Artificial Intelligence

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An OpenAI researcher is leaving to build a $2bn AI drug startup that has no name yet

No name. No product. No confirmed funding. And, possibly, a $2bn price tag. That is the shape of the newest bet in AI drug discovery. Miles Wang, a researcher at OpenAI, is leaving to start his own company, TechCrunch reported. He is in talks to raise about $200m at a $2bn valuation, with Lightspeed in […]

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Bliq.ai gets the green light for driverless cars in Finland

Bliq.ai has won approval to run driverless cars in Finland, its second EU market after Estonia. First stop is a Helsinki winter. Europe has another driverless car heading for its roads. Finland has cleared Bliq.ai to operate its Bliq Driverless vehicles on public roads, effective immediately. It is the second EU country to approve the […]

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Emergent hits a $1.5bn valuation as vibe coding mints another unicorn

Emergent’s vibe coding platform hit a $1.5bn valuation a year after launch. Its founder says most businesses do not need software, they need a way to turn how they work into it. “Most businesses don’t need any software. They need a way to turn how they actually work into software.” That is how Mukund Jha […]

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Spotify launches a conversational AI that lets you shape what plays by talking to the app

Spotify launched a conversational AI feature that lets Premium users type or speak directly in the app to control what plays, learn about music, and explore their listening history. The beta is rolling out for users 18 and older in the US, Ireland, and Sweden on iOS and Android. Users can ask Spotify to “play […]

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Chai Discovery raises $400M at $3.8bn as AI drug discovery moves from promise to deployment

Chai Discovery’s $400m raise triples its value to $3.8bn in seven months. It is the latest sign that AI drug discovery has moved from promise to deployment. AI drug discovery just minted another fast-rising star. Chai Discovery has raised a $400m Series C that values the San Francisco startup at $3.8bn, the company said. That […]

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South Korea will give all 52 million citizens free AI access, becoming the first G20 nation to do so

South Korea’s Ministry of Science and ICT opened bidding on July 13 for a free, unlimited AI chatbot and public-service agent available to all 52 million residents. The programme, called “AI for Everyone,” would make South Korea the first G20 nation to offer AI to its entire population as a public service. Two or three […]

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CXMT prices a record $8.5bn Shanghai IPO, valuing China’s memory champion at $85bn

China’s biggest memory chipmaker is about to test the public markets. ChangXin Memory Technologies, known as CXMT, has priced its Shanghai IPO at 8.66 yuan ($1.28) a share, the South China Morning Post reported. The sale will raise about 57.9 billion yuan, or $8.5bn. That would make it the largest listing by a Chinese semiconductor […]

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Reflection signs a $1bn AI compute deal with Nebius, its second big capacity grab in a month

Reflection AI has locked in more computing power. The US startup signed an AI compute deal worth more than $1bn with Nebius, the Amsterdam-based cloud provider, according to Bloomberg. The agreement runs through 2029. It gives Reflection access to Nvidia’s newest GB300 chips. Nebius confirmed the deal. Its shares have more than doubled this year […]

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DeepSeek is preparing an IPO and chasing a $71bn valuation, weeks after its first raise

DeepSeek is getting ready to go public. The Chinese AI lab has started laying the groundwork for an initial public offering, according to Bloomberg. It could file as soon as this year, with a debut targeted for 2027. First, though, it wants to raise more in private. The Hangzhou lab closed its first-ever outside round […]

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ASML plans to build EUV machines 30% faster as AI demand outstrips its production capacity

ASML is working to cut the time it takes to build and test its extreme ultraviolet lithography machines by roughly a third, CFO Roger Dassen told reporters on Wednesday. The cycle time, the period between starting production in ASML’s clean rooms and shipping, was about 22 weeks a few quarters ago. “We’re now looking at […]

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