Turing's Revenue Soars, Snowflake's $1.5B Acquisition, and SoftBank Eyes $25B OpenAI Investment - Daily AI Brief #94

Hi there,

In today's news Turing tripled its revenue to $300 million, Snowflake is set to acquire Redpanda for $1.5 billion, and SoftBank is considering a $25 billion investment in OpenAI. And as you might have expected, DeepSeek and Delson Group are fighting again over trademark conflicts.

Top stories

Turing's Revenue Triples to $300 Million

Turing, an AI data startup, has tripled its revenue to $300 million in 2024, reaching profitability by providing human trainers to major AI labs. Read more

UK Investigates DeepSeek AI App for Security Risks

The UK government is assessing the DeepSeek AI app, created by a Chinese company, for possible national security threats. This follows its rising popularity and concerns from data regulators globally. Read more

Snowflake to Acquire Redpanda for $1.5 Billion

Snowflake is in negotiations to acquire Redpanda, a data analytics startup, for approximately $1.5 billion. This acquisition aims to boost Snowflake's AI-driven capabilities in real-time data processing. Read more

SoftBank Considers $25 Billion Investment in OpenAI

SoftBank is in discussions to invest up to $25 billion in OpenAI, potentially becoming its largest investor. This development follows concerns raised by OpenAI about DeepSeek's AI model allegedly using its proprietary technology. Read more

Mistral AI Launches 24B-Parameter Model

Mistral AI has introduced Mistral Small 3, a 24 billion parameter model optimized for low-latency, achieving over 81% accuracy on MMLU. It is released under the Apache 2.0 license and competes with larger models like Llama 3.3. Read more

DeepSeek Trademark Conflict with Delson Group

Chinese AI company DeepSeek faces a trademark issue in the US after Delson Group filed for the same trademark, claiming prior use since 2020. Read more

Meta to Invest Billions in AI Amid Competition

Meta CEO Mark Zuckerberg announced plans to invest heavily in AI, with a focus on infrastructure and the upcoming Llama 4 model, in response to competition from DeepSeek and market reactions affecting Nvidia. Read more

CoreWeave Appoints Corey Sanders as SVP of Strategy

CoreWeave has appointed Corey Sanders, a former Microsoft executive, as its new Senior Vice President of Strategy to enhance market leadership and growth in the AI ecosystem. Read more

Microsoft Azure Growth Slows Due to Data Center Limits

Microsoft Corp. reports slower growth for its Azure cloud division due to data center capacity constraints, despite high demand for AI products. The company plans significant investments to address these challenges. Read more

AI-Related Securities Class Action Filings Double in 2024

In 2024, securities class action filings increased for the second year, with AI-related cases rising from seven to 15, according to a report by Cornerstone Research and Stanford Law School. Read more

Other Stories

• L&T to Build AI-Enabled Data Center in Uzbekistan

• Nexar and Japan Post Collaborate on Road Monitoring

• Lam Research Projects $4.65 Billion Revenue Amid AI Demand

• BonV Aero Receives Funding for eVTOL and Drone Tech

• Oregon Legal Tech Startup Secures $22M for AI Platform

• SuperOps Secures $25M to Boost AI for IT Services

• Lendbuzz Completes $262 Million Securitization

• Microsoft Adds DeepSeek's R1 Model to Azure AI

• Anthropic CEO on US Export Rules Impacting DeepSeek

• U.S. Copyright Office Report on AI-Generated Outputs

• India to Host Chinese AI Lab DeepSeek's Models

• ServiceNow and Google Cloud Enhance AI Partnership

• Nokia Targets €1B in AI Data Center Sales

• OSE Immunotherapeutics Partners with Scienta Lab for AI in Immunotherapy

• Rice University Develops PRISM Tool with AI

• NVIDIA AI Unveils Eagle 2 Vision-Language Model

• Euroclear and Microsoft Partner for Capital Markets

• Salesforce Launches GenAI POS System

• Locus Robotics Partners with The Quality Group in Germany

• Gallabox Secures $3.5M for AI WhatsApp Agents

• IMDRF Finalizes Machine Learning and Risk Documents

• Fiscalix Introduces SARAH AI Audit Manager

• Final Round AI Secures $6.88 Million in Seed Funding

• SuperOps Secures $25M to Boost AI for MSPs

• Lovelytics Acquires Datalytics to Boost Databricks Expertise

• Athenic AI Raises $4.3M Seed Funding

• Deloitte and May Mobility Partner on Autonomous Transport

• Kodesage Secures €2.3M for AI in Software Modernization

• DDC Solutions Report on Data Center Risk Management

• WiseLayer Secures $7.2M for AI in Finance

• AI Tool MUNIS for Vaccine Development

• Waterlily Raises $7M for AI Long-Term Care Planning

• MIT Appoints Gary Gensler to FinTechAI Initiative

• AI Model Predicts Cardiovascular Events in CAD Patients

• White House Reviews Security Risks of Chinese AI App DeepSeek

• NatWest Invests in AI Startup Serene

• Ryght AI and CRSA Partner for Cancer Trials

• Canvas Secures $10M for 3D Modeling Tech

• Australia Invests $32M in AI Startup Harrison.ai

• SPX FLOW and Siemens Collaborate on Digital Twin Technology

• Frenos Secures $3.88M for AI OT Security Platform

• ASML Sees Increase in AI Equipment Orders

• International AI Safety Report Released

• Harmonya Receives Investment from dunnhumby Ventures

• Abridge's AI Tool for Emergency Departments

• Adecco Group Partners with Bullhorn for AI Recruitment

• Delve Secures $3.3M for AI Compliance Automation

• India to Develop Its Own Generative AI Model

• Arteria AI Launches Arteria Café for AI in Finance

• MapmyIndia Acquires Stake in AI Startup SimDaas

• Telangana and QuantumBasel Launch Quantum Hub

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