FUNDRAISING ANNOUNCEMENTS

• TerraFirma raises $115M to build robotic construction company — starting with Tupperware robots demolishing buildings in Texas
• Greylock closes $1.5B Fund XVIII, backs ex-Palo Alto Networks founder's new cybersecurity startup SciLake with $36M opening check
• Chai Discovery raises $400M at $3.8B valuation to bring AI-designed drug molecules to Eli Lilly, Novartis, and Pfizer
• State Affairs raises $70M from Founders Fund and Coastline to build a Bloomberg for state and federal policy intelligence

GUEST INTERVIEWS

• Dylan Byers breaks down the Paramount-WBD merger fight: why California AG Rob Bonta's case is 'archaic' and the threat to leave Hollywood
• Reflection AI signs $1B compute deal with Nebius to train frontier open models, valued at $8B
• Cipher Digital: ex-Bitcoin miner building 4.2 gigawatts of AI data centers in West Texas with hyperscaler leases and high-yield debt

NEWS

• IBM stock drops 25% in worst single-day fall in 115-year history as customers shift budgets to AI hardware
• Demis Hassabis calls for US-led frontier AI standards body with 30-day pre-release model testing
• New York governor signs one-year moratorium on AI data centers over 50 megawatts