Paris-based NcodiN secures €16 million to scale its groundbreaking photonic interposers with the world's smallest laser, tackling the AI industry's critical memory bandwidth and energy limits.
Luma AI has raised $900M in Series C funding led by HUMAIN to accelerate its multimodal world models, with Saudi Arabia’s 2GW Project Halo supercluster set to power the company’s next stage of large-scale AI training.
AI accounting startup Maxima has raised $41 million in a Kleiner Perkins and Redpoint-backed round, pushing its valuation to $143M. The year-old San Mateo firm is gaining traction with its AI-first platform that automates enterprise accounting workflows.
Anthropic is set to raise $15 billion from Microsoft and Nvidia while committing $30 billion to Microsoft Azure in a landmark AI-cloud deal that strengthens its model development pipeline and reshapes the global AI infrastructure race.
Project Prometheus, Jeff Bezos’s heavily funded new AI startup, aims to build “AI for the physical economy.” But social media posts are claiming it will predict your next purchase are conflating very different types of AI systems.
Project Prometheus, the secretive AI startup co-led by Jeff Bezos and Vik Bajaj, has launched with roughly $6.2 billion in reported funding and a team recruited from OpenAI, DeepMind and Meta. The company says it will apply large-scale AI to engineering, manufacturing and aerospace.
Yann LeCun, a Turing Award laureate and Meta’s chief AI scientist, reportedly plans to leave Meta to found a startup. The move amid Meta’s AI reorganization and talent churn, could reshape research priorities, funding flows and the future of ‘world-model’ AI.
Global chipmaker Nvidia will partner with local operators to build a $1 billion green data centre in Nuevo León, Mexico — a strategic move to expand AI infrastructure in Latin America.
SoftBank sold a $5.8 billion Nvidia stake to bankroll a $30 billion push into OpenAI - the shock moved shares down as much as 10% and reignited the AI valuation debate.
Global consultancy SBI has entered Saudi Arabia with AstroLabs, strengthening its presence in the region’s booming AI and data sector. The Riyadh office marks a key step in supporting Vision 2030 and driving innovation-led transformation.
Technology is quickly replacing human efforts, including logical thinking, as witnessed in the use of AI to execute various tasks. The financial markets have also incorporated similar technology, such as the use of trading bots. Trading bots are automated applications…
The collaboration will localize manufacturing, deploy robots across industries, and open a flagship robotics experience centre in Riyadh, strengthening Saudi Arabia’s role as a MENA tech leader.