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DeepSeek closes $7bn-plus round with an unusual structure

DeepSeek, the Chinese AI lab that unsettled the industry with a cheap, capable model last year, has closed its first round of outside funding, raising roughly 50 billion yuan, about $7bn, in a deal whose structure is as notable as its size. The valuation lands between $52bn and $59bn, according to Reuters. The unusual part […]

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Florida sues TikTok over its child social-media law

Florida has sued TikTok, accusing the app of breaking the state’s law restricting minors’ access to social media and of misleading parents about what their children would find there. Attorney General James Uthmeier announced the suit on 15 June, filing it in St. Lucie County Circuit Court. The complaint alleges TikTok illegally let minors onto the platform, […]

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Alibaba unveils AI models for robots as China’s focus shifts to agents

Alibaba has revealed its first suite of AI models for robots, a move that says as much about where Chinese technology is heading as about the models themselves. The launch came as the industry pivots away from chatbots and towards agents, the systems meant to carry out complex tasks rather than just answer questions. At […]

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Anthropic curbs make the case for sovereign AI, Upstage chief says

When the US government ordered Anthropic to cut foreign access to its most capable models, and the company switched them off worldwide rather than try to comply selectively, it handed every advocate of home-grown AI a tidy piece of evidence. Sung Kim, chief executive of the South Korean startup Upstage, picked it up at a […]

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Exclusive: Optiak raises €4m to build an orchestration layer for enterprise AI

Optiak, a startup building what it calls a modular operating system for enterprise AI, has come out of stealth with a €4m pre-seed round, about $4.7m, led by Market One Capital, Next Tier Ventures, EA Ventures Plug and Play EMEA Fund and Mission. The company, the founders say, is trying to solve a problem most […]

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