The Brutalist Report - tech
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- Helsinki-based Verda, formerly Datacrunch, which aims to become Europe's first AI cloud hyperscaler, raised €100M in debt and equity (Mimi Billing/Sifted) [15m]
- Meta and Amazon reach a multi-billion, multiyear deal for Meta to rent hundreds of thousands of Amazon's Graviton chips for its AI efforts (Matt Day/Bloomberg) [1h]
- Meta announces a deal to use "tens of millions" of Amazon's Graviton chips to help deliver its next generation of AI models, amid a shortage of Nvidia chips (Ina Fried/Axios) [1h]
- Huawei plans to spend up to $11.7B over five years to boost compute for training and testing autonomous cars, with ~$2.64B for autonomous driving R&D in 2026 (Daniel Ren/South China Morning Post) [2h]
- Sources: China recently told tech companies, including ByteDance and Moonshot AI, to reject US capital without state approval, after Meta's Manus acquisition (Bloomberg) [3h]
- Alibaba says its Qwen AI models will be integrated into BYD, Volkswagen, and other cars, letting users buy food and tickets via voice commands on select models (Evelyn Cheng/CNBC) [3h]
- As part of the Cohere-Aleph Alpha deal, Aleph Alpha backer Schwarz Group plans to invest $600M in Cohere's Series E, which a source says is set to close in 2026 (Kai Nicol-Schwarz/CNBC) [4h]
- Norway plans to ban children from using social media until they turn 16; the government says it will introduce a bill in parliament by the end of 2026 (Terje Solsvik/Reuters) [4h]
- No new articles in the Past 6 Hours.
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