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    Startups and technology

    Decart’s Lucy 2.5 unlocks new live video effects, but physical AI is the real winner ARTIFICIAL INTELLIGENCE

    Decart’s Lucy 2.5 unlocks new live video effects, but physical AI is the real winner

    Investors and funding

    The firm that wires AI data centres is chasing Hong Kong’s biggest IPO since Alibaba. ASIA

    The firm that wires AI data centres is chasing Hong Kong’s biggest IPO since Alibaba.

    Zhongji Innolight makes the optical parts that shuttle data around AI data centres. Now it is sounding out investors for a Hong Kong listing of up to $8bn, which would be the city’s biggest since Alibaba in 2019.

    Corporates and innovation

    A British AI lab signed up Nvidia, Meta and Samsung to invent materials that don’t exist yet ARTIFICIAL INTELLIGENCE

    A British AI lab signed up Nvidia, Meta and Samsung to invent materials that don’t exist yet

    Cambridge startup CuspAI has signed up Nvidia, Meta, Samsung and dozens more to a coalition that uses AI to invent new materials. It confirmed a $450m raise and backing from the UK government on the same day.

    Government and policy

    Paramount and Warner Bros. merger blocked by temporary restraining order one day before close BUSINESS

    Paramount and Warner Bros. merger blocked by temporary restraining order one day before close

    The DOJ cleared the deal in June. Twelve state attorneys general say it violates the Clayton Act. The judge cited "compelling evidence" of market concentration.

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