American venture capital firm focused on seed, early, and growth-stage deals across enterprise, fintech, consumer, and healthcare
This week has seen major moves in AI infrastructure financing and buildouts. SpaceX has released renderings for Terafab, a more-than-100-million-square-foot semiconductor factory it plans in Texas that it values at at least $16.8bn for the initial phase. Separately, Nvidia has been reported to be negotiating a $250bn guarantee to back OpenAI’s proposed 10-gigawatt Ohio data‑centre lease and construction debt.
The Times of Israel reports Team8 has secured a fresh funding round led by global investors, expanding its assets to nearly $2 billion. The third venture fund will invest in Israeli-founded AI startups across cybersecurity, software infrastructure, fintech and digital health, with additional dollars allocated to follow-on investments.
Rhodium Group finds Chinese frontier AI labs generate only a fraction of OpenAI and Anthropic revenue, challenging assumptions about scale. Z.ai and Moonshot are expanding ARR, while official rounds push for greater in-house sovereignty and AI-powered efficiency.
Covenant has announced Anthem, a ground-launched cruise missile capable of carrying a 200+ kg payload. With multiple production sites and a goal of 5,000 missiles per year, the program aims to lower costs while expanding long-range reach, including Indo-Pacific defense considerations.
A wave of new AI-focused funding signals a shift toward enterprise-ready solutions. BAG Ventures raises a new fund to back AI-native startups, Dorm Room Fund expands with a $50 million AI-aligned pool, and Ema secures growth funding to expand multi-agent workflows. Spellbook appoints a new CMO as the legal AI space grows. Together, these moves indicate a push toward integrated, outcome-driven AI in businesses.