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Prime Intellect’s $130 million Series A, led by Radical Ventures with backing from NVIDIA Ventures, Intel Capital, and Iconiq, signals a growing investor conviction: the next layer of AI value may not sit in frontier models, but in the infrastructure that lets companies build and control their own. The
The Daily Dealflow
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Stablecoins are rapidly cementing their role as core financial infrastructure. Visa’s latest onchain analytics show $1.79 trillion in adjusted stablecoin transaction volume in June 2026, up 63% month over month and 125% year over year. This is not just growth—it signals a structural shift in how money
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Norm AI is deepening its position in the emerging “AI-native law” category after raising $120 million in a Series C round, bringing its total funding to approximately $250–$262 million since its founding in 2022. The round, disclosed through an SEC filing, included participation from 19 investors, with returning
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The global AI-driven semiconductor rally is showing early signs of fatigue, even as headline results remain strong. Samsung Electronics reported an estimated 19-fold increase in operating profit for the April–June quarter, driven largely by robust demand for high-bandwidth memory (HBM) chips used in AI infrastructure. Despite
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Goldman Sachs is intensifying the debate around artificial intelligence and its impact on the labor market, estimating that AI could displace up to 15 million U.S. workers over the next decade. The projection, presented by economist Joseph Briggs, is based on a scenario where AI delivers a 15% productivity
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Bending Spoons’ $18B Nasdaq debut is a reminder that you can build massive outcomes by systematically reducing luck’s role in your trajectory and doubling down on operational excellence and AI-driven product execution. Headquartered in Milan, the 13-year-old company has quietly spent the past decade acquiring underperforming
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Ashton Kutcher is stepping away from Sound Ventures, the firm he co-founded with Guy Oseary more than a decade ago, to launch a new venture capital firm alongside Morgan Beller, a former general partner at NFX and partner at Andreessen Horowitz. While the name and structure of the new
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Micron reported a record fiscal third quarter on June 24, generating approximately $41.46 billion in revenue and achieving a GAAP gross margin of about 84.6%. Management also guided for even higher revenue and margins in the upcoming quarter. The company stated that its high-bandwidth memory (HBM) capacity
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SpaceX completed the largest IPO in history, debuting on June 12 at a price of $135 per share. The offering raised approximately $75 billion and pushed the company’s public valuation into the low-trillion-dollar range. The stock quickly surged to around $225 on strong early demand before pulling
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Federal financial disclosures filed for 2025 show that President Trump reported at least $1.4 billion in crypto-related income, primarily from ventures including the Official Trump memecoin and World Liberty Financial. Blockchain analytics firm Nansen reports that, as of the end of June, approximately 988,905 wallets that purchased
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Argentina is experiencing a renewed wave of dollarization as recent currency movements reignite pressure on the peso and test the credibility of the government’s stabilization strategy. A roughly 6.5% depreciation in June has been interpreted by market participants as an early stress test for the current exchange-rate