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Moonshot AI shifts investor stakes to China in IPO restructuring

Moonshot AI is deactivating its Cayman holding company and moving investors' stakes to its primary operating entity in China, The Wall Street Journal reports, citing sources. The Chinese AI startup is wrapping up the corporate restructuring to pave the way for an initial public offering.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Infrastructure

GlobalFoundries starts construction of Japan-funded New York chip fab

GlobalFoundries says it broke ground November 13 on a new semiconductor factory in Malta, New York, starting construction of the first of two planned fabs under a U.S.-Japan initiative providing up to $21 billion in funding.

Markets Insider
Capital Infrastructure
Capital Infrastructure

Drogue raises $20 million for ocean-powered floating data centers

Drogue has raised $20 million to develop floating data centers powered by ocean temperature differences, the startup told TechCrunch. Investors include XYZ Venture Capital, Toyota Ventures and Tamarack Global.

TechCrunch
Capital AI
Capital AI

ValkaAI extends pre-seed funding round to €13 million

Czech startup ValkaAI has extended its pre-seed funding round to €13 million, with backing from Look AI Ventures and ff Venture Capital. The company announced €12 million in initial external funding in February 2026.

EU-Startups