Insider Brief PRESS RELEASE — Primer has announced a $100 million Series C funding round, as it continues to build the AI-enabled operating layer for global payments and finance. The round is led by Sofina, with participation from Peak XV Partners, and continued backing from all existing investors, including Balderton, Accel, ICONIQ, Tencent, and Speedinvest. You can’t build […]
Tencent has open-sourced TencentDB Agent Memory, a fully local memory system for AI agents released under the MIT license. The project pairs symbolic short-term memory, which offloads verbose tool logs into a compact Mermaid task canvas, with a 4-tier long-term memory pyramid (L0 Conversation → L1 Atom → L2 Scenario → L3 Persona). It ships as an OpenClaw plugin and a Hermes Docker image, runs on local SQLite + sqlite-vec by default, and uses hybrid BM25 + vector retrieval with RRF fusion. Tencent's own benchmarks report a 61.38% token reduction and 51.52% relative pass-rate gain on WideSearch with OpenClaw, alongside PersonaMem accuracy moving from 48% to 76%.
The post Tencent Open-Sources TencentDB Agent Memory: A 4-Tier Local Memory Pipeline for AI Agents appeared first on MarkTechPost.
Digital banking startup Mercury has raised $200 million in a Series D round at a $5.2 billion valuation, the company announced Wednesday.
That’s up 49% from the $3.5 billion valuation it achieved when announcing its $300 million Series C — which included primary and secondary funding — in March of 2025.
Sprouts.ai, a US-based artificial intelligence startup founded in 2023, has secured $9 million in pre-Series A funding led by True Global Ventures and Accel, bringing its total raised to $14 million. The company builds AI-powered Revenue Agents that autonomously handle B2B sales tasks — including prospecting, contact enrichment, and multi-channel outreach — integrating with platforms such as Salesforce, Microsoft […]
The post ARK and Tencent Cloud Unite to Advance AI-Native Web3 Infrastructure appeared on BitcoinEthereumNews.com.
ARK, a layer-1 blockchain development platform that allows developers and businesses to build their own custom blockchain easily, has announced its strategic partnership with Tencent. Tencent is the Chinese multinational tech giant’s role as a major enterprise developer, Web3 infrastructure provider, and patent holder rather than the creator of a decentralized cryptocurrency. The main purpose of this partnership is to combine enterprise cloud computing with decentralized artificial intelligence (AI) agent infrastructure. Basically, the foundation of this partnership is entirely based on bringing more advancement in Web3 for users’ satisfaction. Ark has released this news through its official social media X account. 🚀 A milestone for Web3 × AI. ARKIE AI has entered a strategic partnership with @tencentcloud — the first time a leading enterprise cloud has gone deep into an
The post Alibaba and Tencent increase AI spending amid chip shortages appeared on BitcoinEthereumNews.com.
China’s two largest tech companies are spending substantially in AI infrastructure, anticipating that domestically produced chips will alleviate their supply problems. Alibaba Group Holding and Tencent Holdings said during recent earnings calls that they will sharply increase infrastructure spending. The companies are relying on chips made in China by Huawei Technologies and other local manufacturers to replace limited supplies of American semiconductors. Alibaba’s latest quarterly results showed a major shift in focus. For the three months ending in March 2026, the company reported very low profit. Although revenue increased slightly, Alibaba shifted spending from its main businesses to newer areas such as rapid delivery services and technology development. Profit dropped sharply, with non-GAAP net income falling from 29.847 billion yuan to just 86 million yuan. Eddie Wu Yongming
Insider Brief London-based AI chip startup Fractile announced in a company blog post it raised $220 million in a funding round led by Accel, Factorial Funds and Founders Fund as investors continue pouring capital into hardware designed to support the growing computational demands of artificial intelligence. The company said the funding will be used to […]
