Verse Enterprises, a San Francisco startup backed by Nvidia, raised $54 million in Series B funding led by Bessemer Venture Partners to help AI data centers bypass power grid bottlenecks. Its Dispatch…
Architect Labs, a Palo Alto startup, emerged from stealth with a $24 million seed round to develop an AI system that designs and verifies custom chips end-to-end. The company aims to democratize chip …
Gradial, a Seattle startup, raised $65 million in Series C funding led by Insight Partners at a $675 million valuation to build an AI orchestration layer for enterprise marketing. The company's agents…
Meta's Applied AI unit, a 6,500-person team created to power CEO Mark Zuckerberg's AI ambitions, is in turmoil after elite engineers were forcibly reassigned to data-labeling tasks, with employees des…
Adobe announced a major AI push this week, integrating a Firefly AI Assistant into Photoshop, Premiere, and other creative apps, partnering with Disney Imagineering for custom generative models, and l…
Accenture shares plunged 20% on Thursday, their worst one-day drop ever, after the consulting giant forecast weaker revenue amid investor fears that AI will disrupt its core business. Hours earlier, A…
Yann LeCun, the 'godfather of AI' and founder of AMI Labs, called Elon Musk's xAI a failure and warned of an AI bubble, citing high costs and talent issues. LeCun, who is selling an alternative AI app…
California anticipated a multibillion-dollar tax windfall from IPOs of SpaceX, OpenAI, and Anthropic, but modern compensation structures like single-trigger RSUs, tender offers, and loans-against-shar…
Comand AI, a Paris startup building AI software for military command and control, raised €32 million in Series A funding led by Blossom Capital with strategic investment from Saab. The company's platf…
Frontier Health, a London startup founded by ex-Palantir healthcare lead Rachel Finegold, raised $16 million in seed funding led by Atomico to deploy its AI agent JUNO for NHS administrative teams. Th…
Baseten is finalizing a $1.5bn funding round that values the company at up to $13bn, more than doubling its valuation from January. The San Francisco startup provides software and computing capacity f…
ByteDance is Microsoft's largest AI customer, spending over $1 billion annually on OpenAI models via Azure, even as U.S. regulators tighten rules on Chinese AI access. Microsoft's AI revenue in China …
Rockstar Games confirmed that Grand Theft Auto VI pre-orders open June 25 on PlayStation, Xbox, and select retailers, with a November 19 launch on PS5 and Xbox Series X/S. The cover art was revealed, …
Pramaana Labs raised $27 million in seed funding led by Khosla Ventures to develop an AI system that uses formal verification to ensure accuracy in law, tax, and drug discovery. The startup combines l…
Epic Games announced Unreal Engine 6 will integrate generative AI models like Anthropic's Claude and Google's Gemini to automate game development tasks, but over half of developers surveyed view gener…
NeuralTrust, a Barcelona startup, raised $20 million in seed funding to secure AI agents that large companies deploy faster than they can track. The round was led by Alstin Capital, with the company p…
EU Energy Commissioner Dan Jorgensen warned Big Tech that AI data centres are welcome in Europe only if they align with the bloc's climate goals, including using renewable or nuclear power and recycli…
Midjourney, the AI image-generation company, announced a full-body medical scanner at a San Francisco event on June 17, claiming it outperforms MRI machines in speed and safety. The device, built with…
Swiss startup Prem AI is raising $100 million in Series A funding at a $500 million valuation to provide hedge funds and law firms with private, self-hosted AI infrastructure. The company launched an …
Digital agencies are hitting a wall between their 50th and 100th active client as AI tools like ChatGPT absorb tasks that once anchored invoices, squeezing retainers. Thriving agencies are shifting to…