Why the world is looking to ditch US AI models

March 25, 2025
This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. This week’s edition of The Algorithm is brought to you not by your usual host, James O’Donnell, but Eileen Guo, an investigative reporter at MIT Technology Review.  A few weeks ago, when…

Daphni secures $215M for its third fund

March 25, 2025
French VC firm Daphni is announcing the first closing of its new fund, Daphni Blue. The firm has raised €200 million (around $215 million at current exchange rates). It expects to raise as much as €250 million ($270 million) by the end of the year. Some of Daphni’s most remarkable past investments include Back Market, […]

OpenAI says its AI voice assistant is now better to chat with

March 25, 2025
OpenAI released updates Monday for Advanced Voice Mode, its AI voice feature that enables real-time conversations in ChatGPT, to make the AI assistant more personable and interrupt users less frequently. Manuka Stratta, an OpenAI post-training researcher, announced the changes in a video posted Monday to the company’s official social media channels. OpenAI’s latest update aims […]

A new, challenging AGI test stumps most AI models

March 25, 2025
The Arc Prize Foundation, a nonprofit co-founded by prominent AI researcher François Chollet, announced in a blog post on Tuesday that it has created a new, challenging test to measure the general intelligence of leading AI models. So far, the new test, called ARC-AGI-2, has stumped most models. “Reasoning” AI models like OpenAI’s o1-pro and […]

A Chinese tech giant says it slashed AI costs using only Chinese chips

March 24, 2025
Earlier this year, DeepSeek briefly crashed Nvidia’s stock because of speculation that its models require far fewer chips. Now, Chinese fintech giant Ant Group, which is backed by Alibaba founder Jack Ma, is claiming a major AI breakthrough. Ant was able to use Chinese chips made by Alibaba and Huawei to create methods that cut […]

a16z and Benchmark-backed 11x has been claiming customers it doesn’t have

March 24, 2025
Last year, AI-powered sales automation startup 11x appeared to be on an explosive growth trajectory. However, nearly two dozen sources – including investors, current and former employees – tell TechCrunch that the company has experienced financial struggles, largely of its own making.  Numerous people in the U.S. and U.K. told TechCrunch that the situation has […]

Vertical farming company Plenty files for bankruptcy after raising nearly $1B

March 24, 2025
Vertical farming company Plenty has filed for bankruptcy, the company said in a press release on Monday. In its statement, Plenty said it has received a commitment for $20.7 million in debtor-in-possession financing as part of a proposed restructuring plan. It plans to continue to operate a strawberry farm in Virginia and a plant science […]

French VC firm Founders Future plans US expansion

March 24, 2025
Founders Future, a Paris-based VC firm with €300 million in assets under management (around $324 million at current exchange rates), is opening up the capital of the holding company that manages Founders Future’s funds and Sowefund. The company has sold a 25% stake in the holding company to MACSF, the Dassault family, CMA CGM Group […]