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- Siemens Xcelerator's open ecosystem now helps partners find leads and build agents, per QbitAI
QbitAI reports industrial platforms are competing by helping partners source leads, build agents and expand overseas, examining Siemens Xcelerator's open ecosystem.
- OpenAI expands Lenfest Institute program with $5M and software credits
OpenAI is expanding the Lenfest AI Collaborative and Fellowship Program with $5 million in funding plus up to $5 million in software credits and engineering support, per the Lenfest Institute.
- Modal Labs nears a $750 million round led by Accel at a $15.75 billion valuation, per TechCrunch
TechCrunch, citing a source with knowledge of the funding, reports that AI inference provider Modal Labs is nearing a $750 million round led by Accel at a $15.75 billion valuation that includes the investment. That would more than triple the $4.65 billion valuation Modal reached with its $355 million round four months ago. Modal Labs declined to comment.
- AMD to acquire Fei-Fei Li's World Labs in an all-stock deal valued at about $8.2 billion
AMD says it has signed a definitive agreement to acquire World Labs, the San Francisco lab led by Fei-Fei Li that builds spatial-intelligence models that generate, reconstruct and simulate interactive 3D environments from text, images and video. The all-stock deal is valued at about $8.2 billion and is expected to close by the end of 2026, subject to regulatory approvals. After closing, Li will join AMD as executive vice president and chief scientist, reporting to CEO Lisa Su.
- Thales expands its Google Cloud partnership, integrating AI Security Fabric with Gemini Enterprise to secure agent workflows
Thales says its AI Security Fabric now integrates with Google Cloud's Gemini Enterprise to provide real-time security, governance and visibility over interactions between users, AI agents, models and tools. It says the setup can set boundaries for agents, limit their data access and block unsafe actions as they happen, targeting risks such as prompt injection, sensitive-data leaks and unauthorized actions.
OfficialSource: Business Wire - Modulate raises $25 million led by Future Ventures for its voice models and analysis suite, per TechCrunch
Voice AI startup Modulate has raised $25 million in a round led by Future Ventures, with Hyperplane and Lakestar participating, TechCrunch reports. The company sells enterprises transcription, emotion analysis and deepfake detection. Its suite is built on more than 100 small models.
- Meta launches Enterprise Platform to bring its Muse agents and API to businesses, hires ex-MongoDB CEO CJ Desai to lead it
Mark Zuckerberg says the new business will initially focus on bringing Meta's stack, including the Muse agent, Meta Business Agent, Muse API and Muse Code, to businesses and developers. CJ Desai, previously CEO of MongoDB, joins as Chief Enterprise Platform Officer reporting to Zuckerberg.
OfficialSource: Meta Newsroom - Instinct raises $1 billion in Series C funding from Sequoia, Benchmark and Coatue at a $10 billion valuation
Instinct, which builds a personal agent for everyday tasks, says it raised $1 billion from Sequoia Capital, Benchmark Capital and Coatue at a $10 billion valuation. The product is still in early access. Users text or call Instinct to have it handle tasks such as planning a road trip, doing the weekly grocery shopping or canceling subscriptions.
OfficialSource: Business Wire - Can Muse overcome Meta's trust issues?, per TechCrunch
TechCrunch examines whether Muse can overcome the trust issues tied to Meta.
- Quantum-AI startup Fermi Universe raises 100 million yuan seed round, per QbitAI
QbitAI reports that Fermi Universe, a "quantum for AI" startup, has raised 100 million yuan in its seed round at a post-money valuation of about 1 billion yuan, with funds still closing. Its FermiQLLM 1.0 adapts an open-source Qwen base model; the company's internal benchmark claims have not been independently verified, and investors were not named.