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Firmus and Nvidia partner to build 360MW AI data center in Indonesia with $30B in expected deals

Australian AI infrastructure firm Firmus Technologies will develop a 360-megawatt Nvidia DSX AI Factory campus in Batam, Indonesia, with access to 170,000 Nvidia chips. The eight-year partnership expects to generate $25 billion to $30 billion in committed offtake agreements during its first six years, positioning Batam as a major regional AI compute hub near Singapore.

Technology2 sources

Firmus and Nvidia partner to build 360MW AI data center in Indonesia with $30B in expected deals

Technology2 sources

BIS warns AI boom sustainability and rising debt pose mounting global risks to financial stability

The Bank for International Settlements issued an urgent warning about multiple threats to the global economy in its annual report. The central bank umbrella group identified four critical pressure points: renewed inflation risks, uncertainty over AI investment durability, financial fragilities from elevated asset valuations, and record-high public debt. BIS officials called for immediate policy action to prevent these vulnerabilities from amplifying one another.

Business3 sources

BIS warns AI boom sustainability and rising debt pose mounting global risks to financial stability

Business3 sources

General Intuition raises $320 million to build AI models that act in the physical world

General Intuition, a frontier AI lab, has secured $320 million in funding led by Khosla Ventures, with participation from Jeff Bezos and General Catalyst. The startup is training large action models using billions of gameplay clips from Medal's 17 million monthly users, aiming to create AI systems that can perceive environments and take real-time actions in both virtual and physical spaces.

Startups2 sources

General Intuition raises $320 million to build AI models that act in the physical world

Startups2 sources

Airwallex hits $11 billion valuation as fintech pivots to autonomous finance run by AI agents

Airwallex raised $320 million at an $11 billion valuation, marking a 38% jump in just six months. The global payments firm is betting heavily on autonomous finance and agentic commerce, launching two AI-native products designed to automate corporate finance functions and enable AI agents to transact on behalf of users. The move positions Airwallex in a competitive race against Stripe, OpenAI, and other major players building payment infrastructure for the emerging agentic economy.

Startups5 sources

Airwallex hits $11 billion valuation as fintech pivots to autonomous finance run by AI agents

Startups5 sources

DeepSeek launches massive hiring spree to double workforce after $7.4 billion funding round

Chinese AI company DeepSeek announced plans to double the size of all departments following a $7.4 billion fundraising round. The hiring push targets technical and engineering talent as the company shifts from pure research toward commercialization, intensifying China's AI talent war with rivals like ByteDance and Xiaomi actively poaching staff.

Startups5 sources

DeepSeek launches massive hiring spree to double workforce after $7.4 billion funding round

Startups5 sources

Patronus AI Raises $50M to Build Digital Worlds That Stress-Test AI Agents Before Deployment

Patronus AI has secured $50 million in Series B funding to expand its simulated testing environments for AI agents. Founded by former Meta AI researchers, the company builds digital world models that replicate real websites and systems, allowing developers to stress-test AI agents using reinforcement learning before they handle complex tasks like financial analysis or software engineering.

Startups4 sources

Patronus AI Raises $50M to Build Digital Worlds That Stress-Test AI Agents Before Deployment

Startups4 sources

Scaled Cognition raises $100M from Khosla to eliminate AI hallucinations with new architecture

Scaled Cognition, a Mountain View AI lab, has secured $100 million in Series A funding led by Khosla Ventures at a $750 million valuation. The startup claims its Agentic Pretrained Transformer model eliminates hallucinations by engineering reliability into the architecture, not bolting it on afterward. Fortune 500 companies in finance, healthcare, and insurance are already using the system.

Startups2 sources

Scaled Cognition raises $100M from Khosla to eliminate AI hallucinations with new architecture

Startups2 sources

Netris raises $15M Series A from a16z to automate networks for AI neoclouds launching GPU clusters

Santa Clara startup Netris has raised $15 million in Series A funding from Andreessen Horowitz to automate the networking layer inside GPU data centers. The company reports 800 percent annual revenue growth and is now live at more than 35 GPU clusters worldwide, serving operators like Lightning AI, Foxconn, HPE, and TensorWave. The funding addresses a critical bottleneck in AI infrastructure where expensive GPUs sit idle for months during network configuration.

Startups2 sources

Netris raises $15M Series A from a16z to automate networks for AI neoclouds launching GPU clusters

Startups2 sources

Sail Research raises $80M to slash costs for running AI agents by up to 10 times

Sail Research, founded by ex-Apple and ex-NVIDIA engineers, has emerged from stealth with $80 million in funding to tackle one of AI's most expensive problems. The startup claims it can serve tokens at up to 10 times lower cost by building AI infrastructure specifically for autonomous AI agents that run for hours or days, rather than quick chatbot exchanges.

Startups2 sources

Sail Research raises $80M to slash costs for running AI agents by up to 10 times

Startups2 sources

Alan raises €480M led by Prosus at €5.5 billion valuation for AI-driven prevention insurance

French insurtech Alan has secured €480M in Series G funding led by Prosus at a €5.5 billion valuation, just three months after its previous round. The Paris-based company is reshaping health insurance with AI-driven prevention, bundling health cover, care navigation, and wellbeing services into a single platform that acts before illness strikes.

Startups2 sources

Alan raises €480M led by Prosus at €5.5 billion valuation for AI-driven prevention insurance

Startups2 sources

Runpod raises $100M at $1 billion valuation as AI developers scramble for computing power

Runpod has raised $100M in Series A funding led by Summit Partners, achieving a $1 billion valuation—a tenfold jump in under two years. The cloud startup rents AI computing power to over one million developers, offering a full-cycle platform for experimentation, training, and deployment. The company rejected buyout offers worth more than $500M to stay independent.

Startups2 sources

Runpod raises $100M at $1 billion valuation as AI developers scramble for computing power

Startups2 sources

Indian Government Set to Acquire Minority Stake in Sarvam AI Through IndiaAI Mission Support

The Indian government could secure a 1-2% stake in AI startup Sarvam as part of its $300 million funding round, marking a rare instance of direct equity holding in a private AI company. The stake stems from compute infrastructure provided under the IndiaAI Mission, where compulsorily convertible debentures will convert to equity at a $1.5 billion valuation.

Business2 sources

Indian Government Set to Acquire Minority Stake in Sarvam AI Through IndiaAI Mission Support

Business2 sources

AI Giants Fund $500M RAISE US Initiative to Retrain Workers Facing AI-Driven Job Displacement

Amazon, Microsoft, OpenAI, and Anthropic have joined forces to fund RAISE US, a new nonprofit led by former Commerce Secretary Gina Raimondo that aims to help American workers navigate the AI transition. With over $500 million already secured toward a $1 billion goal, the initiative will pilot workforce programs across multiple states to address AI-driven job displacement.

Policy11 sources

AI Giants Fund $500M RAISE US Initiative to Retrain Workers Facing AI-Driven Job Displacement

Policy11 sources

Japan unveils $2.3 trillion investment plan targeting AI and semiconductors over 14 years

Prime Minister Sanae Takaichi announced a massive ¥370 trillion investment strategy spanning 17 critical sectors through 2041, with ¥101.6 trillion dedicated to artificial intelligence and chip manufacturing. The plan aims to strengthen economic security and address labor shortages, but economists warn about potential fiscal risks and market distortions.

Business2 sources

Japan unveils $2.3 trillion investment plan targeting AI and semiconductors over 14 years

Business2 sources

Ornn raises $33M to transform AI compute into a tradable commodity like oil

MIT graduates launch Ornn with $33 million in seed funding to create the world's first compute marketplace. Led by a16z crypto and Galaxy Ventures, the platform aims to bring transparency to GPU pricing and let companies trade AI compute capacity like commodities. Intercontinental Exchange plans to use Ornn's index for futures contracts.

Startups2 sources

Ornn raises $33M to transform AI compute into a tradable commodity like oil

Startups2 sources

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