US in talks with AI companies over voluntary standards for new models
US in talks with AI companies over voluntary standards for new models

The US government is negotiating voluntary standards with AI companies covering how new models get released, according to the Financial Times, with an announcement said to be possible within the next week. The standards would reportedly set benchmarks …

Elon Musk categorically denies SpaceX is making an AI device with proprietary OS — says rumors of a handheld thinner than an iPhone are ‘utterly false’

SpaceX is reportedly working on a handheld device that runs a proprietary operating system and features advanced AI capabilities from xAI, but Elon Musk denies existence of the product.

SK Hynix will spend $51bn on a new NAND factory to catch the AI memory wave
SK Hynix will spend $51bn on a new NAND factory to catch the AI memory wave

SK Hynix will spend 80 trillion won, or roughly $51.46 billion, building a new NAND flash memory factory in Cheongju, South Korea, with production targeted to begin in the first half of 2029. Chief executive Kwak Noh-jung announced the plan at an event…

Belgian startup Visiblie raises €500K for AI search visibility

Visiblie, the Belgian startup helpingbusinesses improve their visibility in AI-powered search, has raised €500,000through a convertible loan funding round to support growth in the SME marketand accele…

University-founded AI tender startup BidScript exceeds $1M in total pre-seed funding

BidScript, anAI-native tender management platform that helps businesses find, manage andsubmit bids for public and private sector contracts, has raised $800,000 in itslatest funding round, taking its …

Together AI raises 800 million dollars in Series C as open-source cloud demand surges
Together AI raises 800 million dollars in Series C as open-source cloud demand surges

Together AI has raised 800 million dollars in a Series C round led by Aramco Ventures, valuing the company at more than eight billion dollars. The round also drew Vista Equity Partners, General Catalyst, Emergence Capital, Nvidia, March Capital, Pegatr…

SpaceX reportedly showed investors an AI device prototype, Musk says the report is false
SpaceX reportedly showed investors an AI device prototype, Musk says the report is false

SpaceX showed investors a prototype of a handset-like AI device before its record IPO, according to The Wall Street Journal. The prototype is reportedly slimmer than an iPhone, runs on a proprietary operating system, integrates technology from xAI, and…

Ashton Kutcher is leaving Sound Ventures to start a new VC firm with Morgan Beller
Ashton Kutcher is leaving Sound Ventures to start a new VC firm with Morgan Beller

Ashton Kutcher is leaving Sound Ventures, the firm he co-founded with Guy Oseary 11 years ago, to start a new venture capital firm with Morgan Beller, according to TechCrunch. The new firm will target early-stage investments in AI infrastructure, energ…

AI’s hopes and fears take over the world’s big central-bank gathering
AI’s hopes and fears take over the world’s big central-bank gathering

Every summer the world’s most powerful central bankers decamp to a hillside town outside Lisbon to argue about the economy in relative calm. This year the argument had a single organising subject, and it was not inflation in the usual sense. It was art…

Portugal open-sources Amália, its first national AI model, in a bet on European Portuguese
Portugal open-sources Amália, its first national AI model, in a bet on European Portuguese

A country of just over 10 million people now has a large language model that speaks its own version of the language. Portugal has released Amália, its first national AI model built specifically for European Portuguese, and it has done so in about the m…