We curate AI news developments for you.
TechCrunchFunding
Sean Parker is refocusing Stability AI on music, securing $76 million in funding from Sony, Warner, and Universal. The company released three audio models and AI music-editing software capable of generating tracks from text prompts.
CNBCFunding
Anthropic will invest $100 million to train nearly 10,000 AI engineers, partnering with a number of consulting firms.
The InformationFunding
AI cloud company Lambda said it has secured its first delayed draw term loan at over $1 billion to purchase more than 30,000 Nvidia graphics processing units. The fixed-rate facility carries an interest rate of 6.78%. Privately held Lambda said in an announcement late on Thursday the facility ...
BloombergFunding
Broadcom’s Wall Street syndicate is starting to gather $60 billion of fresh AI chip financing to benefit Anthropic PBC and other companies, according to people with knowledge of the matter. Carmen Reinicke has more on "Bloomberg Open Interest." (Source: Bloomberg)
Cohere BlogFunding
Cohere acquired Reliant AI to expand sovereign enterprise AI in biopharma and healthcare. The deal aims to enhance AI capabilities in the global healthcare sector.
Mistral AI NewsFunding
Mistral raised €3 billion in a Series D round, valuing the company at over €21 billion. The funding was led by Samsung Electronics, with participation from BlackRock and the Grand Duchy of Luxembourg.
Cohere BlogFunding
Cohere and Aleph Alpha signed a business combination agreement to form the first transatlantic sovereign AI solution, with plans for dual headquarters in Berlin and Toronto. The deal, pending regulatory approval, will expand Cohere's workforce to over 1,000 employees.
The InformationFunding
Infinigence AI, a Chinese provider of AI cloud infrastructure, has filed confidentially for an initial public offering in Hong Kong to raise several hundred million U.S. dollars, Bloomberg reported. The Shanghai-based company is currently valued at 14.3 billion yuan ($2.1 billion). It has raised ...
DigiTimesFunding
Volantis raised $88 million in Series A funding to develop photonic interconnect technology for AI inference. The goal is to overcome memory bottlenecks in AI chips.
The InformationFunding
Nvidia and SoftBank have each made the final $10 billion investment in each of their $30 billion pledges to OpenAI’s last funding round, according to a person with knowledge of the investments and a statement from SoftBank. OpenAI in March said it had $122 billion in commitments in a round that ...
The InformationFunding
Australian neocloud Sharon AI has secured $356 million through its first loan backed by its graphics processing units, making it the latest cloud provider to finance their expansion by borrowing against chips and cash flows from customer contracts. The senior secured facility carries an interest ...
TechCrunchFunding
Photon, an AI startup, held an app funeral and raised $4.5M in seed funding to develop agent-based platforms. It has 40,000 developers and 10x revenue growth in four months.
TechCrunchFunding
Satlyt, founded by Rama Afullo, raised $8M to develop software for running AI on satellites. The company's software will launch on a SpaceX rocket, working with NASA, Stellerian, and TakeMe2Space.
TechCrunchFunding
Flow Engineering, an AI startup for hardware design, raised $50 million in a Series B round at a $750 million valuation, backed by Valor, Atreides, and Sequoia. It serves clients including Rivian, General Motors, and Anduril.
Google: The KeywordFunding
Google.org announced support for three higher education initiatives to enhance AI readiness, including a program at 30 universities to improve adult learner success. The initiatives aim to expand career-connected learning and transform community college strategic planning.
Salesforce NewsFunding
Salesforce acquired Listen Labs, an AI customer research platform, to enhance its CRM capabilities. The deal, expected to close in Q4 2027, gives Salesforce access to a network of 50 million participants and AI-driven insights.
South China Morning PostFunding
AMD agreed to acquire World Labs, founded by Li Fei-Fei, for $8.2 billion in an all-stock deal to strengthen its AI capabilities against Nvidia. The deal, expected to close by year-end, includes World Labs' spatial-intelligence model expertise.
AMD Press ReleasesFunding
AMD acquired World Labs for $8.2 billion, adding AI research expertise led by Dr. Fei-Fei Li to enhance AI infrastructure and open ecosystem. The deal, expected to close by end of 2026, includes World Labs' spatial-intelligence models and robotic learning technology.
Intuit BlogFunding
Intuit announced five faculty research awards totaling $500,000 to universities including Stanford and UC San Diego, focusing on trust in AI decision-making. Projects include verified financial models, adaptive planning, and dynamic causal inference.
AMD Press ReleasesFunding
AMD acquired Taalas, a Canadian AI inference startup, to enhance its AI compute solutions. Taalas' technology optimizes inference dataflows and will be integrated with AMD Instinct GPUs.
Amazon ScienceFunding
Amazon announced 34 recipients of the $110 million Build on Trainium program, supporting AI research at 30 universities with compute credits and resources. The initiative focuses on areas like AI safety, multilingual models, and efficient LLMs, with projects including one using 1,024 Trainium chips for trillion-parameter models.
Amazon ScienceFunding
Amazon is providing the largest donation in history to the Lean Focused Research Organization (FRO) to advance the Lean programming language for AI safety. Lean is used in Amazon products like Bedrock AgentCore, SampCert, and AWS Neuron for mathematical verification.