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DeepSeek pauses its second fundraising round after founder’s leaked investor comments go viral
Artificial Intelligence
Nvidia is pouring $1 billion into South Korea’s AI infrastructure through Naver and SK Group
Artificial Intelligence
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ARTIFICIAL INTELLIGENCE
A development bank just built a €1.4bn insurer in two years
Ominimo sells car insurance in four countries. Two years after its first policy, investors just put €1.4bn on it. It is profitable, which is rare. It also does not carry its own insurance risk, which is the interesting part.
ARTIFICIAL INTELLIGENCE
Nvidia just invested in a company that sells nothing
Nvidia has taken a substantial stake in Safe Superintelligence, the lab Ilya Sutskever founded after leaving OpenAI. SSI has no product, no revenue and a $32bn valuation. It says the money will let it multiply its compute tenfold within a year, and that its research has reached the point of being worth scaling.
ARTIFICIAL INTELLIGENCE
Nadella won’t call it a bubble. He’ll only say how it ends badly.
Asked on CNN whether we are in an AI bubble, Satya Nadella did not deny it. He set a condition instead: unless AI produces broad, economy-wide growth, "we're not going to have this movie end well." That was Sunday. The same weekend, his own executives told Business Insider Microsoft is so short of compute that Copilot is served before Azure customers, even as cloud sales quotas rise 30%. Earnings land on Wednesday.
BUSINESS
Microsoft pursues Supreme Court appeal in £270 million software resale case
ValueLicensing sued for £270M over claims Microsoft blocked the resale of surplus Office licences. A related class action could cost Microsoft billions. The stay is partial.
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