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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.
[Bloomberg]
Israeli construction tech firm Buildots has secured $45 million in a Series D funding round led by Qumra Capital, bringing its total funding to $166 million. The investment will enhance its AI-driven platform for predictive analytics, aimed at improving project timelines and costs. With plans to expand in North America by 2025, Buildots is partnering with major contractors and capitalizing on the growing demand for AI solutions in the construction sector, particularly amid labor shortages and supply chain challenges.
Archer is set to launch its air taxi service in the UAE this year, working closely with the GCAA to meet safety and regulatory standards. The GCAA has adopted an expedited certification pathway, mirroring FAA rules, while Archer has secured key FAA certifications for commercial operations. In preparation, Archer is partnering with Etihad Aviation Training to recruit and train Emirati pilots, with plans for local manufacturing and scaling operations based on demand.
During a recent Microsoft event, CEO Satya Nadella mentioned that Elon Musk interned at Microsoft, which sparked curiosity about the accuracy of this claim. While initial searches found no evidence of such an internship, Walter Isaacson's biography of Musk confirms that he did intern at Microsoft's Toronto office in 1989. This revelation adds context to Musk's relationship with Microsoft amid ongoing tensions and a lawsuit, as the company seeks to expand its AI partnerships.
Elon Musk's companies have seen significant benefits under the Trump administration, including reduced regulatory scrutiny and lucrative government contracts, particularly for SpaceX and xAI. Despite facing backlash and declining Tesla sales, Musk's net worth has surged, with his ventures gaining international traction, such as Starlink's expansion in Saudi Arabia. However, challenges remain, including tariffs and public disapproval, which have impacted Tesla's brand reputation.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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
ClickHouse secures 350 million funding to enhance AI-driven database capabilities
05:20 30.05.2025
Buildots secures 45 million funding to enhance AI in construction technology
03:45 30.05.2025
UAE fast-tracks Archer air taxi approvals ahead of 2025 launch
12:14 29.05.2025
Elon Musk's Microsoft Internship Sparks Debate and New AI Developments
16:57 24.05.2025
Musk's Ventures Gain Momentum with U S Government Support and Contracts
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