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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.

Crypto

CleanCore sells 463 million Dogecoin, shifts to AI data centres

CleanCore Solutions·ZONE has abandoned its Dogecoin holding strategy and shifted its business focus to investment in AI data centres. It sold all 463 million Dogecoin on July 20 to secure $33.4 million and wound down its ozone-based cleaning products manufacturing business. It also raised $100 million via common stock and warrant offerings, expanding shares outstanding to 502.1 million. Funds will go to new U.S. data centres in West Texas and Minnesota.

AI & Enterprise

Anthropic, OpenAI face different challenges ahead of trillion-dollar IPOs

As a race for trillion-dollar IPOs in the AI industry gathers pace, Anthropic and OpenAI are preparing to list while facing different challenges. Anthropic must persuade investors to accept its valuation based on revenue it has yet to earn in 2028. OpenAI, by contrast, is grappling with leadership uncertainty after a series of executive departures. Both companies are targeting valuations close to $1 trillion.