Harvey AI, a legal AI startup, raised $300 million in Series E funding at a $5 billion valuation—a 67% increase from just four months ago. Harvey plans to expand its workforce and diversify beyond legal services into other professional areas, like tax accounting.
Former OpenAI CTO Mira Murati has raised $2 billion for her mysterious six-month-old startup, Thinking Machines Lab, at a $10 billion valuation. Notably, the startup has revealed virtually no details about its actual product or plans.
Cluely, the controversial AI startup that helps users "cheat on everything," raised $15 million from Andreessen Horowitz just months after raising a $5.3 million seed round.
The BBC is threatening legal action against Perplexity AI for allegedly reproducing BBC content without permission, marking the first time the British broadcaster has taken such steps against an AI company over copyright infringement.
Microsoft and OpenAI continue to clash over OpenAI's for-profit conversion terms, ownership stakes, and intellectual property rights. OpenAI reportedly does not want to give Microsoft access to Windsurf's intellectual property, and even considered accusing Microsoft of anticompetitive behavior.
Meta's controversial partial acquisition of Scale AI, Microsoft's Sora-powered video generator, Moments Lab's Series B, Anysphere's third funding round, Multiverse Computing's Series B, a deep learning-assisted painting restoration technique, and more.
Meta's investment in Scale has effectively upended the data annotation industry. Since news of the deal, which gives Meta a 49% nonvoting stake in Scale, OpenAI and Google have publicly cut ties with the company.
Google has launched an experimental feature that enables users to leverage the latest Gemini models to generate audio overviews for appropriate search queries. The overviews can be played within the search results page on a player that displays selected relevant web pages.
Researchers have developed a new digital restoration method that leverages deep learning techniques to reconstruct damaged areas and uses printable polymer films to physically apply the digital restorations onto the damaged paintings without altering the original canvas and pigments.
Spain-based Multiverse Computing raised €189 million Series B led by Bullhound Capital to scale its CompactifAI technology that compresses large language models by up to 95% while maintaining performance, enabling AI to run efficiently on edge devices and reducing inference costs by 50-80%.
Anysphere, the maker of the popular AI code editor Cursor, has announced a $900 million Series C at a $9.9 billion valuation. Thrive, Accel, Andressen Horowitz, and DST participated in the startup's funding round.
Paris-based Moments Lab raised a $24 million Series B to expand its AI-powered video production tools that help Hollywood studios and media companies create content up to seven times faster by automatically indexing footage and generating rough cuts from text prompts.