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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

    Kai-Fu Lee stopped building AI models and started selling enterprise data infrastructure. Now 01.ai is heading for a Hong Kong IPO. ARTIFICIAL INTELLIGENCE

    Kai-Fu Lee stopped building AI models and started selling enterprise data infrastructure. Now 01.ai is heading for a Hong Kong IPO.

    Lee conceded the model race after DeepSeek. 01.ai now fine-tunes open-weight models and wraps them in data software for enterprises. Half of its business is outside China.

    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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