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Chinese AI startup DeepSeek has quietly launched an upgraded version of its reasoning model, DeepSeek R1, intensifying competition in the global AI landscape. The new model was uploaded to Hugging Face, following the impactful release of its original R1 model earlier this year, which gained attention for its impressive performance and open-source accessibility.
At the recent Google I/O event, CEO Sundar Pichai expressed enthusiasm for the collaboration between OpenAI founder Sam Altman and former iPhone designer Jony Ive, who are developing a novel AI device. OpenAI announced plans to acquire Ive's AI devices startup, io, in a $6.4 billion all-equity deal.
This week in the startup world, AI continued to dominate activity, highlighted by an acquisition and various developments among startups and venture capitalists. While Nvidia's earnings reports captured attention, the quieter movements in the AI sector are equally significant.
Grammarly has secured $1 billion in non-dilutive financing from General Catalyst to enhance its AI capabilities and evolve into a comprehensive productivity platform. The funds will support sales, marketing, and strategic acquisitions, as the company aims to develop more communication-focused tools and integrate third-party applications for its 40 million daily users.
Dell has raised its annual profit forecast due to a surge in demand for its AI-powered servers, which utilize Nvidia chips. The company reported $12.1 billion in AI orders this quarter, exceeding total shipments from the previous year, leading to a 2% increase in shares during extended trading. Despite strong demand, high production costs and competition continue to pressure profit margins.
AI security startup Unbound has secured $4 million in an oversubscribed seed round led by Race Capital, with participation from Wayfinder Ventures, Y Combinator, and other investors. Based in Bengaluru, the company plans to invest over $1 million in India to enhance its research and development efforts, aiming to support local enterprises. Currently, Unbound has a team of eight.
OpenSea has officially launched its OS2 platform, capitalizing on the growing momentum of NFTs. This release marks a significant step in the evolution of the digital asset marketplace, catering to the increasing demand and interest in non-fungible tokens.
Marvell has projected second-quarter revenue that exceeds estimates, driven by robust demand for its custom AI chips. This positive outlook highlights the growing market for advanced semiconductor solutions tailored for artificial intelligence applications.
Apple's iPhone 16 became the world's best-selling smartphone in Q1 2025, with the iPhone 15 also outperforming many new Android models. Strong sales were noted in Japan and the Middle East, while the iPhone 16e debuted at sixth place. Samsung's Galaxy S25 Ultra and budget models like the Galaxy A16 5G performed well, but local brands like Huawei gained ground in China.
Chinese AI startup DeepSeek has released the R1-0528 update, enhancing its reasoning model to compete with US giants like OpenAI and Google. This update reduces false outputs by 45-50% and improves capabilities in creative writing and code generation, while also boosting Alibaba’s Qwen 3 model performance by over 10%. DeepSeek's cost-efficient development approach, training its R3 model for under $6 million, challenges traditional AI business models and highlights the rapid advancement of China's AI sector despite US export controls.
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DeepSeek AI launches upgraded R1 model intensifying global AI competition
23:08 30.05.2025
sundar pichai praises openai jony ive partnership for innovative ai device
20:33 30.05.2025
ai startups gain momentum amid acquisitions and market developments
19:40 30.05.2025
Grammarly secures one billion dollars to enhance AI productivity platform
17:48 30.05.2025
Dell boosts profit outlook amid rising demand for AI servers
16:53 30.05.2025
unbound secures 4 million funding to enhance ai security in india
15:59 30.05.2025
Opensea launches OS2 platform as interest in NFTs surges
12:49 30.05.2025
Marvell projects higher second-quarter revenue driven by custom AI chip demand
12:21 30.05.2025
iPhone 16 tops global smartphone sales as iPhone 15 outperforms Android rivals
10:20 30.05.2025
Chinese AI startup DeepSeek enhances reasoning model to challenge US competitors
07:10 30.05.2025
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