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Fintech startup Airwallex hits $6.2B valuation with $300M raise from Visa and Salesforce to fuel global expansion

Airwallex, the Melbourne-born fintech that built its name on cross-border payments, has raised $300 million in a Series F round, pushing its valuation to $6.2 billion. The round includes $150 million in secondary share sales and features some heavy hitters: […]

The post Fintech startup Airwallex hits $6.2B valuation with $300M raise from Visa and Salesforce to fuel global expansion first appeared on Tech Startups.

The pursuit of better drugs through orbital space crystals

Rendering of Sierra Space’s Dream Chaser space plane
Colorado-based Sierra Space is getting ready to launch its reusable space plane, Dream Chaser. | Image: Sierra Space

In The Andromeda Strain, Michael Crichton wrote about killer alien space crystals that are (spoiler alert) ultimately stymied by Earth's breadth of pH values. In reality, crystals grown in space could be key to a new generation of cancer-fighting treatments that save lives, not threaten them.

Colorado-based startup Sierra Space is nearly ready to launch its reusable space plane, Dream Chaser. It's set to carry into orbit a 3-D printed module designed by engineers at pharma giant Merck. If the test goes well, and if Dream Chaser's gentle reentry process keeps that sensitive cargo safe, this could be the start of something big - despite those crystals being microscopic.

A brief history of space crystals

Space crystals sound like something an astrology guru would hang over their bed to help them sleep, but there's real science here. According to the ISS National Lab, crystals grown in space are simply better: "Scientists hypothesize that these observed benefits result from a slower, more uniform movement of molecules into a crystalline lattice in microgravity."

Research into monoclonal antibodies points towards crystallization as being key for developing more stable, subcutaneous …

Read the full story at The Verge.

AMD takes aim at Intel with new 96-core Threadripper 9000 series CPU

AMD has announced its latest Zen 5-based Ryzen Threadripper 9000 Series of CPUs at Computex today. The 9000 Series and 9000 WX-Series are built for the demanding workstation market, and the top Threadripper Pro 9995WX will ship with 96 cores and 192 threads.

This flagship Threadripper chip is designed for professionals who are working on visual effects, simulations, and AI model development. The Threadripper Pro 9995WX also has up to 384MB of L3 cache and 128 lanes of PCIe Gen 5, making it ideal to pair with multiple GPUs.

AMD claims that the Threadripper Pro 9995WX is 2.2x faster than Intel’s 60-core Xeon W9-3595X processor in Cinebench 2024 multi-threaded rendering.

If you don’t need a 96-core CPU, AMD’s Threadripper 9000 Series are also targeted at enthusiasts and creators who want workstation-like performance. The Ryzen Threadripper 9980X has 64 cores and 128 threads, a base frequency of 3.2GHz, and 320MB of L3 cache.

All of these new Threadripper chips, pro or not, will run at a thermal design power (TDP) of 350 watts and will work (after a BIOS update) on existing motherboards that support the sTR5 socket.

Both Threadripper 9000 Series and the Pro WX-Series processors will be available from retailers in July, but AMD isn’t announcing pricing just yet. Given the its high-end 7980X Threadripper CPU retailed at $4,999 in 2023, it’s fair to say these next-gen equivalents will be around that price.

Google’s future is Google Googling

Google CEO Sundar Pichai at Google I/O 2025.

Google I/O was, as predicted, an AI show. But now that the keynote is over, we can see that the company's vision is to use AI to eventually do a lot of Googling for you.

A lot of that vision rests on AI Mode in Google Search, which Google is starting to roll out to everyone in the US. AI Mode offers a more chatbot-like interface right inside Search, and behind the scenes, Google is doing a lot of work to pull in information instead of making you scroll through a list of blue links.

Onstage, Google presented an example of someone asking for things to do in Nashville over a weekend with friends who like food, music, and "exploring off the beaten path." AI Mode hopped into action, creating Google-curated lists of "restaurants good for foodies," recommending places with a "chill bar atmosphere with live music," highlighting "places off-the-beaten path," and suggesting websites featuring good things to do in Nashville. It even created a custom map recommending places to go. (If you're doing some shopping, AI Mode can show you a personalized batch of listings, too.)

This is essentially Google doing your planning work for you. The service generated a whole bunch of related search quer …

Read the full story at The Verge.

Many iPhones stolen in the US and Europe end up in one building in China

Many iPhones stolen in places as far apart as London, LA, and London end up in a single building in China, where they are resold or stripped for parts.

One victim whose iPhone 15 Pro was snatched from his hands in the street was able to track its 6,000-mile journey to the place many locals in Shenzhen, China, refer to as “the stolen iPhone building” …

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