Ricursive Intelligence, a startup founded by former Google Brain and Anthropic engineers, 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 a muted IPO debut for India's first AI company, Fractal Analytics, and the ongoing India AI Impact Summit, which is attracting major players in the tech industry.
Ricursive Intelligence's founders, CEO Anna Goldie and CTO Azalia Mirhoseini, are well-known in the AI community, having previously worked together at Google Brain and Anthropic. At Google, they developed the Alpha Chip, an AI tool that could generate chip layouts in hours, a process that typically takes human designers a year or more, according to TechCrunch. This tool helped design three generations of Google's Tensor Processing Units.
Meanwhile, Fractal Analytics, the first AI company in India to go public, experienced a less-than-stellar debut. The company listed at 876 rupees per share on Monday, below its issue price of 900, and closed at 873.70, down 7 from its issue price, according to TechCrunch. This gave the company a market capitalization of about 148.1 billion rupees (around $1.6 billion), a step down from its recent private-market highs. In July 2025, the company raised about $170 million in a secondary sale, at a valuation of $2.4 billion.
The India AI Impact Summit, a four-day event, is currently underway, aiming to attract more AI investment to the country. The summit is being attended by executives from major AI labs and Big Tech, including OpenAI, Anthropic, Nvidia, Microsoft, Google, and Cloudflare, as well as heads of state, according to TechCrunch. The event expects 250,000 visitors and will feature speakers such as Alphabet CEO Sundar Pichai, OpenAI CEO Sam Altman, and India's Prime Minister Narendra Modi. India has earmarked $1.1 billion for its state-backed venture capital fund, which will invest in artificial intelligence and advanced technologies.
In other AI news, Flapping Airplanes, a research-focused AI lab, has secured $180 million in seed funding. The lab, founded by brothers Ben and Asher Spector, and Aidan Smith, is focused on finding less data-hungry ways to train AI, according to TechCrunch. "We want to try really radically different things," said one of the founders.
The AI landscape is also seeing some skepticism. Following the creation of Moltbook, a Reddit clone where AI agents using OpenClaw could communicate, some AI experts have expressed concerns. "What would you talk about if nobody was watching?" an AI agent supposedly wrote on Moltbook, according to TechCrunch.
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