Silicon Valley Nordic Beat

"The ambition, the resources, the culture—it’s completely different. That is why I left Sweden.” Databricks has raised a record-breaking $10 billion, securing its position as one of the most valuable AI companies globally. Swedish-Iranian CEO and co-founder Ali Ghodsi spoke about the move at the Axios + AI Summit in San Francisco, where SVNB had the opportunity to talk with him off-stage about Sweden. Read the full story here: https://lnkd.in/gG587Wkp #AI #VC #SiliconValley #Databricks

Ghodsi’s Databricks Raises Record $10 Billion Databricks, the Silicon Valley-based AI company led by Swedish-Iranian CEO Ali Ghodsi, has secured a record-breaking $10 billion investment. This massive cash injection brings the company’s valuation to $62 billion. Read the full story here (and subscribe): https://lnkd.in/e2A9NpFX

Ghodsi’s Databricks Raises Record $10 Billion Databricks, the Silicon Valley-based AI company led by Swedish-Iranian CEO Ali Ghodsi, has secured a record-breaking $10 billion investment. This massive cash injection brings the company’s valuation to $62 billion. Read the full story here (and subscribe): https://lnkd.in/e2A9NpFX

Swedish Mentimeter is NOT a Unicorn, Yet Swedish Mentimeter is being pointed out as a new dollar unicorn. However, according to board chair Katarina Bonde, the company’s latest valuation is 3.7 billion Swedish kronor, or approximately $340 million. Read the full article here, and subscribe (free): https://lnkd.in/eSFmke_D #unicorns #Mentimeter

Humanoids About to Enter Our Homes Last week’s Humanoids Summit 2024 in Mountain View created quite a buzz, even in a place like Silicon Valley. Hosted at the Computer History Museum, the event brought together leading experts and innovators in humanoid robotics. Humanoids of all sizes and shapes were showcased. Speakers made it clear that humanoids are not part of the distant future—they are on the verge of entering our homes. Once they do, their development will accelerate, and we will learn how to use them to tackle challenges and improve our lives. www.svnordicbeat.com #HS2024 #Humanoids

Don’t Miss This Week’s Highlights in Silicon Valley Nordic Beat! Humans are so last year—at least according to startup Artisan’s bold campaign lighting up San Francisco. Their provocative billboards and the buzz around AI agents and humanoids dominated headlines, sparking debates on the future of work, play, and even home life. From the first-ever Humanoid Summit in Mountain View to the sale of Cuberg’s assets sparking legal drama, this week’s stories dive deep into innovation, Nordic talent, and the big questions shaping Silicon Valley’s future. Stay curious—read the latest buzz and insights from Silicon Valley Nordic Beat. Read the newsletter here, and subscribe (free): https://lnkd.in/dikRHh5N #humanoids #robotics #AIagents #Willow #Cuberg #SiliconValley

Scandinavians in the Team Behind Willow This week, Google unveiled its newest quantum chip, Willow, at its Quantum AI Lab in Santa Barbara. Willow represents a breakthrough in quantum computing, and three Scandinavian researchers are part of the team behind it. Read the full story here: https://lnkd.in/gE38X9B4 #AI #quantum #Sweden #Norway #Google

Northvolt Sold Cuberg’s Assets but Failed to Deliver San Jose-based battery manufacturer Lyten has filed a claim in Northvolt's Chapter 11 proceedings, alleging that the Swedish battery giant sold assets from its former U.S. subsidiary, Cuberg, but failed to deliver all agreed-upon equipment. Lyten, which also took over the facility lease, contends that Northvolt broke the terms of their agreement. Read the full story here, and subscribe (free): https://lnkd.in/grHPS6Kz #Northvolt #Cuberg

Northvolt Sold Cuberg’s Assets but Failed to Deliver San Jose-based battery manufacturer Lyten has filed a claim in Northvolt's Chapter 11 proceedings, alleging that the Swedish battery giant sold assets from its former U.S. subsidiary, Cuberg, but failed to deliver all agreed-upon equipment. Lyten, which also took over the facility lease, contends that Northvolt broke the terms of their agreement. Read the full story here, and subscribe (free): https://lnkd.in/grHPS6Kz #Northvolt #Cuberg

Cuberg Founder, and “Buyer” Both Want Money from Northvolt Lyten, the new operator of Cuberg’s former facility, and the startup’s founder, Richard Wang, have both filed claims in Northvolt’s Chapter 11 bankruptcy. These developments raise questions about Cuberg’s abrupt closure and the circumstances surrounding its "sale". Read the full story here: https://lnkd.in/gUDa5jRH