Tolan raises $30 million for AI companion app
Union Square Ventures, Khosla Ventures and Homebrew participated in the round, which doubled the startup’s total funding, according to a media report.
Globe And Street: global business and finance news
Tech
AWS releases TorchNeuron to move PyTorch AI apps onto Trainium
Amazon says the tool needs only a configuration change and plans to contribute changes that make PyTorch less dependent on specific chips.
IPO & Deals
Town raises $108 million in Series B at unicorn valuation
Forerunner Ventures and Menlo Ventures co-led the round, which comes four months after the workplace AI assistant startup's public launch.
- WorldQatar to unveil defense partnership as minister warns energy crisis has not peaked
- MarketsUS chip stocks rebound after semiconductor index loses more than 11%
- Economy & PolicyTrump waives Russia sanctions as US and India pursue trade deal
- CompaniesNetflix film chief Dan Lin to leave in second senior exit
- IPO & DealsTolan raises $30 million for AI companion app
- Energy & CommoditiesAmazon backs proposed 960-megawatt nuclear plant in Indiana
- Crypto & Digital AssetsCrypto chip-stock contracts see nearly $52 million in liquidations
- FinanceNorway panel proposes letting wealth fund invest in nuclear arms makers
- TechAWS releases TorchNeuron to move PyTorch AI apps onto Trainium
Qatar to unveil defense partnership as minister warns energy crisis has not peaked
The planned cooperation would cover ballistic missiles, drones, cyberattacks and water security, while Qatar also prepares a defense production hub.
US chip stocks rebound after semiconductor index loses more than 11%
The Philadelphia semiconductor index rose 2.8% on October 19, putting it on track to end an eight-session decline.
Trump waives Russia sanctions as US and India pursue trade deal
Indian goods had faced potential tariffs of up to 100%. Secretary of State Marco Rubio said trade negotiations influenced the waiver decision.
Musk pledges SpaceX shares worth about $10.66 billion to US children
The pledge follows Anthropic’s proposal to put 5% of its shares into a company-owned public benefit fund, pending shareholder approval.
DXC discusses $2.4 billion insurance business sale to Eldridge
Eldridge is considering a combination with its Zinnia platform, but an agreement remains uncertain, people familiar with the discussions said.
Amazon backs proposed 960-megawatt nuclear plant in Indiana
American Electric Power would operate the project, which would use 12 X-energy reactors and supply the public grid as well as Amazon data centers.
Crypto chip-stock contracts see nearly $52 million in liquidations
Bullish positions accounted for about $38 million as selling moved from Binance to Hyperliquid while Wall Street was closed.
Norway panel proposes letting wealth fund invest in nuclear arms makers
The proposed exemption would cover manufacturers in nuclear-weapon states recognized under the NPT that are also Norway’s NATO allies.
S&P warns big tech's AI liabilities may exceed disclosed amounts
The ratings agency forecasts more than $7 trillion in AI-related capital spending by six U.S. hyperscalers between 2025 and 2030.