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.
Insilico says AI-discovered Rentosertib has entered Phase III trials
Insilico Medicine says Rentosertib, its generative AI-discovered drug candidate also known as ISM001-055, has entered Phase III clinical trials for idiopathic pulmonary fibrosis. The company described the clinical advance in an announcement carried by News-Medical.Net.
Amazon sets up supplier financing to borrow as much as $80 billion
Amazon has established supplier financing arrangements to borrow as much as $80 billion against the value of hardware it buys, Bloomberg reported.
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.
Salesforce's Rune acquisition agreement reportedly worth $375 million
Salesforce's agreement to acquire military logistics software developer Rune Technologies is worth $375 million in cash and stock, Resilience Media reported. Rune builds AI software that helps the US military predict supply needs and manage logistics in the field.
Researchers demonstrate faster water transport with more selective membrane
University of Queensland researchers demonstrated a membrane that increased water transport by approximately 44% and reduced ethanol transport by 90% in ethanol-water separation experiments, Phys.org reported.