Lux Capital has secured $1.5 billion for its ninth fund, the largest in the firm’s 25-year history. The raise comes despite a broader slump in new VC fund formation, highlighting investor confidence in Lux’s frontier tech thesis.
Nestlé’s global CIO, Chris Wright, argues the company’s AI focus is on growth and better decision-making, not just efficiency. With a centralized data foundation, pilots in pricing and sales are scaling from Brazil to the Philippines. But AI is still a factor in broader cost-cutting that includes la
JPMorgan Chase is cutting out the middleman in shareholder voting. The bank is ditching external proxy advisory firms and will instead use its own AI system, Proxy IQ, to analyze data from about 3,000 annual company meetings.
In a surprise move, MSCI has postponed its proposal to kick so-called digital asset treasury companies (DATCOs) out of its indexes. This gives firms like MicroStrategy, whose stock jumped 6% on the news, a crucial lifeline for now.
New data shows a stunning reversal in enterprise AI strategy. Where 98.3% of chief product officers refused to grant AI agents meaningful autonomy in August 2025, that resistance had collapsed to 63.3% by November, with nearly 40% now open to it. Active piloting and usage tripled in some sectors.
According to a report, Chinese regulators are looking into Meta’s recent $2 billion purchase of AI startup Manus. The review focuses on whether the transfer of Manus’s tech out of China required an export license, potentially giving Beijing leverage over the deal.
Elon Musk’s xAI has secured a monumental $20 billion in new funding. The capital will accelerate its data center buildout and the development of its Grok AI models, which now reach 600 million users.
Elon Musk has kicked off 2026 by adding a staggering $24 billion to his fortune in just two trading days, according to the Bloomberg Billionaires Index. This 4% bump brings his estimated net worth to $644 billion, further extending his lead as the planet’s wealthiest individual.
AWS is raising prices for its EC2 Capacity Blocks, a service that guarantees access to scarce Nvidia GPUs. The price for a p5en.48xlarge instance jumped from $36.184 to $41.612 in most regions, with even steeper hikes in Northern California. Analysts say it’s a classic case of applying a “scarcity p
ASUS has given us our first real look at WiFi 8 hardware with the ROG NeoCore concept router. The company claims its early tests show the next-gen standard is less about raw speed and more about revolutionary improvements in stability and latency for crowded networks.
