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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

    A $400M nonprofit backed by France and DeepMind is building AI’s ‘public option’ ARTIFICIAL INTELLIGENCE

    A $400M nonprofit backed by France and DeepMind is building AI’s ‘public option’

    Every big AI model belongs to a private company. A nonprofit backed by France, DeepMind and Salesforce wants to build a free, public alternative, and it has just started spending.

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