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AI by Industry

171 articles

Articles, page 5

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  1. Ramp Launches Router.com to Integrate Model Routing and Enterprise AI Spend Controls

    Corporate expense management provider Ramp has released Router.com, a multi-model routing service and API gateway designed to dynamically direct enterprise inference requests across commercial and open-weight large language models. The launch introduces a unified endpoint connecting developer workflows to models from OpenAI, Anthropic, and SpaceXAI (Grok), with scheduled integrations for Google Gemini as well as open-weight families including DeepSeek, Kimi, Minimax, and Nvidia served through i

    AI
    2 min read

  2. Sentante Begins Commercial Rollout of Endovascular Surgical Robot with Physical AI Telemetry

    Lithuanian medical robotics company Sentante has initiated commercial deployment of its CE-marked endovascular robotic platform, launching revenue clinical operations across European vascular surgery and interventional radiology departments. The platform is designed to perform catheter-and-guidewire vascular interventions while capturing synchronized procedural telemetry to train downstream physical AI navigation models. Teleoperated Architecture and Standard Tool Interoperability Sentante's

    Robotics
    2 min read

  3. Scalable Capital Integrates ChatGPT and Claude for Brokerage Trades and Portfolio Analysis

    European digital wealth manager Scalable Capital has introduced direct integration allowing account holders to link their brokerage accounts to conversational artificial intelligence platforms, including OpenAI's ChatGPT and Anthropic's Claude. The feature enables retail investors to analyze portfolio performance, query asset allocation breakdowns, and initiate trade execution directly from conversational chat environments. Scalable Capital represents the first European brokerage to establish n

    Fintech
    1 min read

  4. Unitree Shares Fall 45% After Shanghai Debut as Humanoid Valuations Face Scrutiny

    Shares of Hangzhou-based humanoid robot manufacturer Unitree Robotics have fallen approximately 45 percent from their peak following an initial surge on the Shanghai STAR Market, reducing the company's market capitalization from a high of $66 billion down to roughly $36 billion. The sharp decline across three consecutive trading sessions follows a debut that saw shares close up 460 percent on their first day of trading. The post-listing volatility has intensified debate among market analysts an

    Robotics
    2 min read

  5. Airbound Raises $37M Series A Led by Greenoaks to Scale Autonomous Drone Freight

    Autonomous aerial delivery startup Airbound has raised $37 million in a Series A funding round led by Greenoaks, with participation from DoorDash, Lightspeed, Humba Ventures, and Physical Intelligence co-founder Lachy Groom. The financing follows an $8.65 million seed round completed less than a year prior, bringing total capital raised by the three-year-old Bengaluru-based company to approximately $50 million. Airbound plans to deploy the proceeds to scale manufacturing, expand commercial deli

    AI
    2 min read

  6. Hugging Face Evaluates Acquisition Inquiries at $13B Valuation

    Open-source machine learning hub Hugging Face has received preliminary acquisition approaches that value the company at $13 billion or higher, according to reporting from Business Insider and TechCrunch. The company is reportedly consulting with investment banks to assess inbound interest, though no formal sale agreement has been signed. The prospective valuation represents nearly a three-fold increase from Hugging Face's August 2023 Series D funding round, which valued the company at $4.5 bill

    AI
    2 min read

  7. Stripe to Acquire AI Gateway Startup OpenRouter for a Reported $7.5B

    Stripe said on August 19 that it has agreed to acquire OpenRouter, the AI model routing platform, and did not disclose terms. Bloomberg first reported on August 16 that the companies had finalized a deal worth more than $7 billion. The New York Times, citing a person familiar with the matter, put the price at about $7.5 billion, with $1.5 billion allocated to OpenRouter's founders, CNBC reported. OpenRouter announced in May that it had raised a $113 million Series B at a reported $1.3 billion v

    AI
    2 min read

  8. AI Cloud Provider Lambda in Talks to Raise $3B at $12B Valuation Ahead of IPO

    AI cloud infrastructure provider Lambda Inc. is in negotiations to raise up to $3 billion in a pre-IPO funding round that could value the company at $12 billion or higher, according to people familiar with the discussions reported by Bloomberg. The round represents an eightfold valuation step-up from February 2024, when Lambda secured $320 million in Series C funding at a $1.5 billion valuation. The company's annualized revenue is projected to exceed $1.5 billion in 2026, driven by continuous e

    Lambda
    2 min read

  9. Robotics Foundation Model Startup Generalist Raises $198M Led by 8VC

    Robotics foundation model startup Generalist AI Inc. has secured $198.2 million in a new equity offering, according to a Form D regulatory filing with the U.S. Securities and Exchange Commission on August 24. The capital injection comes less than three months after the company closed a $400 million financing round in early June. The financing round was led by venture capital firm 8VC alongside participating existing investors, as reported by Axios. The new transaction elevates Generalist's valu

    News
    3 min read

  10. SEC Probes Leopold Aschenbrenner's AI Investment Fund Situational Awareness

    The US Securities and Exchange Commission has launched an inquiry into Situational Awareness, the AI-focused investment fund founded by former OpenAI researcher Leopold Aschenbrenner, according to a report by The New York Times. The investigation follows a sharp July 2026 market downturn across artificial intelligence equities that triggered severe portfolio drawdowns for the high-profile fund. Scope of Subpoenas and Banking Relationships Federal regulators have issued subpoenas to multiple

    AI
    2 min read

  11. River AI Secures $1.1B Led by General Catalyst to Build Open-Weight Model Infrastructure

    River AI, an artificial intelligence startup founded by former xAI co-founder Igor Babuschkin, has secured $1.1 billion in early-stage funding to build an open-weight model stack and decentralized AI infrastructure platform. The financing round was led jointly by General Catalyst and public benefit corporation AMP PBC, with strategic participation from NVIDIA, AMD Ventures, Y Combinator, and Singapore sovereign fund Temasek. Babuschkin, whose prior engineering background spans OpenAI, Google De

    AI
    2 min read

  12. Valor and Point72 Back General Intuition at $6B Valuation for Physical AI and Robotics

    New York-based foundation model startup General Intuition is in discussions to secure new funding at a $6 billion pre-money valuation, according to sources familiar with the matter. The financing round includes new backing from Valor Equity Partners, Point72 Ventures, and Seven Seven Six, alongside continued participation from existing investors Khosla Ventures and General Catalyst. The potential valuation represents a steep increase from the company's previous financing round, which raised $32

    AI
    1 min read

  13. Thomson Reuters Deploys In-House Legal LLM 'Thomson' on Qwen Foundation to Cut API Dependency

    Thomson Reuters has unveiled "Thomson," its first proprietary domain-specific language model built specifically for legal workflows. Developed over two years at an investment of roughly $40 million in engineering and compute infrastructure, the model is designed to perform specialized legal analysis without ongoing dependence on third-party frontier API providers like OpenAI or Anthropic. The model is built on top of Alibaba's open-weight Qwen architecture, utilizing Qwen3.5-397B as its foundat

    Legal AI
    3 min read

  14. Ukrainian Officials Identify Nvidia Jetson Orin Modules in Autonomous Russian Strike Drones

    Ukrainian forensic examiners inspecting the wreckage of Russian strike drones have recovered Nvidia Jetson Orin microcomputers, confirming that Moscow is deploying commercial edge-computing hardware to run autonomous targeting systems on the battlefield. The findings, detailed in investigations by Ukrainian military specialists and reported by The New York Times, indicate that Russian engineers have integrated off-the-shelf edge AI accelerators into modified uncrewed aerial vehicles, including

    Hardware
    2 min read

  15. Oxford Economics: US Corporate High-Tech Spending to Rise 40% by 2027, Tripling Europe's Pace

    A new macroeconomic forecast from Oxford Economics, reported by the Financial Times, projects that United States corporate capital expenditure on equipment, computing facilities, and structures will surge 40% between 2021 and 2027. This expansion rate is more than three times faster than equivalent capital investment across European economies over the same six-year window, driven primarily by private and hyperscaler investments in artificial intelligence infrastructure. The divergence underscor

    News
    2 min read

  16. Nvidia in Talks to Invest in Perplexity at Over $30B Valuation as ARR Tops $750M

    Nvidia is in discussions to invest in AI search startup Perplexity in an equity funding round that would value the company at more than $30 billion, according to reporting by The Information. The proposed valuation represents an increase of more than 50% from the $20 billion valuation Perplexity finalized in late 2025. The investment discussions coincide with rapid revenue acceleration. Perplexity's annualized recurring revenue (ARR) has expanded to over $750 million, up from less than $250 mil

    AI
    1 min read

  17. SoftBank Plans Record $6.3B Retail Bond Sale to Fund OpenAI Commitments

    Japanese conglomerate SoftBank Group Corp. has announced plans for a record 1 trillion yen ($6.3 billion) retail bond sale in Japan. The offering represents the largest domestic retail bond issuance in Japanese history and marks SoftBank's third debt sale targeted at retail investors this year, as the firm mobilizes liquidity to fulfill its capital commitments to OpenAI. According to regulatory filings, the seven-year subordinated bonds carry an indicative coupon range between 4.3% and 4.9%. Th

    AI
    2 min read

  18. Hugging Face Explores Sale at $13B+ Valuation as AI Platform Hubs Consolidate

    Hugging Face, the primary open-source model repository and developer collaboration hub for machine learning, is exploring a sale that could value the company at $13 billion or more, according to people familiar with the matter reported by Business Insider. The New York-based startup, co-founded and led by Chief Executive Officer Clement Delangue, has engaged an investment bank to solicit interest from prospective acquirers. Discussions remain at an exploratory stage, and no formal acquisition a

    AI
    2 min read

  19. Study: Why Labor-Saving LLMs Incline Scientists to Do More Work Less Well

    A theoretical study published by researchers from Princeton University, the University of Washington, and collaborating institutions models how large language models alter researchers' time allocation across projects. The authors find that by reducing time friction across different stages of the research lifecycle, AI assistants increase the opportunity cost of researcher time, creating economic incentives to publish a higher volume of less thoroughly refined papers. The paper, titled The unint

    AI
    2 min read

  20. Anthropic Nears $7B Acquisition of AI Infrastructure Startup Decart Ahead of IPO

    Anthropic is finalizing negotiations to acquire Israeli artificial intelligence infrastructure startup Decart in a transaction valued at approximately $7 billion, according to reporting from Calcalist and Reuters. The acquisition, expected to be settled primarily in Anthropic equity, would mark the Claude developer's largest purchase to date as it prepares for a planned initial public offering. Founded in September 2023 by Dr. Dean Leitersdorf and Moshe Shalev, Decart specializes in hardware-ag

    AI
    2 min read