Field notes, policy briefs, member stories, and updates from the NISI Fund. Updated regularly.
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DeepSeek is in talks to raise capital at over $20 billion, with Tencent and Alibaba both reportedly bidding to anchor the round.
A pair of April special-election wins gave PM Mark Carney a parliamentary majority and a mandate to restructure Canada's trade and energy posture.
Cursor's prospective $2B raise at a $50B valuation, less than six months after a $29B round, marks a structural shift in how enterprises buy developer tooling.
The new UK Sovereign AI Unit makes its first equity investment in Callosum and grants supercomputer access to six other British startups.
Revolut launched its in-app AI assistant AIR weeks after Starling and NatWest, formalising the UK as the first major market to operationalise consumer banking AI at scale.
Panama's top court voided CK Hutchison's port concessions and the BlackRock-led consortium is now restructuring its $22.8B global ports deal without the Panama assets.
London-based Wayve closed a $1.2B round at an $8.6B valuation, drawing in Nvidia, Uber, Microsoft, Mercedes, Nissan, Stellantis, and Ontario Teachers' Pension Plan.
Alibaba released Qwen 3.5 with aggressive open-weight and API pricing, sharpening the price competition between Chinese and US frontier model providers.
Toronto-based Cohere's enterprise revenue surge and CFO hire put a credible IPO on the table — and a test for Canada's appetite to retain a flagship AI exit.
Anthropic's $30 billion raise, the second-largest venture round on record, signals that frontier-AI capital is consolidating around two or three labs.