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Two former Apple manufacturing executives have raised an oversubscribed $33 million fund to back AI startups aimed squarely at factory floors rather than chatbots or consumer apps. San Jose-based Omni Ventures, founded by Simon Lancaster and Sabrina Paseman, closed its debut fund this week as venture capital increasingly looks past the crowded frontier-model race toward…
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Apple’s multi-front legal campaign against European antitrust regulation has ended in defeat. The General Court of the European Union dismissed Apple’s challenges to its designation as a “gatekeeper” under the bloc’s Digital Markets Act on Wednesday, ruling that Apple must continue complying with legislation designed to give other app developers and digital services greater access…
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Anthropic has signed a 20-year lease with TeraWulf that is expected to generate roughly $19 billion in contracted revenue for the data center operator, securing dedicated computing capacity for the AI company’s rapidly expanding Claude models. The deal, announced Monday, sent shares of TeraWulf a company that started life as a bitcoin miner up as…
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Mowito, a physical AI startup building foundation models for industrial robot arms, has raised $3 million in a pre-seed round led by Version One Ventures, with participation from All In Capital, Unisol, iSeed, and a notable group of angel investors including Soumith Chintala of Thinking Machines Lab and Better Capital founder Vaibhav Domkundwar. The Bengaluru-…
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Generative AI is set to touch the working lives of nearly 80 million people across the Association of Southeast Asian Nations, according to a new International Labour Organization study released this week, but the report’s central finding cuts against the more alarmist predictions that have circulated around AI and employment. According to ILO estimates for…
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Defense planners across major militaries are rethinking what a soldier’s job actually looks like. For most of the past century, technology sped up how quickly a human could act better rifles, faster jets, more precise artillery. Artificial intelligence changes the more basic question of who, or what, does the acting in the first place. AI…
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Tenaga Nasional Berhad, Malaysia’s national electricity utility, has built what it describes as the country’s first agentic AI defense system for critical infrastructure, and the target it was built to fight is not a hacker or a foreign adversary. It’s illegal cryptocurrency mining, a form of energy theft that TNB estimates drains roughly RM640 million…
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Vietnam spent much of the past two months collecting the kind of technology partnerships that countries twice its economic size have struggled to secure. Nvidia named the country a focal point of its sovereign AI strategy in early June, Microsoft expanded its enterprise AI alliance with Vietnam’s largest technology company later that month, and former…
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Nigerian President Bola Tinubu has directed the country’s competition regulator to investigate major technology companies over alleged anti-competitive practices and unauthorized use of news content, the Federal Competition and Consumer Protection Commission said late on Monday. The inquiry targets Meta, Alphabet, X, and generative AI platforms operating in Nigeria, and it follows a joint petition…
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American companies are quietly shifting more of their AI workloads to Chinese models, and the pace of that change is beginning to attract attention in both boardrooms and Washington. Rather than chasing the most powerful models available, many companies are discovering that “good enough” AI at a fraction of the cost delivers a better return…