AI infrastructure startup Trajectory has announced the completion of a $40 million financing round, achieving a post-money valuation of $300 million, with participation from Sequoia Capital. The specific financing round and other investors have not been disclosed. Founded by researchers from tech giants like Google and Apple, Trajectory primarily helps businesses customize open-source AI models and optimize the software toolchain that supports AI Agent operations. As the costs of using closed-source large models rise, more companies are seeking alternatives to reduce expenses through fine-tuning and customizing open-source models, improving the execution framework for Agents, and enhancing the efficiency of AI models in tool invocation and task execution. This trend has sparked a new wave of entrepreneurial activity around model adaptation and Agent infrastructure. Trajectory aims to address key challenges in deploying AI Agents for enterprises, including model performance optimization, task execution reliability, and adaptation to business scenarios, helping companies build efficient and cost-effective AI applications.
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Arthur Hayes, co-founder of BitMEX and chief investment officer at Maelstrom, has published a new essay arguing that the decade-long era of yen weakness is approaching a turning point and that the specific mechanism he expects to be used to reverse it carries direct implications for Bitcoin and gold.













