Sources: AI robotics startup Physical Intelligence is in talks to raise $1B+ led by Avenir and Lux Capital at a ~$20B valuation, up from $11.5B earlier in 2026 (Bloomberg)

More in Technology

• Discord is making its public communities more searchable, and people have concerns

  Discord is enhancing its public community features by making some conversations searchable and discoverable on the internet, targeting Discoverable Servers eligible for the platform's Server Discovery feature. This move aims to extend the reach of communities beyond the platform, potentially helping people find useful information. More than 63,000 Discoverable Servers host discussions on various topics, from gaming strategies and fandoms to language learning and niche interests. By making some of these conversatio…

  1 min read
• Chart: Anthropic's cash pile towers over nearly every U.S. company

  Anthropic, an artificial intelligence lab, has amassed a staggering $131.7 billion in cash and short-term investments as of June 30, surpassing nearly every non-bank U.S. company. The company, which has been in operation for nearly six years, has raised $141 billion in private financing, demonstrating its fundraising prowess. The company's first-half compute and infrastructure expenses amounted to $8.95 billion, but these expenses do not account for the full scale of its future obligations. Anthropic has entered i…

  1 min read
• iPhone Duo Users Are Already Seeing a Big Old Crease in the Middle of Their $2,000 Foldable iPhone

  The crease, which some describe as a "big old crease," is a testament to the quality and durability of the device. The company behind the foldable iPhone has already addressed the issue, but the crease is a clear indication that the product is not as seamless as it was initially promised.

  1 min read