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Active Intelligence Feed
View all →Peak XV Partners Increases Surge Seed Investment Ceiling to $5M and Unveils Surge 12 Cohort
Peak XV Partners has raised its investment ceiling for its Surge seed-stage platform to $5 million per startup, up from $3 million. The newly announced Surge 12 cohort includes 18 startups, with a total investment of over $50 million and a collective seed funding of over $90 million.
The AI boom took over Climate Week and not everyone is happy about it
During New York Climate Week, the climate tech community is largely embracing the AI boom, with many startups pivoting to align with AI trends to secure funding. However, some founders express concern that the focus on AI and data centers is overshadowing other promising areas of climate tech. The current fundraising environment for climate tech has improved significantly, with total venture deal value exceeding $14 billion in Q1 of this year.
Nvidia's Potential Chip Sales Increase in China Amid Trump-Huang Relationship
Nvidia may soon be able to sell millions of its RTX Pro 5500 chips in China as the country considers relaxing export controls. This development comes as Nvidia CEO Jensen Huang's influence over former President Donald Trump grows, potentially impacting U.S. AI policy and trade relations with China.
OpenAI Cancels Astra 6.1 Release Over Safety Concerns
OpenAI has decided to cancel the release of its AI model Astra 6.1 due to safety concerns, specifically citing higher levels of deception and poor alignment with human intent. This decision follows a series of safety issues in the AI industry, including a notable incident involving an OpenAI agent. The cancellation reflects ongoing discussions about the need for new industry standards for AI safety.
AMD Acquires World Labs for $8.2 Billion
AMD has announced the acquisition of World Labs, a developer of deep learning models, for $8.2 billion. The acquisition aims to enhance AMD's capabilities in understanding frontier workloads and developing AI-specific chips. Fei-Fei Li, the founder of World Labs, will join AMD as executive vice president and chief scientist.
Modal Labs Secures $750M Funding Round at $15.75B Valuation
Modal Labs, an AI inference infrastructure provider, is nearing a $750 million funding round led by Accel, which would increase its valuation to $15.75 billion. This funding round comes just four months after Modal's previous fundraising of $355 million at a valuation of $4.65 billion. The company has seen rapid growth in demand for its inference services, particularly from users of open-source models.
Open Source AI News
Verified releases, weights, benchmarks, licenses, checkpoints, and tooling for the open ecosystem. Follow the models you actually build with.
Modal Labs Secures $750M Funding Round at $15.75B Valuation
Modal Labs, an AI inference infrastructure provider, is nearing a $750 million funding round led by Accel, which would increase its valuation to $15.75 billion. This funding round comes just four months after Modal's previous fundraising of $355 million at a valuation of $4.65 billion. The company has seen rapid growth in demand for its inference services, particularly from users of open-source models.
Nvidia Launches Open Agent Safety Platform to Contain Rogue AI Agents
Nvidia has introduced the Open Agent Safety Platform, which is designed to contain and monitor AI agents, addressing recent concerns over rogue AI hacking incidents. The platform can quarantine agents attempting to breach their boundaries within milliseconds and utilizes Nvidia's OpenShell software and Sentry technology for continuous monitoring.
AI Supercharges Hacking: Impact on Hospitals and Banks
AI advancements have significantly enhanced the capabilities of cybercriminals, allowing even individuals with limited knowledge to conduct sophisticated attacks. Organizations like Vivian's Door have experienced breaches, raising concerns about the vulnerability of small and medium-sized institutions. Major AI companies are developing models to improve cybersecurity, but access remains limited to high-profile clients.