HERO Software, an AI-powered platform initially created to combat climate change, has raised €40 million in Series B funding to expand its comprehensive workflow management solution for tradespeople across Europe.
The European Commission has issued preliminary findings alleging that X (formerly Twitter) is in breach of the Digital Services Act, potentially leading to significant fines and required corrective measures if confirmed.
Germany-based defense AI startup Helsing has raised €450 million in a Series C funding round led by General Catalyst, which it plans to use for product development, R&D, and expansion into the Baltic region, highlighting its mission to enhance European defense capabilities through AI technology.
SoftBank Group Corp has acquired UK-based AI chipmaker Graphcore for an undisclosed amount, potentially rescuing the company from financial difficulties and allowing it to continue developing its alternative to NVIDIA's dominant GPU technology, while maintaining its operations and workforce.
AWS has introduced App Studio, a generative AI-powered service that eliminates the learning curve to low-code tools to enable professionals with some technical expertise to create, manage, and deploy generative AI applications.
AMD is set to acquire Europe's largest private AI lab, Silo AI, for $665 million, expanding its AI capabilities and strengthening its position in the global AI solutions market.
Microsoft withdraws its observer seat on OpenAI's board and Apple's plans for a similar role are canceled, as both companies respond to increasing regulatory scrutiny of big tech's involvement with AI startups.
Captions, an AI-powered video creation platform, has raised $60 million in Series C funding, bringing its total funding to over $100 million and valuing the company at $500 million, while announcing plans to invest $100 million in AI video research in New York City.
DreamFlare AI, a startup founded by Rob Bralver and Josh Liss, has raised $1.6M to launch a platform for creating, streaming, and monetizing AI-generated interactive video content while aiming to create opportunities for content creators amid concerns about AI's impact on entertainment jobs.
Tel Aviv-based startup Enso has launched a Guided AI Agents platform with $6 million in seed funding, offering over 1,000 AI agents across 70 industries to provide affordable, enterprise-grade AI services to small and medium-sized businesses.
Infinite Reality has secured a $350 million investment and acquired Landvault for $450 million, boosting its valuation to $5.1 billion and expanding its capabilities in immersive technologies and digital experiences across global markets.
Writer has launched significant upgrades to its enterprise chat apps, including built-in RAG technology, explainable AI features, dedicated task modes, and enhanced customization options. The features aim to improve accuracy, transparency, and user experience for businesses building AI applications.