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General Catalyst just led a $63 million bet in India’s travel payments market

General Catalyst just led a $63 million bet in India’s travel payments market

๐Ÿ”ฅ Check out this trending post from TechCrunch ๐Ÿ“– ๐Ÿ“‚ **Category**: Fintech,Startups,General Catalyst,Peak XV Partners,Scapia,Z47 ๐Ÿ“Œ **What Youโ€™ll Learn**: Scapia, an Indian startup that combines travel booking, co-branded credit cards and mobile payments, has raised $63 million in a funding round led by General Catalyst, with participation from existing investors Peak XV Partners and Z47. The deal comes despite a broader slowdown in fintech deal-making. The values โ€‹โ€‹of the full equity round give the startup a post-money valuation of more than $500 million, according to a source familiar with the matter, more than doubling its valuation from about $200 million…
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Truecaller is entering the eSIM space to diversify its revenue streams

Truecaller is entering the eSIM space to diversify its revenue streams

๐Ÿ’ฅ Read this insightful post from TechCrunch ๐Ÿ“– ๐Ÿ“‚ **Category**: Apps,esim,travel,Truecaller ๐Ÿ“Œ **What Youโ€™ll Learn**: Caller ID company Truecaller has launched eSIM services for travellers. The launch comes as the company aims to strengthen its balance sheet and diversify the business amid declining advertising revenues. The company said its plans will range from 1GB over 7 days to 20GB over 30 days. Initially, the launch will make the eSIM product available in 29 countries. The list includes Italy, Sweden, Spain, France, Germany, Poland, Portugal, Romania, Netherlands, Belgium, Ireland, Austria, Finland, Czech Republic, Denmark, Hungary, United States, United Kingdom, Australia, Canada,…
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Anthropic will pay xAI $1.25 billion a month for computing

Anthropic will pay xAI $1.25 billion a month for computing

๐Ÿ’ฅ Read this awesome post from TechCrunch ๐Ÿ“– ๐Ÿ“‚ **Category**: AI,Anthropic,colossus,data centers,SpaceX,xAI ๐Ÿ“Œ **What Youโ€™ll Learn**: Earlier this month, Anthropic surprised the AI โ€‹โ€‹world with a deal to buy the equivalent of 300 megawatts of computing power, securing full production for its Colossus 1 data center near Memphis, Tennessee. It turns out that computing at this scale isn't cheap. Anthropic will pay xAI $1.25 billion per month through May 2029, at a reduced rate for the first two months as xAI completes its ramp-up. All told, the deal could net XAI more than $40 billion in revenue. Details of the…
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Imperagen raises ยฃ5m to use quantum physics and artificial intelligence in enzyme engineering

Imperagen raises ยฃ5m to use quantum physics and artificial intelligence in enzyme engineering

๐Ÿ”ฅ Discover this awesome post from TechCrunch ๐Ÿ“– ๐Ÿ“‚ **Category**: Startups,Biotech & Health,Venture,biotech ๐Ÿ’ก **What Youโ€™ll Learn**: Biotech company Imperagen on Thursday announced a ยฃ5 million ($6.7 million) seed round led by PXN Ventures, with participation from IQ Capital and Northern Gritstone. The company was founded in 2021 by Manchester Institute of Biotechnology scientists Dr Andrew Coren, Dr Tim Eyes and Dr Andy Almond, and spun out of the university. The startup seeks to improve enzyme engineering by making it faster, more efficient, and less expensive than the slower, more physical, trial-and-error-focused process now used. Imperagen uses three key technologies…
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OpenAI to confidentially file for IPO as soon as Friday: Source

OpenAI to confidentially file for IPO as soon as Friday: Source

โœจ Read this insightful post from Hacker News ๐Ÿ“– ๐Ÿ“‚ **Category**: โœ… **What Youโ€™ll Learn**: OpenAI is preparing to confidentially file a draft of its IPO prospectus as soon as Friday, as the company gears up for what could be one of the largest public markets debuts in history, CNBC confirmed on Wednesday.The artificial intelligence company, which is valued at more than $850 billion by private investors, is working with banks including Goldman Sachs and Morgan Stanley to prepare to file in the coming days or weeks, according to a source familiar with the matter who asked not to be…
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Musk’s xAI is being sued over its data center generators โ€” and now it’s buying an additional $2.8 billion

Musk’s xAI is being sued over its data center generators โ€” and now it’s buying an additional $2.8 billion

๐Ÿ”ฅ Explore this insightful post from TechCrunch ๐Ÿ“– ๐Ÿ“‚ **Category**: AI,Climate,air pollution,data centers,Elon Musk,natural gas,SpaceX,spacex ipo,spacexai,xAI ๐Ÿ’ก **What Youโ€™ll Learn**: Elon Musk's xAI company has found itself in hot water over its use of polluting generators at its data center near Memphis, Tennessee. And now you want to buy more of them. In SpaceX's IPO filing, released on Wednesday, the company said its xAI division will purchase another $2.8 billion worth of turbines for AI infrastructure over the next three years. One deal, worth $2 billion, is specifically for mobile gas turbines, the type it is currently being sued over.…
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Haskell Foundation 2026 Update – Haskell Foundation

Haskell Foundation 2026 Update – Haskell Foundation

๐Ÿš€ Read this awesome post from Hacker News ๐Ÿ“– ๐Ÿ“‚ **Category**: ๐Ÿ’ก **What Youโ€™ll Learn**: The Haskell Foundation has been at the center of a flurry of changes, all of which Iโ€™d like to share with the community today. First, Josรฉ, our executive director for the past few years, has decided to step away from his role in June 2026. Josรฉ has been the longest-serving executive director at the Haskell Foundation, spending his time interacting with and supporting the community in many ways, often away from public view. Through personal sacrifices, Josรฉ has allowed the Haskell Foundation to survive some…
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xAI burned through $6.4 billion last year โ€” SpaceX’s IPO filing shows why the spending isn’t over yet

xAI burned through $6.4 billion last year โ€” SpaceX’s IPO filing shows why the spending isn’t over yet

๐Ÿ”ฅ Discover this must-read post from TechCrunch ๐Ÿ“– ๐Ÿ“‚ **Category**: AI,Space,Elon Musk,Grok,SpaceX,spacex ipo,X โœ… **What Youโ€™ll Learn**: Elon Musk's xAI company lost $6.4 billion from operations on just $3.2 billion in revenue in 2025, according to SpaceX's IPO filings. And the losses are about to increase. SpaceX's filing reveals plans to scale Grok to "several trillion parameters," a significant boost that would likely require significant additional computational spending. Elon Musk merged his artificial intelligence company xAI - which previously acquired his social media platform X (formerly Twitter) - with his rocket and satellite company SpaceX in February before announcing that…
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Intuit to lay off over 3,000 employees to refocus on AI

Intuit to lay off over 3,000 employees to refocus on AI

๐Ÿš€ Discover this awesome post from Hacker News ๐Ÿ“– ๐Ÿ“‚ **Category**: ๐Ÿ’ก **What Youโ€™ll Learn**: Enterprise software giant Intuit is letting 17% of its staff go, or about 3,000 people, as it seeks to divert resources toward baking AI into its products, Reuters reported, citing an internal memo sent to employees. The memo by CEO Sasan Goodarzi said the layoffs are meant to reduce complexity by simplifying the companyโ€™s corporate structure and help it focus on AI efforts, according to Reuters. The company, which makes accounting, tax, and personal finance software like TurboTax, QuickBooks, and Credit Karma, had 18,200 employees…
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Jensen Huang says he’s found a “completely new” $200 billion market for Nvidia

Jensen Huang says he’s found a “completely new” $200 billion market for Nvidia

๐Ÿš€ Discover this awesome post from TechCrunch ๐Ÿ“– ๐Ÿ“‚ **Category**: AI,Enterprise,TC,cpus,nvidia ๐Ÿ’ก **What Youโ€™ll Learn**: Nvidia founder and CEO Jensen Huang is perhaps one of the greatest corporate hype men of all time when it comes to his company. He may also beat Salesforce's Marc Benioff when it comes to continued optimism about his company's future and revenues. However, it lives up to the hype quarter after quarter. Instead of warning you not to be skeptical by announcing that he found "a new $200 billion TAM for Nvidia," I think he gained a little confidence. Huang puts this huge new…
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