AI News – Jul 28, 2025
Summary of Recent News
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AI Venture Updates:
Lovable, a Swedish startup, raised $200M at a $1.8B valuation, focusing on natural language website and app building, with 2.3M users and $75M ARR.
Rune Technologies secured $24M for military logistics optimization, while Hyper raised $6.3M for non-emergency 911 call handling using AI voice agents.
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Anthropic’s Investment Shift:
Anthropic’s CEO decided to pursue investment from the Middle East after refusing such funding previously, aiming to tap into about $100B capital availability in the region.
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Sam Altman’s AI and Jobs Perspective:
Sam Altman advocates for a “third path” where AI democratization can empower workers by providing tools for enhanced productivity and job retention.
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Meta Rejects EU’s AI Code of Practice:
Meta declined to sign the EU’s AI Code of Practice, citing concerns over excessive rules and impacts on innovation in Europe.
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White House AI Action Plan:
The White House released an AI Action Plan emphasizing US leadership in AI development, highlighting a shift towards a focus on speed and competitive dominance in AI technologies.
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Energy Challenges in AI Development:
PJM Interconnection committed record funds to address energy demands from AI data centers, highlighting the need for power infrastructure upgrades to support the increasing energy consumption of AI technologies.
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Amazon’s Entry into Wearables Market:
Amazon acquired Bee, a startup offering AI bracelets that record conversations, as part of its move into the wearables market, potentially enhancing its Alexa technology and data collection capabilities.
