Writer aims to compete with OpenAI and Anthropic by using a cost-effective approach, spending only $700,000 to develop models and raising $200 million to reach a $1.9 billion valuation.
Funding
Honda Recalls 400,000 Cars — And Insiders Say Supplier Errors Could Be 'Just the Beginning'
Honda recalls over 400,000 Civic cars in the US due to a wheel defect linked to supplier errors, with experts warning more issues could emerge.
AI Startup Funding Surging Despite Sting of High Interest Rates
AI startups are riding a wave of fresh capital in 2025—even as the Federal Reserve keeps interest rates at multi-decade highs. Instead of slowing down, the sector is posting some of its boldest funding figures yet, fueled by surging demand for both AI infrastructure and specialized applications.
Cost Over Climate: Australians To Spend AU$80B On Energy Upgrades
On average, households plan to spend AU$7,500 on energy-efficient upgrades over the next five years, which could add up to more than AU$80 billion nationwide. About 50% of Australians want to make their homes eco-friendlier, driven mostly by a desire to reduce energy costs.
Australian Superannuation Funds Rethink US Bets Amid Dollar Volatility
"Like every other fund, we are questioning our exposure to the U.S. It would be fair to say that we've hit peak exposure and will be reducing over time," said John Pearce, chief investment officer of UniSuper, said.
Latest News
Fei-Fei Li’s AI startup, World Labs, raised $230 million in funding, valuing the company at over $1 billion as it prepares to develop AI models for 3D interaction by 2025.
Groq was originally looking to raise $300 million at a slightly lower valuation. Groq, an artificial intelligence chipmaking startup, has secured more than $600 million in a recent funding round, the company announced Monday.
Donald Trump and the RNC gained a financial edge over Democrats by June, but a historic fundraising surge followed Biden's withdrawal and endorsement of Kamala Harris.
Monarch Tractor CEO Praveen Penmetsa recently announced that it has raised $133 million through its Series C funding.
In addition to funding, selected AI entrepreneurs will also be given access to a network of investors as well as advanced AI research and tools.
Polish Foreign Minister Radoslaw Sikorski announced that it was planning to spend 5% of its gross domestic product on defense by 2025.
7-Eleven is giving out free Slurpees to support Children's Miracle Network Hospitals on its 97th birthday.
General Motors (GM) has secured a $500 million grant from the US Department of Energy to support the production of EVs at its Lansing Grand River Assembly plant.
The United States government is providing approximately $2 billion in assistance to eleven car companies, including General Motors and Stellantis, aimed at bolstering electric vehicle production and expanding assembly facilities across eight states.
