All posts tagged: 225M

EU invests €225m to deliver next-generation influenza vaccines

EU invests €225m to deliver next-generation influenza vaccines

The European Union is committing €225 million to accelerate the development of next-generation influenza vaccines that will offer protection against a wider range of flu variants and can be quickly adapted if a pandemic strain emerges. The funding will support influenza vaccines designed to be easier to administer via the nose, mouth, or skin patches, and to be rapidly scaled up in emergencies. It marks the first time the Commission will use pre-commercial procurement to advance products through clinical trials, ensuring they meet strict safety, quality, and efficacy criteria while supporting innovations that might otherwise stall without public intervention. Hadja Lahbib, Commissioner for Equality, Preparedness and Crisis Management, explained: “With an EU investment of €225m – the largest ever dedicated to accelerating access to innovative medical countermeasures – we are advancing the development of next-generation flu vaccines. “This funding will unlock cutting-edge technologies, including more accessible and diverse vaccine administration methods, ensuring that effective vaccine options reach underserved and vulnerable groups.” Flu vaccines must keep pace with the evolving virus Flu viruses evolve constantly, which …

Benchmark raises 5M in special funds to double down on Cerebras

Benchmark raises $225M in special funds to double down on Cerebras

This week, AI chipmaker Cerebras Systems announced that it raised $1 billion in fresh capital at a valuation of $23 billion — a nearly threefold increase from the $8.1 billion valuation the Nvidia rival had reached just six months earlier. While the round was led by Tiger Global, a huge part of the new capital came from one of the company’s earliest backers: Benchmark Capital. The prominent Silicon Valley firm invested at least $225 million in Cerebras’ latest round, according to a person familiar with the deal. Benchmark first bet on 10-year-old Cerebras when it led the startup’s $27 million Series A in 2016. Since Benchmark deliberately keeps its funds under $450 million, the firm raised two separate vehicles, both called ‘Benchmark Infrastructure,’ according to regulatory filings. According to the person familiar with the deal, these vehicles were created specifically to fund the Cerebras investment. Benchmark declined to comment. What sets Cerebras apart is the sheer physical scale of its processors. The company’s Wafer Scale Engine, its flagship chip announced in 2024, measures approximately 8.5 inches on each side and …

AG’s office sues illegal gambling apps that have taken more than 5M from Washingtonians

AG’s office sues illegal gambling apps that have taken more than $225M from Washingtonians

Washington Attorney General Nick Brown has recently filed a lawsuit against various companies that operate unlicensed gambling applications, such as casino apps that have taken over $225 million from local residents over the previous six years. This dates back to September 2020, with the main companies named as Playtika and Aristocrat. Although both don’t have a valid license to operate their apps in Washington, a total of 150,000 users engage in gambling activities every month across 16 apps. We filed suit against several companies that illegally operate unlicensed gambling apps that have taken more than $225 million dollars from Washingtonians since 2020. They have repeatedly violated Washington law, engaged in deceptive practices, and even marketed themselves to… pic.twitter.com/EQI2QnDy19 — Attorney General Nick Brown (@AGOWA) February 4, 2026 Furthermore, these apps do not ask for age or date of birth, engaging in deceptive practices in the process. “These companies repeatedly violated Washington law, engaged in deceptive practices, and fleeced Washingtonians out of hundreds of millions of dollars,” Brown said. “It is especially troubling to see gambling …