Alibaba Launches Qwen 3.8 Max with a 1 Million Token Context
Image: Primary
Image: Primary
Fal raised $1.3 billion in a funding round led by Bessemer Venture Partners that values the AI inference startup at $16 billion, TechCrunch reported, citing Bloomberg. Nvidia, Sound Ventures and T. Rowe Price participated. The valuation doubles the $8 billion assigned in April.
I Squared Capital closed its second infrastructure credit fund after raising $3 billion, Bloomberg reported. The fundraising comes amid investor demand to finance the global buildout of power, data centers and other major infrastructure projects.
Energy Transfer LP has formally committed to building a $1.6 billion natural-gas pipeline, Bloomberg reports. The pipeline will move fuel from eastern Louisiana across Mississippi as data centers and export terminals increase demand for natural gas.
Eagle Point Software has acquired Global eTraining, an Alberta-based provider of digital training for architecture, engineering, construction and manufacturing professionals.
Syncere has raised $11m in pre-seed funding led by a16z Speedrun to deliver its first Lume robot lamps, expand manufacturing capacity and adapt its robotics technology for commercial applications. Draper Associates, Physical World, Sequel and SeaX Ventures also invested.
U.S. officials have held up approvals for American chipmaking equipment needed to expand SK Hynix's production in Dalian, China, complicating its subsidiary Solidigm's plans for two NAND memory plants in New York, Yahoo Finance reported, citing Reuters.