BusinessRevenue-accounting dispute sparks sell-off among US AI stocksA disagreement over revenue accounting methods between AI firms has led to divergent headline revenue figures and a drop in US tech stocks.2 min read
BusinessTypeSafe AI raises $870M for Jev, a non-text transformer model valued at $7.5BTypeSafe AI has closed an $870 million funding round led by Andreessen Horowitz at a $7.5 billion valuation to scale Jev, its transformer-based model that produces probabilistic “calibrated decisions” instead of text.2 min read
BusinessInsurers and Legal Advisers Prepare for Liability Claims Linked to Agentic AI and CEOs' ResponsibilityInsurers and legal advisers are re-evaluating coverages as concerns grow that CEO liability and corporate policies could be tested by damage claims from agentic AI incidents.4 min read
BusinessDanu Robotics rolls out AI-powered H.E.R.O. for faster, cheaper recycling sortingEdinburgh-based Danu Robotics, founded by former London bank software developer Amy Ma, is commercializing H.E.R.O., an AI-driven robot that sorts recycling using a pincer claw.3 min read
BusinessDutch AI-powered Nexus platform and interceptor drones deployed to bolster Ukraine's air defenceAn Amsterdam software firm, Intelic, has developed an AI-driven Nexus system and interceptor drones now being used in Ukraine to counter escalating Russian drone and missile attacks.2 min read
BusinessSoftBank's Masayoshi Son reportedly exploring up to $100bn Gulf-backed AI acquisition fundFinancial Times reports that SoftBank CEO Masayoshi Son has held talks with Gulf officials about raising as much as $100 billion to finance a new AI-focused investment vehicle.2 min read
BusinessAnthropic commits $150 million to the Genesis Mission and expands Claude access to federal agenciesAnthropic announced it is allocating $150 million to an initiative called Genesis Mission and is making its AI, Claude, and technical support available to more than 15 U.S.1 min read
BusinessAI-driven surge lifts Samsung's Q3 operating profit nearly ninefold; chip shortage may last until 2027Samsung forecasted an operating profit of 107.4 trillion won for the third quarter, nearly nine times the prior year and above analyst consensus, driven by surging demand for AI-related data center chips.3 min read
BusinessArena raises $200M at $3.1B valuation as crowdsourced AI evaluation gains commercial tractionArena, born as a 2023 UC Berkeley research project that crowdsources human rankings of AI outputs, has closed a $200 million Series B at a $3.1 billion valuation after reporting $100 million in annualized run‑rate revenue in June.3 min read
BusinessTSMC posts record Q3 revenue as AI chip demand surgesTaiwan Semiconductor Manufacturing Company (TSMC) reported a record third-quarter revenue driven by strong demand for artificial-intelligence chips, with sales rising 50% year-on-year to NT$1.49 trillion (about $46.71 billion).2 min read
BusinessSamsung posts fourth straight record quarter on booming memory-chip demandSamsung expects about $80 billion in operating profit for the quarter ended in September, driven largely by surging demand for memory chips used in AI data centers.2 min read
BusinessTeen Founder Zach Yadegari Raises $10M for Persona, an AI Assistant with a $179 WearableZach Yadegari, co-founder of Cal AI, launched Persona, an AI agent startup that has raised $10 million led by Vine Ventures with participation from Cory Levy and Collective Global.4 min read
