Artificial Intelligence
Nutshell Therapeutics, also known as Yudao Bio, a Shanghai-based AI biotechnology and drug discovery firm, has closed a Series C1 funding round backed by Trustbridge Capital, Decheng Capital and other investors.
Aravind Kumar
Author
Stockholm-based Tandem Health has raised $100 million to expand its AI medical assistant into a broader operating system for European clinics, part of a wave of AI infrastructure investment targeting regulated clinical and financial workflows.
India is positioning artificial intelligence as its next major financial sector growth driver following UPI's success, exploring autonomous AI agents for credit assessment, fraud detection and personalised banking services across the country's financial networks.
Graph AI has raised $13.3 million in a Series A round led by Insight Partners, with existing investor Bessemer Venture Partners also participating, to expand its AI software for pharmaceutical patient-safety case processing across the US and Europe.
OpenAI has ruled out pursuing an initial public offering this year, as leading AI figures including Sam Altman, Elon Musk and Dario Amodei jointly cautioned that the pace of AI development is outstripping the industry's ability to manage its risks.
The NSA, CISA and FBI issued a joint advisory alleging that DeepSeek, Moonshot AI, Alibaba, MiniMax, StepFun and Z.AI have run aggressive distillation efforts against US frontier AI models since late 2024, extracting billions of tokens across millions of exchanges.
Chinese AI company DeepSeek has quietly opened a limited beta for V4.1 Flash, an interim model featuring a new architecture and native multimodal support, with access expiring September 10.
Enterprise AI data-infrastructure startup Euno, based in San Francisco and Tel Aviv, has raised $23 million in a Series A round, bringing its total funding to $29 million as it builds context infrastructure for AI agents.
Sunnyvale-based cybersecurity startup Cylake has raised $245 million in convertible notes from Lightspeed Venture Partners, Picture Capital and Redpoint Ventures, as it approaches the beta release of its next-generation security platform.