Topic: corporate investment
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Krafton Invests $250M in India Beyond Gaming
Krafton is investing an additional $250 million in India over the next three to four years, bringing its total regional commitment to over $500 million while expanding beyond gaming into AI and robotics. The company has navigated significant regulatory challenges by localizing PUBG as BGMI and mi...
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The AI Boom's Billion-Dollar Backbone
The AI revolution is driving trillions in infrastructure investment, straining global power grids and construction capacity. Major tech firms are forming multi-billion dollar partnerships and investments, creating a complex ecosystem where compute capacity and hardware are key strategic assets. C...
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Big Business Is Failing at Carbon Removal
Achieving net-zero by 2050 is essential to limit catastrophic warming, but current corporate efforts are falling short by prioritizing temporary solutions over lasting change. Many corporations rely on short-term carbon storage methods like tree-planting, which lack the permanence needed to genui...
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Magna Invests $35M in Yuma to Boost Battery Swapping in India
Magna International is investing an additional $35 million in Yuma Energy to expand its battery swapping infrastructure, capitalizing on the need for high vehicle uptime among India’s growing gig economy. Yuma aims to double its battery fleet and achieve overall EBITDA break-even within two quart...
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Tekken Veteran Kohei Ikeda Joins VS Studio as Game Designer
Kohei Ikeda, the director of Tekken 8, has officially joined VS Studio as a game designer after leaving Bandai Namco following a two-decade tenure. The studio was established earlier this year under Katsuhiro Harada and Yuichi Yonemori with significant backing from SNK to foster a creative enviro...
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Muon Space raises $250M from Google, Salesforce backers
Muon Space raised $250 million in its largest funding round, with participation from Google and Salesforce. The investment highlights growing confidence in space-based climate monitoring, particularly its wildfire-detection satellite constellation. The funding will help scale operations and expan...
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Amazon launches $1B FDE org to rival OpenAI and Anthropic
Amazon Web Services launched a new division of forward-deployed engineers (FDEs) who will embed with clients to build custom AI agents and teach them to become self-sufficient. AWS committed $1 billion to this effort, emphasizing rapid execution and leaving clients with lasting AI skills rather t...
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Letterboxd’s Future: What’s Coming Next
Letterboxd grew from 1 million to over 26 million users since 2020, driven by pandemic-era streaming, and Tiny acquired 60% of the platform in 2023 for $50 million, promising to preserve its independence. Under Tiny's ownership, Letterboxd has introduced display advertising and a streaming rental...
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Uber Buys More Lucid Robotaxis, Company Names New CEO
Lucid Motors and Uber have significantly expanded their partnership, with Uber increasing its order of Lucid Gravity SUVs for a robotaxi fleet from 20,000 to 35,000 vehicles. Uber is increasing its financial commitment to Lucid by adding $200 million to its previous investment, while Lucid is als...
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Data Centers Reach the Arctic Circle's Edge
A former paper mill in Sweden is being converted into a data center, symbolizing a shift from physical media to AI computation, as the Nordic region experiences Europe's fastest data center expansion driven by AI demand. The AI-driven building boom is a response to a critical shortage of large, p...
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Samsung in talks to back Mistral at €20bn valuation
Samsung is in discussions to invest in AI startup Mistral, potentially valuing it at €20 billion, as part of its strategy to expand in generative AI. The investment would support Samsung’s push into AI-powered hardware and could lead to deeper collaboration on integrating Mistral’s language model...
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Rivian EV sales rise despite industry slowdown
Rivian's Q1 2026 results show strong growth, with vehicle deliveries up 20% year-over-year and production up 30%, defying broader industry challenges. This positive start follows a difficult 2025, where sales and production fell significantly due to the expired federal EV tax credit and increased...
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OpenAI's Sora App to Shut Down After Controversy
OpenAI is shutting down its Sora short-form video app, which launched as an AI-first alternative to TikTok but failed to sustain public interest despite initial buzz and being powered by the advanced Sora 2 video generation model. The platform was plagued by controversies, including the creation ...
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Google Invests $1B in Form Energy's 100-Hour Battery
Google is investing $1 billion to integrate Form Energy's iron-air battery system into a new Minnesota data center, which will be powered by wind and solar energy. The iron-air battery technology can deliver 300 megawatts of power for 100 hours, using a reversible rusting process with abundant ma...
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Krafton Shifts to AI-First Game Development
Krafton is adopting an "AI First" strategy, using agentic AI to automate tasks and restructuring its management and operations around this technology. The company is investing over 100 billion Korean won (about $70 million) in a GPU cluster to automate workflows, boost R&D, and enhance AI feature...
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Lululemon Invests in Epoch Biodesign for Recycled Apparel
Epoch Biodesign uses specialized enzymes to break down plastic waste into its core chemical monomers, achieving over 90% recovery and aiming to create virgin-quality materials. The company's initial commercial focus is on recycling nylon 6,6 from waste textiles, decoupling production from fossil ...
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Google Invests $425M in Redwood Amid Surging AI Power Demand
Google has invested $425 million in Redwood Materials to secure energy storage systems specifically for powering AI data centers, highlighting its strategic focus on reliable energy for AI operations. Redwood Materials, founded by a former Tesla executive, has evolved from battery recycling to pr...
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Meta Teams with Bill Gates' Startup on Nuclear Power
Meta has signed power purchase agreements with three nuclear energy providers—TerraPower, Oklo, and Vistra—to secure a reliable, large-scale electricity supply for its AI infrastructure, aiming for approximately 6.6 gigawatts by 2035. The company is directly funding the construction of new nuclea...
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SpaceX's Terafab opts for natural gas over Tesla solar
SpaceX will build natural gas power plants with large battery arrays to power its Terafab semiconductor facility in Texas, marking a shift away from renewable energy with no mention of solar power despite Tesla's partnership. The project, located in Grimes County, benefits from a 100% tax abateme...
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iRobot Founder's Fear: Why He Keeps Distance From Walking Robots
Rodney Brooks, a prominent robotics expert, advises maintaining a three-meter distance from full-sized walking robots due to the significant safety risks from their immense kinetic energy during movement. He disputes the notion that humanoid robots will quickly master complex manual skills throug...
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