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Andreessen Horowitz invested in Rillet — an AI platform for corporate finance and accounting
Andreessen Horowitz invested in Rillet, a platform that applies AI to optimize financial processes and accounting, making the corporate back office faster and more accurate.
Allbirds moves from footwear to AI infrastructure, and the market recalls the dot-com era
Sneaker maker Allbirds is selling its footwear business, raising $50 million for GPU infrastructure, and renaming itself NewBird AI, while the market reaction increasingly resembles the dot-com bubble.
iQiyi launches its biggest overhaul in 16 years and bets on AI content
Chinese streaming service iQiyi wants a significant share of films and series to be created by AI within five years and is reshaping the platform into a social media ecosystem.
Victory Giant raises $2.6 billion in Hong Kong and bets on five years of AI-driven growth
Chinese printed circuit board maker Victory Giant surged in its Hong Kong trading debut after a $2.6 billion IPO and expects rapid business growth amid the AI boom.
Fermi loses the market's confidence after sudden departure of CEO and finance chief
Fermi, a developer of nuclear power for AI data centers, came under pressure: after the sudden departure of its CEO and CFO, the market began to question the project's viability and financing.
Elon Musk’s case against OpenAI stalls: first week deepens doubts about the lawsuit
In the first week of the trial against OpenAI, Elon Musk tried to convince jurors that the company had been “stolen” from him, but documents, questioning and the judge’s remarks made the story far more complicated.
Bumble launches AI assistant Dates to move dating away from endless swiping
Bumble introduced the opt-in Dates mode: AI first has a private conversation about values and goals, then suggests more compatible matches instead of the usual stream of swipes.
Meta is preparing four generations of AI chips, while Uber will launch Zoox robotaxis in Las Vegas
Oracle posted a strong quarter amid the AI computing boom, Meta is accelerating the rollout of its own chips, and Uber is preparing to launch Zoox robotaxis in Las Vegas in summer 2026.
Alibaba-backed startup PixVerse raises $300 million and becomes a unicorn
PixVerse, an Alibaba-backed video startup, has raised $300 million in new funding and reached a unicorn valuation amid the intensifying race in generative video.
Wonderful raises $150M for AI support agents, reaches $2B valuation
Israeli startup Wonderful has closed a $150M Series B, reached a $2B valuation, and is accelerating the rollout of AI support agents for large companies across 30+ countries.
Nvidia loses two senior executives as they join investment firm Era with a $250 million fund
Jeffrey Levin and Max Cohen have left Nvidia to join New York-based Era, which is raising $250 million to invest in AI startups and infrastructure.
The OpenClaw frenzy in China tests how Beijing and Xi Jinping will regulate AI
A wave of interest in OpenClaw in China is forcing Beijing to reassess its AI policy: how to accelerate innovation without losing control over data and model distribution.
Lovable Revenue Hits $400M ARR Amid the AI Coding Tools Boom
Swedish AI startup Lovable said it has reached $400M ARR: demand for services that help people write code without deep development skills is growing quickly among both companies and beginners.
Dell and the U.S. Department of Energy build national AI infrastructure for science and government missions
Dell and the U.S. Department of Energy are launching a joint effort to build a national AI infrastructure, from supercomputers for science to the Genesis Mission platform for energy, materials, and biomedicine.
Humanoid: demand for humanoid robots is surging, deployments will begin as early as 2026
Humanoid’s CTO said demand for humanoid robots is “off the charts”: the company has already completed eight pilots and is preparing its first working systems for the end of the year.
Cambricon turns annual profit for the first time amid China’s AI chip boom
Chinese AI chip developer Cambricon ended the year in profit for the first time as demand rose amid Nvidia restrictions and Beijing’s push for domestic accelerators.
Singapore has invested more than S$1 billion in AI, but AI Singapore sees a shortage of people who can build it
Despite billion-dollar investments in AI, Singapore risks producing large numbers of certified users without training enough engineers and researchers in time.
Alphabet and Amazon show returns from AI while Meta lags in the investment race
A new round of quarterly reports showed that AI investments are already delivering results for Alphabet and Amazon, while Meta is stalling and Anthropic and Stripe are raising the stakes.
Amazon to pair giant Cerebras chips with Trainium to run AI models
Amazon will use chips from startup Cerebras alongside its own Trainium chips to run AI models more efficiently and increase the flexibility of its compute infrastructure.
Elon Musk vows to rebuild xAI after a new wave of co-founder departures
Elon Musk said he will rebuild xAI after a string of departures from the company: staffing turbulence has intensified questions about the startup’s growth pace and its longer-term strategy.
Nvidia partner Hon Hai posts lower profit, deepening concerns over demand for AI servers
Hon Hai, one of Nvidia’s key partners in server hardware, reported a 2.4% drop in quarterly profit, and the market saw it as a possible sign of cooling demand for AI infrastructure.
Alibaba combines AI services into a new business unit to boost profit growth
Alibaba is creating a separate unit that will bring together the company's fragmented AI services and development efforts so it can turn technology projects into revenue and profit more quickly.
xAI hires bankers and credit experts to strengthen Grok in finance
xAI wants to train Grok in financial strategy with the help of bankers and private credit specialists, betting on a more professional and higher-priced segment of AI tools.
Meta to spend up to $27 billion on Nebius Group AI infrastructure over the next five years
Meta is prepared to spend up to $27 billion over five years for access to Nebius Group's AI infrastructure, showing that competition for computing capacity is becoming the main battleground in the AI market.
Meta expands AI deal with Nebius, OpenAI seeks partners, and Nvidia launches GTC
Meta is strengthening access to compute through Nebius, OpenAI is preparing a joint venture for the enterprise market, and Nvidia’s GTC conference is expected to set the tone for the next phase of the AI race.
Nvidia expects up to $1 trillion in revenue from AI chips by 2027 and unveiled new products
At its annual event, Nvidia said its flagship AI processors could generate up to $1 trillion in sales by 2027, while also unveiling new products for AI infrastructure.
Nvidia expects to make at least $1 trillion from Blackwell and Rubin AI chips
Nvidia CEO Jensen Huang said at GTC in San Jose that the Blackwell and Rubin chips should bring the company at least $1 trillion by the end of 2027.
Trustpilot sets its sights on e-commerce deals and expects margins to double by 2030
Trustpilot is seeking deals with major e-commerce platforms and expects to double its margin by 2030, leveraging growing demand for AI models and the value of review data.
Tailscale acquired Border0 to protect enterprise networks from the influx of AI agents
Canadian company Tailscale made its first acquisition by buying Border0: the company is strengthening access control tools as AI agents increasingly connect to servers and internal systems.
Nordea ready to cut up to 5% of its workforce, expecting cost savings from AI
Scandinavian bank Nordea has put up to 1,500 jobs at risk: the company expects AI adoption to speed up internal processes, improve efficiency and reduce costs.