France, EU & Saudi Arabia's AI Ambitions; DeepSeek's Impact; Funds for Customer Experience, AI Platform as a Service & AI Infrastructure and more

France, EU & Saudi Arabia's AI Ambitions; DeepSeek's Impact; Funds for Customer Experience, AI Platform as a Service & AI Infrastructure and more

Investments

  1. AI Customer Experience: Lorikeet , an AI customer experience pioneer, has raised an additional $9 million in funding from Blackbird , Square Peg and Skip Capital . The company has seen 3.5 times growth in bookings since launching in October 2024, adding Eucalyptus , Step and Magic Eden as customers. Steve Hind , co-founder and CEO, aims to enhance Lorikeet's intelligent graph technology and expand enterprise capabilities. READ
  2. AI Platform As a Service: TrueFoundry , a startup founded by former Meta engineers, has raised $19 million in a Series A round led by Intel Capital . The company provides a platform-as-a-service to help enterprises deploy AI systems at scale. With 30 paid customers, including 英伟达 and 西门子医疗 , TrueFoundry aims to expand its team and invest in partnerships. Co-founders Nikunj Bajaj , Abhishek Choudhary and Anuraag Gutgutia plan to use the funding to accelerate growth. READ
  3. AI Infrastructure: Future AGI , an AI infrastructure company, has raised $1.6 million in a pre-seed funding round co-led by Powerhouse Ventures and Snow Leopard Ventures. The company will use the funds to scale its AI lifecycle management platform and grow its teams. Nikhil Pareek , CEO, and Charu Gupta , Co-founder, aim to make AI systems trustworthy and reliable in production, with a platform that reduces AI product development time by up to 95%. READ

News

  1. France's AI Investment Surge: French President Emmanuel Macron announced a massive €109 billion investment in AI infrastructure, aiming to position France as a global leader in AI. This initiative includes contributions from international partners like the UAE and Canada, and focuses on building advanced data centers and fostering AI innovation. READ
  2. EU's AI Commitment: The European Union has pledged €200 billion towards AI development, with a focus on creating AI gigafactories and leveraging Europe's industrial and scientific heritage to lead in AI applications. READ
  3. Saudi Arabia's AI Investments: At the LEAP 2025 event, Saudi Arabia announced $14.9 billion in new AI investments, including a $1.5 billion commitment to US semiconductor startup Groq to expand AI chip delivery. READ
  4. DeepSeek's Impact: The Chinese AI model DeepSeek R1 has stirred the global AI landscape by offering competitive performance at a fraction of the cost of its US counterparts. This has led to significant market reactions and raised questions about AI development costs. READ

Research

  1. Education and Personalized Learning: Changyong Qi et. al. integrates LLMs with knowledge graphs to enhance Socratic teaching methods, improving the accuracy and reliability of educational applications. This integration is particularly beneficial in mathematics education, showcasing the potential of AI-driven educational solutions. READ
  2. Optimization and Efficiency: Tom Wallace , Dr. Beatrice Ombuki-Berman and Naser Ezzati-Jivan are exploring optimisation strategies like quantization, knowledge distillation, and pruning to enhance the energy and computational efficiency of transformers and LLMs, addressing the substantial resource costs associated with their improvements. READ


Stay tuned for more updates in next week’s digest!

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