Lumaril raises $66 million for industrial AI software
Lumaril raised a $66 million Series A at a $400 million valuation, The Wall Street Journal reported. The company develops AI software that connects to manufacturers' existing control systems to optimize industrial production on factory floors.
NeuroXess raises RMB 700 million for brain-computer interfaces
Shanghai-based NeuroXess raised RMB 700 million in Series B funding, TechNode reported. SDIC Juli, Shenzhen Capital Group and Qinzhi Capital co-led the round.
Nvidia in talks to guarantee Nscale debt for West Virginia AI campus
Nvidia is discussing guarantees for billions in debt financing for Nscale's planned Anthropic data center in West Virginia, TechCrunch reported, citing The Information and Bloomberg.
Five technology giants commit more than $3T to future spending
Alphabet, Meta, Microsoft, Amazon and Oracle have committed more than $3T to future spending on data centres, leases, equipment and energy, The Next Web reported, citing Bloomberg. Alphabet accounts for more than $1T and Meta for more than $800B.
CoreWeave, Nebius and Nscale reportedly lose effective bond market access
CoreWeave, Nebius and Nscale have effectively been shut out of the bond market in recent weeks, The Wall Street Journal reported, citing sources.
GAAC preprint reports lossless cache compression and higher inference throughput
Researchers report in a preprint that GAAC, a system for compressing the stored attention data used by language models, reduces resident cache memory by approximately 26% and increases aggregate serving throughput by 13-29% under comparable cache-memory budgets.
