-
IBM stock plunges 23% after disappointing Q2 results, worst drop since 1987
International Business Machines (IBM) saw its stock tumble 23% on Tuesday, marking its steepest single-day decline since October 19, 1987, when shares fell 23.7%. The selloff came after the tech giant released preliminary second-quarter results that missed Wall Street’s estimates on both earnings and revenue. According to FactSet data, IBM reported adjusted earnings of…
-
Teaching large language models to absorb new knowledge like human students
How SEAL Works: The Self-Learning Process From Static Models to Adaptive Learners Once fully trained and deployed, traditional LLMs have static “brains” that cannot permanently integrate new information. While they excel at in-context learning—temporarily using examples within a conversation—this knowledge disappears once the session ends, creating significant limitations for real-world applications where continuous learning is…
-
Microsoft’s $23 billion AI surge meets Europe’s scrutiny of Google
Microsoft’s $23 billion push into artificial intelligence marks a decisive pivot in global tech capital allocation, anchoring growth in India while widening its cloud footprint across Canada, Portugal, and the UAE. The scale signals a race to lock in data center capacity, sovereign AI capabilities, and talent pipelines before the economics of AI are…
-
Otovo completes transatlantic merger, creates AI-driven global home energy services firm
HOUSTON – Otovo, formed by the merger of U.S.-based Otovo USA and European residential power leader Otovo ASA, launched on Tuesday as a combined global home and business energy services company anchored by an artificial intelligence platform. The new entity, which will operate under the Otovo name, aims to leverage its AI-driven service model…
-
GEM Realty Capital exits Aligned Data Centers stake in $40 billion consortium buyout
CHICAGO – GEM Realty Capital (GEM) has agreed to sell its equity investment in Aligned Data Centers as part of a $40 billion acquisition by a consortium led by Artificial Intelligence Infrastructure Partnership (AIP), MGX Fund Management Limited (MGX), and BlackRock’s Global Infrastructure Partners (GIP), the firm announced on Thursday. The transaction, one of…
-
AI security startup Mirror lands key UAE deal after $2.5 million raise
LONDON – Mirror Security, a cybersecurity firm specializing in data protection for artificial intelligence platforms, has raised $2.5 million in pre-seed funding led by funds including one tied to London-listed investor Mindflair plc, it announced on Wednesday. The Dublin-based startup, simultaneously announcing a multi-million dollar strategic partnership with UAE AI leader Inception AI, said the…
-
Black Forest Labs, maker of FLUX AI, raises $300 million at $3.25 billion valuation
FRANKFURT: Black Forest Labs, the creator of the popular FLUX image-generation models, said on Tuesday it raised $300 million in a Series B funding round led by AMP and Salesforce Ventures, vaulting the young company to a post-money valuation of $3.25 billion. The funding underscores fierce investor appetite for generative artificial intelligence firms that…
-
AI Lab Harmonic hits $1.45 billion valuation in funding round for math-focused model
PALO ALTO – Artificial intelligence company Harmonic announced on Tuesday it has raised $120 million in a Series C funding round, catapulting the lab to a $1.45 billion valuation and “unicorn” status as it seeks to develop advanced mathematical reasoning systems. The investment round was led by Ribbit Capital with significant participation from Sequoia…
-
Eros Innovation secures $150 mln in capital and deals to fuel AI media ambitions
LONDON – Eros Innovation, a global media and intellectual property company, announced on Thursday it has completed approximately $150 million in capital and strategic transactions to accelerate its transformation into an AI-driven entertainment platform. The deals include a $50 million primary investment led by Plenitude Capital and advised by Greenback Capital at the Dubai…
-
AI Startup Genspark hits $1.25 billion valuation in $275 million funding round
PALO ALTO – Genspark, an artificial intelligence company, said on Friday it has raised $275 million in a Series B funding round that values the company at $1.25 billion, as it launches a new platform aimed at automating complex tasks for knowledge workers. The oversubscribed round was led by Emergence Capital, the Silicon Valley…
