-
AI chipmaker, Groq, Nears $6 Billion Valuation in New Fundraising Round
Groq, a fast-rising AI chip startup, is making plans to raise $600 million in fresh funding. According to Bloomberg, if successful, the deal would value the company at nearly $6 billion, from its $2.8 billion valuation in August 2024. The round is expected to be led by Austin-based investment firm Disruptive. Just last year, Groq…
-
Anthropic Nears $170B Valuation With Nearly $5B in New Funding
Anthropic is on the verge of securing a major funding deal. The AI startup may raise between $3 billion and $5 billion, and if finalized, the round would value the company at $170 billion, according to Bloomberg. This is a sharp jump from its previous valuation of $61.5 billion in March. Iconiq Leads Investment firm…
-
Google Backs EU’s AI Code of Practice, Unlike Meta
Europe is setting the pace for AI regulation, and the spotlight is on a new voluntary code of practice for general-purpose AI. This code is designed to help companies align with the upcoming EU AI Act, a sweeping piece of legislation that aims to keep artificial intelligence safe, ethical, and fair. And here’s the big…
-
Microsoft Seeks Long-Term Access to OpenAI Technology
Microsoft is in advanced talks with OpenAI to secure continued access to its technology, even after the startup achieves artificial general intelligence (AGI). The negotiations, if successful, would ensure Microsoft’s strategic position remains intact as OpenAI moves toward full commercialization. Protecting an Investment Microsoft has invested $13.75 billion into OpenAI. It has built critical tools…
-
Julius AI Secures $10M in a Seed Round
Julius AI, a fast-growing AI startup, has raised $10 million in a seed funding round led by Bessemer Venture Partners. Horizon VC, 8VC, Y Combinator, and AI Grant also participated. Notably, angel investors included Aravind Srinivas (CEO, Perplexity), Guillermo Rauch (CEO, Vercel), and Jeff Lawson (co-founder, Twilio). Julius defines itself as an AI data analyst…
-
Alibaba Unveils Smart Glasses for Everyday Life
Alibaba is jumping into the smart glasses world with a bold move. The company announced its first-ever pair of AI-powered glasses, set to launch in China by the end of 2025. These aren’t just any glasses. They come with Alibaba’s Qwen large language model and its AI assistant called Quark, built right in. With this…
-
Tesla Signs $16.5B AI Chips Deal With Samsung
Tesla has entered into a $16.5 billion agreement with Samsung to produce its (Tesla’s) next-generation AI6 chip. The chips will be produced at Samsung’s new semiconductor facility in Texas, according to an X post by Elon Musk. The AI6 Chip The AI6 chip, also known as Hardware 6, is designed to power a range of…
-
DOGE Develops AI Tool to Review Federal Rules
The Department of Government Efficiency (DOGE) has developed a new AI tool to identify and eliminate outdated federal regulations. According to The Washington Post, the tool is called the AI Deregulation Decision Tool. A leaked PowerPoint presentation dated July 1 shows that it is already in use. The AI is currently reviewing around 200,000 federal…
-
Famous.ai Review: Build Real Apps with AI from Just a Prompt
Is it really possible to turn an app idea into a fully functional product just by describing it in plain English? That’s the core promise behind Famous.ai, an AI-powered, no-code app builder that claims to do exactly that – with full backend logic, database, deployment capabilities, and even direct submission to app stores. In a…
-
Why Online Gambling Platforms Are Investing in Smarter Payment Gateways: 7 Reasons
According to recent market research, the global online gambling market was approximately USD 78.7 billion in 2024, and will approximately reach $87.7 billion in 2025, and is expected to grow at a CAGR of 11.9 percent between 2025 and 2030. With more punters opting to use the internet to make bets at online casinos, sportsbooks,…
