Oklo agrees to go public via SPAC, Arm targets $35B-$40B price range

Oklo, a nuclear fusion startup backed by Sam Altman, has agreed to go public via SPAC with AltC Acquisition Corp, which Altman co-founded; the deal values Oklo at $850M and will provide the startup with up to $500M in capital - Link

FT sources: Arm, the SoftBank-owned, UK-based chip design firm, is discussing a potential $35-40B valuation for its upcoming IPO, with Nvidia as its anchor - Link

Recursion, a public biotech company that uses AI to enhance drug discovery, raised $50M from Nvidia and will train its models on Nvidia’s platform; shares were up as much as 80%+ - Link

Sounds, a web3 startup that enables artists to turn their songs into NFTs, raised a $20M Series A led by a16z - Link

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Jason breaks down investors and companies using the GPU shortage as leverage to invest in AI startups (1:33) before discussing Microsoft's run-in with EU regulators over bundling Teams into its Office suite (28:53). They wrap on the FTC's loss in its quest to stop Microsoft's Activision Blizzard acquisition, and Lina Khan's track record as FTC chair (37:58). - Link

Bedrock, a startup building an offshore wind farm mapping solution using autonomous underwater vehicles, raised $25.5M - Link

Domino's is partnering with Uber to list its menus on Uber Eats and Postmates in 28 markets, including the US, UK, and Canada, aiming to generate $1B in new sales - Link

Prolific, a London-based startup building a system to stress-test AI models using a network of 120K human participants, raised~$32M in a funding round co-led by Partech and Oxford Science Enterprises - Link

This Week in Startups

E1775: Using GPUs as leverage, MSFT beats the case, FTC fails under Khan

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E1772: Reimagining reading with VR featuring Sol Reader CEO Ben Chelf

E1771: Shein registers for US IPO, Trump SPAC insider trading & more

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