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We introduce a presentable, stable infinity categorical enhancement of Cuntz-Meyer-Rosenberg's bivariant K-theory for bornological algebras. The resulting category is the universal target for filtered colimit preserving functors satisfying smooth homotopy invariance, matricial stability and excision. I will discuss the relationship between this invariant and bivariant K-theory for C*-algebras. This is ongoing joint work with Anupam Datta.