Profitable African fintech PalmPay is in talks to raise as much as $100M

June 5, 2025
PalmPay, an African digital bank fintech, is in talks to raise between $50 million and $100 million in a Series B round, according to multiple sources familiar with the matter. It’s unclear what valuation it hopes to get, but its last round, in 2021, ranked it among the continent’s most valuable startups, estimated just shy […]

Alphabet CEO Sundar Pichai dismisses AI job fears, emphasizes expansion plans

June 5, 2025
In a Bloomberg interview Wednesday night in downtown San Francisco, Alphabet CEO Sundar Pichai pushed back against concerns that AI could eventually make half the company’s 180,000-person workforce redundant. Instead, Pichai stressed the company’s commitment to growth through at least next year. “I expect we will grow from our current engineering phase even into next […]

North America takes the bulk of AI VC investments, despite tough political environment

June 5, 2025
Despite what some experts have characterized as an environment increasingly hostile to AI R&D, North America continues to receive the bulk of AI venture dollars, according to data from investment tracker PitchBook. Between February and May of this year, VCs poured $69.7 billion into North America-based AI and machine learning startups across 1,528 deals. That’s […]

Hugging Face says its new robotics model is so efficient it can run on a MacBook

June 4, 2025
It’s becoming a little easier to build sophisticated robotics projects at home. AI dev platform Hugging Face released earlier this week an open AI model for robotics called SmolVLA. Trained on “compatibly licensed,” community-shared datasets, SmolVLA outperforms much larger models for robotics in both virtual and real-world environments, Hugging Face claims. “SmolVLA aims to democratize […]