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The $15 billion ad-powered AI startup your doctor may already be using

21 October 2026 at 16:14

Nearly two-thirds of US doctors are turning to an AI-powered search engine to make patient decisions, propelling a little-known tech startup to a $15 billion valuation while prompting a debate over the future of patient care.

Miami-based OpenEvidence, founded by serial entrepreneur Daniel Nadler in 2022, said that many of America’s 1 million physicians processed more than 42 million prompts last month. Doctors are using the company’s chatbot to scour medical journals and clinical guidelines to help diagnose and treat patients.

The ads-powered platform has grown largely by word of mouth, penetrating a sector where few tools have seen similar traction. “We’re the first viral consumer internet app in healthcare,” Nadler told the FT in an interview.

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© OpenEvidence

Ukraine blindsided by Starlink throttling restrictions and intelligence gaps

Ukrainian troops have been caught off guard by restrictions on Elon Musk’s Starlink satellite Internet systems that disrupted frontline operations, while Kyiv received no warning from its partners of a Russian missile attack on its energy facilities for the second day running, according to Ukrainian officials.

Starlink terminals used by Ukrainian drone units began experiencing signal failures at speeds above 160 km/h, disrupting several missions early on Wednesday morning, according to military personnel and senior Ukrainian officials.

“Logistics at the frontline and middle strikes are badly limited,” one senior official familiar with the situation on the front told the FT. Ukraine’s middle strikes target Russian military supply lines and logistics. The limitations came with “no warning, just in the middle of the night,” the official said.

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© NurPhoto / Contributor

EV batteries last longer than drivers feared

Electric vehicle batteries are lasting longer than previously feared by drivers, with most used EVs able to retain about 90 percent of their original usable battery capacity after 150,000 kilometers, a new study has shown.

Despite a surge in global EV sales on the back of rising fuel prices, long-term battery durability continues to be one of the key concerns for drivers when they consider switching from a petrol model to an electric car.

EV battery warranties typically cover eight years or 100,000 miles (160,000 km) with car manufacturers required under the warranty to provide a replacement battery if capacity falls below 70 percent.

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© Horacio Villalobos

Waymo doubles spending on lobbying in robotaxi battle with Uber

Waymo has sharply increased its lobbying spending as it seeks to persuade US regulators to clear a path for fully autonomous taxi services, intensifying its battle with rival Uber over the future of robotaxis.

The Alphabet-owned company spent more than $1 million between April and June on lobbying the federal government, more than double its outlay a year earlier, according to filings. That put Waymo’s spending close to Uber’s and well ahead of rivals including Amazon’s Zoox and Tesla.

The rise in lobbying comes as Waymo and Uber push competing visions for the future of ride-hailing. Waymo wants a faster route to fully driverless commercial services, while Uber is advocating a staggered rollout in which robotaxis operate alongside human drivers.

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© Alex Kent, Bloomberg

ByteDance trains massive AI model in bid to rival Anthropic

7 August 2026 at 14:29

ByteDance is training an AI model that could approach the size of Anthropic’s most cutting-edge Mythos system, as Chinese companies continue to narrow the gap with the top US labs.

The Chinese tech giant is at an early stage of training a model with as many as 10 trillion parameters—three times larger than Moonshot’s Kimi K3, the biggest Chinese model released to date, according to three people with knowledge of the matter.

The ByteDance model is being pre-trained—a stage that typically takes three to six months—before it is fine-tuned and released if all goes well, one of the people said. The exact model size would only be determined at a later stage.

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© Ore Huiying/Bloomberg

SpaceX spooks investors with debut earnings report

SpaceX shares dropped on Wednesday after Elon Musk’s plans for blockbuster spending to position his AI and rocket company as a data center developer spooked investors.

SpaceX surpassed analysts’ expectations in Tuesday’s debut earnings report, posting quarterly revenues of $7.8 billion, well above analysts’ estimates of $6.82 billion and up 92 percent from a year earlier. It posted a net loss of about $541 million, better than estimates of $2.12 billion.

But shares in SpaceX fell 10 percent in early trading after it reported capital expenditure of almost $16 billion on AI, double the previous quarter and well above Wall Street’s expectations. It said spending would persist at current levels for at least two more quarters.

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© Timothy A Clary/GEtty

US government takes $2 billion equity stake in nine quantum computing firms

The US government will take equity stakes worth a total of $2 billion in a slew of quantum computing companies, including a startup backed by a firm with links to the Trump family and one taken public by a Pentagon official.

The announcement by the commerce department that it had signed letters of intent with nine companies—including GlobalFoundries and IBM—sent shares in quantum specialists soaring on Thursday.

Both IBM, which is set to get $1 billion, and GlobalFoundries, which will receive $375 million, were up more than 6 percent in pre-market trading. D-Wave Quantum, an awardee that was taken public in 2022 by Emil Michael—now a top Pentagon official—was up more than 20 percent.

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© IBM

US government takes $2 billion equity stake in nine quantum computing firms

The US government will take equity stakes worth a total of $2 billion in a slew of quantum computing companies, including a startup backed by a firm with links to the Trump family and one taken public by a Pentagon official.

The announcement by the commerce department that it had signed letters of intent with nine companies—including GlobalFoundries and IBM—sent shares in quantum specialists soaring on Thursday.

Both IBM, which is set to get $1 billion, and GlobalFoundries, which will receive $375 million, were up more than 6 percent in pre-market trading. D-Wave Quantum, an awardee that was taken public in 2022 by Emil Michael—now a top Pentagon official—was up more than 20 percent.

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© IBM

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