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AI News

News reporting focused on AI and machine learning, covering the companies behind these technologies, their real-world applications, and the ethical concerns they raise. This includes areas like generative AI (large language models, text-to-image and video), speech tech, and predictive analytics.

Latest News

38 articles
Funding

Medtronic Invests $700 Million in Cornerstone Robotics for Sentire Distribution Rights

Medtronic announced a strategic partnership with Hong Kong-based Cornerstone Robotics, investing approximately $700 million for distribution rights to the Sentire surgical system in select non-U.S. markets. The deal creates a two-platform robotic surgery portfolio, pairing Medtronic's Hugo RAS system with Sentire. This investment supports Cornerstone's expansion and reflects a broader trend toward multi-platform strategies in surgical robotics.

Sep 16 minNeura News
Funding

Edgify Raises $9 Million to Bring AI to the Retail Edge

Edgify, a London-based company specializing in edge AI for physical retail, has secured $9 million in Series A+ funding, bringing its total to $25 million. The investment will accelerate deployments in grocery retail and expand its platform into a broader infrastructure layer for managing AI models across distributed devices. Edgify's technology runs AI directly on edge devices like cameras and scales, enabling loss prevention and waste management without relying on cloud processing.

Aug 106 minNeura News
Research

The Week AI Moved From Monoliths to Networks

Last week, the AI industry shifted from monolithic labs to networked development. Google split its research leadership, with Jeff Dean launching Discovery Loop and Demis Hassabis stepping back at DeepMind. Meta released Muse Code, a coding agent that orchestrates sub-agents. Major infrastructure deals, including Anthropic's $10B compute agreement with Volta and SK hynix's $38B fab investment, underscored the trend. New ventures and research tools also emerged, signaling a move toward orchestrated, multi-agent systems.

Aug 97 minNeura News
Industry

Nearly $4 Billion in Settlements Pays Companies to Cancel US Power Projects

The Trump administration has committed nearly $4 billion in public funds to pay energy companies to cancel planned power projects, mostly offshore wind, despite declaring a national energy emergency. The settlements often require investment in fossil fuel infrastructure, reducing planned electricity supply and increasing fossil fuel dependence. The cancelled projects represent several gigawatts of potential generation, even as US electricity demand rises rapidly.

Aug 88 minNeura News
Funding

WindBorne Raises $37M to Sell Weather Balloon Data to Funds and Governments

WindBorne Systems, a startup using long-flying weather balloons and AI forecasting, raised $37M in Series B funding led by Khosla Ventures and Galvanize, valuing the company at $250M. The funds will expand its commercial business, improve data collection with mesh radio networks, and build a go-to-market team. WindBorne serves government clients like the U.S. National Weather Service and aims to grow in private markets, including investment funds.

Aug 55 minNeura News
Funding

Microsoft's AI Bet Pays Off: $3.2B Gain on Anthropic in One Quarter Nearly Matches OpenAI's Full-Year Return

Microsoft disclosed a $3.2 billion gain on its investment in AI lab Anthropic in Q4 fiscal 2026, nearly matching the $5 billion full-year gain from OpenAI. The gain boosted diluted EPS by $0.33, while OpenAI was marked down $600 million in the same quarter. Microsoft's dual investments in competing AI labs highlight its hedging strategy amid rapid AI market evolution.

Jul 293 minNeura News
AI Models

Google CEO Pichai: Gemini's Next Leap Needs Larger Base Models

Alphabet raised its 2026 investment forecast to up to $205 billion as Google Cloud revenue surged 82% and the Gemini app hit 950 million monthly active users. CEO Sundar Pichai said the next generation of frontier AI models requires 'much larger base models,' and Google is training Gemini 4 to close the gap with rivals. The company also noted efficiency gains in AI Mode and a focus on improving coding capabilities.

Jul 233 minNeura News