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AI
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DeepSeek’s AI breakthrough sparks $1 trillion tech stock selloff, Nvidia loses $600 billion in market cap
Chinese AI startup DeepSeek has shaken the foundations of AI industry, igniting a massive selloff that wiped $1 trillion from global stock markets.
OpenAI partners with SoftBank and Oracle on $500 billion AI Infrastructure ‘Stargate Project’
OpenAI announced Stargate Project —a partnership with Japanese conglomerate SoftBank, Oracle, and MGX— with plans to invest up…
AI-powered Halo AI raises $6 million to transform creator marketing industry
Saudi-based Halo AI is set to make waves in the evolving fields of AI and creator marketing, with the firm recently securing $6 million in seed funding.
Microsoft plans to invest $3 billion to expand AI and cloud infrastructure in India
Microsoft is making a bold move to accelerate India’s AI-driven growth, announcing a $3 billion investment in cloud and AI infrastructure over the next two years.
Apptronik and Google DeepMind partner to advance AI-powered Humanoid Robots
Apptronik, an AI-powered robotics company, has announced a strategic partnership with Google DeepMind to accelerate the evolution of humanoid robots.
Zhipu AI raises $412 million to expand services in China’s competitive AI market
Chinese AI startup Zhipu AI has raised 3 billion yuan ($412 million) to compete more effectively in the rapidly growing AI market.
Databricks hits $62 billion valuation after $10B funding round in 2024’s largest VC deal
Databricks, a prominent player in the Data and AI sector, has reached a valuation of $62 billion following a $10 billion Series J funding round.
VEON’s Jazz partners with NUST and NITB to develop Pakistan’s first local-language AI LLM
Pakistan is set to develop its first indigenous Large Language Model (LLM) tailored for its regional languages.
Google partners with Kairos Power for 500 MW Nuclear Energy project to power AI data centers
Google has signed a first-of-its-kind deal with Kairos Power to build seven small modular nuclear reactors to power its data centers
Pakistani startup Traversaal.ai wins $100,000 grant at Meta’s AI Accelerator finals
Pakistani startup Traversaal.ai has secured a $100,000 grant at Meta’s AI Accelerator Finals held in Singapore