Context: Proposed regulations would strengthen the Treasury's Outbound Investment Security Program to curb US investment in AI, chip and biotech deals in China and Russia.
From The Next Web: “The proposed regulations would strengthen the existing Outbound Investment Security Program to prevent our adversaries from using U.S. investment to develop critical technologies that threaten U.S. national security,” Treasury Secretary Scott Bessent said.
Tech stocks fell the most since 2020 as investors exited the AI trade after the election.
Seoul-based FuriosaAI, which makes AI inference chips, raised a Series D valuing it at about $2.9bn; South Korea's National Growth Fund put in $280m.
Firms such as Jane Street are investing in AI and chip startups and neoclouds, and some are building their own data centers.
Crunchbase says the week's largest financings went to AI processor maker Tenstorrent and AI lab Flapping Airplanes.
Mercor supplies human experts to train and evaluate AI models, drawing on a network of more than 5 million domain experts.
The range of $70 to $78 per share implies up to $1.404T fully diluted; SiliconANGLE puts the fundraising goal at $64B.
