Artificial Intelligence

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MIT built a memory system that lets robots remember where you left your keys

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Robots are still surprisingly bad at remembering where things are. You might recall that your keys were on the kitchen counter last night. A robot working beside you would struggle to connect that object and location in a useful way. MIT researchers built a system called DAAAM to fix that. DAAAM stands for Describe Anything, […]

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EU tells Big Tech to align AI data centres with climate goals or stay away

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The European Union’s energy chief has told the AI industry it is welcome in Europe, but only on the bloc’s terms. In an interview with Politico, Energy Commissioner Dan Jørgensen said companies must demonstrate commitment to the EU’s energy, climate, and environmental goals if they want to build data centres on the continent. That means supporting […]

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Midjourney says its new full-body scanner beats an MRI. It has never built hardware before.

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Midjourney, the company best known for turning text prompts into images, has announced something it has never made before: hardware. And not a phone case or a pair of glasses, but a full-body medical scanner. At an event in San Francisco on June 17, founder David Holz unveiled “The Midjourney Scanner,” and a new division […]

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Swiss startup Prem AI is raising $100M so hedge funds and law firms can own their AI instead of renting it

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Prem AI, a Swiss startup that helps hedge funds and law firms run AI models on their own infrastructure, is raising $100 million in a Series A at a valuation of at least $500 million. The company expects to close the round in the third quarter. CEO and founder Simone Giacomelli said the pitch is […]

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ECB’s Lagarde says AI could trigger financial crises and calls for Cold War-style non-proliferation governance

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ECB President Christine Lagarde warned on Wednesday that artificial intelligence could trigger dangerous financial crises and called for global AI governance modelled on the Cold War-era non-proliferation agreements that kept the world safe from nuclear weapons. She spoke in Venice, the sharpest framing yet from a central bank chief on the systemic risks AI poses […]

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A Colombian AI startup wants to assist half of Latin America’s doctors. Andreessen Horowitz just backed it.

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Telepatia, an AI clinical assistant built for Latin American healthcare, has raised $33 million in a Series A led by Andreessen Horowitz. The company wants to reach half of the region’s 1.9 million doctors by the end of 2027. Total funding is now $42 million, with early backers including Palantir CTO Shyam Sankar, Rappi founder […]

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China pitches free AI for the developing world as the G7 debates who gets access to American models

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China’s top diplomat Wang Yi announced on Wednesday that Beijing is “accelerating the establishment of a global AI cooperation organization” and invited all countries to join. The comments came as the G7 summit in France wrapped up with discussions about giving “trusted partners” access to leading US AI models, according to Reuters. Two competing visions […]

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Apple investors are running out of patience with its AI promises

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Apple investors are losing patience with the company’s AI strategy. The stock is coming off its worst week since February after the annual Worldwide Developers Conference failed to convince Wall Street that a long-promised upgrade cycle is any closer to arriving. “There’s a bit of fatigue with Apple and AI,” Tim Chubb, chief investment officer at Girard, […]

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Anthropic and Google DeepMind called for a US-led AI coalition at the G7, and Canada said yes

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Anthropic CEO Dario Amodei and Google DeepMind’s Demis Hassabis used a closed-door lunch at the G7 summit on Wednesday to call for a US-led coalition that would shape international rules and standards for artificial intelligence, according to two people with knowledge of the discussions who spoke to CNBC on condition of anonymity. Canadian Prime Minister […]

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Allbirds sells its shoes, renames itself Smartbird, and says it is now an AI infrastructure company

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Allbirds, the sustainable footwear company that went public at a $4.1 billion valuation in 2021, has officially renamed itself Smartbird and appointed a new chief executive to lead its pivot into AI compute. Shares surged more than 50% on Wednesday morning before pulling back. The rebrand completes a transformation first announced in April, when the company […]

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