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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.

Wed, Jul 1
Thu, Jul 2

FUNDRAISING ANNOUNCEMENTS

  • Together AI raises $800M Series B as open-source models hit enterprise-grade performance
  • Radical Ventures leads $100M Series B in Twelve Labs, bets on Anthropic becoming a pharma company by 2030
  • Baseten raises $1.5B Series F as open-source inference demand surges across every sector

GUEST INTERVIEWS

  • Flexjet CEO on F1 partnership, fleet expansion to 400 aircraft, and private aviation's tailwinds from commercial decline
  • Valar Atomics becomes first nuclear startup to generate electricity, smashing its July 4 deadline
  • Dean Ball joins OpenAI as AI nationalization debate intensifies and export controls signal government fear

NEWS

  • OpenAI in talks to give Trump administration a 5% equity stake in the company
  • Jersey Mike's files for IPO at $12B valuation after Blackstone acquisition
  • DOGE team digitizes federal retirement system, ending months-long paper backlog
  • SpaceX reportedly demoed an AI-powered phone prototype to IPO investors
  • Google must pay nearly $2B to Klarna after Swedish court antitrust ruling
  • Boston Dynamics IPO could value the robotics pioneer at up to $103B