The AI chip boom just produced its biggest Wall Street moment yet. SK Hynix, a South Korean memory chip giant, said Friday it has raised $26.5 billion in its US market debut, the largest-ever US debut by a non-American company, topping Alibaba’s $25 billion IPO in 2014. Now SK Hynix and Samsung are being asked to build US factories.
SK Hynix raises $26.5 billion in largest foreign IPO in US history.
AI drug discovery startup Converge Bio has raised $25 million in a Series A round led by Bessemer Venture Partners, with participation from TLV Partners, Saras Capital, Vintage Investment Partners, and executives from Meta, OpenAI, and Wiz. The company uses generative AI trained on molecular data to accelerate drug development for pharma and biotech firms.
Converge Bio raised $25M Series A led by Bessemer Venture Partners, with backing from executives at Meta, OpenAI, and Wiz.
The Boston- and Tel Aviv-based startup uses generative AI on DNA, RNA, and protein sequences to speed up drug discovery workflows.
Two former Harvard students are launching smart glasses with an always-on microphone that records and transcribes conversations, displaying real-time info. Priced at $249, the Halo X glasses raise privacy concerns due to no indicator light. The startup has raised $1M.
Former Harvard students launch Halo X smart glasses with always-on recording and AI transcription.
Glasses provide real-time information and memory assistance, priced at $249.
Cloudflare published research alleging that AI startup Perplexity is ignoring robots.txt blocks and using deceptive methods to scrape content. Perplexity denies the claims.
Cloudflare found Perplexity bypassing robots.txt restrictions by using generic browser user-agents.
Perplexity is accused of changing user agents and ASNs to evade detection.
American streets are incredibly dangerous for pedestrians. A San Carlos, California-based startup called Obvio thinks it can change that by installing cameras at stop signs — a solution the founders also say won’t create a panopticon. The company has raised a $22M Series A led by Bain Capital Ventures to expand beyond its first five cities in Maryland.
Obvio’s AI-powered cameras at stop signs detect severe violations like running red lights and speeding. Footage is processed locally; only violation clips are shared. Non-violation data is deleted after 12 hours.
The startup gives cameras to municipalities for free and makes money from citation revenue sharing. Founders emphasize community trust and deterrence over profit.