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01 Jul 2025

Zango Raises $4.8M to Revolutionize Financial Compliance with AI Agents

Zango, an AI-powered regulatory compliance startup, secures $4.8 million in funding to transform how financial institutions manage regulatory requirements using agentic AI.

5 Sources

Chinese AI Chip Startups Moore Threads and MetaX Plan $1.7 Billion IPOs Amid US Export Curbs

Two Chinese AI chip startups, Moore Threads and MetaX, are seeking to raise $1.65 billion in IPOs, capitalizing on China's push for domestic GPU development amid US export restrictions.

7 Sources

Telangana Launches TGDeX: India's First State-Led AI Public Infrastructure

Telangana government, in collaboration with JICA, is launching TGDeX, India's first state-led digital public infrastructure for AI. The platform aims to foster cross-domain AI innovation by providing access to high-quality datasets and collaborative tools.

4 Sources

UK Government Launches New App with AI Integration Plans

The UK government has released a new mobile app to streamline access to public services, with plans to integrate AI features and digital ID capabilities in the future.

3 Sources

EU's AI Gigafactory Initiative Attracts Overwhelming Interest from Tech Industry

The European Commission's call for AI Gigafactories has received 76 expressions of interest from various companies, showcasing Europe's ambition to become a global AI powerhouse.

5 Sources

Europol Dismantles $540 Million Cryptocurrency Fraud Ring: AI's Role in Sophisticated Scams

Europol, in collaboration with international law enforcement, has disrupted a major cryptocurrency fraud operation, arresting five suspects and uncovering a complex network of money laundering and AI-enhanced scams.

2 Sources

Palantir and Accenture Join Forces to Boost AI Implementation in U.S. Federal Agencies

Palantir Technologies and Accenture Federal Services have formed a strategic partnership to enhance AI capabilities in U.S. government operations, focusing on modernizing workflows and improving decision-making processes.

2 Sources

NATO Innovation Fund Invests in AI-Powered Biotech Startup to Counter Biological Threats

NATO's venture capital arm makes its first investment in biotechnology, backing Portal Biotech's AI-driven pathogen detection technology to enhance defenses against biological warfare.

2 Sources

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