Cornelis, spun off from Intel in 2020 to build networking tech that helps AI chips communicate more effectively, raised $205M led by IAG Capital (Dominic-Madori Davis/TechCrunch)

Cornelis raised $205 million led by IAG Capital to advance networking technology for AI chips. Meanwhile, President Donald Trump criticized Anthropic CEO Dario Amodei for advocating AI development slowdowns. China’s government simultaneously warned that rapid AI progress threatens its political and social security while rejecting Western calls for restrictive industry guardrails.