Shanghai-based Fysics AI has launched Fysiverse, a new physics-based world model that embeds the laws of physics into its code, aiming to overcome limitations of current data-driven AI models.
The Indian central government is set to acquire a 1-2% equity stake in AI startup Sarvam, valued at $1.5 billion, as part of its $300 million funding round. This rare direct holding stems from non-cash compute infrastructure support provided under the IndiaAI Mission, converting compulsorily convertible debentures into equity.
Indian customer engagement firm MoEngage has acquired San Francisco-based Aampe in an all-cash deal worth tens of millions. Aampe's AI agents personalize marketing by making individual customer decisions, a move MoEngage believes is the future of marketing.
AI startup Midjourney announced a futuristic ultrasound scanner for wellness, aiming for MRI-like power. Experts express skepticism due to lack of public evidence and raise questions about its claims and execution, while Midjourney positions it as a wellness product, not a diagnostic device.
Open source AI startup Reflection has signed a $6.3 billion deal with SpaceX for access to AI chips and hardware at SpaceX's data center in Tennessee. The deal, starting July 2026, aims to support Reflection's open-weight AI strategy.
SpaceX has inked a significant computing power agreement with open-source AI startup Reflection AI. Starting July 1, 2026, Reflection will pay SpaceX $150 million monthly through 2029, totaling approximately $6.3 billion, for access to Nvidia GB300 chips and SpaceX's Colossus infrastructure.
India's AI startups are experiencing a hiring boom, with recruitment up 21% year-on-year, driven by demand for generative AI and automation. This growth highlights a talent shortage, pushing compensation for experienced AI professionals significantly higher.
Amazon, Google, and Microsoft admit AI startup Anthropic leads in "frontier" AI models, especially for coding. However, executives state they are not concerned, citing specialized foundations and distinct development timelines to close the gap.
Sydney-based AI startup Coreflow, owner of OurDream, is under investigation for potentially breaching child sex abuse laws after AI-generated characters appearing underage were found on the site, despite its zero-tolerance policy
HIVE Digital Technologies' AI subsidiary BUZZ HPC has secured a three-year, $220 million GPU cloud contract with Bell AI Fabric to support AI startup Cohere. The deal involves deploying 2,304 NVIDIA GPUs in British Columbia, expected to generate $70 million in annual recurring revenue and signifies HIVE's expansion into AI infrastructure.
General Intuition, an AI startup focused on training agents for spatial-temporal reasoning, is reportedly in talks to raise approximately $300 million. This funding round would value the company at over $2 billion and comes eight months after its $134 million seed round.
Odyssey, an AI startup focused on world models, has secured $310 million in Series B funding at a $1.45 billion valuation. Led by Natural Capital, with participation from Amazon and others, the company aims to advance AI beyond text-based models by simulating the physical world.
AI startup Anthropic is preparing for a potential $1 trillion IPO but faces government opposition. The US Commerce Department has blacklisted its new AI models, Fable 5 and Mythos 5, and the Department of War has migrated workflows away from its 'Claude' AI due to national security and military application concerns.
Coinbase is expanding its offerings to include stocks, ETFs, and options, aiming to become an "everything exchange." Meanwhile, SpaceX is acquiring AI coding startup Cursor for $60 billion in an all-stock deal to integrate it into xAI.
SpaceX's stock debuted on Nasdaq, reaching a $2.65 trillion valuation and displacing Amazon. The company raised $75 billion in its IPO, the largest in history, and announced a $60 billion acquisition of AI coding assistant Cursor.
Michael Truell, 25, co-founded AI coding company Cursor, which was acquired by SpaceX for $60 billion. A former MIT student, Truell's venture has become one of Silicon Valley's fastest-growing startups, with its technology used by 67% of Fortune 500 companies.
SpaceX has surpassed Amazon in market capitalization, becoming the world's fifth most valuable company after its stock market debut. The company also announced its intent to acquire AI coding app startup Cursor for $60bn, aiming to enhance its AI capabilities.
SpaceX has become the world's fifth-most valuable company, surpassing Amazon after its stock market debut. The surge follows an agreement to acquire AI coding app Cursor for $60 billion, aiming to boost its AI capabilities and leverage Cursor's user base.
SpaceX is set to acquire AI startup Cursor for $60 billion in stock, finalizing a deal initially announced in April. The acquisition, expected to close later this year, follows a partnership agreement where SpaceX committed to either a $10 billion investment or a full buyout.
South Korean AI startup Upstage announced plans to integrate its AI models, agentic services, and portal platform following its acquisition of AXZ, operator of Daum and Timely AI. The company aims to expand its offerings and reach a broader audience with "AI for everyone."
Pranjali Awasthi, inspired by her father at age seven, began interning in university labs at 13. She launched her AI startup Delv.AI at 15, which is now valued at ₹100 crore. She also co-founded Salshy, an AI email assistant, and completed her BS from Georgia Tech.
Meta is dismantling its $2B acquisition of Chinese AI startup Manus, halting data sharing and cutting off access to internal systems. This move complies with Beijing's divestiture order on national security grounds, underscoring China's control over sensitive tech. Manus co-founders may seek $1B to reclaim the startup.
Jeff Bezos' AI startup Prometheus has secured $12 billion in Series B funding, reaching a $41 billion valuation. The company aims to revolutionize global manufacturing by creating an 'artificial general engineer' to accelerate the design and production of physical goods, compressing timelines from years to potentially months.
Jeff Bezos's AI startup Prometheus has raised $12 billion in a new funding round, bringing its total to $18.2 billion and valuing it at $41 billion. The company aims to create an 'artificial general engineer' to accelerate invention and generate 'civilizational wealth,' focusing on compute-intensive applications in robotics and manufacturing.
