Starcloud Raised $170M to Move AI Compute Into Orbit. The Bitcoin Miner Is Not the Weirdest Part.
AI ate the power grid. Now a Seattle startup wants to launch 88,000 satellites to fix it — and send a Bitcoin miner along for the ride.
Startups
SoftBank Borrowed $40 Billion to Invest $30 Billion in OpenAI, and I Have So Many Questions
Masayoshi Son took out a $40B bridge loan to double down on AI. The bridge leads to an $850B valuation and a lot of faith.
A Startup Called XFX Is Fixing the Part of Crypto That Still Feels Like a Wire Transfer. Root for Them.
Three ex-Bitso founders raised $17 million to solve the foreign exchange problem they kept running into... at Bitso. The startup is called XFX. I find this extremely encouraging.