Nous Research is finalizing a new funding round of at least $75 million at a $1.5 billion valuation to expand its open-source AI agent, Hermes. The Hermes agent features built-in capabilities like web search and coding,...
Microsoft CEO Satya Nadella has warned businesses that using proprietary AI models risks exposing highly sensitive corporate data, essentially paying "twice" for intelligence. He advocates for companies to build propriet...
Apple has filed a lawsuit against OpenAI, alleging systematic trade secret theft and breach of contract orchestrated by senior leadership to bolster its upcoming AI hardware product. The complaint accuses former Apple ex...
South Korean memory chipmaker SK Hynix has raised a historic $26.5 billion in its US IPO to expand manufacturing capacity for High-Bandwidth Memory (HBM). Driven by intense demand for AI-related hardware, the funds will...
OpenAI's second-in-command, Fidji Simo, is permanently stepping back from her full-time role due to health reasons, transitioning to a part-time advisory position. Her departure creates a major leadership vacancy as the...
Enterprise AI startup Lyzr successfully utilized its own autonomous AI agent, SivaClaw, to manage and secure its $100 million Series B funding round. The agent interacted with over 130 investors, drafted financial memos,...
Anthropic has secured a massive $40 billion compute deal to host its leading Mythos/Fable AI models on SpaceX’s xAI Colossus infrastructure. Despite competitive rivalries, Elon Musk has promised not to disrupt Anthropic'...
Meta is set to begin manufacturing its latest custom-designed AI chips in September to decrease dependence on external suppliers like Nvidia and lower overall costs. The modular chips, developed under the Meta Training a...
Swedish vibe-coding startup Lovable is reportedly negotiating a $300 million funding round that would double its valuation to $13.2 billion. The startup, which enables users to build software simply by describing it, has...
Robotics startup General Intuition has raised $320 million to develop a foundation model for physical AI, aiming to bring a "ChatGPT moment" to robotics. By training on video game data, the company has created a spatial-...
