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Avalon Labs Raised $10M to Grow Its Bitcoin DeFi Ecosystem
Avalon Labs, a startup focused on growing BTCFi (Bitcoin DeFi), announced that it raised $10 million in a Series A funding round led by crypto VC Framework Ventures. Participants included Kenetic Capital, UTXO Management, SNZ Holding, and others.
Chinese Rival to ChatGPT Raises an Additional $300 Million
The Chinese artificial intelligence startup Moonshot has successfully completed another funding round, attracting over $300 million and raising the company’s valuation to $3.3 billion. Notable investors include major tech and financial firms such as Tencent, Alibaba, and Gaorong Capital. Another French AI Startup Enters the Market
French AI developer H has raised $220 million, including investments from venture capitalists, to establish the next generation of artificial intelligence. Among the investors are notable companies like Amazon, Samsung, and even Google's technical advisor, Eric Emerson Schmidt. 
AI Scientist Neural Network: Affordable Research at $15 per Paper
The startup Sakana AI, together with researchers from the University of British Columbia and Oxford, introduced AI Scientist to the professional community—a neural network that offers a complete, turnkey approach to conducting scientific research. FTC Scrutinizes Microsoft-Inflection AI Deal
The U.S. Federal Trade Commission (FTC) is investigating Microsoft for potentially trying to circumvent antitrust regulations in its $650 million acquisition of AI startup Inflection AI. The agency has requested pertinent documents and is conducting a preliminary review. Ukrainian Startup OpenDelta to Issue BTC-Backed Synthetic Dollar
Bitcoin-based development is a growing trend in crypto. It became possible due to protocol improvements, mainly the Taproot upgrade. Taproot has enabled developers to build apps and tokens on top of Bitcoin. Among the rising Bitcoin-focused startups is OpenDelta, a company with Ukrainian roots. New AI Collaboration in Waste Management
Dutch waste processing firm Bollegraaf Group has forged a partnership with British AI startup Greyparrot, which specializes in developing an automated waste analysis system. This innovative technology helps identify misclassification, segregate recyclable items, and prevent the disposal of contaminated materials through incineration. WindBorn: The AI-Powered Hurricane Hunter
Neural networks have revolutionized weather forecasting. For example, the accuracy of three-day forecasts has nearly reached 100% in recent years. Yet, long-term forecasting still lacks this precision. This challenge is being tackled by WindBorne Systems Inc., a startup that has upgraded relevant equipment and integrated AI. What Is Claude AI? A Close Rival to OpenAI’s ChatGPT
Claude AI is one of the closest competitors to ChatGPT. It was developed by Anthropic, a startup founded by former OpenAI employees Dario Amodei and his sister Daniela Amodei. Claude was trained using a set of principles referred to as Constitutional AI, to be safe, accurate, and secure. Big Boost for Robotics: Figure Raises $675 Million
American startup Figure, specializing in robotics, has garnered $675 million in investments from technological giants including Microsoft, OpenAI, Amazon, and Nvidia. This influx of capital has propelled the 80-person company to a valuation of $2.6 billion. Figure's initial plan was to develop a humanoid robot within its first year of operation. OpenAI Generates Over $2B in Annual Revenue
OpenAI, a leading developer in artificial intelligence, achieved an annual revenue exceeding $2 billion, driven by the immense popularity of its ChatGPT application. This achievement positions the tech startup as one of the fastest-growing companies ever. Some Microsoft investors are optimistic, forecasting that revenues could double by the end of 2025 due to strong business demand. 