DTN 160: Fusion Company Applies to Join US Power Grid
Plus: Pentagon's drone spending spree, air taxis come to NYC, Zuck's virtual biology initiative, DeepSeek's new model, FDA wants to accelerate clinical trails with AI, and more.

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"The real alpha is in the boring legacy industries; manufacturing, agriculture, logistics, and general autonomy. Most mid-market companies are still operating with manual processes that are ripe for automation.”

Fusion energy company Commonwealth applies to join a U.S. power grid—a first
“On Tuesday a fusion energy start-up announced that it has applied to join a U.S. power grid—a first that could one day see households and businesses powered by nuclear fusion.
Commonwealth Fusion Systems is looking to join a power grid that is operated by PJM Interconnection and provides 182,000 megawatts of power to more than 67 million people living in 13 states and Washington, D.C. But technical hurdles to bringing fusion online remain—one major obstacle is actually producing a stable fusion reaction that generates more energy than it consumes.
The application process requires a potential energy provider to provide extensive technical information to the grid operator, including descriptions of the planned fuel type. In Commonwealth's case, the company is developing a tokamak reactor design that uses powerful magnetic fields to create and insulate a highly energetic cloud of particles called a plasma until it's hot enough for those particles to fuse. The promise of the device is that a fusion reaction could feasibly generate limitless clean energy.
Commonwealth plans to open its first power plant, called ARC (for "affordable, robust, compact"), in Virginia in the early 2030s. And the company aims to demonstrate an initial model, called SPARC (for "smallest possible ARC"), in 2027.” --Scientific American

- Pentagon spending on drones jumps from $225M to $55B in one year
- Joby kicks off NYC electric air taxi demos with historic JFK flight
- $500M for Virtual Biology Initiative, Funded by Zuckerbergs
- DeepSeek previews new AI model that 'closes the gap' with frontier models
- Earth AI is vertically integrating the search for critical minerals
- Fusion power startup Zap Energy pulls a partial pivot, adding nuclear fission to the mix
- AI-Designed Drugs by a DeepMind Spinoff Are Headed to Human Trials
- FDA launches effort to speed up clinical trials, using AI
- Experts call for halt of AI chip exports to China after White House distillation warning


“Astrobotic, a developer of lunar landers and suborbital rockets, has successfully tested an advanced rocket engine that could power those vehicles.
The Pittsburgh-based company announced April 23 it has completed a series of tests of Chakram, a rotating-detonation rocket engine, or RDRE, at NASA's Marshall Space Flight Center. In those tests, two engine prototypes fired for a combined 470 seconds, including a single 300-second burn.
An RDRE is an advanced engine technology where a detonation wave travels in a circle inside an engine at supersonic speeds. It promises higher performance than conventional engines, including increased specific impulse and thrust-to-weight ratios, but can be difficult to control. There have been many experiments in RDRE technology for spaceflight and hypersonic systems, but little flight experience.” (via Space News)

- AI discovery reveals DNA isn't locked away in cells after all
- DuctGPT demonstrates how AI can accelerate discovery of next-generation fusion materials
- No batteries, just body heat: Demonstrating the potential of battery-free sensing
- Low-cost 3D printers could gain medical-grade precision from ultra-thin light-control film
- Programmable 3D-printed filaments mimic artificial muscles with heat-driven bending and twisting
- A longstanding quantum roadblock just fell, opening existing fiber networks to ultra-secure light signals
- Morphing metal-organic material harvests water from thin air

- Ineffable Intelligence raises $1.1B for AI systems using reinforcement learning
- 137 Ventures raises $700M for two growth-stage funds
- True Anomaly raises $650M Series D for autonomous spacecraft, payloads, and space-based interceptors
- BMW i Ventures raises $300M fund for automotive-focused venture investing
- Quantum Art raises $140M Series A for full-stack trapped-ion quantum computers
- Coultreon Biopharma raises $125M Series A for oral SIK3 inhibitor for autoimmune diseases
- Verda raises $117M for AI cloud infrastructure providing high-performance compute on demand
- Sereact raises $110M Series B for physical AI for warehouses and manufacturing
- Scout AI raises $100M Series A for AI solutions for unmanned warfare
- Firestorm Labs raises $82M Series B for drone factories inside shipping containers
- Cosmoleap raises $73M for reusable rocket with tower catch recovery
- Axoft raises $55M Series A for implantable Brain-Computer Interfaces using bio-inspired materials
- Liquid Instruments raises $50M Series C for software-defined test instrumentation
- Vivacta Bio raises $50M Series A and Series A+ for in vivo CAR-T cell therapy
- Fathom Therapeutics raises $47M Series A for quantum chemistry and AI drug molecule design
- DISA Technologies raises $33M for High-Pressure Slurry Ablation technology for mineral processing
- All3 raises $25M seed for AI-powered design with robotic fabrication for construction
- Decade Energy raises €22M for power infrastructure for logistics depots and truck electrification
- Moleculent raises $20M for mapping cell-cell communication at scale in human tissue
- Hypervision Surgical raises £17M Series A for real-time hyperspectral imaging for surgery
- Techcyte raises $15M for AI-powered digital diagnostics for anatomic and clinical pathology
- Lighthouse Pharmaceuticals raises $12M Series A for small-molecule therapeutics for neurodegenerative and inflammatory diseases
- definity raises $12M Series A for agentic data engineering platform
- Tacalyx raises €11M seed extension for cancer therapies targeting tumour associated carbohydrate antigens
- SkyfireAI raises $11M seed for autonomous multi-ship drone operations for first responders and defense
- Smart Robotics raises €10M Series A for AI-driven robotic pick-and-place solutions
- General Analysis raises $10M seed for security infrastructure for agentic AI
- Illuminant Surgical raises $8.4M seed for real-time anatomy projection platform for surgical visualization
- LighthouseAI raises $8M Series A for pharmaceutical licensing and compliance solutions
- Cybord raises $7M Series A extension for Visual AI electronic component inspection platform
- Bubble Robotics raises $5M pre-seed for autonomous ocean robotic systems
- Online Oceans raises £4M for autonomous surface vessels and fleet software for defence and maritime security
- Cnuic Technologies raises $3M pre-seed for photolithography devices enabling reconfigurable photonic chip production
- QMatter raises $1.2M pre-seed for quantum compression technology for molecular simulations
- Apera AI raises undisclosed amount from Zebra Ventures for 4D Vision for industrial robots

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