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Industry

UNC endowment annual return tops 30 percent as pre-IPO SpaceX bet pays off

The University of North Carolina endowment posted an annual return of more than 30 percent through June, with an early investment in SpaceX cited as a key driver. The stake reportedly grew to about 10 percent of the fund before any listing. Former UNC-Chapel Hill chancellor Holden Thorp, who once opposed the bet, later acknowledged he was wrong. Similar rebounds in private tech holdings are also being cited at other U.S. university endowments.

AI & Enterprise

Dunamu & Partners joins seed round for UK AI inference optimisation startup Callosum

Dunamu & Partners, the investment arm of Dunamu, said on Monday it invested $5 million in a funding round by UK AI inference optimisation company Callosum. The round totalled $100 million and was led by European venture capital firm Atomico, with participation from Plural, DCVC and the UK government’s UK Sovereign AI fund. Callosum was founded in 2024 by former Cambridge University neuroscientists Danyal Akarca and Jascha Achterberg.

Industry

FLIT unveils 13.3-kg ultralight folding e-bike M2i, lighter and half the price of Brompton

UK folding e-bike maker FLIT unveiled its new M2i model weighing 13.3 kg, trimming weight while keeping a folding design and riding convenience. The M2i is about 500 grams lighter than Brompton’s Electric T Line and is priced at 2,999 pounds, far below Brompton’s 5,799 pounds. FLIT said it reduced weight through a custom aluminium frame and structural adhesive process, plus lighter components, while retaining practical features for commuting and public transport.