QuTwo, the Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, is now valued at €325 million (approximately $380 million) after raising a €25 million ($29 million) angel round. It’s a sign of enduring tailwinds for AI, quantum computing, and sovereign tech, especially for Europe-made companies.
QuTwo’s name is a nod to quantum computing, but it hasn’t gone all in on quantum.
Marc Lore, the veteran e-commerce entrepreneur who sold his previous startups to Amazon and Walmart, has big plans to infuse AI into his current venture, Wonder.
The centerpiece of those plans is Wonder Create, an initiative that would let anyone – from food entrepreneurs…
Many companies today provide AI simply as a chatbot inside their apps: You type in (or dictate) what you want it to do, and the AI bot goes and tries to do it. Still, the experience tends to feel clunky. A text-based UI doesn’t always translate to a smooth experience; for…
Krutrim, India’s first GenAI unicorn, is shifting from AI model development to cloud services after months of relative quiet on product updates – a move that reflects the tougher economics of building large-scale AI systems.
On Tuesday, Krutrim said it was moving toward cloud services, adding that the shift follows a business overhaul in late 2025 that included reallocating capital and talent…
As workers worry about AI, Nvidia’s Jensen Huang says AI is ‘creating an enormous number of jobs’
May 6, 2026
When it comes to the specter of AI’s labor-displacing potential, Jensen Huang thinks that the American worker has nothing to fear. During a conversation Monday night with MSNBC’s Becky Quick, hosted by the Milken Institute – an economic policy think tank, the jovial…
Image model releases are driving growth for AI mobile apps, generating 6.5x more downloads than traditional model updates, according to a new report from app intelligence provider Appfigures.
This marks a shift from earlier days, when the release of new models powering the…
When do we take AI doomers seriously?
That’s a key subtext of Elon Musk’s attempt to shut down OpenAI’s for-profit AI business. His attorneys argue that the organization was set up as a charity focused on AI safety and lost its way in pursuit of lucre. To prove that, they cite old emails and statements from the organization’s founders about the need for a public-spirited counterweight to…
Bret Taylor’s AI startup Sierra is raising a $950 million funding round led by Tiger Global and GV, the company announced Monday, pushing its post-money valuation above $15 billion. The raise gives Sierra more than $1 billion to work with – capital the company says it…
In Harvard study, AI offered more accurate emergency room diagnoses than two human doctors
May 4, 2026
A new study examines how large language models perform in a variety of medical contexts, including real emergency room cases – where at least one model seemed to be more accurate than human doctors.
The study was published this week in Science and comes from a research…
AI dictation apps have come a long way in a short time. For years they were slow and inaccurate – unless you spoke with a particular accent and enunciated clearly.
Advances in large language models (LLMs) and speech-to-text models have changed that, producing systems that can decipher speech more accurately while retaining enough context to format the text correctly. Developers have also built…
