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Samsung is reportedly in advanced discussions to invest in Perplexity AI, aiming to integrate its AI-powered search features into the Galaxy S26 series. This partnership could transform how users search and interact with their devices, potentially reducing Samsung's dependence on Google. Plans include preloading Perplexity's app and AI assistant on future smartphones and incorporating its search tools into the Samsung Internet browser.
Samsung Electronics is close to finalizing a significant investment in Perplexity AI, aiming to integrate the startup's search technology into its devices. The collaboration may involve preloading Perplexity’s app on new Samsung devices and enhancing the Samsung web browser with its search features. Additionally, discussions include incorporating Perplexity’s technology into Samsung’s Bixby virtual assistant.
Israeli startups raised over $950 million in May 2025, a decline of more than 30% from the previous year. The largest funding round was AI21 Labs’ $300 million series D, with significant interest in AI and defense technology, reflecting a diverse and resilient tech ecosystem. This funding landscape highlights ongoing investment in frontier technologies and the strategic focus on defense amid regional security challenges.
[Source: Bloomberg]
UK-based startup Space Forge has secured £22.6 million (approximately $30 million) in a series A funding round to advance its space-based semiconductor manufacturing efforts. The Cardiff company aims to utilize microgravity to produce high-quality wafer materials with fewer defects, supporting the upcoming launch of its ForgeStar-1 spacecraft. This initiative comes amid rising geopolitical tensions in semiconductor supply chains, highlighting the potential of space manufacturing as a neutral alternative.
Elad Gil, an early AI investor, has been backing startups like Perplexity, Character.AI, and Harvey ahead of the mainstream recognition of AI's potential. Now, he is shifting his focus towards leveraging AI to transform traditional businesses and scale them through roll-ups.
Builder.ai, a London-based startup once celebrated in the AI sector, has entered insolvency after revealing that its AI platform relied on hundreds of human engineers in India rather than machine learning. The company, which raised $445 million from investors like Microsoft, marketed its AI assistant "Natasha" as a no-code solution for software development, akin to assembling Lego bricks.
New-age tech stocks experienced a mixed week, with 15 out of 33 stocks gaining up to over 10%, while 18 saw declines ranging from 0.41% to over 12%. The total market capitalization for these companies decreased slightly to $85.88 billion. Investor response to the Q4 FY25 results from firms like Tracxn, Awfis, and Ola Electric was notably negative.
Nintendo is set to release its upgraded console, the Switch 2, aiming to replicate the success of its predecessor, which sold 152 million units since 2017. With a larger screen and enhanced processing power, strong early sales are anticipated despite challenges like US trade tariff uncertainties.
Silicon Valley venture capitalists are divided between those capable of investing heavily in artificial intelligence and those waiting to see the industry's direction. The generative AI boom, sparked by ChatGPT in 2022, has led to extraordinary valuations, with OpenAI raising $40 billion at a staggering $300 billion valuation, marking a historic moment in the region. Other AI companies are also experiencing significant financial backing.
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Samsung in talks to make Perplexity AI its default assistant on smartphones
08:56 02.06.2025
Samsung to integrate Perplexity AI features into its devices and services
06:20 02.06.2025
Israeli startups secure 950 million dollars in diverse funding across sectors
05:18 02.06.2025
samsung in talks to integrate perplexity ai into future devices
04:15 02.06.2025
space forge secures 30 million funding to advance space-based semiconductor manufacturing
01:10 02.06.2025
elad gil targets ai rollups to transform traditional businesses
21:18 01.06.2025
london startup builder ai faces insolvency over artificial intelligence claims
08:20 01.06.2025
new-age tech stocks experience mixed performance amid disappointing earnings reports
08:13 01.06.2025
nintendo launches switch 2 aiming for success amid market challenges
06:34 01.06.2025
silicon valley venture capitalists face challenges in the ai investment landscape
04:43 01.06.2025
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