AI & RoboticsNews

Leaked documents shed light into how much OpenAI pays Microsoft

After a year of frenzied dealmaking and rumors of an upcoming IPO, the financial scrutiny into OpenAI is intensifying. Leaked documents obtained by tech blogger Ed Zitron provide more of a glimpse into OpenAI’s financials – specifically its revenue and compute costs over the past couple of years. Zitron reported this week that in 2024, Microsoft received $493.8 million in revenue…
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AI & RoboticsNews

Teen founders raise $6M to reinvent pesticides using AI — and convince Paul Graham to join in

Two teenage founders walked into Y Combinator co-founder Paul Graham’s backyard with an idea no one in agriculture seemed to want – an AI model to help design better pesticides. By the time they left, they had a new business model, a new company, and eventually, Graham’s backing. Now, that reimagined company – Bindwell – has raised $6 million in a seed round, co-led…
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AI & RoboticsNews

Milestone raises $10M to make sure AI rhymes with ROI

Generative AI has become a key part of coding workflows, but most companies struggle to track its use, let alone its return on investment. Israeli startup Milestone hopes to help with a platform designed to correlate AI tool usage with engineering metrics, including code…
AI & RoboticsNews

Microsoft-backed Veir is bringing superconductors to data centers

Power demands of data centers have grown from tens to 200 kilowatts in just a few years, a pace that has data center developers scrambling to design future facilities that can handle the load. “In the next couple of years, it’s going to be 600 kilowatts, and then we’re going to a megawatt,” Tim Heidel, CEO of Veir, told TechCrunch. “We’re speaking to folks that…
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AI & RoboticsNews

Figma bets on India to expand beyond design

Figma is expanding its presence in India by setting up a local office and hiring Indian talent as it seeks to deepen ties with one of its largest user communities and make a broader push to better win over developers alongside the designers who already rely on the…
AI & RoboticsNews

The global race for the AI app layer is still on

The U.S. is far ahead of Europe in the race for large AI models – but the picture is different for the application layer, with emerging category leaders such as Lovable, the vibe-coding startup, and Synthesia, which makes AI-generated video for the…
AI & RoboticsNews

Wonderful raised $100M Series A to put AI agents on the front lines of customer service

Israeli AI agent startup Wonderful has raised $100 million in a Series A round led by Index Ventures, with participation from Insight Partners, IVP, Bessemer, and Vine Ventures. The large round, in a market already crowded with AI agent startups, suggests Wonderful has convinced top tier investors it’s not just another GPT wrapper, but a company building the infrastructure and orchestration…
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