UK-based scientific research start-up CuspAI is on track to raise $400 million in a new funding round featuring Amazon founder Jeff Bezos among its investors, reports the Financial Times.
At the Google Cloud Summit in London, we highlighted the critical role of Google Cloud in supporting the UK government's Augmented Planning Decisions tool, showcasing how cloud technology drives innovative public sector solutions.
Conduct, a London-based AI startup founded by three former Palantir employees, has successfully raised $60 million in Series A funding. The company aims to modernize enterprise resource planning (ERP) systems using advanced AI technologies. This latest investment round was co-led by new and existing investors, positioning Conduct to accelerate its growth and innovation in the AI-driven enterprise software space.
Dario Amodei, CEO of Anthropic, recently took part in a working lunch with G7 leaders, tech CEOs, and innovation experts during the June 2026 G7 Summit in France, amidst rising tensions over frontier AI development. This conflict recalls the early Trump administration's factional disputes, highlighting competing visions and interests within the AI field. For a deeper dive, read the full coverage on The Verge.
Peter DeSantis, Amazon’s senior vice president responsible for AI models, custom chips, and quantum computing, admitted in a CNBC interview that Amazon’s AI technology is currently not leading in the most demanding and advanced workloads. However, he expressed confidence that Amazon is working hard to close the gap and become a major player in the AI space soon.
PsiQuantum has commenced construction of a major quantum computing facility in Moreton Bay, Queensland. This ambitious project aims to develop the world’s first utility-scale, fault-tolerant quantum computer. The facility will house tens of thousands of photonic quantum chips, supported by one of the largest cryogenic systems ever built for quantum computing, marking a significant milestone in the field. Victor Peng, CEO of PsiQuantum, emphasizes the groundbreaking nature of this endeavor as it moves forward.
Behavox has successfully raised $175 million in preferred equity from HPS Investment Partners, the private credit firm recently acquired by BlackRock for $12 billion. This capital injection will be used to enhance Behavox’s integrated AI-driven compliance platform and support strategic acquisitions. This marks the company's first equity fundraising round in six years. Additionally, Behavox has fully repaid its previous debts as part of this agreement.
China's top diplomat Wang Yi revealed plans to accelerate the creation of an international AI cooperation organization, inviting global participation to foster shared progress. This initiative contrasts with the recent G7 summit in France, where leaders focused on restricting advanced US AI model access to trusted allies, highlighting divergent approaches to AI governance and access across the world.
Pramaana Labs is channeling its efforts into sectors where precision is critical, such as law, drug discovery, and tax preparation. These fields demand a high level of accuracy and reliability due to the significant consequences of errors. By leveraging formal verification techniques, Pramaana aims to elevate the safety and trustworthiness of AI applications in these areas.
After a decade of operations and around 80 investments, PayPal Ventures, the corporate venture capital division of PayPal, has officially shut down as part of the company's ongoing restructuring efforts.
