Walter Schulze

Walter Schulze · Jul 14, 2026 · 9:42 PM

Chai Discovery Triples Its Valuation to $3.8 Billion in Seven Months

Chai Discovery, the two-year-old AI drug design startup founded by former OpenAI and Meta researchers, closed a $400 million Series C at a $3.8 billion valuation, tripling its price tag in seven months. The round, led by Index Ventures, includes repeat backing from OpenAI itself. Its models now design antibodies for Eli Lilly, Pfizer and Novartis.

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Walter Schulze · Jul 14, 2026 · 5:42 PM

Reflection AI Secures Over $1 Billion in Nvidia Compute From Nebius

Reflection AI has signed a computing deal worth more than $1 billion with Nebius, securing Nvidia GPU access through 2029, just weeks after committing up to $6.3 billion to SpaceX for the same purpose. The open-source AI startup, founded by ex-DeepMind researchers, is locking in compute at a scale that outpaces its product releases so far.

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Walter Schulze · Jul 14, 2026 · 1:16 PM

An MIT Spinout Just Raised $134 Million to Drill for Superhot Rock in Oregon

Quaise Energy closed the first tranche of a $134 million Series B backed by Japan's JERA and Idemitsu, funding Project Obsidian, a superhot geothermal plant planned for Oregon's Deschutes National Forest. The MIT spinout's millimeter-wave drilling system vaporizes rock instead of grinding it, and the company is now closing in on a kilometer of depth at its Texas test site.

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Walter Schulze · Jul 14, 2026 · 8:55 AM

GCash's Owner Just Filed the Biggest IPO the Philippines Has Ever Seen

Mynt, the parent company of GCash, is looking to raise up to $1.5 billion in what would be the largest IPO in Philippine history. The final offer price, set through book building, will decide whether the deal succeeds. It's also a test of whether investors still believe Southeast Asian fintech is worth private market valuations.

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Walter Schulze · Jul 13, 2026 · 11:48 PM

A Shanghai Chip Startup Is Betting 3D Stacking Can Break Nvidia's Grip

Shanghai startup Dongfang Suanxin has exited stealth with a 14nm AI chip built on 3D memory stacking, betting that architectural workarounds can offset US lithography sanctions. Backed by a state AI fund, Yunfeng Capital, Xiaomi and JD.com at a $1.7 billion valuation, it joins Huawei and other Chinese firms racing to make EUV restrictions irrelevant.

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Walter Schulze · Jul 13, 2026 · 8:10 PM

Valarian raises $50 million to help Europe escape America's cloud grip

Valarian, a London startup founded by Max Buchan and Josh McLaughlin, has raised a $50 million Series A led by NEA, its first defense or dual-use bet in Europe. The round comes weeks after the Trump administration cut off allied nations' access to Anthropic's top models, turning data sovereignty into an operational emergency for European governments.

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Walter Schulze · Jul 13, 2026 · 3:01 PM

Bitcoin ETFs Bled $4.67 Billion in Q2 as AI Stocks Stole the Money

Spot Bitcoin ETFs posted a record $4.67 billion in net outflows during Q2 2026, their worst quarter since launching in January 2024, as institutional capital rotated into AI stocks and SpaceX's record-breaking IPO. Bitcoin fell 14.2% for the quarter even as on-chain whales kept buying.

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Walter Schulze · Jul 13, 2026 · 10:35 AM

A zeroed signature let a hacker drain nine million dollars from Hedera's biggest lender

A zeroed signature let a hacker drain nine million dollars from Hedera's biggest lender

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Walter Schulze · Jul 13, 2026 · 7:21 AM

Meta Pulled Its Muse AI Tool But Your Instagram Photos Are Still In It

Meta scrapped its Muse Image AI tool just three days after launch following backlash from SAG-AFTRA, CAA and privacy advocates over its opt-out default. But reporting shows the images and training data Muse Image already pulled from public Instagram accounts haven't been deleted, and Meta hasn't said what happens to them next.

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Walter Schulze · Jul 13, 2026 · 6:04 AM

Oratomic raises 300 million dollars just 100 days after leaving stealth

Oratomic, a Pasadena quantum computing startup led by physicist Dolev Bluvstein, raised a 300 million dollar Series A at a 1.5 billion dollar valuation just months after leaving stealth. The round rests on a contested claim that cryptographically relevant quantum computing may need only 10,000 to 26,000 qubits, far fewer than previously assumed.

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Walter Schulze · Jul 13, 2026 · 12:03 AM

Most Americans now want the government to seize half of AI companies' equity

A new Verasight survey found 69% of Americans support forcing AI companies to transfer half their equity into a public sovereign wealth fund, as tech layoffs and Bernie Sanders's $7 trillion AI wealth fund bill turn public frustration into a live policy threat.

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Walter Schulze · Jul 11, 2026 · 8:31 PM

What Is Vibe Coding and How AI Turned Anyone Into a Software Founder

What is vibe coding? It's building software by describing what you want to an AI model instead of writing the code yourself, a shift that's turning non-programmers into real software founders. Here's how it actually works, where it breaks, and how to ship a real product with it.

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Walter Schulze · Jul 11, 2026 · 8:21 PM

FuriosaAI Brings Its Nvidia Challenger Chip to a Lisbon Data Center

FuriosaAI has installed its RNGD inference accelerators at Equinix's Lisbon data center, its first commercial deployment in Europe, while pursuing a third-generation chip with Broadcom built on HBM4 memory. The move lands as European chip startups scramble for funding far behind their US rivals in the race for Nvidia alternatives.

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Walter Schulze · Jul 11, 2026 · 9:03 AM

Zuckerberg Breaks His Three Year Silence On X To Launch Muse Spark 1.1

Mark Zuckerberg returned to X for the first time since 2023 to unveil Muse Spark 1.1, Meta's new agentic AI model. The system tops OpenAI and Anthropic on tool-use benchmarks while its developer API costs roughly a quarter of the price.

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Walter Schulze · Jul 11, 2026 · 2:35 AM

Apple Sues OpenAI Over Claims It Stole Trade Secrets For Hardware

Apple filed suit against OpenAI on Friday in federal court in Northern California, accusing the AI lab and two ex-Apple employees, including its own chief hardware officer, of stealing trade secrets to build consumer hardware. The complaint details interview show and tell sessions, a misappropriated metal finishing technique, and a former engineer accused of downloading confidential files after he left.

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Walter Schulze · Jul 10, 2026 · 6:31 AM

Anthropic Resets Claude Code Usage Limits Again After a Rough Week of Outages

Anthropic quietly reset Claude Code's 5-hour and weekly usage limits for every user on July 10, the latest in a string of resets following a rough stretch of outages. The wipe lands just three days before a temporary 50% weekly limit boost, widely read as a response to OpenAI's Codex, is set to expire.

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