Fundraising

August 23, 2026

Embattled hedge fund Situational Awareness invests $400M in chip startup Source Foundry

Situational Awareness may have had to sell off the majority of its public portfolio last month, but the AI-focused hedge fund is still making some big bets. This week, the fund invested $400 million into Source Foundry, a startup founded by Stanford researchers aiming to make chip manufacturing faster and cheaper, according to The Wall […]

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August 23, 2026

Discovered Materials is playing AI whack-a-mole to hunt cooler chips

Chips running AI workloads are too hot: That’s one reason why data centers consume so much electricity and require cooling systems. And, inevitably, entrepreneurs are turning to AI to solve the problem it created. Discovered Materials is the latest, with plans to use swarms of AI agents to find new materials that can be used […]

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August 23, 2026

OpenAI reportedly completed a $7 billion employee tender offer

OpenAI has bought back $7 billion worth of shares from employees at the privately held frontier AI lab as part of an effort to provide liquidity to its workforce. The deal, reported by Bloomberg, valued OpenAI at $852 billion, the same as its most recent fundraising round in March, which added $122 billion to the […]

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August 15, 2026

Form Energy raises $750M to build more 100-hour batteries for the grid

Battery startup Form Energy said on Wednesday that it has raised $750 million to expand its manufacturing capacity in West Virginia, the latest sign that the AI data center building boom is fueling investment in energy storage. The U.S. installed 9.7 gigawatt-hours of energy storage in the first three months of this year, up 32% […]

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