Seligman Ventures, launched in February with $500 million, has doubled its deployable capital to $1 billion after making more than 14 investments in AI infrastructure, chips, networking and physical AI in its first months.
The US National Highway Traffic Safety Administration has finalised weaker fuel-efficiency rules for cars and trucks, halving the required annual improvement and lowering the 2031 fleet target to 34.9 mpg. The government says prices will fall; critics say fuel bills and pollution will rise.
Wall Street started the week lower as the FAA indefinitely delayed certification of Boeing's 737 Max 10 over a software issue, sending the stock down nearly 7%, while Treasury yields climbed to multi-decade highs and oil rose on renewed US-Iran tensions.
Mona, co-founded by Andrew Leon Hanna and Anny Dow, has raised an oversubscribed $3.5 million seed round led by Sandberg Bernthal Venture Partners, with Eric Schmidt among its angels, to scale AI-powered financing and coaching for small businesses.
On its 14th test flight, SpaceX's Starship reached Earth orbit for the first time and deployed 26 next-generation Starlink satellites, before the company cut the mission short after losing one of the ship's six engines.
OpenAI has cancelled the planned October release of GPT-6.1 Astra after internal tests found it fell short on staying within scope and authorisation, the latest sign that leading AI labs are slowing down amid mounting safety concerns.
Krishna Rangasayee's SiMa.ai has raised a $150 million Series C co-led by Fidelity and Amplify, lifting its valuation to $1.45 billion as it builds low-power chips for humanoid robots, drones and vehicles.
Instinct, the text-message-based AI agent that books, buys, pays and calls on users' behalf, has raised a $1 billion Series C from Sequoia, Benchmark and Coatue at a $10 billion valuation, a month after raising at $2.5 billion.
AMD has agreed to acquire World Labs, the spatial-intelligence start-up founded by AI pioneer Fei-Fei Li, in an all-stock deal worth about $8.2 billion. Li will join AMD as executive vice president and chief scientist, reporting to CEO Lisa Su.
NSRCEL at IIM Bangalore and Maruti Suzuki have launched the seventh cohort of their six-month mobility incubation programme, targeting early-revenue start-ups in vehicle tech, clean tech, infrastructure and smart manufacturing.