Market News Today — AI-Curated Stock & Crypto Headlines

IBM shares declined after AI startup Anthropic announced its Claude Code tool can modernize COBOL, a dated programming language primarily used on IBM computers, potentially threatening IBM's business.

The creator economy is shifting away from relying solely on ad revenue, with popular YouTubers diversifying into product lines, startups, and other business ventures, indicating a growing trend of entrepreneurship among content creators.

InScope, a startup founded by experienced accountants, has secured $14.5M in funding to develop an automated financial reporting solution, aiming to alleviate the challenges of preparing financial statements.

Heron Power, a startup founded by Tesla alumni Drew Baglino, has raised $140M to scale up production of its grid-altering technology, indicating significant investor confidence in the company's growth potential.

DG Matrix has raised $60M to develop solid-state transformers that can intelligently manage power from various sources in data centers, enhancing efficiency and potentially reducing costs.

Mistral AI has acquired Koyeb, a Paris-based startup, to support its cloud ambitions, expanding its capabilities in AI app deployment and infrastructure management.

Cloud startup Render has raised funding at a valuation of $1.5 billion, benefiting from the growing demand for artificial intelligence and increasing competition in the cloud computing market.

Emergent, an Indian vibe-coding startup, has achieved an annual recurring revenue (ARR) of over $100M just 8 months after its launch, driven by growing demand from small businesses and non-technical users.

Ricursive Intelligence, a nascent startup, raised $335M at a $4B valuation in 4 months due to its highly sought-after founders in the AI world.

Peak XV has invested $15 million in C2i, an Indian startup that aims to reduce power losses in AI data centers by implementing a grid-to-GPU approach.

India has approved a $1.1 billion fund-of-funds to support deep-tech and manufacturing startups through private venture capital investments, indicating a strong government backing for the country's startup ecosystem.

Cohere has achieved $240M in annual recurring revenue, positioning the company for a potential IPO amidst increasing competition in the AI market.