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10 Jul 2025

Apple's AI Dilemma: Analysts Push for Perplexity Acquisition as Buyback Strategy Falters

Apple faces mounting pressure to revamp its AI strategy, with analysts suggesting the acquisition of Perplexity AI as a potential game-changer. The tech giant's reliance on stock buybacks is criticized as its market value declines amid AI competition.

6 Sources

AI Chip Startup Groq Seeks $500M Funding at $6B Valuation to Fulfill Saudi Deal

Groq, a U.S. AI chip startup, is in talks to raise up to $500 million at a $6 billion valuation to support its recent $1.5 billion deal with Saudi Arabia for advanced AI inference chips.

3 Sources

Blok Raises $7.5M to Revolutionize App Testing with AI-Powered User Simulations

Blok, an AI startup, secures $7.5 million in funding to develop AI agents that simulate human behavior for faster and more efficient software testing, potentially transforming the app development process.

2 Sources

OpenAI Finalizes $6.5 Billion Acquisition of Jony Ive's 'io Products Inc.' for AI Hardware Development

OpenAI has completed its acquisition of Jony Ive's AI hardware startup, now carefully referred to as 'io Products Inc.' The $6.5 billion deal aims to develop innovative AI-powered devices, merging Ive's design expertise with OpenAI's AI capabilities.

5 Sources

AI Startups Secure Billions in Loans Using NVIDIA GPUs as Collateral

AI startups are leveraging NVIDIA's AI GPUs as collateral to secure massive loans from financial institutions, with one company obtaining over $10 billion in funding. This new financial model raises questions about the long-term value and risks associated with using rapidly depreciating technology as loan security.

3 Sources

Perplexity Launches Comet: An AI-Powered Web Browser Challenging Google's Dominance

Perplexity introduces Comet, an AI-integrated web browser designed to revolutionize online search and browsing experiences, posing a potential challenge to Google Chrome's market leadership.

37 Sources

MaintainX Secures $150M Funding, Reaches $2.5B Valuation with AI-Powered Equipment Maintenance Platform

MaintainX, a startup specializing in AI-driven equipment maintenance and asset management, has raised $150 million in a Series D funding round, boosting its valuation to $2.5 billion. The company plans to enhance its AI capabilities to revolutionize industrial equipment maintenance.

3 Sources

09 Jul 2025

OpenAI's Financial Gamble: Massive Stock Compensation Amid AI Talent War

OpenAI's stock-based compensation surpasses its total revenue, raising concerns about financial sustainability and the ongoing AI talent war with Meta.

2 Sources

Karnataka and Berlin Forge Alliance for Startup Exchange and AI Collaboration

The Government of Karnataka and the State of Berlin have signed a Joint Declaration of Intent to foster startup exchange, soft-landing support, and collaboration in emerging technologies, with a focus on fintech, AI, IT/digitalisation, and life sciences.

2 Sources

Mistral AI in Talks to Raise $1 Billion, Expanding its AI Cloud Services

French AI startup Mistral is reportedly negotiating a $1 billion equity funding round, including debt financing, to bolster its position in the global AI market and fund its new AI cloud service, Mistral Compute.

5 Sources

Moonvalley's Marey: The Ethical AI Video Generator Revolutionizing Filmmaking

Moonvalley launches Marey, an AI video generation tool trained on fully licensed data, aiming to provide filmmakers with ethical and legally secure content creation options.

6 Sources

AI Drives Global Venture Funding Surge in Q2 2025, Reaching $91 Billion

Global venture funding reached $91 billion in Q2 2025, with AI sector dominating investments. U.S. startups saw a 75.6% funding increase, while VC firms faced fundraising challenges.

4 Sources

08 Jul 2025

Apple Acquires TrueMeeting and WhyLabs to Enhance AI Capabilities for Vision Pro and Apple Intelligence

Apple has quietly acquired two AI-focused companies, TrueMeeting and WhyLabs, to improve its Apple Vision Pro technology and strengthen Apple Intelligence initiatives, showcasing the tech giant's continued investment in AI and immersive experiences.

2 Sources

Subtl.ai's Shutdown Highlights Challenges in India's AI Startup Ecosystem

The closure of Subtl.ai, a promising GenAI startup, sheds light on the hurdles faced by AI ventures in India, including funding difficulties, market focus issues, and talent shortages.

2 Sources

07 Jul 2025

Groq Challenges Nvidia with European Expansion: AI Chip Startup Opens Helsinki Data Center

Groq, an AI chip startup, has established its first European data center in Helsinki, Finland, aiming to compete with Nvidia in the AI inference market. The company's rapid deployment and efficient chip design could reshape the AI hardware landscape.

5 Sources

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