Monzo is reportedly in early talks to sell to Brazil's Nubank for GBP 8 billion to GBP 10 billion, a deal that would hand Nubank a UK banking license and pull another fintech off London's IPO list.
Tekever raised $580 million at a $6.4 billion valuation, nearly five times its price six months ago, a week after the UK picked its drone to replace the failed Watchkeeper program.
Cognition and Factory both sell AI agents that write enterprise software. Nine days apart, investors priced them $43 billion apart. Revenue disclosure explains most of the gap.
Nik Storonsky is weighing a dual London-New York listing for Revolut, years after slamming UK stamp duty as a reason to avoid it. The UK just built the fixes he asked for.
Crusoe raised 3.9 billion dollars at a 30.9 billion dollar valuation, tripling its price since October 2025 on the strength of one signed compute contract, not new chips.
Ten banks lent Crux AI 22 billion dollars against TPU chips days after launch. What debt-financed AI compute means for anyone who depends on a smaller cloud vendor.
Rome's Exein raised EUR 234 million at a EUR 1.4 billion valuation. EIB Group and KfW Capital joined the round, a first for physical AI security funding.
SoftBank secured $11.87 billion from 20 banks hours before its stock fell 13 percent, using the loan to repay part of an earlier OpenAI bridge facility early.
Jeff Dean's Discovery Loop is seeking a $50 billion valuation, up from $10 billion weeks earlier, before the company has shipped a product. The jump measures investor demand for a founding team, not commercial traction.
Cohere is in talks to raise $2-3 billion at a $20 billion valuation, with Canada's government already a backer and Germany's government reportedly weighing a stake in the same round. Two states may soon co-own a piece of the same AI vendor.
Google is in talks to pay roughly $1.5 billion for a license to Mechanize's AI coding technology and its evaluation team, not the company itself. It is the third deal Google has structured this way, after Windsurf and Character Technologies.
Nvidia may anchor Anthropic's roughly 100 billion dollar IPO with up to 10 billion of its own money. Anthropic spends its Nvidia-powered cloud bill on the same company.
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One considered note on infrastructure, governance, and measurement, most mornings. No theory.