Category: News

Spotify has announced a new partnership with ElevenLabs to make AI-generated audiobooks more accessible on its platform. Through this collaboration, authors will be able to use ElevenLabs’ AI-powered voice technology to create audiobooks and distribute them via Spotify’s Findaway Voices platform. As AI-generated voice content continues to grow, ElevenLabs’ advanced voice synthesis technology, which supports...

San Francisco-based Together AI has raised $305 million in a Series B funding round led by General Catalyst, bringing its valuation to $3.3 billion. The round saw participation from Prosperity7, Salesforce Ventures, Nvidia, Kleiner Perkins, SE Ventures, Greycroft, March Capital, Cadenza Ventures, and Coatue. Founded in 2022, Together AI provides a cloud platform that enables...

San Francisco-based AI-powered recruitment platform Mercor has secured a $100 million investment in its latest funding round, bringing its valuation to $2 billion. Founded in 2023, Mercor has quickly gained traction in the industry. Last year, the company raised funds at a $250 million valuation, with backing from prominent angel investors like Peter Thiel, Jack...

Chinese AI startup DeepSeek plans to make five code repositories available to all developers and researchers as open source. As part of its commitment to full transparency, the company aims to release these repositories to the public next week. In a post on X, DeepSeek announced that its small team working on artificial general intelligence...

French artificial intelligence company Mistral AI has achieved a major milestone with its chatbot assistant, Le Chat, surpassing 1 million downloads just two weeks after its mobile app launch. Gaining significant traction, particularly in France, Le Chat has risen to the top of the free app category on the App Store across Europe. A key...

US-based fintech startup Method has successfully closed its $42 million Series B funding round. The round was led by Emergence Capital, with participation from notable investors such as Avra, Samsung Next, Andreessen Horowitz, Y-Combinator, and Ardent Venture Partners. Founded in 2021, Method has now raised a total of $60 million in funding. The company announced...

Samsung officially unveiled its first extended reality (XR) glasses, named Project Moohan, during the Unpacked 2025 event. Co-developed with Google, this groundbreaking technology was showcased publicly for the first time, giving a glimpse of the company’s ambitious entry into the XR market. The new XR glasses run on Android XR, an operating system specifically designed...

Substack has launched a $20 million fund to attract creators and support subscription-based content models. Named the Substack Creator Accelerator Fund, the program aims to help writers currently using platforms like Ghost and Beehiv transition to Substack while maintaining their existing income levels. Unlike its competitors, which charge monthly fees, Substack takes 10% of newsletter...

Chicago-based venture capital firm Hyde Park Venture Partners (HPVP) has announced the closure of its fourth fund, raising $98 million to focus on early-stage startups. With this new fund, the firm plans to invest in approximately 20 to 22 companies. Founded in 2012, HPVP now manages a total of $320 million in assets across four...

Positioning itself as the world’s first digital bank, Sygnum Bank has raised $58 million in a funding round led by Bitcoin-focused VC firm Fulgur Ventures. With this new investment, the bank has reached a $1 billion valuation, officially attaining unicorn status. Headquartered in both Zurich and Singapore, Sygnum Bank is at the forefront of integrating...