Venture Capital Goes Big on AI and Moonshots as Mega-Rounds Dominate the Week

Boring Company closes a $3 billion Series D led by the UAE, rocketing to a $23 billion valuation — roughly four times its 2022 price. The Elon Musk tunneling venture plans to dig over 150 km of underground infrastructure across the Emirates. For VCs, this is a bet on infrastructure-as-a-service: if tunnels become a commodity, the company that builds them fast wins.

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AI inference chip startup Positron AI raises $875 million across two Series C...