Jagmeet Singh / TechCrunch : Uzbek fintech and e-commerce company Uzum raised $131.5M led by Oman's sovereign funds, with $81.5M equi...
Uzbek fintech and e-commerce company Uzum raised $131.5M led by Oman's sovereign funds, with $81.5M equity, at a $2.3B valuation, up from $1.5B in August 2025 — Uzbekistan fintech Uzum has reached a $2.3 billion valuation — about 53% higher than just seven months ago …
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How “dark factories”, powered by AI and robotics and requiring essentially no workers, are set to upend China's labor market, already stressed by tariffs — Workers who powered a tariff-defying boom tell a grim story of falling wages and vanishing jobs.
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How AI may disrupt venture capital, from making it easier and cheaper to start software companies, to agentic investors analyzing startup pitch decks and teams — VCs are betting that artificial intelligence will disrupt nearly every industry in the world. Are they prepared for it to disrupt their own?
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Yann LeCun's Advanced Machine Intelligence Labs raised a $1.03B seed at a $3.5B pre-money valuation to work on world models, in Europe's largest ever seed round — Meta's former chief artificial intelligence scientist Yann LeCun has raised more than $1bn for his new start-up in Europe's largest ever seed funding round.
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Sources: Apple made ~55M iPhones in India in 2025, up 53% YoY from 36M in 2024, ~25% of total iPhone production as it shifts away from China to avoid tariffs — Apple Inc. increased iPhone production in India by about 53% last year and now makes a quarter of its marquee devices there …
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Flipkart moves its headquarters back to India, more than a decade after it moved to Singapore, as it prepares for a potential IPO in India in the coming months — Indian e-commerce giant Flipkart has moved its headquarters back to India from Singapore as it prepares for a potential IPO in the coming months.
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Source: Spark Capital, the first VC firm to back Anthropic in 2023, is raising about $3B in new funds, 50% more than the size of funds it raised two years ago — Spark Capital, the first venture firm to back Anthropic, is in the process of raising about $3 billion in new funds …
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Dify, which offers an open-source platform to build and run AI applications and agentic workflows, raised a $30M pre-Series A led by HSG at a $180M valuation — Dify, a Menlo Park, CA-based provider of an open-source platform that helps teams build, deploy, and operate production-grade AI applications …
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xAI aims to build a natural gas power plant in Southaven, MS, to run its data centers; a key meeting with regulators is set on an election day ~200 miles away — With Elon Musk's xAI planning to build a massive, natural-gas burning power plant in Southaven, Mississippi …
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Sources: the White House is preparing an executive order formally instructing federal agencies to stop using Anthropic's AI tools — The White House is preparing an executive order formally instructing the federal government to rip out Anthropic's AI from its operations, sources familiar with the matter told Axios.
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