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Flapping Airplanes Raises $1 Billion for AI Models Built with a More Selective Data Strategy

Flapping Airplanes, a one-year-old AI lab, has raised $1 billion in a Series A funding round that values the company at $6 billion. The round comes less than a year after the company raised $180 million in seed funding. Flapping Airplanes describes its mission as building AI models

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Tesla Accelerates Optimus Production as Profit Falls 43%

Tesla is intensifying its investment in Optimus humanoid robots, artificial intelligence, and autonomous driving, with robot production expanding in California. The company’s strategic shift came as revenue remained flat and expenses increased substantially. The spending drove Tesla’s profit down 43%. The results illustrate the near-term financial pressure

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Legora raises $550 million in Series E funding

Legal AI startup Legora announced a $550 million Series E funding round valued at $8.8 billion. The raise brings substantial new capital to Legora as it develops AI tools for the legal sector. The size of the round and the resulting valuation also underscore how investors are continuing to

Anthropic Accounting Charge Reported as Driver of 80% Net Loss

Anthropic’s results were affected by an accounting charge that drove an 80% net loss, according to a PYMNTS report. The available coverage identifies the accounting charge as the principal contributor to the loss but does not describe the charge, its amount, or Anthropic’s broader financial performance. Sources * Google

Report Highlights Rising Lobbying Spending by Major AI Companies

A Project On Government Oversight investigation reports that major artificial intelligence companies have sharply increased their spending on lobbyists. The headline finding points to growing efforts by the AI industry to influence government policy and decision-making. The available report excerpt does not include specific spending totals, company names, lobbying

Pigment Reportedly Raises $250 Million for Agentic AI Platform

Pigment has reportedly raised $250 million for its agentic AI platform, according to PYMNTS. The funding is intended to support the company’s work in agentic AI, a field focused on AI systems that can autonomously perform tasks. Beyond the amount and purpose of the financing, the available report does

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Recursive Bets on Recursive Self-Improvement in AI

Recursive is pursuing recursive self-improvement, an approach in which AI systems help build or improve subsequent systems. WIRED reports that the startup's latest model demonstrates notable capability in this effort. The company frames the approach as a net positive, arguing that the benefits of using AI to