Written edition
Grayscale files for first Worldcoin ETF as Wall Street bets on proof-of-personhood
The frontier is splitting: capital is flowing toward infrastructure that proves you're human, secures cloud workloads, and designs molecules faster than nature—while expensive consumer hardware struggles to find buyers.
CuspAI raises $450M to industrialize AI-driven materials discovery
The UK startup just closed a $450 million round at a $2.6 billion valuation, backed by Jeff Bezos and the UK government, to build what amounts to a search engine for new materials. Instead of spending years mixing chemicals and hoping for breakthroughs, CuspAI uses AI to predict which molecular combinations will deliver the properties scientists need—stronger batteries, better solar panels, new drug compounds—before anyone steps into a lab. The funding gives the company the runway to build physical labs and scale its generative chemistry platform into industrial production, and it signals that the race to automate materials science is now a fully funded arms race.
