AI robotics startup Figure AI has raised $1 billion in a Series C funding round, reaching a valuation of $39 billion. The round was led by Parkway Venture Capital, with participation from Nvidia, Macquarie Capital, Intel Capital, Align Ventures, Tamarack Global, LG Technology Ventures, Salesforce, T-Mobile Ventures, and Qualcomm Ventures. Figure AI is developing humanoid robots designed to operate with near-human intelligence. These robots are envisioned to take on tasks ranging from household chores to large-scale commercial operations, ultimately becoming an integral part of daily human life. The company plans to allocate the fresh capital across three main areas: Expanding...

In a world-first move, the Albanian government has appointed an artificial intelligence bot as a member of its cabinet. Named Diella—meaning “sun” in Albanian—the digital minister has been tasked with overseeing public procurement processes and managing contracts with private companies. Prime Minister Edi Rama, introducing his new cabinet, described Diella as “the first minister created entirely by artificial intelligence, existing only in digital form.” According to Rama, this groundbreaking step is designed to help eliminate one of Albania’s most entrenched problems: corruption. For years, Albania has been plagued by scandals involving bribery and money laundering in public tenders. Allegations of...

Arm Holdings, one of the world’s leading chip design companies, has unveiled its next-generation processor family “Lumex,” designed specifically for mobile devices. The new line introduces on-device AI capabilities, enabling artificial intelligence tasks to run locally without relying on the internet or cloud services. The Lumex family consists of four models, ranging from low-power chips for wearables to high-performance processors for flagship smartphones. The top-tier version is optimized to handle large-scale AI models directly on the device, eliminating the need for cloud computing. Arm highlighted that the Lumex series was developed under its Compute Subsystems (CSS) division, which provides manufacturers...

According to the Financial Times, China is preparing to triple its AI chip production capacity by 2026. The move is part of Beijing’s strategy to reduce its reliance on the United States—particularly on Nvidia—and to achieve greater self-sufficiency in semiconductor technology. A central role in this plan belongs to Huawei, which aims to launch a dedicated AI chip manufacturing facility by the end of 2025. Two additional plants are expected to come online in 2026. While these factories will produce chips primarily for Huawei, the company is not expected to own or directly operate them. The combined output of these...

Framer, the no-code website building platform, has raised $100 million in its Series D funding round. The investment, led by existing backers Meritech and Atomico, has boosted the company’s valuation to $2 billion. With over 500,000 monthly users, Framer allows anyone to design and manage professional-grade websites without technical expertise, thanks to its intuitive drag-and-drop and visual-first tools. The platform serves not only individual creators but also major enterprise clients such as Mira, Perplexity, and Scale AI. Framer co-founder and CEO Koen Bok outlined the company’s next priorities: “With this investment, we’re doubling down on enterprise growth and AI-driven solutions....