Fusion’s best-funded bet raised another $1bn, and hired the banker who took Moderna public

The AI boom needs colossal amounts of electricity. That has turned fusion, forever mocked as “30 years away,” into one of the hottest bets in tech. The best-funded player just raised another $1 billion. Commonwealth Fusion Systems, based in Massachusetts, said the round takes its total to $4 billion, roughly 30% of all the money […] This story continues at The Next Web

This story was reported by The Next Web. EUROPES curates Europe's most relevant coverage — read the full report at the original source.

Read full coverage at The Next Web →

Fusion’s best-funded bet raised another $1bn, and hired the banker who took Moderna public

More from Tech & Startups

Siri AI could come with a paywall for power users

The Real AI Advantage Begins When Entrepreneurs Stop Limiting Their Own Potential

GM is building its own in-vehicle AI assistant because Google’s Gemini cannot access what the car knows

GM and Ford scale back EV rhetoric amid US policy shift

Samsung warns RAM shortage to last until 2028, driving up consumer tech prices

SpaceX won’t remove all of xAI’s unpermitted turbines for another year