Business & Industry
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Barcelona's THEKER Raises What It Calls Europe's Largest-Ever Robotics Series A at 85 Million Dollars
THEKER raised $85M (€73M) led by CRV with Samsung and LVMH backing, for AI-native factory robots that reconfigure for different tasks.
GameStop Posts Record $389.6 Million Q1 Net Income as Collectibles Overtake Hardware, but an eBay Options Gain Inflates the Headline
Collectibles became GameStop's largest segment in Q1 fiscal 2026, but $268.4 million of its record net income came from an unrealized gain on eBay-linked options.
Generalist AI Raises $400 Million at a $2 Billion Valuation to Build Foundation Models for Robots, Backed by Nvidia and Bezos
The San Mateo startup, founded in 2024 by ex-DeepMind and Boston Dynamics researchers, has now raised more than half a billion dollars to scale its robot foundation models.
T1 Energy to Buy KORE Power for $32 Million, Entering Battery Storage and AI Data Center Markets
T1 Energy, the former FREYR, agreed to acquire battery storage provider KORE Power for about $32 million, adding 1,100 deployed projects.
Unitree Clears Shanghai STAR Market IPO Review, Billed as China's First Embodied-AI Listing
The Shanghai Stock Exchange's STAR Market listing committee cleared the humanoid robot maker's IPO on Monday, a key hurdle toward a 4.2-billion-yuan raise.
Snowflake Commits $6 Billion to AWS Over Five Years, Its Largest Infrastructure Deal Yet, With Graviton and GPU Compute at the Center
Snowflake's $6 billion, five-year AWS commitment is 2.4 times its 2023 deal, leaning on Graviton CPUs and GPU-accelerated EC2 to power agentic AI workloads.
Anthropic Raises $65 Billion Series H at $965 Billion Valuation, Overtaking OpenAI as World's Most Valuable AI Startup
Anthropic's Series H puts it within striking distance of a $1 trillion valuation on $47 billion run-rate revenue, with Altimeter, Sequoia, GIC, and two dozen other institutions as backers.
EA's $55 Billion Saudi-Led Buyout Clears Shareholder Vote as Canadian Union Raises National Security Alarm
EA shareholders approved the $55B PIF-led acquisition in late December; Canadian union CWA Canada has urged Ottawa to review the deal under the Investment Canada Act.
Nvidia Posts Record $81.6 Billion Q1 Revenue, Raises Quarterly Dividend 25x and Authorizes $80 Billion Buyback
Nvidia's Q1 FY2027 results set new company records across revenue, net income, and free cash flow, driven by Blackwell GPU demand and a near-tripling of networking revenue.
AWS US-EAST-1 Thermal Event Forces Coinbase Into Manual Disaster Recovery as Cooling Failure Damages EC2 Hardware
A cooling system failure in a single Northern Virginia availability zone triggered a 20-hour AWS outage that physically damaged EC2 and EBS hardware and brought down core trading services at Coinbase.
Spotify and Universal Music Group Strike Landmark Licensing Deal for Fan-Made AI Covers and Remixes
Spotify and UMG announced a licensing deal enabling Premium users to create AI-generated covers and remixes of participating artists' songs, with revenue shared back to rights holders.
Scapia Raises $63 Million Series C Led by General Catalyst to Scale India's AI-Powered Travel Fintech
Bengaluru startup Scapia has closed a $63M Series C led by General Catalyst at a post-money valuation exceeding $500 million, more than doubling its $200 million valuation from April 2025.