Endurance Energy raises $54m to tap geothermal power beneath the ocean floor
Seattle-based clean energy startup Endurance Energy has raised $54 million in a Series A funding round to pioneer a completely untapped frontier in renewable energy: harvesting geothermal power from the ocean floor. The funding round was led by Peter Thiel’s Founders Fund, alongside significant investments from Felicis, Voyager Ventures, Riot Ventures, and Construct Capital. Returning seed backers Point72 Ventures, First Round Capital, and Ascend also participated. Endurance
Tech company under scrutiny over alleged use of pokémon go data to train military drone navigation systems
A growing controversy has emerged after reports suggested that data generated by players of Pokémon Go may have been used to train AI systems capable of supporting navigation in military drone operations. The claims have raised fresh concerns about how consumer-generated location data can be repurposed for defense technologies without users fully understanding the downstream use of their information. Editorial credit: KeongDaGreat / Shutterstock From Mobile Game to 3D Mapping
EU introduces Cloud and AI Development Act (CADA) in major sovereignty push
The European Commission has introduced a sweeping legislative proposal called the Cloud and AI Development Act (CADA), marking the continent’s most aggressive regulatory push yet to dismantle its reliance on foreign technology giants and secure independent digital infrastructure. Unveiled by European Commission President Ursula von der Leyen, CADA marks a major shift in Brussels' digital strategy. Editorial credit: Henry Franklin / Shutterstock While previous legislation like
Canada introduces Bill to ban social media for under-16s and regulate AI chatbots
Canada has introduced sweeping new digital safety legislation that would prohibit children under 16 from creating social media accounts and impose new safety obligations on AI chatbot services. The proposed law, known as the Safe Social Media Act (Bill C-34), is part of a broader effort to address rising concerns about online harms affecting young people. Editorial credit: Thrive Studios ID / Shutterstock Under the proposed legislation, individuals under the age of 16 would b
SpaceX completes world's largest IPO as Elon Musk becomes world's first trillionaire
SpaceX has made history with the largest initial public offering (IPO) ever recorded, raising approximately $75 billion and debuting at a valuation exceeding $2 trillion. The landmark listing has propelled CEO Elon Musk into uncharted financial territory, making him the world's first trillionaire on paper. Editorial credit: Skyloom Production / Shutterstock Record-breaking debut shakes Wall Street SpaceX began trading on the Nasdaq on June 12, with shares opening at $150, wel
