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30 Apr 2025

Cast AI Raises $108M to Optimize Cloud Resources for AI and Kubernetes Workloads

Cast AI, a cloud optimization startup, secures $108 million in Series C funding to expand its automation platform for managing AI and Kubernetes workloads, reaching near-unicorn status with a valuation of $850 million.

5 Sources

Rogo Secures $50 Million in Funding to Develop AI-Powered Investment Banking Tools

Rogo, an AI startup developing tools to automate investment banking tasks, has raised $50 million in a Series B round led by Thrive Capital. The funding will be used to advance its AI models for financial analysis and decision-making.

2 Sources

ASE Technology Evaluates Support for Nvidia's $500 Billion US AI Server Plan

Taiwan's ASE Technology, the world's largest chip packaging and testing provider, is considering how to support Nvidia's ambitious $500 billion plan to build AI servers in the US over the next four years.

3 Sources

Datavault AI Secures Stockholder Approval for Strategic Acquisition of CompuSystems

Datavault AI, a leader in AI data experience and monetization, has received majority stockholder approval for its acquisition of CompuSystems (CSI). The deal is expected to close around May 19, 2025, marking a significant milestone in Datavault AI's growth strategy.

2 Sources

Grindery Unveils Aventino: A Wallet Infrastructure for AI Agents

Grindery, backed by Binance Labs (now Yzi Labs), introduces Aventino, a permissionless payments layer for autonomous AI agents, leveraging their success in crypto wallets to revolutionize AI-blockchain integration.

2 Sources

Akamai Launches Firewall for AI: Securing Next-Gen AI Applications Against Emerging Threats

Akamai introduces Firewall for AI, a specialized cybersecurity solution designed to protect AI-powered applications, LLMs, and AI-driven APIs from evolving threats, addressing the unique security challenges posed by widespread AI adoption.

4 Sources

Super Micro Computer Faces Setback as Revenue Forecast Cut Sparks AI Spending Concerns

Super Micro Computer slashes revenue forecast due to delayed customer purchases, raising questions about AI infrastructure spending amid economic uncertainty. Analysts debate whether this indicates a broader industry slowdown or company-specific issues.

15 Sources

Aurora Mobile's GPTBots.ai Integrates Alibaba's Qwen3 Model to Enhance Enterprise AI Solutions

Aurora Mobile has integrated Alibaba's Qwen3 model into its GPTBots.ai platform, enhancing its AI capabilities for enterprise clients. This integration aims to improve multilingual support, automate standard operating procedures, and provide real-time data insights for businesses.

3 Sources

TCS Expands Partnership with SAP to Accelerate GenAI and Cloud Adoption for Enterprise Transformation

Tata Consultancy Services (TCS) has expanded its long-standing partnership with SAP to drive enterprise-wide adoption of generative AI and cloud technologies, aiming to support large-scale business transformation for global customers.

2 Sources

Rakuten to Invest $100 Million in India, Boost AI-Driven Operations

Japan's Rakuten plans to invest at least $100 million in India, increase hiring by 8%, and focus on AI-savvy talent to enhance its global operations and technology infrastructure.

3 Sources

Xiaomi Enters AI Race with MiMo-7B, Challenging OpenAI and Alibaba

Xiaomi releases open-source AI model MiMo-7B, claiming superior performance over OpenAI's o1-mini in certain tasks. This move puts Xiaomi in direct competition with other Chinese tech giants in the AI space.

3 Sources

Banque Raiffeisen Partners with nCino for AI-Powered Loan Management Digitalization

Luxembourg's Banque Raiffeisen chooses nCino's AI-powered platform to digitize its loan and credit chain management, marking nCino's entry into the Luxembourg market and expanding its European presence.

2 Sources

Intel Unveils AI-Focused 18A Process Node Variants and Foundry Roadmap

Intel announces two new variants of its 18A process node, emphasizing AI capabilities and advanced packaging technologies. The company also outlines its foundry roadmap with a strong focus on AI integration.

2 Sources

Super Micro's Q3 Warning Sends Ripples Through AI Hardware Sector

Super Micro Computer's disappointing Q3 preliminary results impact stock prices of Dell and NVIDIA, highlighting challenges in the AI server market.

2 Sources

Freepik Launches F Lite: An Open AI Image Generator Trained on Licensed Data

Freepik introduces F Lite, an open-source AI image generator trained exclusively on commercially licensed images, addressing copyright concerns in the AI industry.

3 Sources

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