The Latent
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THE LATENT: Bitdeer's AI cloud backlog more than tripled to $2.9 billion in a month, but StoneX says the market still sees the company as a bitcoin miner with an "AI side project."
The firm maintained its Buy rating and $22 price target, implying roughly 200% upside from Bitdeer's current share price of $7.42. $BTDR
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THE LATENT: Tether has led a $15 million funding round for Mural, a payments infrastructure startup founded by former Palantir engineers that is expanding into AI agent payments.
Mural says its accounts support transactions by AI agents, with spending limits, approval controls, and audit trails.
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THE LATENT: AI chip startup Tenstorrent has raised $1.5 billion in Series E funding at a $6.2 billion post-money valuation, more than doubling its valuation from its previous round in December 2024.
Trace Capital and Innovation X led the round, with participation from investors including ARK Invest, Fidelity Management & Research Company, Morgan Stanley, SanDisk, Tether Investments, and Virtu Financial. Tenstorrent said the funding will support volume manufacturing and global expansion.
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THE LATENT: Nasdaq-listed OpenWorld has signed a merger agreement to acquire AI agent firm Blocksight. $OPNW
Blocksight's AI agents are expected to serve as the operating layer for OpenWorld's recently announced tokenized financing programs totaling over $1.1 billion.
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THE LATENT: Jay Clayton says President Trump has ordered "vigorous" enforcement against AI companies following the first White House superintelligence task force meeting.
Asked today on CNBC whether FTC investigations could block the release of new models, Clayton said, "Yes, absolutely."
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NEW: Some Anthropic investors are weighing a $1.5 trillion IPO valuation, down 25% from earlier expectations of $2 trillion, Reuters reported.
The reassessment follows a slowdown in quarterly revenue growth despite sales reaching $16.8 billion.
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