Morning Scan

AI's capital markets keep printing money regardless of what the models actually do — training-data startups, on-prem hardware plays, and data-security shops all pulled fresh rounds this week. The US-China AI hotline story is moving at government speed: barely.

$1.94B — Cyera's total funding since June 2025, after Goldman led a $400M extension. Data security is one of the best-funded corners of the AI boom. (WSJ)

Connected World

Training data provider Snorkel AI raises $350M at $3.5B valuation

Everyone needs labeled data for their models, and Insight Partners just bet big that Snorkel is the shop to supply it. (SiliconANGLE)

Cyera raised $400M from Goldman Sachs in a Series G extension (paywall)

Goldman writing the check itself signals confidence in AI-era data security, going beyond its typical role of banking the round. (WSJ)

Firecrawl, which provides web scraping tools for AI agents, raised a $75M Series B

The unglamorous plumbing layer for agentic AI is turning out to be a real business. (SiliconANGLE)

Go.AI raised an $85M Series A for on-prem AI hardware for banks

Regulated industries still don't trust the cloud with their models — that skepticism is now a funded thesis. (Axios)

Machines & Minds

Six major banks warn agentic commerce chatbots could fuel more fraud

BofA and Capital One saying the quiet part out loud: letting bots shop unsupervised is a liability nightmare waiting to happen. (Gizmodo)

Known Systems AI spins out to make AI agents accountable to their owners

A domain registrar building identity infrastructure for agents — because right now nobody can prove who an AI agent is actually acting for. (SiliconANGLE)

Rabbit launches OS3, a cloud AI agent that connects to local apps and files

The R1 hardware flopped, so now Rabbit's betting the software layer — Telegram, iMessage, web — can find a life of its own. (Wired)

Microsoft disrupts AI-assisted platform that compromised 12,000 accounts

An AI chatbot running a subscription-based scam ring — the same tooling powering productivity demos is powering fraud shops too. (Ars Technica)

Connected World

A US-China AI hotline won't be ready for a while

Trump's distracted by Xi's state visit theater while the actual crisis-management infrastructure sits unbuilt. (WIRED)

NADI launches a €40M challenge to accelerate chip design with AI

Europe's answer to being squeezed out of the US-China chip race: a joint Dutch-German government sprint. (Reuters)