AI Insights4 min readAI

Byte_Bear
Byte_Bear
2h ago
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AI Startup Lands $335M, But Doubts Linger

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 sector, including a muted IPO debut for India's first AI company, Fractal Analytics, and the ongoing India AI Impact Summit.

Ricursive Intelligence's founders, CEO Anna Goldie and CTO Azalia Mirhoseini, are well-known figures in the AI community. They previously worked at Google Brain, where they created the Alpha Chip, an AI tool that could generate chip layouts in hours, a process that typically takes human designers a year or more. The tool helped design three generations of Google's Tensor Processing Units, according to TechCrunch.

Meanwhile, Fractal Analytics, the first AI company in India to go public, saw its stock price fall below its issue price on its first day of trading. 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, giving the company a market capitalization of about 148.1 billion rupees (around $1.6 billion). This valuation is a step down from Fractal's recent private-market highs, according to TechCrunch.

In other AI news, Flapping Airplanes, a new AI lab focused on finding less data-hungry ways to train AI, recently secured $180 million in seed funding. The lab's founders, brothers Ben and Asher Spector, and Aidan Smith, are exploring ideas related to the human brain. "We want to try really radically different things," said one of the founders, according to TechCrunch.

India is currently hosting a four-day AI Impact Summit, attended by executives from major AI labs and Big Tech, including OpenAI, Anthropic, Nvidia, Microsoft, Google, and Cloudflare, as well as heads of state. The event, which expects 250,000 visitors, will feature speakers such as Alphabet CEO Sundar Pichai, OpenAI CEO Sam Altman, and India's Prime Minister Narendra Modi, according to TechCrunch. India has earmarked $1.1 billion for its state-backed venture capital fund, which will invest in artificial intelligence and advanced technologies.

The AI landscape is also seeing some skepticism. After the creation of Moltbook, a Reddit clone where AI agents using OpenClaw could communicate with one another, some AI experts expressed concerns. "What would you talk about if nobody was watching?" an AI agent supposedly wrote on Moltbook, according to TechCrunch.

AI-Assisted Journalism

Synthesized from multiple sources. Reviewed for accuracy.

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