Breaking Tech: Mar 26 (5 stories)

Kleiner Perkins Raises $3.5 Billion to Back AI Boom

Kleiner Perkins has raised $3.5 billion to make bets on AI startups and current portfolio companies innovating across autonomy, transportation, professional services, and space. Kleiner Perkins partner Ilya Fushman joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)

Arinna raises $4M seed round to solve the space power problem

Arinna builds solar cells specifically for spacecraft and has developed an ultrathin new material that it expects to be far more flexible and more efficient than current technology.

Kevin Sheekey Demos ASKB AI on Bloomberg Terminal (Video)

Defense Tech Gets Less Than 1% of Pentagon Spending

Pentagon spending on defense tech from startups has more than doubled, from about $1.8 billion in Fiscal Year 2023 to $4.3 billion for Fiscal Year 2025, but still makes up less than 1% of total contract dollars. Rachel Hoff, policy director at the Ronald Reagan Institute, speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)

Virginia Rep. Calls for Spreading AI Build-Out Across the Country

Senator Bernie Sanders and Congresswoman Alexandria Ocasio-Cortez plan to introduce legislation that would impose a moratorium on new AI data centers, following growing pushback on their impact on energy prices. Representative Suhas Subramanyam, a Democrat from Virginia, home to one of the largest concentrations of data centers in the country, discusses what approach he thinks the country should take to the AI build-out. He speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)