Spotify launches a conversational AI that lets you shape what plays by talking to the app
Spotify launches a conversational AI that lets you shape what plays by talking to the app

Spotify launched a conversational AI feature that lets Premium users type or speak directly in the app to control what plays, learn about music, and explore their listening history. The beta is rolling out for users 18 and older in the US, Ireland, and…

Chai Discovery raises $400M at $3.8bn as AI drug discovery moves from promise to deployment
Chai Discovery raises $400M at $3.8bn as AI drug discovery moves from promise to deployment

Chai Discovery’s $400m raise triples its value to $3.8bn in seven months. It is the latest sign that AI drug discovery has moved from promise to deployment. AI drug discovery just minted another fast-rising star. Chai Discovery has raised a $400m Serie…

South Korea will give all 52 million citizens free AI access, becoming the first G20 nation to do so
South Korea will give all 52 million citizens free AI access, becoming the first G20 nation to do so

South Korea’s Ministry of Science and ICT opened bidding on July 13 for a free, unlimited AI chatbot and public-service agent available to all 52 million residents. The programme, called “AI for Everyone,” would make South Korea the first G20 nation to…

CXMT prices a record $8.5bn Shanghai IPO, valuing China’s memory champion at $85bn
CXMT prices a record $8.5bn Shanghai IPO, valuing China’s memory champion at $85bn

China’s biggest memory chipmaker is about to test the public markets. ChangXin Memory Technologies, known as CXMT, has priced its Shanghai IPO at 8.66 yuan ($1.28) a share, the South China Morning Post reported. The sale will raise about 57.9 billion y…

Reflection signs a $1bn AI compute deal with Nebius, its second big capacity grab in a month
Reflection signs a $1bn AI compute deal with Nebius, its second big capacity grab in a month

Reflection AI has locked in more computing power. The US startup signed an AI compute deal worth more than $1bn with Nebius, the Amsterdam-based cloud provider, according to Bloomberg. The agreement runs through 2029. It gives Reflection access to Nvid…

DeepSeek is preparing an IPO and chasing a $71bn valuation, weeks after its first raise
DeepSeek is preparing an IPO and chasing a $71bn valuation, weeks after its first raise

DeepSeek is getting ready to go public. The Chinese AI lab has started laying the groundwork for an initial public offering, according to Bloomberg. It could file as soon as this year, with a debut targeted for 2027. First, though, it wants to raise mo…

ASML plans to build EUV machines 30% faster as AI demand outstrips its production capacity
ASML plans to build EUV machines 30% faster as AI demand outstrips its production capacity

ASML is working to cut the time it takes to build and test its extreme ultraviolet lithography machines by roughly a third, CFO Roger Dassen told reporters on Wednesday. The cycle time, the period between starting production in ASML’s clean rooms and s…

Apple is in talks with the startup shrinking a 27B AI model onto an iPhone
Apple is in talks with the startup shrinking a 27B AI model onto an iPhone

Apple is in early talks with PrismML, a startup that shrinks large AI models to run directly on a phone. The company’s on-device AI pitch could help Apple keep more of Siri’s work off the cloud. PrismML chief executive Babak Hassibi told CNBC that Appl…

UK proposes a midnight social media curfew for older teens
UK proposes a midnight social media curfew for older teens

The UK government has proposed a midnight social media curfew for 16 and 17-year-olds, plus limits on infinite scrolling. The UK social media curfew would switch on by default, though teens could turn it off. The government set out the measures on Wedn…

South Korea wants to give every citizen free, unlimited access to its own AI chatbot

South Korea plans to give every citizen free, unlimited access to a domestically powered AI chatbot, with a September beta and a separate agent designed to help people navigate government services.