Category: Ai updates
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Chinese open-weight models are cheap. Washington is deciding what that costs.
Enterprises evaluating Chinese open-weight models this month face a question that has nothing to do with benchmarks: whether using one will still be straightforward in a year. Moonshot AI’s Kimi K3 arrived on July 16 as the largest open-weight model yet released, and within days it had reopened a policy argument in Washington that had…
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Nandan Nilekani Steps Down as General Partner at Fundamentum as Firm Launches $200M Third Fund
Nandan Nilekani, co-founder of Infosys, is stepping down as general partner at Fundamentum Partnership, the venture capital firm he co-founded nearly a decade ago, as the firm launches its third fund targeting roughly $200 million. Nilekani will remain involved as the fund’s anchor investor and continue advising the firm and mentoring portfolio companies, according to…
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Christopher Nolan Says Public Skepticism Toward AI Is “Encouraging,” Compares Technology to a Trojan Horse
Christopher Nolan, director of the newly released “The Odyssey,” said he finds widespread public skepticism toward AI encouraging, particularly among young people. Speaking with interviewer Hugo Travers, Nolan compared AI to a Trojan horse, though one he described as transparent, saying its risks are already widely recognized rather than hidden. Nolan said he has rarely…
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AVELIN AI Closes $3.7M in Funding to Expand Sovereign AI Platform for Regulated Industries
AVELIN AI, a sovereign AI platform designed for enterprises and governments in regulated industries, has closed a $3.7 million pre-seed funding round backed by angel investors. The company will use the funding to expand commercially across the Middle East, Europe, and North America, scale its GPU infrastructure, and further develop its proprietary Cross-Model Fusion technology.…
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Roblox Launches AI-Powered “Build” Feature Allowing Users to Create Games From Text Prompts
Roblox announced a new feature called “Build” that allows users to design games directly from mobile devices using AI-generated text prompts, requiring no programming experience. The tool uses a combination of open-source and proprietary Roblox AI models to generate gameplay mechanics, environments, characters, visual style, and sound from simple prompts, after which users can modify…
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Nonprofit Current AI Builds Open, Multilingual AI Infrastructure to Serve Underrepresented Languages Globally
Current AI, a nonprofit founded by Martin Tisné, is developing open public AI infrastructure aimed at serving languages and communities largely overlooked by major AI systems. In February, the organization partnered with Bhashini, the Indian government’s AI language division, to launch Suno Sutra, an offline device supporting 22 Indian languages without requiring internet access. CEO…
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Ollama Secures $65M Series B Funding to Grow its Open-source AI Platform
Insider Brief Ollama, the largest developer platform for open models, has raised a $65 million Series B led by Theory Ventures, with participation from Benchmark, 8VC, Y Combinator, and others, bringing total funding to $88 million. Founded by Jeffrey Morgan and Michael Chiang, Ollama lets developers run open models locally or scale to its cloud…
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Kapture CX Announces $10M Pre-Series B Funding Led by Bajaj Finserv Ventures to Scale Agentic Enterprise Stack
Insider Brief Kapture CX, a verticalized full-stack agentic AI platform, has closed a $10 million pre-Series B funding round led by Bajaj Finserv Ventures, marking the firm’s first AI investment, with participation from existing investors Cactus Venture Partners and India Alternatives. The platform owns its full technology stack, from models to the agentic layer to…
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KAIST Researchers Develop Robot that Judges its Surroundings, Maneuvers Like an Animal
Insider Brief KAIST researchers developed APT-RL, a control method that lets a four-legged robot choose and switch among walking, running, jumping and other movements on rough terrain. The team tested the system on KAIST HOUND, which moved across indoor obstacle courses, campus terrain and forest trails while switching gaits in real time based on terrain…
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Prime Intellect Raises $130M Series A at $1 Billion Valuation to Power Enterprise AI Agent Development
Prime Intellect, a startup providing computing infrastructure and tools for building AI agents, has raised a $130 million Series A at a $1 billion valuation. The round was led by Radical Ventures, with participation from Nvidia Ventures, Intel Capital, Dell Technologies Capital, Iconiq, and several notable angel investors including Aravind Srinivas, Aaron Levie, Winston Weinberg,…
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