Funding

• Chinese robotics startup Linkerbot has completed a Series B+ funding round, achieving a $3 billion valuation, according to a Reuters report covering the company's expansion in industrial robotics. • The funding round reflects strong investor appetite for advanced robotics solutions in Asia, where manufacturing automation and industrial AI applications are driving significant venture capital deployment. • Linkerbot's valuation milestone positions the startup among China's leading robotics firms, competing in the growing market for intelligent automation systems across manufacturing, logistics, and service sectors.

• Global venture capital investment hit a record $300 billion in Q1 2026 across approximately 6,000 startups, representing a 150% increase quarter-over-quarter and year-over-year. • AI funding dominated with $242 billion, or 80% of total venture funding, up from 55% in Q1 2025, with capital concentrating in frontier model builders, enterprise software, robotics, semiconductors, and life sciences. • Isomorphic Labs, a DeepMind spinout, raised a $2.1 billion Series B funding round backed by Thrive Capital, Google Ventures, and Alphabet, targeting AI-driven drug discovery applications.

Proposals also grant the health minister power to change disability support rules without state or territory approval. Here’s what you need to knowGet our breaking news email, free app or daily news podcastFunding for some services within the National Disability Insurance Scheme will be slashed – even in cases where participants could be left with a funding gap – as part of a sweeping proposal to drastically curb the scheme’s annual growth.The proposed changes, revealed on Thursday, will also grant the health minister, Mark Butler, god-like powers to reduce overall funding for support categories, determine pricing guides and caps for services and support, and the ability to change NDIS rules without state and territory approval for the first 12 months. Continue reading...

• Anduril Industries announced a $5 billion Series H funding round, doubling its valuation to $61 billion just one year after its previous multibillion-dollar raise. • The late-stage funding was jointly led by Thrive Capital and Andreessen Horowitz, demonstrating strong investor confidence in the defense and autonomous systems company. • The massive valuation increase reflects growing demand for advanced defense technology and autonomous systems in the current geopolitical environment.

• Bucharest-based DesignVerse, an AI-driven startup modernizing aviation infrastructure software, secured €4.6 million ($5.5 million) in seed funding. • The funding follows a successful software upgrade project with EUROCONTROL, Europe's air traffic management organization, enhancing enterprise tools across the continent. • This investment highlights growing demand for AI innovations in aviation, positioning DesignVerse to expand its platform amid digital transformation in the sector.

• Tencent is reported to be joining a $4 billion funding round for Chinese AI startup DeepSeek, which would value the company at about $50 billion and mark its first external financing. • The report says the round would add fresh capital to one of China’s most watched AI model developers, with Tencent and other large investors among the backers. • The deal matters because DeepSeek has become a key rival in China’s fast-moving AI race, and a multibillion-dollar valuation would underline continued investor appetite for frontier-model startups.

Medicare has already paused hospice and home healthcare agency signups as potential fraud is investigatedUS politics live – latest updatesJD Vance has threatened to “turn off” federal funding for government health insurance programs in states that refuse to comply with the Trump administration’s crackdown on suspected fraud.States which fail to “get serious” about fraud would lose Medicaid and Medicare funding, the US vice-president announced on Wednesday, sparking fresh accusations that Trump officials are using unfounded allegations to punish political rivals. Continue reading...