reuters
The year of the 'hectocorn': the 100bn tech companies that could float in 2026
OpenAI could be valued at $1tn if it launches an initial public offering, Reuters said. OpenAI could be valued at $1tn if it launches an initial public offering, Reuters said. The year of the'hectocorn': the $100bn tech companies that could float in 2026 Y ou've probably heard of "unicorns" - technology startups valued at more than $1bn - but 2026 is shaping up to be the year of the " hectocorn ", with several US and European companies potentially floating on stock markets at valuations over $100bn (£75bn). OpenAI, Anthropic, SpaceX and Stripe are among the big names said to be considering an initial public offering (IPO) this year. The success of their flotations - whether the shares maintain their value, rise or fall - could shape concerns about the AI race and whether the resulting market mania is a bubble .
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The Download: Kenya's Great Carbon Valley, and the AI terms that were everywhere in 2025
The Download: Kenya's Great Carbon Valley, and the AI terms that were everywhere in 2025 Welcome to Kenya's Great Carbon Valley: a bold new gamble to fight climate change In June last year, startup Octavia Carbon began running a high-stakes test in the small town of Gilgil in south-central Kenya. It's harnessing some of the excess energy generated by vast clouds of steam under the Earth's surface to power prototypes of a machine that promises to remove carbon dioxide from the air in a manner that the company says is efficient, affordable, and--crucially--scalable. The company's long-term vision is undoubtedly ambitious--it wants to prove that direct air capture (DAC), as the process is known, can be a powerful tool to help the world keep temperatures from rising to ever more dangerous levels. But DAC is also a controversial technology, unproven at scale and wildly expensive to operate. On top of that, Kenya's Maasai people have plenty of reasons to distrust energy companies. This article is also part of the Big Story series: 's most important, ambitious reporting.
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OpenAI, Amazon sign 38bn AI deal
OpenAI has signed a new deal valued at $38bn with Amazon that will allow the artificial intelligence giant to run AI workloads across Amazon Web Services (AWS) cloud infrastructure. The seven-year deal announced on Monday is the first big AI push for the e-commerce giant after a restructuring last week. Experts say this does not mean that it will allow OpenAI to train its model on websites hosted by AWS - which includes the websites of The New York Times, Reddit and United Airlines. "Running OpenAI training inside AWS doesn't change their ability to scrape content from AWS-hosted websites [which they could already do for anything publicly readable]. This is strictly speaking about the economics of rent vs buy for GPU [graphics processing unit] capacity," Joshua McKenty, CEO of the AI detection company PolyguardAI, told Al Jazeera. The deal is also a major vote of confidence for the e-commerce giant's cloud unit, AWS, which some investors feared had fallen behind rivals Microsoft and Google in the artificial intelligence (AI) race.
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US Dept of Energy partners with AMD to build two supercomputers: Report
The United States has formed a $1bn partnership with Advanced Micro Devices (AMD) to construct two supercomputers that will tackle large scientific problems ranging from nuclear power to cancer treatments to national security. The Reuters news agency first reported the new partnership, citing Energy Secretary Chris Wright and AMD CEO Lisa Su. The machines can accelerate the process of making scientific discoveries in areas the US is focused on. Energy Secretary Wright said the systems would "supercharge" advances in nuclear power and fusion energy, technologies for defence and national security, and the development of drugs. Scientists and companies are trying to replicate fusion, the reaction that fuels the sun, by jamming light atoms in a plasma gas under intense heat and pressure to release massive amounts of energy.
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The Download: introducing the 10 climate tech companies to watch for 2025
Every year, the newsroom produces a list of some of the most promising climate tech firms on the planet. It's an exercise that we hope brings positive attention to companies working to decarbonize major sectors of the economy, whether by spinning up new, cleaner sources of energy or reinventing how we produce foods and distribute goods. Though the political and funding landscape has shifted dramatically in the US since last year, nothing has altered the urgency of the climate dangers the world now faces--we need to rapidly curb greenhouse gas emissions to avoid the most catastrophic impacts of climate change. This project highlights the firms making progress toward that end. Check out the third annual edition of the list, and learn more about why we selected these companies . It's a foregone conclusion that the world will not meet the goals for limiting emissions and global warming laid out in the 2015 Paris Agreement.
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The Download: RIP EV tax credits, and OpenAI's new valuation
EV tax credits are dead in the US. Federal EV tax credits in the US officially came to an end yesterday. Those credits, expanded and extended in the 2022 Inflation Reduction Act, gave drivers up to $7,500 toward the purchase of a new electric vehicle. They've been a major force in cutting the up-front costs of EVs, pushing more people toward purchasing them and giving automakers confidence that demand would be strong. The tax credits' demise comes at a time when battery-electric vehicles still make up a small percentage of new vehicle sales in the country. This article is from The Spark, MIT Technology Review's weekly climate newsletter.
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