💰 VC Brief

🎯 Amazon acquires AI wearable Bee; xAI and OpenAI expand compute; Dispatch Bio raises $216M Series A.

🔸 Amazon $AMZN acquires AI wearable startup Bee, integrating its $50 AI bracelet and team into Amazon's devices unit.

Read more: 🧵

AI-powered, unbiased news personalized for you. From politics to tech, our diverse coverage keeps you informed on what matters. Download now for free.

🔸 Dispatch Bio raises $216M Series A to develop universal solid-tumor immunotherapy, backed by Arch Venture, Parker Institute, and pharma partners.
🔸 OpenAI and SoftBank scale back the $500B Stargate AI data center project; OpenAI secures $30B/year Oracle $ORCL chip supply and Crusoe expands cloud infrastructure.

🔸 Proton launches Lumo, an encrypted AI chatbot using open-source models, with a $12.99/month premium tier.
🔸 Moonshot and Alibaba launch advanced open-source agentic AI models (Kimi K2, Qwen3-Coder), targeting coding and large context applications.

🔸 Amazon $AMZN shutters its Shanghai AI research lab, joining IBM $IBM and Microsoft $MSFT in reducing China R&D amid U.S.–China tensions.
🔸 Sony $SONY considers selling its cellular chipset unit (valued near $300M), shifting focus to entertainment and asset-light chip strategies.

🔸 xAI installs 110,000 Nvidia $NVDA GPUs at its Memphis Colossus 2 campus, targeting 550,000+ chips and $12B in debt financing.
🔸 Trump administration releases AI Action Plan to loosen federal oversight, promote open-source models, and accelerate AI infrastructure.