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Every weekday we send you summaries of the latest fundraises, interviews and tech news in Silicon Valley from TBPN — technology's daily show.

Fri, Jun 26
Mon, Jun 29

FUNDRAISING ANNOUNCEMENTS

  • General Intuition raises $320M, betting that a trillion action tokens from video games will crack robotics
  • Tracer emerges from stealth with $25M seed to build the first subterranean defense tech company
  • Sail Research raises to bring maximum inference efficiency to open-source models, starting with GLM-5.2
  • 22-year-old Jakob Diepenbrock closes $30M Fund II for Discipulus Ventures, backing El Segundo hardware founders before anyone else
  • Cadence raises $100M Series C after showing AI can prevent 20 strokes a week and save Medicare $2.7M per week

GUEST INTERVIEWS

  • National Design Studio launches Ramparts, a 15MB browser-native PII redaction model that runs entirely on-device
  • Chad Rigetti returns with Singletree, a quantum-accelerated AI server company targeting data center deployment
  • Engram emerges from stealth with continual learning AI that cuts inference costs by training models to know your world

NEWS

  • China's GLM-5.2 matches US frontier models in cybersecurity benchmarks, reigniting open-source AI debate
  • Google throttles Meta's Gemini access as AI compute demand outstrips supply
  • Micron joins the trillion-dollar club as AI memory prices quadruple in a year
  • Comcast to split into two companies, separating connectivity from media and entertainment
  • 8090 raises $135M Series A backed by Salesforce Ventures, WndrCo, Kraft, and Launch

COMMENTARY

  • GLM-5.2 technical review: strong on coding, token-hungry, and likely partially distilled