Good Evening!
The tech move to South Florida isn’t over yet.
Here are the 7 things you missed today:
1. 🕶️ Apple is Developing a Trio of AI Wearables
Apple is reportedly developing three new AI-powered wearable devices including an AI pendant, upgraded smart glasses, and AI-enhanced AirPods, all designed to work tightly with the iPhone and Siri. The glasses could arrive as soon as 2027, in a bid to keep pace with Meta, Snap and other AI-hardware rivals. (TechCrunch)
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3. 💰 Thrive Capital Raised $10Bn in its Largest Fund Yet
Venture firm Thrive Capital announced its largest fund yet at $10 billion, nearly double the size of its last fund. About $1B will go to early-stage startups, the rest to growth bets including some of its biggest winners like Stripe and SpaceX (and lots of AI interest). (TechCrunch)
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5. 🤝 Meta Expanded its Massive Nvidia Deal
Meta and Nvidia struck a multiyear deal for Nvidia to supply millions of AI chips, including Blackwell GPUs and new CPUs, to power Meta’s massive data center and AI infrastructure buildout. Financial terms were not disclosed, but Meta CEO Mark Zuckerberg said that the expanded partnership continues Meta’s push “to deliver personal superintelligence to everyone in the world.” (CNBC)
6. 🚚 Palantir is Moving its HQ to Miami
Goodbye, Colorado. Software analytics firm Palantir is moving its headquarters from Denver to Miami, joining a trend of tech companies relocating to Florida for tax-friendly business conditions and warmer weather. The company, which was founded in Palo Alto, CA in 2003, moved to Denver in 2020. (CNBC)
7. ☁️ Cloud Startup Render Raised $100M at $1.5Bn Valuation
Looks like smooth skies ahead for Render. The cloud infrastructure startup raised an additional $100 million in funding, lifting its valuation to $1.5 billion. The capital will help it scale its platform used by millions of developers and companies building AI-native apps. (CNBC)
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