Spanish and Portuguese Firms Rush to Buy Battery Backups After Major Blackout

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Businesses in Spain and Portugal are investing in battery backup systems following a significant power outage that struck the region last year. The blackout exposed the vulnerability of companies dependent on a stable electricity supply. Firms are now prioritizing energy resilience to avoid operational disruptions in the event of future failures. The surge in demand for backup power solutions reflects growing concern among businesses about grid reliability.

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India's Ringg raises $10M from Peak XV in Series A extension for voice AI

Indian voice AI startup Ringg has secured $10 million in funding from Peak XV Partners as part of a Series A extension round. The company is focused on expanding its voice AI capabilities beyond traditional phone calls. The investment signals growing investor confidence in conversational AI solutions tailored for the Indian market. Peak XV's backing is expected to help Ringg scale its technology and broaden its product offerings.

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Generalist Robotics Hits $3B Valuation After $200M Funding Extension

Robotics startup Generalist has reached a $3 billion valuation, according to sources familiar with the matter. The company secured a $200 million funding extension to achieve this milestone. This latest round comes only a few months after Generalist had already hit a $2 billion valuation. The rapid back-to-back funding rounds highlight strong investor interest in the physical AI space.

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SpaceX Plans $100bn Louisiana Launch Facility Targeting 2029 Rocket Launches

Elon Musk's SpaceX has announced plans to construct a massive new launch facility in Louisiana, USA. The project, named Starbase, will become the company's largest facility to date. The development carries an estimated price tag of $100 billion. SpaceX aims to begin launching rockets from the site by 2029.

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OpenAI Loses Senior Data Center Executive Amid Ongoing Leadership Exits

OpenAI has lost another high-profile executive, this time a top data center leader named Malone, continuing a streak of notable departures from the company. Prior to his exit, OpenAI had already reorganized its infrastructure division, removing Malone from President Greg Brockman's reporting structure. The reshuffle placed Vice President Sachin Katti in charge of the infrastructure group. The departure adds to a growing pattern of senior talent leaving the AI company in recent months.

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