China’s Psibot hits a $1.48bn valuation betting on ‘world models’

Viktor Wang has a favourite piece of history. In 2019, OpenAI’s GPT-2 showed that a machine trained on nothing but internet text could write like a person. It was crude, but it was a hinge. Wang thi [...]

Europe opens bidding for seven AI ‘gigafactories’ in a €30bn bid to catch up

The European Commission has opened the bidding to build up to seven AI “gigafactories,” vast computing hubs meant to give the bloc the raw power to train frontier AI models without depending on th [...]

Amazon seeks cheaper AI alternatives as Anthropic shifts to token-based pricing

Amazon is looking for cheaper alternatives to Anthropic’s Claude models after a renegotiated contract will shift to token-based pricing that could substantially increase the company’s AI costs, ac [...]

China’s CXMT wins a reported $3bn memory deal with Tencent

ChangXin Memory Technologies has agreed to supply Tencent with roughly $3bn of memory chips, two people familiar with the matter told Reuters, in a deal that would bind one of China’s largest cloud [...]

Cambridge built a planet-scale AI model, and skipped Nvidia to do it

The AI industry runs on Nvidia. A team at the University of Cambridge has just shown it does not have to. They have built a planetary-scale foundation model for the Earth, and every chip that trained [...]

Aachen’s amber raised €7mn to sell AI sovereignty to the Mittelstand

Aachen-based amber has closed a €7mn Series A. Ventech co-led it with NRW.Venture, the venture arm of NRW.BANK. NRW.BANK is the development bank owned by the German state of North Rhine-Westphalia. [...]

Oracle cuts about 500 jobs in Romania as AI restructuring rolls on

On the morning of June 25, Oracle began telling roughly 500 of its Romanian employees that their jobs were gone, part of the company’s long-running global reorganisation toward cloud and artificial [...]

Anthropic confirmed it is designing custom chips for Claude. It wants engineers who have “shipped silicon.”

Anthropic confirmed on Wednesday that it is building an in-house silicon team to design custom chips for Claude, the first time the company has publicly acknowledged the effort. A spokesperson told Bu [...]

Europe’s biggest tech CEOs have formed a standing lobby group with a direct line to von der Leyen

Seven of Europe’s largest technology companies have created a permanent dialogue with European Commission President Ursula von der Leyen, pressing the bloc to deregulate faster and let European firm [...]