China’s Moonshot AI raises $2B at $20B valuation as demand for open-source AI skyrockets
Moonshot's annualized recurring revenue topped $200 million in April, driven by rapid growth in paid subscriptions and API usage.
AI Insider·
Insider Brief PRESS RELEASE — China has launched its 15th Five-Year Plan by placing robotics at the heart of its modern industrial system. The aim is to pivot its AI research towards physical applications with robots as main drivers for economic growth. This is a next step in the country´s strong automation development: China´s manufacturing […]
Read full articleMoonshot's annualized recurring revenue topped $200 million in April, driven by rapid growth in paid subscriptions and API usage.
Insider Brief Spirit AI and Bosch China announced a strategic partnership focused on bringing embodied AI systems into industrial environments, combining Spirit AI’s robotics foundation models with Bosch’s manufacturing and automation infrastructure. According to the companies, the partnership is aimed at accelerating deployment of what Spirit AI describes as a “universal brain” for robots — […]
Insider Brief Genesis AI unveiled a new robotics foundation model called GENE-26.5 alongside a proprietary robotic hand and data collection system designed to improve how robots learn complex physical tasks from human behavior. The system is intended to address the difficulty of collecting large amounts of usable training data for physical tasks, which the company […]
Also in today’s newsletter: a new company seeks to tackle the power constraints on European data centre growth
Partnership between top startup DeepL and Amazon comes amid concern about Silicon Valley’s monopoly over digital infrastructure AI companies in Europe risk losing their world-leading status in the field of machine translation, industry figures have said, after the decision by one of the continent’s leading startups to partner with Amazon’s cloud computing division provoked alarm. While businesses in the EU have generally lagged behind the US and China in AI adoption, a small group of European companies have cornered the global market for high-quality machine translations for professional use. Continue reading...
A familiar pattern has emerged in robotics and autonomous systems: a flagship demo runs beautifully on stage, the same system stumbles in a live warehouse two weeks later, and the post-mortem blames “reality” for being messier than the test environment. Some voices in the field argue the missing layer is hardware — better grippers, force-torque […]
According to a report by China Internet Network Information Center, over 600 million Chinese were using generative AI as of December, a 142% jump from the year prior.
Genesis AI, a startup that raised a $105 million seed round to build foundational AI for robotics, has unveiled its first model, GENE-26.5, but also a demo showcasing a set of robotic hands performing complex tasks.