Enveda, a biotech startup that uses AI to discover new drugs from the natural world, has raised a $311 million Series E at a $2 billion valuation. The round was led by Catalio Capital Management, with participation from Iconiq and other investors, and doubles the valuation the company reached 12 months ago. Founded in 2019…

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Insider Brief Archer Aviation’s planned acquisition of Boeing’s Wisk Aero, SkyGrid and Insitu subsidiaries cleared the Hart-Scott-Rodino waiting period, advancing a deal aimed at building a broader physical AI platform for aerospace and defense. Archer plans to combine its ZEE AI platform and aircraft technologies with Wisk’s autonomous flight systems, SkyGrid’s airspace-management software and Insitu’s…

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Meta used its annual Connect conference in Menlo Park to position Muse, its personal AI agent launched in early September, as the centerpiece of its consumer AI strategy. CEO Mark Zuckerberg said he expects Muse to grow into a personal superintelligence used by billions of people, adding that Meta is making it free for a…

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AI vibe-coding platform Lovable has surpassed $600 million in annual run-rate revenue, co-founder Fabian Hedin said at the HumanX summit in Amsterdam on Thursday, up from around $500 million reported in June. Hedin said the company has concentrated on expanding its enterprise business, and that people at two-thirds of Fortune 500 companies now use the…

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Read Online | Sign Up | Advertise Good morning, {{ first_name | AI enthusiasts }}, and welcome to the 4,981 new readers who joined us yesterday. Meta’s viral Muse and its adorable mascot are everywhere right now, and they’re about to show up in two new places — on your face and in your hand.…

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Zurich dominates this list, home to six of the ten companies, spanning machine vision, robotics, computer vision, and Web3 infrastructure. Zug’s crypto and trust-tech scene contributes two more, while Ticino and the wider Swiss deep-tech tradition round things out with microelectronics inspection and enterprise AI infrastructure. From weather forecasting for energy trading to physical AI…

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Guest Post by Audrey Campbell, MPH, founder of The Audrey Aesthetic Enterprise AI is having its reckoning. After two years of pilots and record spending, the returns are hard to find. MIT researchers who studied hundreds of enterprise deployments concluded that 95 percent of generative-AI pilots had produced no measurable profit-and-loss impact. Deloitte surveyed more…

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Anthropic has announced that its Bay Area wet biology lab, confirmed last week, has made what the company believes is a significant discovery: a previously unknown enzyme system hidden in the DNA of bacteriophages, with properties reminiscent of CRISPR. According to Anthropic’s researchers, the system can perform operations such as cutting, copying and pasting DNA. CEO Dario…

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Insider Brief Amazon plans to invest more than $100 million in a 585,000-square-foot advanced manufacturing facility in Greenwood, Ind., to produce equipment for its North American fulfillment and robotics network. The facility is expected to open by 2028, create 300 manufacturing and engineering jobs averaging nearly $100,000 a year, and use robotic welding, automated coating,…

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London-based Basecamp Research has raised an oversubscribed $140 million Series C led by S32, with participation from NVIDIA, Menlo Ventures’ Anthology Fund, NATO Innovation Fund, The Rockefeller Foundation, True Ventures and others. The funding will train a new generation of its EDEN biological foundation models and move a pipeline of AI-designed medicines toward clinical development.…

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