#European AI startups raised  billion in 2024

#European AI startups raised $8 billion in 2024

In just a few days, France will host the Artificial Intelligence Action Summit, with heads of state flocking to Paris to meet global tech leaders. They’ll most likely announce some big investments and diplomatic agreements focused on safety or the environmental impact of artificial intelligence. Ahead of the summit, early-stage VC firm Galion.exe, growth investment…

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#OpenAI unveils a new ChatGPT agent for ‘deep research’

#OpenAI unveils a new ChatGPT agent for ‘deep research’

OpenAI is announcing a new AI “agent” designed to help people conduct in-depth, complex research using ChatGPT, the company’s AI-powered chatbot platform. Appropriately enough, it’s called deep research. OpenAI said in a blog post published Sunday that these this new capability was designed for “people who do intensive knowledge work in areas like finance, science,…

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#Google’s X spins out Heritable Agriculture, a startup using AI to improve crop yield

#Google’s X spins out Heritable Agriculture, a startup using AI to improve crop yield

Google’s X “moonshot factory” this week announced its latest graduate. Heritable Agriculture is a data- and machine learning-driven startup aiming to improve how crops are grown.  As the firm noted in an announcement post published Tuesday, plants are incredibly efficient and impressive systems. “Plants are solar powered, carbon negative, self-assembling machines that feed on sunlight…

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#Venture debt lenders will play a big role in fire sales and startup shutdown this year, experts say

#Venture debt lenders will play a big role in fire sales and startup shutdown this year, experts say

When accounting startup Bench abruptly failed last month, the shutdown was forced when the company’s lenders called in the startup’s loan. In late 2023, the digital freight company Convoy faced financial challenges, leading venture lending firm Hercules Capital to assume control of the company to recover its investments. Divvy Homes, which sold for about $1…

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#India pledges fresh billion for startups

#India pledges fresh billion for startups

India announced a new $1.15 billion Fund of Funds for startups on Saturday while unveiling sweeping regulatory reforms and an ambitious nuclear energy program, as New Delhi seeks to boost tech innovation and clean energy in the world’s fifth-largest economy. Finance Minister Nirmala Sitharaman, presenting the federal budget for 2025-26, said the fund builds on…

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