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How to measure the returns on R&D spending

Sure, it’s easy to argue for the importance of spending on science by pointing out that many of today’s most useful technologies had their origins in government-funded R&D. The internet, CRISPR, GPS—the list goes on and on. All true. But this argument ignores all the technologies that received millions in government funding and haven’t gone anywhere—at least not yet. We still don’t have DNA computers or molecular electronics. Never mind the favorite examples cited by contrarian politicians of se

Figure reaches $39B valuation in latest funding round

In Brief Humanoid robotics company Figure raised its largest round of funding yet, a sign of growing investor interest in robots designed to work alongside humans in warehouses, factories, and other settings. San Jose, California-based Figure announced on Tuesday that it raised a Series C funding round that values the company at $39 billion. The round, which “exceeded $1 billion,” said Figure, was led by Parkway Venture Capital with participation from Brookfield Asset Management, Nvidia, and I

Scientists: It’s do or die time for America’s primacy exploring the Solar System

Federal funding is about to run out for 19 active space missions studying Earth's climate, exploring the Solar System, and probing mysteries of the Universe. This year's budget expires at the end of this month, and Congress must act before October 1 to avert a government shutdown. If Congress passes a budget before then, it will most likely be in the form of a continuing resolution, an extension of this year's funding levels into the first few weeks or months of fiscal year 2026. The White Hou

Mistral raises 1.7B€, partners with ASML

We are announcing a Series C funding round of 1.7B€ at a 11.7B€ post-money valuation. This investment fuels our scientific research to keep pushing the frontier of AI to tackle the most critical and sophisticated technological challenges faced by strategic industries. The Series C funding round is led by leading semiconductor equipment manufacturer, ASML Holding NV (ASML). “ASML is proud to enter a strategic partnership with Mistral AI, and to be lead investor in this funding round. The collab

Mistral AI raises 1.7B€, enters strategic partnership with ASML

We are announcing a Series C funding round of 1.7B€ at a 11.7B€ post-money valuation. This investment fuels our scientific research to keep pushing the frontier of AI to tackle the most critical and sophisticated technological challenges faced by strategic industries. The Series C funding round is led by leading semiconductor equipment manufacturer, ASML Holding NV (ASML). “ASML is proud to enter a strategic partnership with Mistral AI, and to be lead investor in this funding round. The collab

Mistral AI raises €1.7B to accelerate technological progress with AI

We are announcing a Series C funding round of 1.7B€ at a 11.7B€ post-money valuation. This investment fuels our scientific research to keep pushing the frontier of AI to tackle the most critical and sophisticated technological challenges faced by strategic industries. The Series C funding round is led by leading semiconductor equipment manufacturer, ASML Holding NV (ASML). “ASML is proud to enter a strategic partnership with Mistral AI, and to be lead investor in this funding round. The collab

How Trump’s policies are affecting early-career scientists—in their own words

Looking ahead, an academic at a public university in Texas, where the money granted for indirect costs funds student salaries, said he plans to hire fewer students for his own lab. “It’s very sad that I cannot promise [positions] at this point because of this,” he told us, adding that the cap could also affect the competitiveness of public universities in Texas, since schools elsewhere may fund their student researchers differently. At the same time, two people with funding through the Defense

How Anthropic's enterprise dominance fueled its monster $183B valuation

PM Images/DigitalVision via Getty Follow ZDNET: Add us as a preferred source on Google. ZDNET's key takeaways Anthropic is valued at $183 billion after a new funding round. The company currently serves over 300,000 enterprise customers. A marketing emphasis on safety could be a major driving factor. Anthropic is soaring, and the popularity of its tools among enterprise clients is providing much of the lift. The AI start-up announced on Tuesday that its latest funding round raised $13 bill

The US government is taking a 10 percent stake in Intel

President Donald Trump says the US government is taking a 10 percent stake in chip maker Intel. Trump shared the news during a press conference on Friday, though an official announcement is still forthcoming, Reuters reports. News of a plan to convert Intel's previously promised CHIPS Act funding into equity in the company was first reported earlier in August. A meeting between Intel CEO Lip-Bu Tan and Trump following the President's call for Tan to resign seems to be the source of the deal. "H

Deeply divided Supreme Court lets NIH grant terminations continue

Shortly after the Trump Administration took office, it started cancelling grants for things it had disagreements with: funding for pandemic preparation, efforts to diversify the scientific workforce, those that targeted minority health issues, and more. These terminations were challenged in court, and a consolidate case was heard in the District of Massachusetts, pitting the government against individual researchers, organizations that represent them, and states that host research institutions.

Nvidia, Bill Gates-backed robotics startup Field AI hits $2 billion valuation after recent raise

Bill Gates-backed Robotics startup Field AI has raised $405 million in two funding rounds, with investments from Nvidia 's venture capital arm and Amazon founder Jeff Bezos' family office. The funding comes during an "aha moment," founder and CEO Ali Agha told CNBC, as software and hardware reach an inflection point. "We are growing," he said. "This funding announcement is to respond to the customer demand." The latest round values the two-year-old startup at $2 billion, according to a person

Trump's Anti-Science Agenda Is Massively Hampering His Plans for AI, Experts Warn

President Donald Trump's cost-cutting measures to decrease the federal budget have already been backfiring. Federal workers are being fired and rehired. Elon Musk's so-called Department of Government Efficiency has been deemed an utter failure as well. And now, the United States' lead in AI technologies and Trump's own policy proposal to boost AI are under threat due to Trump's anti-science agenda, The Guardian reports. Last month, the Trump administration released its "AI Action Plan," a poli

Trump administration stops illegal freeze of $5B EV charger funds after losing in court

The Trump administration has finally issued new guidance that states can use to dole out $5 billion in funding for electric vehicle charging infrastructure, after spending months withholding the money. A coalition of states sued over the funding freeze in the National Electric Vehicle Infrastructure (NEVI) program, which was one of the administration’s many attempts to stop funding appropriated by Congress at the start of Donald Trump’s second term. A judge ruled in June that those states were

Trump admin stops illegal freeze of $5B EV charger funds after losing in court

The Trump administration has finally issued new guidance that states can use to dole out $5 billion in funding for electric vehicle charging infrastructure, after spending months withholding the money. A coalition of states sued over the funding freeze in the National Electric Vehicle Infrastructure (NEVI) program, which was one of the administration’s many attempts to stop funding appropriated by Congress at the start of Donald Trump’s second term. A judge ruled in June that those states were

New executive order puts all grants under political control

On Thursday, the Trump administration issued an executive order asserting political control over grant funding, including all federally supported research. The order requires that any announcement of funding opportunities be reviewed by the head of the agency or someone they designate, which means a political appointee will have the ultimate say over what areas of science the US funds. Individual grants will also require clearance from a political appointee and "must, where applicable, demonstra

New executive order puts all grants under political control

On Thursday, the Trump administration issued an executive order asserting political control over grant funding, including all federally supported research. The order requires that any announcement of funding opportunities be reviewed by the head of the agency or someone they designate, which means a political appointee will have the ultimate say over what areas of science the US funds. Individual grants will also require clearance from a political appointee and "must, where applicable, demonstra

RIP Corporation for Public Broadcasting: 1967–2026

Despite the protests of millions of Americans, the Corporation for Public Broadcasting (CPB) announced it will be winding down its operations after the White House deemed NPR and PBS a "grift" and pushed for a Senate vote that eliminated its entire budget. The vote rescinded $1.1 billion that Congress had allocated to CPB to fund public broadcasting for fiscal years 2026 and 2027. In a press release, CPB explained that the cuts "excluded funding for CPB for the first time in more than five deca

The Corporation for Public Broadcasting Is Shutting Down

The Corporation for Public Broadcasting will start winding down operations, purging most of its staff by Sept. 30, according to a press release, after nearly 60 years in operation delivering public media in the United States. The news comes after Republicans, led by President Donald Trump, stripped the non-profit company of its funding over claims of bias against conservatives. CPB President and CEO Patricia Harrison says that a small transition team will be in place through Jan. 2026 to make s

Corporation for Public Broadcasting ceasing operations

WASHINGTON, D.C. (August 1, 2025) – The Corporation for Public Broadcasting (CPB) announced today that it will begin an orderly wind-down of its operations following the passage of a federal rescissions package and the release of the Senate Appropriations Committee’s FY 2026 Labor, Health and Human Services, Education, and Related Agencies (Labor-H) appropriations bill, which excludes funding for CPB for the first time in more than five decades. For nearly 60 years, CPB has carried out its Cong

How founders are ditching VC norms and finding capital on their own terms at TechCrunch Disrupt 2025

At TechCrunch Disrupt 2025, happening October 27–29 at Moscone West in San Francisco, a candid conversation is coming to the Builder Stage — one that unpacks what startup funding looks like beyond the venture capital echo chamber. Funding routes that don’t start in the Valley Founders today have more capital paths than ever. But how do you navigate them — and know which one actually supports your growth? In this session, hear from Erik Allebest, the CEO and co-founder of chess.com; Gale Wilkin

$15 billion in NIH funding frozen, then thawed Tuesday in ongoing power war

Amid the Trump administration's ongoing efforts to wrest the power of the purse from Congress, an estimated $15 billion allotted by lawmakers to fund life-saving biomedical research via the National Institutes of Health was temporarily frozen and then said to be released Tuesday. According to reporting by The Wall Street Journal, the initial decision to withhold the funding came from Russell Vought, the director of the Office of Management and Budget for the Trump administration and Project 202

Anthropic in talks to raise fresh capital at $170 billion valuation

Anthropic is in talks to raise between $3 billion and $5 billion in a funding round led by Iconiq Capital that would value the artificial intelligence startup at $170 billion, CNBC has confirmed. The OpenAI competitor has been reeling in billions of dollars at a rapidly increasing valuation reflecting investors' thirst for a piece in the fastest growing AI companies. In March, Anthropic closed a $3.5 billion round at a $61.5 billion, led by Lightspeed Venture Partners. Bloomberg was first to r

We Need a European Sovereign Tech Fund

Open source software is open digital infrastructure that our economies and societies rely on. Nevertheless, open source maintenance continues to be underfunded, especially when compared to physical infrastructure like roads or bridges. So we ask: how can the public sector better support open source maintenance? As part of our efforts to support developers, GitHub’s developer policy team has commissioned a study from Open Forum Europe, Fraunhofer ISI and the European University Institute that ex

Defense manufacturing startup Hadrian closes $260 million funding round led by Peter Thiel's Founders Fund

Defense manufacturing startup Hadrian on Thursday announced the closing of $260 million Series C funding round led by Peter Thiel's Founders Fund and Lux Capital. The machine parts company said it will use the funding to build a new 270,000 square foot factory in Mesa, Arizona, and expand its Torrance, California, location as it looks to beef up its shipbuilding and naval defense capabilities. "What we really need in this country is this quantum leap above China's manufacturing model," said CE

Senate votes to kill entire public broadcasting budget in blow to NPR and PBS

The US Senate voted to rescind two years' worth of funding from the Corporation for Public Broadcasting (CPB), delivering a blow to public radio and television stations around the country. The CPB is a publicly funded nonprofit corporation that supports NPR and PBS stations. The 51-48 vote today on President Trump's rescissions package would eliminate $1.1 billion that was allocated to public broadcasting for fiscal years 2026 and 2027. All 51 yes votes came from Republicans, while Sens. Susan

Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO, and more

In Brief Substack announced on Thursday that it has raised $100 million in Series C funding led by investors at BOND and The Chernin Group (TCG). The round included participation from Andreessen Horowitz; Rich Paul, CEO and founder of Klutch Sports Group; and Jens Grede, CEO and co-founder of Skims. The New York Times reports that the funding brings Substack’s valuation to $1.1 billion, almost 70% higher than its 2021 valuation of $650 million. Founded in 2017, Substack has gained popularity

Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO and more

In Brief Substack announced on Thursday that it has raised $100 million in Series C funding led by investors at BOND and The Chernin Group (TCG). The round included participation from Andreessen Horowitz, Rich Paul, CEO and founder of Klutch Sports Group, and Jens Grede, CEO and co-founder of Skims. The New York Times reports that the funding brings Substack’s valuation to $1.1 billion, almost 70% higher than its 2021 valuation of $650 million. Founded in 2017, Substack has gained popularity

Senate removes ban on state AI regulations from Trump's tax bill

Jarmo Piironen/Getty Images Until now, the Trump administration's tax bill -- also called its "big, beautiful bill," which passed in the Senate on Tuesday -- included a rule that would prevent states from enforcing their own AI legislation for five years, and would withhold up to $500 million in funding for AI infrastructure if states don't comply. On Tuesday, a day into a "vote-o-rama" that began Monday in an effort to pass Trump's tax bill before the July 4 holiday, the Senate voted 99 to on

14 Million People Could Die in Next 5 Years Due to USAID Cuts, Study Finds

Elon Musk’s wood-chipping of the United States Agency for International Development (USAID) is poised to leave piles of bodies behind in its wake, a new study suggests. Scientists have calculated that recent funding cuts to USAID could lead to millions of preventable deaths worldwide over the next half-decade. An international group of researchers conducted the study, published Monday in the Lancet. They estimated that USAID funding in developing countries has helped save dozens of millions of

Trump's big, revised bill will slash AI funding for states that regulate AI

ANDREY DENISYUK/Getty The Trump administration's tax bill -- also called its "big, beautiful bill," which is facing a vote today -- includes a rule that would prevent states from enforcing their own AI legislation for five years, and would withhold up to $500 million in funding for AI infrastructure if states don't comply. Over the weekend, senators also added exemptions for state laws targeting unfair or deceptive practices and child sexual abuse material (CSAM). The initial version of the ru