Meta owns half of Scale AI, which hired tens of thousands of gig workers marketed as "experts" to do something very different: scrape Instagram profiles, transcribe porn, and label dog shit.
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Bitcoin miners are becoming AI infrastructure plays, and the market is finally catching on. Bitcoin is approaching $100K as geopolitical tensions ease and capital flows shift, reinforcing crypto's role as a hedge against instability.
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While everyone watches Harvey and Legora fight for the generic legal AI crown, the real money is going vertical. Patlytics raised $40M Series B led by SignalFire to automate the full patent lifecycle, from filing to litigation
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A defense startup building autonomous hypersonic aircraft just hit unicorn status, and the Pentagon is writing the checks. Hermeus Corp. raised $350 million to build the fastest uncrewed aircraft for the US Department of Defense, vaulting it to unicorn valuation
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The $10 billion AI training company just exposed the people who taught its models how to think. Mercor, a $10B AI training startup, faces five lawsuits in one week after contractors' Social Security numbers, addresses, and interview recordings were compromised via breached LiteLLM software
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OpenAI just raised $122 billion at an $852 billion valuation while planning to lose $111 billion over five years. OpenAI closed $122 billion in committed capital at $852B valuation, putting it alongside Walmart and Samsung by market cap
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China just shipped an open-source AI agent that works an eight-hour shift, and the benchmark numbers say it's beating GPT and Claude at actual engineering work. Z.ai released GLM-5.1 under MIT license, a 754-billion parameter model designed to run autonomously for up to eight hours on a single task
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OpenAI is now paying fellows in compute credits, not just cash, and the timing says everything you need to know about their PR strategy. OpenAI launched a safety fellowship offering $111,000 over five months plus roughly $15,000/month in compute credits.
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SpaceX is bypassing Wall Street's gatekeepers and offering 30% of its $2 trillion IPO directly to retail investors. SpaceX plans a June retail investor event ahead of what could be history's largest IPO, targeting a $2 trillion valuation and $75 billion raise
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The AI boom's favorite revenue metric just got called out as Silicon Valley's most creative fiction. Cluely's co-founder admitted lying to reporters about ARR, the industry's standard measure of recurring revenue
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Eclipse just raised $1.3 billion to bet on companies building things you can touch, not just things you can prompt. Eclipse, the VC firm behind Cerebras, closed a $1.3 billion fund targeting AI infrastructure, manufacturing, robotics, and defense startups
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Claude just ate a trillion dollars of SaaS market cap and most people still think it's just another chatbot. Anthropic's Claude, launched publicly in July 2023, briefly surpassed ChatGPT in App Store downloads after releasing Cowork in January 2026
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The SEC just sent its crypto safe harbor proposal to the White House, and if it lands, launching a token project won't require hiring a securities lawyer first.
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The people who built the thing are now betting on what comes after it. Zero Shot, a new VC fund founded by OpenAI alums, is raising $100 million and has already deployed capital into early-stage companies.
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SpaceX at $2 trillion isn't just a big IPO. It's the moment when space infrastructure becomes a tradable asset class. SpaceX is preparing to go public at a valuation exceeding $2 trillion, positioning itself as the first in a wave of mega IPOs over the next year
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The picks-and-shovels play for AI just got half a billion dollars more real. Firmus Technologies raised $505 million led by Coatue, with Nvidia already on the cap table This is infrastructure capital chasing the AI compute buildout, not another foundation model company
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The gap between what executives think AI does and what engineers actually deal with at 2 AM just got a $19 million reality check.
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Strategy just bought another [$330 million in Bitcoin](https://cointelegraph.com/news/strategy-adds-4871-bitcoin-holdings-766970-btc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound) while sitting on $14.5 billion in paper losses, and the conviction play is getting weirder.
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A Spanish startup just raised $130 million to build sensors that will map Earth in real-time for AI agents that need to see the physical world. Xoople closed a $130M Series B and partnered with L3Harris to manufacture satellite sensors for AI-readable Earth mapping
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Strategy just bought $330 million in Bitcoin after watching $14 billion in paper value evaporate last quarter, and that's exactly the point. Strategy acquired 4,871 BTC for $330 million, resuming purchases after Q1 turbulence
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