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Nick Clegg joins HIRO Capital to invest in spatial AI innovation across Europe

Former Meta executive Nick Clegg has joined venture capital firm HIRO Capital as a general partner to focus on spatial AI opportunities in Europe. The new HIRO III fund aims to deploy over 500 million euros across robotics, augmented reality, and autonomous technologies, with former Meta chief AI scientist Yann LeCun joining as an advisor.

Business2 sources

Nick Clegg joins HIRO Capital to invest in spatial AI innovation across Europe

Business2 sources

Surf Raises $15 Million to Build AI Platform Specialized for the Crypto World

Surf, an AI platform designed specifically for cryptocurrency analysis, has raised $15 million in funding led by Pantera Capital, with participation from Coinbase Ventures and Digital Currency Group. The startup aims to eliminate hallucinations that plague mainstream AI models when answering crypto questions, offering traders accurate and reliable information for traders through specialized models trained exclusively on digital assets.

Startups2 sources

Surf Raises $15 Million to Build AI Platform Specialized for the Crypto World

Startups2 sources

UAE bets $147 billion on Artificial Intelligence to drive economic diversification beyond oil

The UAE is constructing a massive AI campus in Abu Dhabi's desert, a quarter the size of Paris, powered by five gigawatts of electricity. With over $147 billion invested since 2024 and partnerships with tech giants like Microsoft, OpenAI, and Nvidia, the oil-rich nation aims to become an AI-native powerhouse. But fierce competition from the US and China means success remains uncertain in this fast-evolving sector.

Business2 sources

UAE bets $147 billion on Artificial Intelligence to drive economic diversification beyond oil

Business2 sources

SuperBryn Raises $1.2M to Fix Voice AI Reliability Issues Plaguing Enterprise Deployments

Bengaluru-based Voice AI startup SuperBryn has secured $1.2 million in pre-seed funding led by Kalaari Capital's CXXO initiative. The company is building a reliability framework that helps businesses deploy and monitor voice agents in real-world scenarios, claiming to move companies from pilot to production 20 times faster and at 10 times lower cost.

Startups2 sources

SuperBryn Raises $1.2M to Fix Voice AI Reliability Issues Plaguing Enterprise Deployments

Startups2 sources

Hinge CEO Justin McLeod steps down to launch Overtone, a new AI dating app backed by Match Group

Justin McLeod, founder and CEO of Hinge, is stepping down after over a decade to launch Overtone, an AI dating service that uses voice tools to create meaningful connections. Match Group is backing the venture with substantial funding and ownership, while Jackie Jantos takes over as Hinge's new CEO. The move comes as dating apps face growing swipe fatigue and declining user satisfaction.

Startups9 sources

Hinge CEO Justin McLeod steps down to launch Overtone, a new AI dating app backed by Match Group

Startups9 sources

Oracle shares tumble as $15B AI spending increase raises questions about debt and efficiency

Oracle stock plunged 11% after the company announced a $15 billion increase in capital expenditure to $50 billion for AI data centers, despite reporting revenues below analyst expectations. The aggressive spending raised investor concerns about Oracle's mounting debt—now at $99.9 billion—and its ability to monetize massive contracts with OpenAI quickly enough to justify the investment.

Business21 sources

Oracle shares tumble as $15B AI spending increase raises questions about debt and efficiency

Business21 sources

Fal secures $140M Series D funding led by Sequoia, tripling valuation to $4.5 billion

Fal, a multimodal AI provider hosting image, video, and audio models for developers, raised $140 million in Series D funding led by Sequoia Capital. The round tripled the company's valuation to $4.5 billion just months after its previous raise. With revenue surpassing $200 million and a 300% growth in run rate since July, Fal's rapid ascent reflects strong investor appetite for AI infrastructure.

Startups3 sources

Fal secures $140M Series D funding led by Sequoia, tripling valuation to $4.5 billion

Startups3 sources

Snowflake Ventures invests in Ataccama to strengthen data trust for AI agents and enterprise AI

Snowflake Ventures has made a strategic investment in Ataccama, a data quality and governance platform provider, to deliver trusted data for AI agents and enterprise applications. The partnership addresses a critical readiness gap, with only 3% of banks currently running AI initiatives at scale, highlighting the urgent need for automated data reliability in production AI systems.

Technology2 sources

Snowflake Ventures invests in Ataccama to strengthen data trust for AI agents and enterprise AI

Technology2 sources

Microsoft and Amazon pledge over $52 billion to fuel India's AI infrastructure and skills training

Microsoft announced a $17.5 billion investment—its largest in Asia—while Amazon committed over $35 billion to India's AI and cloud infrastructure by 2030. The massive investments by Microsoft and Amazon signal India's emergence as a critical battleground in the global AI race, driven by its vast developer base, 310 million informal workers, and government push for digital transformation.

Business34 sources

Microsoft and Amazon pledge over $52 billion to fuel India's AI infrastructure and skills training

Business34 sources

Brookfield and Qatar form $20 billion joint venture to build AI infrastructure across Middle East

Brookfield Asset Management has partnered with Qatar's Qai to create a $20 billion joint venture focused on developing artificial intelligence infrastructure. The partnership aims to position Qatar as a leading AI hub in the Middle East through an Integrated Compute centre, while also exploring opportunities in select international markets.

Business2 sources

Brookfield and Qatar form $20 billion joint venture to build AI infrastructure across Middle East

Business2 sources

Qatar launches Qai, a national AI firm backed by $524 billion sovereign wealth fund

Qatar has established Qai, a new national AI firm operating under its $524 billion Qatar Investment Authority. The company will invest in AI infrastructure domestically and globally, focusing on trusted AI systems rather than building its own large language models. This positions Qatar alongside UAE and Saudi Arabia in the Gulf's intensifying AI race.

Business2 sources

Qatar launches Qai, a national AI firm backed by $524 billion sovereign wealth fund

Business2 sources

Unconventional AI raises $475M to build brain-inspired chips that solve AI's energy crisis

Former Databricks VP Naveen Rao has launched Unconventional AI with a massive $475 million seed round, backed by Jeff Bezos and top venture firms. The startup aims to build analog AI chips inspired by biological systems to tackle AI's growing energy problem. With AI demand set to outpace global energy capacity within 3-4 years, the company is exploring neuromorphic and analog computing approaches that could deliver 1,000 times better efficiency than current silicon.

Startups6 sources

Unconventional AI raises $475M to build brain-inspired chips that solve AI's energy crisis

Startups6 sources

CoreWeave launches $2 billion convertible notes offering to fuel AI infrastructure expansion

AI infrastructure provider CoreWeave announced a $2 billion private offering of convertible senior notes due 2031, marking the latest in a wave of debt-fueled expansion among AI infrastructure companies. The stock dropped as much as 9% as investors weighed future dilution risks against growth potential. The move follows similar financing strategies by Nebius, IREN, and Super Micro Computer.

Business2 sources

CoreWeave launches $2 billion convertible notes offering to fuel AI infrastructure expansion

Business2 sources

SoftBank and Nvidia in talks to fund Skild AI at $14 billion, nearly tripling its valuation

SoftBank Group and Nvidia are negotiating to lead a $1 billion investment in Skild AI, valuing the robotics AI startup at $14 billion—nearly triple its May valuation. The company develops robot-agnostic foundation models that serve as universal software for robots, attracting attention as investor interest in robotics surges.

Startups6 sources

SoftBank and Nvidia in talks to fund Skild AI at $14 billion, nearly tripling its valuation

Startups6 sources

Tether backs Italian robotics startup Generative Bionics with $81 million for humanoid robots

Stablecoin giant Tether has joined an $81 million funding round for Generative Bionics, an Italian startup developing humanoid robots for industrial applications. The investment marks Tether's continued expansion into AI infrastructure, with the company backing Physical AI systems designed to merge robotics with artificial intelligence for manufacturing, logistics, and healthcare environments.

Startups4 sources

Tether backs Italian robotics startup Generative Bionics with $81 million for humanoid robots

Startups4 sources

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