AI & RoboticsNews

Inception raises $50 million to build diffusion models for code and text

With so much money flooding into AI startups, it’s a good time to be an AI researcher with an idea to test out. And if the idea is novel enough, it might be easier to get the resources you need as an independent company instead of inside one of the big labs. That’s the story of Inception, a startup developing diffusion-based AI models that just raised $50 million in seed funding. The…
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AI & RoboticsNews

Goldman Sachs doubles down on MoEngage in new round to fuel global expansion

MoEngage, a customer engagement platform that works with consumer brands across 75 countries, says it has raised new funding led by its existing investor, Goldman Sachs Alternatives, to ramp up global growth and infuse more AI into its platform. All told, $100 million in shares just traded hands, split roughly 60% primary and 40% secondary, as part of MoEngage’s Series F round. The funding…
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AI & RoboticsNews

Anthropic projects $70B in revenue by 2028: Report

The Information reports that Anthropic expects to generate as much as $70 billion in revenue and $17 billion in cash flow in 2028. The growth projections are fueled by rapid adoption of Anthropic’s business products, a person with knowledge of the company’s financials said. Last month, Reuters reported that Anthropic is projected to more than double, and potentially nearly triple, its…
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AI & RoboticsNews

Microsoft’s $15.2B UAE investment turns Gulf State into test case for US AI diplomacy

Microsoft will invest $15.2 billion in the United Arab Emirates over the next four years, the company announced Monday at the first annual Abu Dhabi Global AI Summit. The investment will include the first-ever shipments of the most advanced Nvidia GPUs to the UAE. As part of the deal, the U.S. has granted Microsoft a license to export Nvidia chips to the UAE, a move that positions the country as…
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