Earlier in July, U.S. Secretary of Commerce Howard Lutnick gave chipmakers like Nvidia the green light to start selling certain AI chips in China again, but his department is said to be holding things up. According to reporting from Reuters, Nvidia has yet to receive a license to sell its H20 AI chips. The U.S. […]
A backlog at the Commerce Dept. is reportedly stalling Nvidia’s H20 chip licenses Read More »
Google has backed STAN, an Indian social gaming platform that connects gamers with creators, communities, and publishers. Google’s investment comes as part of an $8.5 million equity funding round, which also saw investment from Japanese gaming giants Bandai Namco Entertainment, Square Enix, and Reazon Holdings. Aptos Labs and King River Capital, as well as existing
Google bets on STAN, an Indian social gaming platform Read More »
Meta is still going all-in on the AI talent war, with Mark Zuckerberg reportedly reaching out to top recruits himself, throwing around jaw-dropping compensation packages that top $1 billion over multiple years. And Meta’s latest target? Mira Murati’s new startup, Thinking Machines Lab. It’s a bold play in an already overheated market. While Zuck eyes
From Meta’s massive offers to Anthropic’s massive valuation, does AI have a ceiling? Read More »
Applied AI research company Fundamental Research Labs (formerly known as Altera) announced today that it has raised $30 million in Series A funding led by Prosus with participation from Stripe co-founder and CEO Patrick Collison. The company has a curious structure as it is working on multiple AI applications in different fields. When it raised
Fundamental Research Labs nabs $30M to build AI agents across verticals Read More »
ChatGPT-maker OpenAI has raised $8.3 billion at a $300 billion valuation, reports The New York Times. The deal is part of OpenAI’s broader strategy to secure $40 billion this year. The oversubscribed round came months ahead of schedule, per the NYT. OpenAI initially raised $2.5 billion from VC firms in March when it announced its
OpenAI reportedly raises $8.3B at $300B valuation Read More »
AI storage platform Vast Data is in talks with Alphabet’s venture arm CapitalG and existing backer Nvidia to raise a fresh round that could value the startup at up to $30 billion, Reuters reported, citing two sources. TechCrunch reported last month that Vast Data was working to raise funds at a $25 billion valuation. The
Google DeepMind is rolling out Gemini 2.5 Deep Think, which, the company says, is its most advanced AI reasoning model, able to answer questions by exploring and considering multiple ideas simultaneously and then using those outputs to choose the best answer. Subscribers to Google’s $250-per-month Ultra subscription will gain access to Gemini 2.5 Deep Think
A Singapore-based deep tech startup called SixSense has developed an AI-powered platform that helps semiconductor manufacturers predict and detect potential chip defects on production lines in real time. It has raised $8.5 million in Series A bringing its total funding to around $12 million. The round was led by Peak XV’s Surge (formerly Sequoia India
Female-founded semiconductor AI startup SixSense raises $8.5M Read More »
Amazon CEO Andy Jassy sees an opportunity to deliver ads to users during their conversations with the company’s AI-powered digital assistant, Alexa+, he said during Amazon’s second-quarter earnings call Thursday. “People are excited about the devices that they can buy from us that has Alexa+ enabled in it. People do a lot of shopping [with
Amazon CEO wants to put ads in your Alexa+ conversations Read More »
Reddit reported its second-quarter earnings on Thursday, and it’s clear that the company’s focus on AI has ramped up considerably. One significant area of investment is growing its advertising business, supported by its AI-powered marketing tools. The results revealed that the majority of Reddit’s revenue continues to come from ads, which brought in $465 million,
Reddit revenue soars as it bets on AI and advertising Read More »
