HUMAIN, a PIF company delivering full-stack artificial intelligence capabilities globally, today announced a $3 billion strategic investment in xAI as part of the company’s Series E financing round. The transaction represents a significant, end-to-end capital deployment for HUMAIN, reflecting continued momentum in its long-term investment strategy focused on category-defining technology platforms. . .

DG Matrix and Exowatt have announced a strategic partnership to deploy integrated, behind-the-meter power systems targeting gigawatt-scale infrastructure buildouts. The companies say the partnership will integrate DG Matrix’s solid-state transformer technology into Exowatt’s P3 platform to speed deployment of renewable energy for hyperscale data centers. As part of the collaboration, Exowatt has selected DG Matrix’s Interport as a preferred power-conversion platform for its modular energy architectures. . .

A Falcon 9 rocket topped with 29 of SpaceX’s Starlink broadband satellites launched from Florida’s Cape Canaveral Space Force Station at 8:41 p.m. EST (0141 GMT on Feb. 20). According to plan, the Falcon 9’s first stage returned to Earth a little over eight minutes later. . .

DG Matrix, the global leader in solid-state transformer solutions, today announced the close of its $60 million Series A funding. Engine Ventures led the oversubscribed round, with participation from Helios Climate Ventures, Mitsubishi Heavy Industries, Ltd., Fine Structure Ventures, MCJ and Sabanci Climate Ventures. All existing investors committed new capital in this round, including ABB, the global technology leader in electrification and automation. . .

t’s no secret that the electrical grid is aging, but one part stands out from the rest. Transformers haven’t changed much since Thomas Edison made his first light bulb. Now, a string of startups are working to modernize the transformer, replacing it with modern power electronics that promise to give grid operators more control over how and where electricity flows. “It becomes a very powerful device, equivalent to your internet router,” Subhashish Bhattacharya, co-founder and CTO of DG Matrix, told TechCrunch. . .

Data centers face a conundrum: how to power increasingly dense server racks using equipment that relies on century-old technology. Traditional transformers are bulky and hot, but a new generation of solid-state transformers promises to address both problems while making power management more flexible. . .

Partnership integrates DG Matrix’s solid-state transformer technology into Exowatt’s P3 platform, accelerating the rollout of renewable energy for hyperscale data centers. DG Matrix, the global leader in solid-state transformer (SST) solutions, and Exowatt, the next-generation renewable energy company delivering dispatchable solar for the AI era, today announced a strategic partnership to deploy integrated, behind-the-meter power systems targeting gigawatt-scale (GW-scale) infrastructure buildouts. . .

Morrisville’s DG Matrix takes aim at AI’s energy crunch with its solid-state router – and PowerSecure is now joining the push to deploy it. A pair of Triangle firms take on one of the biggest challenges in the tech world. AI’s huge demand for energy. . .

Elon Musk’s rocket company SpaceX has acquired xAI, the artificial intelligence firm founded by Musk three years ago, in a massive, and unconventional, deal that combines the two privately held firms into a company with an astounding $1.25 trillion reported valuation and plans for a historic IPO this year. . .

Elon Musk’s xAI said it raised $20 billion in a funding round, exceeding its prior target of $15 billion. CNBC reported in November that a financing would value the artificial intelligence startup at about $230 billion. . .

Starlink will begin a reconfiguration of its satellite constellation by lowering all of its satellites orbiting at around 550 km (342 miles) to 480 km over the course of 2026, Michael Nicolls, SpaceX’s vice president of Starlink engineering, said on Thursday. . .

At a companywide meeting at xAI’s San Francisco headquarters last week, Musk told staff that if the company could survive the next two to three years, xAI would triumph over its competitors, several sources with knowledge of the meeting said. The xAI CEO said that the company’s ability to rapidly scale its power and data capacity would be a key ingredient in the race to achieve superintelligence — which surpasses human intelligence — and become the most powerful AI company. . .

Silicon Valley-focused banking startup Erebor Bank is expected to raise $350 million, Bloomberg reported Tuesday (Dec. 23). The funding round would value Erebor at $4.35 billion, according to the report, which cited unnamed sources. Backed by billionaire Peter Thiel and named for the dragon-guarded mountain of treasure in “The Hobbit,” Erebor Bank has positioned itself as a potential replacement for Silicon Valley Bank, the report said. . .

Ampace, a global leader in advanced lithium-ion energy storage, today announced a strategic collaboration with DG Matrix to deliver the industry’s first UL-certified, grid-active Battery Energy Storage System (BESS) integrated with a multi-port solid-state transformer (SST) platform. This milestone marks a major advancement in enabling safe, efficient, and AI-ready power infrastructure for next-generation data centers, and is aligned with key industry guidelines including NVIDIA’s 800 VDC AI Factory and Open Compute Project’s Mount Diablo. Ampace selected DG Matrix after a comprehensive evaluation of competing solutions, ultimately choosing the company for its commercially demonstrated multi-port SST technology, rapid dynamic power response, and unmatched flexibility in supporting both AC and DC architectures. . .

American Bitcoin now holds 5,044 Bitcoin worth approximately $443 million, surpassing ProCap Financial in the corporate treasury rankings. The Eric Trump-backed firm has added over 1,000 Bitcoin to its reserves since early December, according to BitcoinTreasuries. . .

American Bitcoin Corp. (Nasdaq: ABTC) (“American Bitcoin” or the “Company”), a Bitcoin accumulation platform focused on building America’s Bitcoin infrastructure backbone, held approximately 5,098 Bitcoin in its strategic reserve as of December 14, 2025, placing the Company among the top 20 publicly traded Bitcoin treasury companies by Bitcoin holdings1. The Bitcoin were acquired through a combination of Bitcoin mining and strategic purchases and include Bitcoin held in custody or pledged for miner purchases under an agreement with BITMAIN. . .

American Bitcoin Corp. (Nasdaq: ABTC) (“American Bitcoin” or the “Company”), a Bitcoin accumulation platform focused on building America’s Bitcoin infrastructure backbone, has acquired approximately 416 Bitcoin since its last update on December 2, 2025. As of December 8, 2025, the Company held approximately 4,783 Bitcoin acquired through Bitcoin mining and strategic purchases, which includes Bitcoin held in custody or pledged for miner purchases under an agreement with BITMAIN. . .

SpaceX is an aerospace manufacturer and space transportation company with the goal of reducing space transportation costs and ultimately enabling the colonization of Mars. The company has revolutionized the aerospace industry primarily through the development and deployment of reusable rockets, most notably the Falcon 9 and Falcon Heavy, which significantly lowers the cost of orbital launches. SpaceX is preparing for a mid-to-late 2026 IPO, aiming for a valuation of around $1.5 trillion and looking to raise $30 billion. . .

Elon Musk’s SpaceX is aiming for an initial public offering in the second half of 2026, preparing for a share sale that could value the rocket firm at $800 billion, according to reports. The company has told investors and reps for financial institutions that the IPO would include the entire company, including internet satellite provider Starlink, the Information reported Friday. . .

DG Matrix is the first company to deliver a commercially available, multiport solid-state transformer (SST), already piquing the interest of major AI players for use in their 800-VDC data center power distribution architectures. Power Electronics News had the opportunity to interview the company’s two founders, CEO Haroon Inam and CTO Subhashish Bhattacharya, who is also a professor at North Carolina (NC) State University. . .

Elon Musk’s artificial-intelligence startup xAI is in advanced talks to raise $15 billion in fresh equity at a valuation of $230 billion, the Wall Street Journal reported on Tuesday. The fundraising terms were outlined to investors by Musk’s wealth manager, Jared Birchall, on Tuesday night, the report said. It was not clear whether the valuation figure Birchall shared was pre- or post-money, the paper added. . .

American Bitcoin (ABTC.O), opens new tab, backed by two of U.S. President Donald Trump’s sons, swung to third-quarter profit on Friday as the miner and buyer of the world’s largest digital asset benefited from wider margins. Crypto has drawn strong interest this year, with investors betting on looser oversight under the new Trump administration and bitcoin trading at record levels, even though the token’s rally has slowed in recent weeks. . .

Graviton Bioscience Corporation, a clinical-stage biotechnology company developing selective ROCK2 inhibitors for metabolic, inflammatory, fibrotic, and central nervous system disorders, among other therapeutic indications, today announced that Samuel Waksal, Ph.D., Chief Executive Officer, will participate in a fireside chat at the 8th Annual Evercore HealthCONx Conference.

Energy-Storage.news Premium speaks with Mukesh Chatter, President, CEO, and Co-founder of Alsym Energy about the advantages of sodium-ion energy storage. Massachusetts-based Alsym Energy is a developer of sodium-ion (Na-ion) battery energy storage systems (BESS). Interest in alternative battery chemistries has surged in the past six months. Geopolitical issues and new tariffs have added uncertainty and increased costs to the battery supply chain, especially for lithium iron phosphate (LFP) cells imported from China to the US. Consequently, many developers are reassessing their choices and considering alternatives to lithium-based battery cell chemistries. . .

American Bitcoin Corp., a Bitcoin accumulation platform focused on building America’s Bitcoin infrastructure backbone, has acquired approximately 1,414 Bitcoin. As of October 24, 2025, the Company held approximately 3,865 Bitcoin acquired through Bitcoin mining and strategic purchases, which includes Bitcoin held in custody or pledged for miner purchases under an agreement with BITMAIN. . .

The Massachusetts-based startup says its new battery is non-flammable, non-toxic, and uses non-FEOC (Foreign Entity of Concern) materials, aiming for a lower levelized cost of storage (LCOS). The technical specs provide some highlights as well. US-based battery developer Alsym Energy has officially announced its new Na-Series line, a sodium-ion battery aimed at the stationary energy storage market. . .

Amber Kinetics, a leading designer of long-duration flywheel energy storage systems (FESS), marked a milestone in renewable energy deployment with the signing of a formal agreement with Indian Energy (IE), a 100% Native American–owned and operated microgrid developer for the purchase of containerized flywheel systems, as well as an exclusive Strategic Development Agreement granting Indian Energy the rights to market Amber Kinetics’ technology across all Native American reservations in the United States. . .

It was the seventh launch and landing for this particular booster, which previously sent the U.S. Space Force’s robotic X-37B space plane to orbit on its latest mission. . .

A new Manhattan taco hotspot is already expanding this fall. Nolita taqueria Santo Taco is opening a second location in Greenwich Village at 94 University Place, at East 12th Street, sometime in the fall. Compared to the original tiny storefront running in a shared space with La Esquina that opened in May, the new spot will be larger. The 1,400 square-foot location will offer more standing and seating space, plus an open kitchen. The menu will include the popular steak trompo taco and, for the first time, margaritas and Mexican beers. Owner Santiago Perez, who was a founder of famed NYC Mexican restaurant Cosme, leaned into his Mexico City upbringing for this casual spot. This new restaurant is opening on the same block as Mexico City taqueria Cariñito Tacos’s extended NYC pop-up. . .

LOS ANGELES, California– Chrome Holding Co. (formerly operating as “23andMe Holding Co.”) today announced it has entered into a Stock Purchase Agreement with Bambu Ventures (“Bambu”). Through the creation of a Special Purpose Vehicle (SPV) formed in partnership with Innova Capital Partners (“Innova”) the SPV will acquire 100% of the equity of Lemonaid Health, Inc. and Lemonaid Pharmacy Holdings, Inc. (lemonaidhealth.com), pending approval by the United States Bankruptcy Court for the Eastern District of Missouri. . .