AI Daily: Google spinout Isomorphic seeks over $2B in fundraising

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.

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AI SECURITY ORDER: The White House is planning to order U.S. agencies to partner with AI firms to protect networks from AI-enabled cyber attacks, though the order would stop short of mandating government approval for cutting-edge models, Bloomberg’s Maggie Eastland and Courtney Subramanian report, citing people familiar with the mater. A draft directive from President Trump would overhaul existing cybersecurity information-sharing programs to include AI companies and address threats posed by the emerging tech, the authors note. Companies in AI software include Alphabet (GOOGL), Meta (META), OpenAI, and Anthropic.

DATA CENTER CAMPUS: Hyperscale Data (GPUS) announced continued strong interest in its Michigan data center campus from prospective customers seeking scalable AI infrastructure and high-density Nvidia (NVDA) GPU-based compute environments. The company stated that customer discussions and ongoing negotiations have advanced to a stage where management believes Hyperscale Data will enter into one or more power and infrastructure lease agreements related to AI compute deployments in the coming weeks and months. Hyperscale Data further announced that it has proactively ordered and paid for key electrical and infrastructure equipment to support the rapid deployment of customer AI compute infrastructure at its Michigan campus. The equipment purchases support approximately half of the company’s initial approximately 30 megawatts AI compute development initiative and are intended to reduce deployment timelines and accelerate customer onboarding.

DRUG DISCOVERY COMPANY: Isomorphic Labs, an AI-powered drug discovery company spun out of Alphabet’s GoogleDeepMind, is in advanced talks to raise more than $2B in a new round of funding, people familiar with the matter told Bloomberg’s Rebecca Torrence and Mark Bergen. Thrive Capital, which led Isomorphic’s first funding round last year, is set to lead the new financing and Alphabet is also participating, according to the report.