BusinessMistral AI’s business model, financing and partnerships: a European AI decacorn carving its own pathMistral AI, the Paris-based decacorn, mixes model development with on-the-ground enterprise deployments and a push for European AI sovereignty.5 min read
BusinessQualcomm outlines full-stack AI infrastructure push to challenge NVIDIAQualcomm presented an ambitious strategy to expand beyond mobile chips into a full AI infrastructure business, aiming to more than double its non-phone revenue to $40 billion within three years and targeting a total addressable market of up to $1.7 trillion by 2030.3 min read
BusinessMeta turns excess AI compute into a cloud business to placate investorsMeta has begun offering surplus compute capacity to external customers, signaling a shift from earlier statements that any extra compute would be used to accelerate its core apps and advertising business.2 min read
BusinessAnthropic explores custom AI chip collaboration with SamsungAnthropic is reportedly discussing a custom AI chip with Samsung as it weighs options to reduce reliance on existing suppliers and respond to industry supply challenges.2 min read
BusinessSAP imposes hiring freeze and travel limits to fund AI prioritiesSAP has instituted a company-wide hiring freeze and capped travel to redirect savings toward artificial intelligence development and competitive defense, according to an internal memo reported by Bloomberg.3 min read
BusinessVenice raises $65M to offer privacy-focused, less-filtered AI accessVenice, an AI company founded by ShapeShift creator Erik Voorhees and cloud entrepreneur Jesse Proudman, raised $65 million at a $1 billion valuation to market a privacy-first, minimally filtered alternative to mainstream models like ChatGPT and Claude.2 min read
BusinessMicrosoft launches 'Frontier' unit with $2.5B and 6,000 experts to scale enterprise AI deploymentsMicrosoft announced the creation of Microsoft Frontier company, an operating business aimed at delivering enterprise AI implementations using Microsoft’s existing AI tools.2 min read
BusinessReport: SpaceX Allegedly Showed Slim AI Device to Investors, Musk Denies Plans to Produce ItThe Wall Street Journal reported that SpaceX demonstrated a thin, portable AI device to investors shortly before going public, reportedly running on a Qualcomm Snapdragon chip and SpaceX’s own operating system with xAI’s Grok integrated.2 min read
BusinessBhavin Turakhia invests $30M of his own money to build AI-native alternative to Microsoft OfficeIndian entrepreneur Bhavin Turakhia is committing $30 million of personal funds to found Neo, an enterprise work platform he says is rebuilt from scratch for the AI era.3 min read
BusinessAshton Kutcher leaves Sound Ventures to launch early-stage AI and deep-tech VC with Morgan BellerAshton Kutcher is departing Sound Ventures, the firm he co-founded with Guy Oseary 11 years ago, to start a separate venture capital fund with Morgan Beller.2 min read
BusinessWayve launches $85M employee share buyback at $8.5B valuationUK self-driving startup Wayve has opened an $85 million tender offer allowing employees to sell a portion of vested equity at the company's $8.5 billion valuation set in February.3 min read
BusinessFormer DeepMind Team’s EquiLibre Valued at $500M After Applying Poker AI to TradingThree ex-DeepMind researchers who built the poker-beating AI DeepStack have founded EquiLibre Technologies in Prague and applied reinforcement-learning methods to market trading.4 min read
