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Today's top stories

Healthcare

Spotify Founder Daniel Ek Is Bringing His Body-Scanning Clinics to the U.S.

Neko Health, a health startup co-founded by Spotify CEO Daniel Ek, provides full-body scans using AI technology to detect early signs of diseases. After establishing clinics in Europe, the company raised $700 million to expand into the U.S., opening new locations including New York City. The service combines advanced imaging, blood tests, and traditional health screenings to offer rapid results and personalized health plans.

Hardware & Chips

OpenAI finally launches hardware… for Codex

OpenAI has introduced a new hardware device called Codex Micro, designed to enhance interaction with its coding platform, Codex. Developed in partnership with keyboard maker Work Louder, the device features customizable keys and controls to monitor and manage coding tasks, and will be sold in limited quantities. This product is distinct from OpenAI's ongoing hardware project with former Apple designer Jony Ive, which remains under development amid legal disputes.

LLM & Text Generation

Apple Intelligence approved for launch in China with Alibaba’s Qwen AI

Apple's generative AI service, Apple Intelligence, has been approved for launch in China following a partnership with Alibaba to integrate its Qwen AI model into Apple's operating systems. This collaboration marks a significant advancement for Apple's AI presence in China, a key market where the company recently saw a 28% sales increase and regained the No. 2 smartphone market position. Previous attempts to enter the Chinese AI market involved negotiations with Baidu and other companies but were

AI Research

South Korea will give all 52 million citizens free AI access, becoming the first G20 nation to do so

South Korea has launched a government initiative to provide free, unlimited AI chatbot access to all 52 million citizens, aiming to be the first G20 country to offer such a public AI service. The program mandates that at least half of the AI models used be domestically developed, with a beta release planned for September and full launch by the end of the year. This effort also seeks to support local AI developers and reduce reliance on foreign AI providers, funded partly by semiconductor tax sur

AI Research

Albanese’s AI plan is admirable – but will face tech giants more powerful than most national governments

Australian Prime Minister Anthony Albanese outlined a plan to manage the impact of artificial intelligence, including new regulations for data centers and the creation of an AI office within his department. The government aims to balance technological advancement with community concerns, infrastructure demands, and ensuring Australia benefits from AI innovation rather than just serving as a data hub. However, experts note that Australia may have limited influence over major global tech companies

Finance

CXMT prices a record $8.5bn Shanghai IPO, valuing China’s memory champion at $85bn

ChangXin Memory Technologies (CXMT), China's largest memory chipmaker, has priced its Shanghai IPO at about $8.5 billion, valuing the company at approximately $85 billion. The IPO marks the largest listing by a Chinese semiconductor firm on a mainland exchange and comes amid rising DRAM demand and U.S. export restrictions. CXMT, backed by the Chinese government, aims to use the funds to expand capacity while navigating geopolitical challenges including potential U.S. trade blacklists.

Film Photography & Animation

We’d Rather Live Through the Trojan War Than Spend 135 Minutes Watching an Entirely AI Version of “The Odyssey”

A startup named Fountain 0 has created "Odysseus: The Fall," a 135-minute film entirely generated by AI, adapting the Greek epic The Odyssey. The film features low-quality visuals and an ambiguous synopsis, aiming to capitalize on the release of Christopher Nolan's upcoming movie on the same subject, despite skepticism from Nolan about AI-generated content.

Robotics

New Startup Is Building Mini Drones to Wage a War of Total Destruction on Mosquitos

A French startup named Tornyol has developed small drones that use ultrasonic sonar to autonomously detect and eliminate mosquitoes by targeting their wingbeat frequency. These drones can patrol areas up to five acres, distinguish mosquitoes from other insects, and aim to eradicate mosquitoes by mapping their breeding and feeding habits. The company envisions these drones as a scalable, cost-effective solution to combat mosquito-borne diseases such as malaria.

Film Photography & Animation

George Lucas likens AI sceptics to luddites clinging to horses and carts

George Lucas supports the adoption of AI in filmmaking, comparing resistance to the technology to clinging to outdated modes of transport like horse-drawn carriages. He views AI as an inevitable part of progress that simplifies movie production. Other directors have mixed opinions on AI, with some embracing it and others expressing skepticism or ambivalence, while Lucas also criticized the influence of audience testing on creative decisions.

AI Research

DeepSeek is preparing an IPO and chasing a $71bn valuation, weeks after its first raise

DeepSeek, a Chinese AI lab, is preparing for an initial public offering potentially in late 2026 or early 2027, aiming for a valuation around $71 billion. The company recently raised about $7 billion in a private funding round and is seeking additional investment before going public. Its rapid valuation increase reflects strong investor interest and growing revenue from cloud-based AI services.

Machine Learning

ASML plans to build EUV machines 30% faster as AI demand outstrips its production capacity

ASML is accelerating the production cycle of its extreme ultraviolet (EUV) lithography machines from 22 weeks to approximately 15-16 weeks to meet rising demand driven by AI chip manufacturing. The company is nearly fully booked for 2027 and has raised its sales forecast to €43-45 billion, planning a 30% capacity increase for 2027 with potential further expansion in 2028. These efforts include streamlining testing protocols and optimizing clean room usage to boost output while maintaining device

LLM & Text Generation

Apple is in talks with the startup shrinking a 27B AI model onto an iPhone

Apple is in preliminary discussions with PrismML, a startup that compresses large AI models to run efficiently on devices like iPhones. PrismML recently released a compressed version of Alibaba's Qwen model, significantly reducing its size to fit within an iPhone 17 Pro's memory while maintaining most of its performance. This technology could enable Apple to run more AI processing locally on devices, enhancing Siri's capabilities, reducing latency, lowering cloud costs, and improving user data's

Social Media

UK proposes a midnight social media curfew for older teens

The UK government has proposed a default midnight to 6am social media curfew for 16 and 17-year-olds, alongside automatic disabling of addictive features like infinite scrolling, although teens can opt out. This follows a pilot study indicating mental health benefits from such restrictions, with plans to introduce related AI chatbot regulations targeting under-18 users. The measures aim to protect older teens' wellbeing while balancing their social needs, with legislation expected by spring 2027

AI Research

Anthropic, Blackstone bet the next trillion-dollar AI business is implementation, not just models

Anthropic and Blackstone have launched Ode, a $1.5 billion AI implementation company focused on deploying AI engineers to help enterprises adopt AI technologies effectively. Ode, built upon the acquisition of AI engineering startup Fractional AI, aims to become a major player in AI services by tailoring AI systems to business needs and leveraging backing from major private equity firms. This move reflects a broader trend among AI labs recognizing that enterprise success depends on more than just

Robotics

Dutch Monumental raises $32m led by Khosla to put more bricklaying robots on site

Monumental, a Dutch company specializing in bricklaying robots, has secured $32 million in Series B funding led by Khosla Ventures to expand its robotic fleet in Europe and launch operations in the U.S. Their fully electric robots use advanced technologies to lay bricks on construction sites, addressing labor shortages in the building industry by offering subcontracted services rather than selling hardware. The company aims to scale its workforce and robot capabilities to meet high demand, such 

Agents

Reelful’s AI turns your camera roll into short-form videos for social media

Reelful is an iOS app that leverages AI to automatically create short-form social media videos from users' photos and video clips, simplifying the editing process. Users input a story prompt and create a voice clone, after which the app generates a complete video with AI voiceover, captions, music, and effects. The app aims to help busy individuals build their online presence without spending extensive time on video editing.

Machine Learning

Rime picks up $24M Series A to help enterprises field customer calls

Rime, a San Francisco-based startup founded in 2022, has raised $24 million in a Series A funding round to advance its voice AI technology for enterprise customer calls. The company differentiates itself by collecting its own conversational data to train models that better handle brand-specific pronunciations and industry terms, aiming to improve the effectiveness of AI-driven voice interactions. Despite progress, Rime acknowledges that current voice AI still struggles to fully replace legacy IV

AI Research

Alibaba stock jumps 4% after Qwen is approved to run Apple Intelligence in China

China has approved Alibaba's Qwen AI model to be integrated into Apple's Intelligence features across multiple Apple operating systems for users in China, following a lengthy regulatory process. This integration allows Chinese users to utilize Qwen's capabilities seamlessly within Apple's ecosystem, while PrismML has developed a compressed version of Qwen that can run on iPhone 15 devices. The move occurs amid ongoing US-China technology tensions and regulatory scrutiny of AI collaborations.

Finance

Velocity raises $38M to move business money with stablecoins

London-based fintech company Velocity has secured $38 million in a Series A funding round to develop infrastructure that enables businesses to move money using stablecoins, which are dollar-pegged digital tokens. The platform integrates stablecoin transactions with traditional banking systems to facilitate faster settlements without disrupting existing treasury operations. Velocity operates in multiple regions and faces competition from traditional banks and other fintech startups in the growing

Healthcare

Zipline is launching healthcare drone delivery with Cleveland Clinic. It hired Tesla and Waymo veterans to scale.

Zipline has significantly expanded its autonomous drone delivery service, completing over 2.5 million deliveries and operating more daily flights than major US airlines. The company is launching a healthcare delivery service with Cleveland Clinic in Ohio and expanding food and retail deliveries in Austin, Texas. To support this growth, Zipline has hired experienced executives from Tesla, Waymo, and Uber, signaling a move toward large-scale operations.

AI Research

Indian AI coding startup Emergent becomes a unicorn with $130M Series C

Emergent, an Indian AI coding startup, has raised $130 million in a Series C funding round, reaching a $1.5 billion valuation just six months after its previous funding. The company targets entrepreneurs and small to medium businesses by offering AI-powered tools that simplify software development, achieving $120 million in annual run-rate revenue and over 200,000 paying customers globally. Emergent competes with other AI coding platforms by focusing on comprehensive deployment and management,,

AI Research

Vint Cerf is working on a plan to unleash AI agents on the open internet

Vint Cerf, a key figure in internet development, has joined Innovation Labs to help create open standards for AI agents to identify themselves on the internet. Innovation Labs proposes a system called DNSid that links AI agents to domain names with cryptographic proofs to ensure accountability and trust. This effort aims to address challenges in managing autonomous AI agents operating across the internet by establishing shared identification and auditing protocols.

Hardware & Chips

India pledges $20 billion to boost chips and smartphones as Modi pushes for an Indian mobile brand

India has announced nearly $20 billion in incentives to boost domestic semiconductor and smartphone manufacturing, including $13.3 billion for chip-related activities and $6.5 billion for mobile phone production. The initiative aims to foster an Indian mobile brand to compete with Chinese dominance and builds on previous efforts to develop local chip production capabilities. This move is part of a broader strategy to enhance technological self-reliance amid global supply chain challenges.

AI Research

Abu Dhabi already runs its government on AI

Abu Dhabi has implemented an AI-driven government system through the TAMM app, which automates services like ID renewal, healthcare appointments, and payments, enhancing citizen convenience. This initiative stems from a decade-long strategic investment in AI, supported by a centralized government structure that enables rapid adoption, though it raises concerns about surveillance. Despite geopolitical tensions, the UAE continues to pursue AI development and collaboration with global powers.

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