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Crypto

Nexthrus and Fasset to cooperate on stablecoin payment, settlement infrastructure

Nexthrus said it signed a strategic memorandum of understanding with Dubai-based digital finance firm Fasset to cooperate on stablecoin-based financial infrastructure at Korea Blockchain Week (KBW 2026) on Sept. 30. The companies will review cooperation on linking payment infrastructure, stablecoin settlement and co-branded digital financial products. They will pursue a joint proof of concept linking Nexthrus’ payments with Fasset’s fiat-to-crypto conversion infrastructure and form a quarterly task force to discuss AED- and won-linked stablecoin infrastructure.

AI & Enterprise

Physical AI chip startup SimaAI raises $150 million at $1.45 billion valuation

Physical AI chip startup SimaAI raised $150 million at a valuation of $1.45 billion, SiliconANGLE reported on Sept. 28. The company plans to use the funds to expand its development environment and develop a next-generation embedded AI compute platform. The Series C round was co-led by Fidelity Management & Research Co and Amplify, with participation from existing and new investors. SimaAI is developing semiconductors and software for physical AI hardware.

AI & Enterprise

Instinct personal AI agent startup raises $1 billion in Series C, valued at $10 billion

Personal AI agent startup Instinct raised $1 billion in a Series C round, SiliconANGLE reported on Sept. 28. Sequoia Capital, Benchmark Capital and Coatue participated, and the round valued the company at $10 billion. A month earlier, Instinct raised $250 million led by Index Ventures and Benchmark at a $2.5 billion valuation. The company, incorporated as Spear Street Technology, is developing an AI assistant for daily tasks and phone-based concierge services.