Artificial Intelligence
OpenRouter, an Exchange for A.I. Models, Raises $113 Million
An investment arm of Alphabet is backing OpenRouter, which helps companies choose among hundreds of models for different software tasks.
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Venture Capital
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Fervo Energy Co
A Start-Up Aiming to Make Geothermal Energy Mainstream Goes Public
Fervo Energy, which uses drilling techniques from the oil and gas industry to produce power from the earth’s heat, raised $1.9 billion in an initial public offering.
Artificial Intelligence
Cerebras, A.I. Chip Maker, Rises 89% in Market Debut as Tech IPOs Ramp Up
Cerebras, a Silicon Valley maker of artificial intelligence chips, began trading on the stock market on Thursday, as SpaceX, OpenAI and Anthropic also take steps to go public.
Space Exploration Technologies Corp
Why So Many People Already Own Shares of Elon Musk’s SpaceX
Even before the rocket company holds a major initial public offering, many people own stock in it through so-called special purpose vehicles.
Artificial Intelligence
The Drama at Thinking Machines, a New A.I. Start-Up, Is Riveting Silicon Valley
Defections, secret conversations, deal talks that fizzled and a battle for control: The turmoil at Thinking Machines Lab is the artificial intelligence industry’s latest drama.
Artificial Intelligence
The New Billionaires of the A.I. Boom
Just like past tech booms, the latest frenzy has produced a group of billionaires — at least on paper — from smaller start-ups.
Drones (Pilotless Planes)
The 20-Somethings Who Raised $121 Million to Build Military Drones
Neros, a company founded in 2023 by former teenage drone racers, won a coveted Army contract and is gaining popularity in the defense sector.