What’s Scaleup Europe, the $5.7B fund that just backed satellite company ICEYE?
Scaleup Europe, a public-private fund with a $5.7 billion target, made its first investment by backing Finnish satellite company ICEYE.
Government & Policy
Kyoto Fusioneering starts work on key fusion power plant device
Fusion power startups are turning to Kyoto Fusioneering to supply components for future power plants. The Japan-based startup just received a grant to build a part of the fuel system.
Google co-founder Sergey Brin has now spent $100 million to fight the billionaire tax
California’s Prop 40 would impose a one-time 5% tax on the net worth of the state’s billionaires.
Sila lands $1.4B Pentagon loan as militaries demand more batteries
Battery materials startup Sila will use a $1.4 billion loan from the U.S. Department of Defense to scale production at its factory in Washington State.
Historian Jill Lepore says Silicon Valley misreads science fiction and undermines democracy
On the latest episode of Equity, we spoke to Jill Lepore about “government by machines” and why Elon Musk is a bad science fiction reader.
Trump administration has spent nearly $4B to cancel offshore wind farms
The Trump administration has now convinced developers to abandon 12 offshore wind leases. The latest will cost taxpayers $1.2 billion.
Trump’s DOJ gains oversight of OpenAI’s green-card employee sponsorships
The DOJ alleged that OpenAI did not meaningful attempt to hire U.S. citizens before seeking permanent residence for Visa-holding employees.
Trump EPA wrongly canceled $20B in climate funds, appeals court rules
Climate nonprofits can again access their federal funding more than a year after the Trump EPA ordered Citibank to freeze their accounts.
India moves to give its instant payments network a business model
The legislation lays the groundwork for a potential overhaul of India’s zero-merchant-discount-rate regime, under which businesses have not paid fees to accept UPI payments since 2020.
Congress’s favorite AI tool? ChatGPT
House spending records show OpenAI’s ChatGPT dominates paid AI use on Capitol Hill, with congressional offices relying on the chatbot to draft memos, summarize legislation, and assist constituent communications.