• Upscale, which is building AI networking infrastructure to rival Cisco, raised a $190M Series A-1 at a $2B valuation, up from $1B after raising $200M in January (Lily Mae Lazarus/Fortune)
• Nvidia unveils Halos, a new safety-focused OS derived from autonomous vehicle tech, designed to run on IGX Thor hardware for humanoid robots, and opens a lab (Ian King/Bloomberg)
• In a rare joint statement, Five Eyes leaders warn AI models capable of taking down governments and businesses are mere months away, urging leaders to "act now" (Sarah Basford Canales/The Guardian)
• Meta invests $900M into Indian fintech Cred for a ~20% stake, and plans to appoint Cred founder Kunal Shah as the leader of WhatsApp, replacing Will Cathcart (Kurt Wagner/Bloomberg)
• UK-based AI law firm Garfield, which received regulatory approval in 2025, wins a case in the English courts for the first time; the case focused on unpaid fees (Suzi Ring/Financial Times)
• NYC-based Prosper AI, whose health care AI tool is designed to answer patient phone calls, raised a $30M Series A led by a16z, for $35M in total funding (Brock E.W. Turner/Axios)
• Electric bike rental company Lime is seeking to raise up to $180.9M in its US IPO, offering 6.7M shares at $24 to $26 each, giving it an up to $1.7B valuation (Jordan Fitzgerald/Bloomberg)
• Chevron signs a 20-year deal with Microsoft to provide natural-gas power for a proposed West Texas data center, which could be one of the biggest in the US (Kevin Crowley/Bloomberg)
• Netherlands-based Nearfield Instruments, which makes atomic force microscopes to measure chip features, raised $380M led by Fidelity at a $1.6B valuation (Stephen Nellis/Reuters)
• JD.com founder Richard Liu says robots will replace the company's 700K delivery workers "sooner or later", and it will help retrain them in robot maintenance (Financial Times)
• Analysis: Taiwanese car display chip maker Himax, which makes driver integrated circuits for Ferrari, VW, and others, nets its founders a $1B combined net worth (Bloomberg)
• SK Hynix overtakes Samsung to become South Korea's most valuable company, closing up 5.6% for a ~$1.4T market cap; South Korea's Kospi index is up 117% YTD (Kimberley Kao/Wall Street Journal)
• Getty Images signs a licensing deal with OpenAI, letting its image library appear in ChatGPT's search and discovery features; GETY jumps 120%+ and is up 5%+ YTD (Mark Bergen/Bloomberg)
• Bain says it uses AI coding tools to recreate pieces of target companies' software, making hundreds of rough prototypes in recent years as part of due diligence (Ryan McMorrow/Financial Times)
• S&P and IBM: 22.4% of global cyberattacks in 2024 hit Japan, the most targeted country, as it tries to improve its legacy IT systems against AI-powered threats (Catherine Thorbecke/Bloomberg)
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