CuspAI, a Cambridge-based AI startup, secured $450m (£330m) in Series B funding from investors including Jeff Bezos and the UK government, valuing it at $2.6bn. The company aims to develop AI-powered software to discover new materials, reducing research times and reliance on rare metals for chipmakers and other industries.
Jio Platforms is preparing for a significant IPO, aiming to expand beyond mobile services into sovereign AI, satellite broadband, and fibre networks. This strategic pivot away from foreign tech and strong subscriber growth positions it as a key player in India's digital future.
Reliance Industries announced major plans at its AGM 2026, including the approval of Jio Platforms' IPO, development of India's sovereign AI backbone in Jamnagar, and a Low Earth Orbit satellite constellation. The company also detailed expansion in manufacturing, retail, and a significant push in green energy, aiming to create over 200,000 jobs.
Sarvam AI achieves $1.5 billion valuation with $234 million funding, signaling India's AI sovereignty push. The round, led by HCLTech, highlights risks of foreign AI dependence, especially after US restrictions on Anthropic models.
US export controls have restricted Indian access to Anthropic's advanced AI models, Claude Fable 5 and Mythos 5, just after the company hailed India as its second-largest market. Experts warn this could hinder defensive security efforts and fuel calls for sovereign AI.
The Trump administration has ordered AI firm Anthropic to suspend access to its newest frontier models, Fable 5 and Mythos 5, for all foreign nationals due to national security concerns. This directive effectively halts access for non-American employees and raises concerns about a fragmented AI ecosystem.
The Hong Kong Generative AI Research and Development Centre (HKGAI) is set to release HKGAI-V3, a sovereign AI model built on DeepSeek architecture optimized for domestic Chinese chips like Huawei's Ascend 910C.
The UK government has announced its first investment under a £500m sovereign AI fund, taking a stake in London-based Callosum, which helps different computer chips work together for AI training. Technology secretary Liz Kendall urged the country to embrace AI despite concerns about job displacement and cybersecurity risks, acknowledging people are worried but emphasizing the need to 'seize this to make it work for Britain'. Six UK startups will also receive access to government-funded supercomputers.
