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Recursive releases Flint, a laptop coding model largely built by its own AI

Recursive Superintelligence, the startup trying to build AI that improves itself, has released its first model. Flint is a free coding model small enough to run on a laptop. Recursive says its own automated research system helped build nearly every part of it. The company announced Flint on Wednesday and published the weights on Hugging […]

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Eka Robotics raises $150M to teach robots to grip by feel

Eka Robotics, a Cambridge, Massachusetts startup building robots that handle objects by touch as well as sight, has raised a $150M Series A. Andreessen Horowitz (a16z) and F-Prime led the round, Eka announced on its blog on Tuesday. The round values the company at $1.45B post-money, Tim Fernholz reported for TechCrunch. F-Prime is a venture […]

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Formic raises $50M to bring general-purpose robots to US factories

Formic, a Chicago company that rents robots to American factories, has raised $50M. Today its robots are built for specific tasks. The money will help it move to general-purpose machines that can take on more kinds of factory work. Axios first reported the round on Thursday, after chief executive Saman Farid spoke to Natalie Breymeyer. […]

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Rivian buys Third Dimension AI to turn real roads into 3D test worlds

Rivian has bought Third Dimension AI, a startup that turns real-world camera footage into 3D scenes. The carmaker will use them to train and test its driver assistance and self-driving software. Rivian announced the deal on Thursday and did not disclose the terms. Tolga Kart and Piotr Sokolski founded Third Dimension in 2024. It has […]

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Maxinsights raises $30M to turn everyday chores into robot training data

Maxinsights pays people to wear cameras while they cook, clean and work. The Santa Clara startup has now raised $30M in seed funding to turn that footage into training data for robots. Peak XV led the round, the company announced on Thursday. Tola Capital, South Park Commons, INCE Capital and Alumni Ventures also took part. […]

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Xona raises $250M at a $2.45B valuation to build a rival to GPS

Xona, a California startup building a satellite navigation network in low Earth orbit, has raised $250 million at a $2.45 billion valuation. Steve Jurvetson’s Future Ventures led the Series D, Xona said on Thursday. The round comes seven months after a $170 million Series C. It takes Xona’s total funding since 2019 past $570 million. […]

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Google funds a 1GW virtual power plant with Voltus on the PJM grid

Google will fund a 1 gigawatt virtual power plant run by Voltus on the PJM grid, to supply capacity for its operations there. The deal adds 1,070 megawatts to the 100 megawatts the two agreed in June, the companies said on Thursday. PJM serves 67 million customers across 13 states and the District of Columbia. […]

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Web Summit survey: 59% in tech say AI has increased their workload

Almost six in 10 people working in tech say AI has added to their workload rather than cutting it. That is the headline finding of Web Summit’s first State of the Industry report, published on Thursday. Some 59% said their workload had increased, 20% said it had fallen and 20% saw little change. Web Summit […]

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Korean AI data centre firm Elice sinks 32% in a record-worst IPO debut

Shares in Elice, a South Korean AI data centre company, fell 32% on their first day of trading in Seoul on Tuesday. It was the worst debut on record for a Korean IPO of $100m or more, according to data compiled by Bloomberg, as Yoolim Lee and Youkyung Lee reported. Elice raised 201.1bn won ($151m) […]

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Ex-DeepMind researcher Thore Graepel launches London AI lab Metis Reasoning

Thore Graepel, who helped build Google DeepMind’s AlphaGo, has launched Metis Reasoning in London. The company’s founding claim is that large language models cannot be trusted to reason. Its founders want to apply the lessons of AlphaGo to general reasoning instead. The company set out its thesis in a white paper titled “The Age of […]

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