Bezos's Physical AI Lab Hits $38B After $10B Round
Project Prometheus has closed a $10 billion funding round at a $38 billion valuation, with BlackRock and JPMorgan backing Bezos's bet on physical AI for industry.
Articles Tagged "Investment"
Anthropic Passes OpenAI in Revenue at $30B ARR
Anthropic's annualized revenue crossed $30 billion in April 2026, topping OpenAI's $24 billion run rate and marking the first time a rival has outpaced OpenAI in the generative AI race.
Fermi CEO and CFO Exit - $20B Nuclear AI Bet Implodes
Fermi America's CEO and CFO both departed as the nuclear-powered AI data center startup collapsed 83% from its IPO high with no revenue and no anchor tenant.
Amazon Bets $25B on Anthropic and 5GW of Trainium
Amazon will invest up to $25 billion more in Anthropic, with Anthropic committing to spend over $100 billion on AWS over the next decade, cementing Trainium as Claude's primary compute platform.
Stanford 2026 AI Index - Cash In, Transparency Out
Stanford's 2026 AI Index shows global investment hitting $581B in 2025, while foundation model transparency scores fell by a third as capabilities raced ahead of governance.
OpenAI's IPO Will Reserve Shares for Everyday Investors
OpenAI CFO Sarah Friar confirmed the company will reserve IPO shares for retail buyers, after the firm raised $3B from individuals in its $122B funding round - three times what it set out to raise.
Meta Commits $21B More to CoreWeave, Total Hits $35B
Meta expands its CoreWeave partnership by $21 billion through December 2032, bringing total commitments to $35 billion and locking in early NVIDIA Vera Rubin deployments.
Microsoft Commits $10B to Japan AI Infrastructure
Microsoft pledges $10B to Japan for AI data centers, cybersecurity cooperation, and workforce training from 2026 to 2029, partnering with SoftBank and Sakura Internet.
Eclipse Raises $1.3B to Back and Build Physical AI
Eclipse Ventures closed two funds totaling $1.3B to build and back physical AI companies in robotics, defense, and manufacturing as investor conviction shifts from software to machines.
AI Claims 80% of Record $300B VC Quarter
Q1 2026 set an all-time venture capital record with $300 billion invested globally, and AI startups captured $242 billion of it - four mega-rounds alone accounted for 64% of every dollar deployed.
Microsoft Pledges $5.5B for Singapore AI and Cloud
Microsoft commits $5.5B to Singapore's cloud and AI infrastructure through 2029, one day after a separate $1B+ Thailand pledge, as Brad Smith tours Asia cementing Microsoft's position as the West's preferred AI infrastructure partner in the region.
Physical AI's Money Moment - $11B and Counting
Physical Intelligence is in talks to raise $1 billion at an $11 billion valuation, doubling in four months, as investors pour capital into AI software designed to run robots in the real world.
