Latest edition 13 September 2026
2 stories
From the archive · Tech & Finance
River AI said it raised $1.1 billion across Series Seed and Series A. Lovable said it raised $400 million at a $13.3 billion valuation—approximately twice its December 2025 valuation. Funding raised and company valuation are different measures.
The Ledger Weekly · Deep dive
The deep dive for the week of 17 August. Big Tech's AI spending is on course to nearly double in a year, to more than $700 billion. That is no longer a software story — it is an infrastructure cycle, and it moves the risk somewhere the equity market isn't used to looking.
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