Stephanie Palazzolo / The Information:
Chapter, which uses AI to help seniors enroll in Medicare, raised a $100M Series E, doubling its valuation to $3B and bringing its total funding to $285M  —  Meta Platforms' Wednesday release of Spark, the first model in its broader Muse model family, doesn't blow other frontier models out of the water …

Stephen Nellis / Reuters:
RISC-V chip designer SiFive raised a $400M Series G led by Atreides at a $3.65B valuation; CEO Patrick Little says it is the final funding round before an IPO  —  Silicon Valley startup SiFive said on Thursday it has raised a $400 million round of funding from Atreides Management, Nvidia …

Bloomberg:
Elorian, which builds visual AI models with better reasoning capabilities for industries like robotics, emerges from stealth with $55M at a $300M valuation  —  Former Google DeepMind researcher Andrew Dai believes that the artificial intelligence models at big labs have the intelligence of a 3-year-old kid …

Zaheer Kachwala / Reuters:
Google and Intel expand their partnership to deploy Intel's Xeon 6 chips and co-develop custom Infrastructure Processing Units to improve computing efficiency  —  Intel and Google have expanded their partnership to advance the use of artificial intelligence-focused central processing units …

Todd Bishop / GeekWire:
Annual letter: Andy Jassy says AWS's AI revenue has reached a $15B annual run rate as of Q1, and Amazon plans to spend ~$200B in capital expenditures in 2026  —  Andy Jassy's new letter to Amazon shareholders is a data-heavy defense of the tech giant's biggest bets — from AI and custom chips …