Jul 26, 2026Twila Rosenbaum
French robotics startup Genesis AI has unveiled its first AI model, GENE-26.5, along with a five-fingered robotic hand designed for delicate tasks. The company, which raised $105 million in seed funding last year, aims to combine data from sensor gloves with video to train robots. It also plans to develop a full-body general-purpose robot.
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Jul 26, 2026Twila Rosenbaum
DeepSeek is set to achieve a $45 billion valuation in its first external funding round, led by China's state-backed Big Fund. The AI startup, initially seeking $10 billion, has seen rapid valuation growth. Tencent and Alibaba are also in talks to invest. DeepSeek's V4 model optimized for Huawei's Ascend chips marks a significant step for China's tech independence.
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Jul 26, 2026Twila Rosenbaum
Chinese AI start-up DeepSeek has initiated its first external capital raise, aiming to establish a market valuation benchmark and retain employees by clarifying stock option value. The limited round, under 3% equity, targets state-backed investors for strategic resources. Amid US chip export restrictions, DeepSeek seeks to secure advanced AI infrastructure while addressing aggressive talent poaching by well-funded competitors.
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Jul 26, 2026Twila Rosenbaum
NetMedia International has revised its Privacy and Cookie Policy to align with GDPR requirements. The update outlines how personal data is collected, used, and protected, emphasizing transparency and user control. Users are urged to review the changes, which include new rights to access, rectify, and erase data.
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Jul 16, 2026Twila Rosenbaum
Early investors in OpenAI are voicing concerns over the company’s shifting strategy, which they label as unfocused. The criticism comes as OpenAI pivots from consumer products to higher-margin enterprise sales, a move that places it behind competitor Anthropic. The company has also shut down its video generation tool Sora, scrapped plans for an adult chatbot, and halted major data centre expansions. These changes have led some to question the justification for its massive $852 billion valuation.
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Jul 16, 2026Twila Rosenbaum
Nvidia CEO Jensen Huang said the company will “probably” not invest $100 billion in OpenAI, citing the AI startup’s expected IPO this year. The remarks at a Morgan Stanley conference follow a smaller $30bn investment and months of speculation about the relationship between the two generative AI leaders. Huang also indicated that a similar investment in Anthropic is likely the last before its IPO, as the economics of AI data centers face growing scrutiny over power and resource consumption.
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Jul 16, 2026Twila Rosenbaum
Nvidia has discarded its earlier plan to invest $100bn in OpenAI, instead contributing $30bn to the AI startup's current funding round. The revised deal, expected to close this weekend, values OpenAI at $730bn and reflects growing caution in the AI investment space. Much of the new funding will be reinvested in Nvidia hardware, while OpenAI continues to face enormous infrastructure costs.
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Jul 16, 2026Twila Rosenbaum
NetMedia International has updated its Privacy and Cookie Policy to align with GDPR requirements. The new policy details how personal data is collected, used, and stored, as well as user rights regarding data access, correction, and deletion. It also explains the use of analytical, functional, and targeting cookies and provides instructions for blocking them.
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Jul 07, 2026Twila Rosenbaum
Amazon's bond sale drew $126 billion in peak demand as the tech giant taps debt markets to finance massive AI infrastructure investments. The company plans to spend $200 billion on capital expenditures this year, primarily on custom AI chips, robotics, and satellite technology. This move mirrors a broader trend among tech companies like Oracle and Meta, who have also raised billions through bond offerings to fuel their AI ambitions.
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