Artificial Intelligence

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Arena, the AI leaderboard everyone uses, just became a 100 million dollar business

Arena, the crowdsourced AI leaderboard that started as a UC Berkeley research project in 2023, has reached 100 million dollars in annualized revenue just eight months after launching its first commercial product. The platform is best known for letting users compare two anonymous AI model responses side by side and vote on which is better. […]

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Cursor launches an iOS app that lets developers run coding agents from their phone

Cursor launched an iOS mobile app today that lets developers spin up and manage AI coding agents directly from their phone. The app connects to the desktop version of Cursor and allows users to start new coding sessions, review agent output, and interact with running agents while away from their computer. It is the clearest […]

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TIDAL will strip royalties from AI-generated music and tag every track it catches

TIDAL is cutting off the money supply for AI-generated music. The streaming service announced a new policy that will prevent fully AI-generated tracks from earning royalties, collecting revenue from direct-to-fan sales, or being monetised in any way on its platform. TIDAL will also use automated tools to identify and remove AI-generated music that attempts to […]

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A former Tesla Optimus engineer settled a trade secret lawsuit and raised $11M to build the robot hands his old employer still cannot crack

Proception, a robotics startup founded by former Tesla Optimus engineer Jay Li, has settled a year-long trade secret lawsuit with Tesla and raised an $11 million seed round led by First Round Capital to build dexterous robotic hands. The company told TechCrunch it is now shipping the first batch of its high-dexterity hand to researchers […]

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Google Cloud will sell specialist AI models built for science

Google is adding SandboxAQ’s ‘large quantitative models’ to its cloud marketplace, pairing Gemini with AI trained on scientific equations and laboratory data. The large language models that power most of the AI industry are very good at words and surprisingly unreliable at numbers. Google’s latest move is an admission that, for science, a different kind […]

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Self-driving firm Momenta opens $752mn Hong Kong IPO

Momenta is heading to the public markets. The self-driving software firm has opened its Hong Kong IPO, seeking up to $752mn to pour into AI research and robotaxis. The Momenta IPO would value the GM-backed company at close to $9bn. The Suzhou-based company started taking investor orders this week under stock code 6880. It is […]

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Flock’s surveillance cameras are spreading fast across the US

Most people call them automated licence plate readers, or ALPRs. They sit beside roads and log every car that passes. Flock Safety dominates the market. Engadget reports that Flock makes the vast majority of the 100,000-plus readers now blanketing the US. Calling them licence plate readers undersells them. Reading plates is the main job, but […]

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South Korea bets $880bn to win the AI era

South Korea has placed its biggest bet yet on the AI era. The plan commits at least $880bn over a decade to chips, data centres and robots. It is the boldest South Korea AI investment to date, and the government says speed is now the only way to survive. President Lee Jae Myung unveiled the […]

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DeepSeek’s $7.4bn raise is one symptom of China’s AI cash surge

China’s AI sector is not short of cash. If anything, American pressure is pumping more in. DeepSeek shows the pattern best. The Hangzhou lab closed a $7.4bn round, the biggest first-time raise by a Chinese startup, at a valuation above $50bn. It had run for three years on founder Liang Wenfeng’s own wealth and never […]

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OpenAI may delay its IPO to 2027 to hold out for $1tn

Patience has a price, and someone else is paying it. OpenAI may wait until 2027 to go public. The wait is meant to buy a bigger number. OpenAI is weighing a listing as late as 2027, Bloomberg reported. That timeline could see it go public after its rival Anthropic. Altman has reportedly rejected an earlier […]

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