James Dargan

Venice AI, a platform offering access to more than 200 AI models while emphasizing user privacy, announced a $65 million Series A round at a $1 billion valuation, its first external fundraise. The round was led by crypto-focused venture firm Dragonfly, with participation from Coinbase Ventures, North Island Ventures and others. The company, founded two years ago, reports more than 850,000 unique website visitors, 3 million active users, and annualized run-rate revenue exceeding $70 million, according to CEO Erik Voorhees.

Indian serial entrepreneur Bhavin Turakhia is self-funding a $30 million bet on Neo, a new enterprise work platform combining project management, documents, file storage and AI into a single product. Turakhia, who has previously co-founded companies including Directi, Radix, Titan and banking software firm Zeta, said he is personally financing Neo based on his belief that AI represents a shift significant enough to require rebuilding workplace software entirely rather than adding AI features to older systems.

Ashton Kutcher is departing Sound Ventures, the venture firm he co-founded with Guy Oseary 11 years ago, to launch a new fund with Morgan Beller, a former general partner at NFX who previously co-led Meta's Libra cryptocurrency project and spent nearly three years at Andreessen Horowitz, the Wall Street Journal reported. The name of the new firm has not yet been disclosed.

Lovable, a Swedish vibe-coding startup, is reportedly in talks to raise $300 million at a $13.2 billion valuation, double the $6.6 billion valuation it achieved

OpenAI had one of its most consequential weeks yet, marked by a major model launch, a senior leadership departure, mounting legal pressure, and a strategic retreat from one of its consumer products.

Meta is on track to begin production of its latest AI chips in September as part of an effort to reduce GPU costs amid ongoing component shortages, Reuters reported, citing an internal memo. The chips, developed under Meta's Meta Training and Inference Accelerator program with Broadcom and manufactured by TSMC, are intended to support training for Meta's ranking algorithms, broader AI workloads and inference. Meta expects capital expenditures between $125 billion and $145 billion this year, much of it tied to AI infrastructure, and plans to deploy 7 gigawatts of compute this year, doubling that figure next year.

Google is introducing a new feature designed to help users identify when an advertisement has been created or edited using AI technology. The tool will

Every AI headline in 2026, from frontier model launches to boardroom debates about agentic workflows, gets filed under the same catch-all word: AI. That

Insider Brief Cognibotics was selected for €6.5 million in blended finance from the European Innovation Council Accelerator to advance its industrial robot platform for logistics

SK Hynix, the South Korean memory chip manufacturer, raised $26.5 billion in its U.S. market debut, marking the largest-ever American listing by a