A Special Purpose Vehicle (SPV) is a legally separate entity created for a specific, limited objective such as managing risk, financing a project, or holding assets. In technology and AI ventures, SPVs are often used to isolate financial risk when developing new products, funding startups, or managing intellectual property. They allow investors to participate in focused projects without exposing themselves to the broader liabilities of the parent organization. SPVs are also common in research collaborations where companies pool resources to advance AI innovation under a dedicated structure. By separating assets and responsibilities, SPVs help manage risk, maintain transparency, and streamline large-scale or experimental AI initiatives.
OpenAI is laying the groundwork for an initial public offering that could value the company at up to $1 trillion, positioning it as one of the most anticipated tech listings in history.
Ark Invest CEO Cathie Wood says humanoid robots could become the most transformative opportunity in artificial intelligence, eclipsing sectors like autonomous transport and healthcare.
Elon Musk has unveiled Grokipedia – an AI-driven encyclopedia built on Grok that aims to offer factual, bias-free knowledge as an alternative to Wikipedia.
A study by the University of Maryland and Microsoft found that Polish outperforms English and other major languages in long-context AI prompts, surprising researchers.
Neobank Revolut has acquired Berlin-based AI travel agent start-up Swifty, integrating its conversational booking technology into Revolut’s loyalty and lifestyle platform for over 65 million users.
AI presentation startup Prezent has raised $30 million to acquire services companies and integrate domain expertise into its enterprise communication platform, beginning with Prezentium.
Elon Musk’s AI startup xAI is reportedly raising up to $20 billion, with Nvidia committing as much as $2 billion in equity. A significant portion of the funding is tied directly to acquisition of Nvidia GPUs.
OpenAI’s computing agreements have now surpassed $1 trillion, spanning deals with AMD, Nvidia, Oracle, and more – a milestone that underscores the capital intensity driving AI infrastructure expansion.
Opera today introduced Neon, an AI-powered browser that can run tasks and navigate pages autonomously — aiming to shift web browsing from passive to “agentic.”
AI search startup Perplexity has reportedly raised $200 million at a $20 billion valuation, just two months after a $100 million round – signaling its rapid rise as a major rival to Google.