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US Series B funding rises but deal count falls

Crunchbase data shows roughly $48 billion has gone into US Series B-stage financings this year, a multiyear high, while round counts are below year-ago levels and heading for a multiyear low. About two-thirds of the money went to AI startups; rounds of $100 million or more made up roughly a quarter of deals, led by Prometheus at $12 billion.

Crunchbase News ·

AI data centers strain Arizona's water supply

TSMC's Phoenix chip fab, seen as an economic savior, uses nearly 5 million gallons of water daily from the city supply. New hyperscale data center proposals now demand more water, power and land than Arizonans are willing to give, drawing pushback from Phoenix to Tucson.

The Verge ·

ML engineer weighs quitting job to pursue PhD

A machine learning engineer with four years at a startup described work dominated by software development, DevOps and customer support rather than deep modeling, plus fatigue from agentic coding, and is considering leaving to pursue a PhD. He worries academia has worsened due to saturation and AI-generated slop, and has not decided.

r/MachineLearning ·

HKEX launches AI Index, Southern Asset Management authorized for ETF

HKEX launched its first AI-themed index, HKEX AI, covering four segments: AI chips, infrastructure, models, and applications. The index has 40 constituents, including SMIC, Alibaba, Tencent, and next-gen AI firms like Biren Technology, Zhipu AI, and MiniMax. HKEX authorized Southern Asset Management to launch an ETF tracking the index in mainland China. Constituents must meet R&D and capex thresholds of at least 3% of sales each and sales growth of at least 5% over two years; individual weights are capped at 10% (3% for applications), with quarterly rebalancing.

markets.businessinsider.com ·

Developer seeks help running BiRefNet on Qualcomm chips

A developer asked the community for help deploying the BiRefNet segmentation model on Qualcomm mobile GPUs and NPUs with sub-second latency. Compilation to the NPUs keeps failing, which the poster attributes to the model's deformable convolutions, and he asked whether others have succeeded.

r/MachineLearning ·

What Wall Street really thinks about the AI trade now

A Bloomberg podcast discusses Wall Street's current views on the AI trade, against the backdrop of market wobbles from headlines like Anthropic's S-1 and earnings from hyperscalers Oracle and Microsoft. Barclays global head of equities tactical strategies Alexander Altmann helps make sense of whether AI is immune to interest rates, historical precedents for AI capex, and the KOSPI-fication of the S&P 500.

Bloomberg ·

Air Liquide Q3 Revenue Grows on AI Demand

Air Liquide's third-quarter revenue rose to €7.3 billion ($8.1 billion), beating analysts' €7.1 billion estimate. Its electronics unit, which supplies ultra-pure specialty gases and advanced materials to semiconductor factories, saw comparable sales grow 12%, driven by AI-related demand.

Bloomberg ·
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