Ricursive Intelligence, a startup co-founded by former Google Brain and Anthropic engineers Anna Goldie and Azalia Mirhoseini, announced a $300 million Series A funding round last month, just four months after its launch, valuing the company at $4 billion, according to TechCrunch. The news comes amid a flurry of activity in the AI space, including the launch of new research labs and India's AI Impact Summit, highlighting both the excitement and the challenges facing the industry.
Goldie and Mirhoseini, known figures in the AI community, previously worked at Google Brain, where they developed the Alpha Chip, an AI tool that could generate chip layouts in hours, a process that typically took human designers a year or more. This tool helped design three generations of Google's Tensor Processing Units. The co-founders had also received offers from Mark Zuckerberg, which they did not accept, Goldie told TechCrunch.
Meanwhile, other AI ventures are also making waves. Flapping Airplanes, a research-focused AI lab founded by brothers Ben and Asher Spector and Aidan Smith, secured $180 million in seed funding. The lab is focused on finding less data-hungry ways to train AI, a potential game-changer for the economics and capabilities of AI models, according to TechCrunch. The founders are exploring ideas related to the human brain.
In India, the AI Impact Summit is underway, attracting executives from major AI labs and Big Tech companies, including OpenAI, Anthropic, Nvidia, Microsoft, Google, and Cloudflare. The event, which expects 250,000 visitors, features speakers like Alphabet CEO Sundar Pichai, OpenAI CEO Sam Altman, and Anthropic CEO Dario Amodei. India is also earmarking $1.1 billion for a state-backed venture capital fund to invest in AI and advanced technologies, according to TechCrunch.
However, not all news in the AI world is positive. Fractal Analytics, the first AI company to IPO in India, had a muted debut on the public markets. The stock listed below its issue price and closed down, lending the company a market capitalization of about $1.6 billion, a step down from its recent private-market highs, according to TechCrunch.
The excitement surrounding AI is also tempered by some skepticism. Following the creation of Moltbook, a Reddit clone where AI agents using OpenClaw could communicate, some AI experts questioned the hype. "What would you talk about if nobody was watching?" an AI agent supposedly wrote on Moltbook, according to TechCrunch.
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