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.
Chinese generative AI startups MiniMax and Zhipu AI have disclosed their financials ahead of potential Hong Kong listings, highlighting modest revenues and mounting losses compared with U.S. peers.
OpenAI is in talks to raise up to $100 billion in new funding, a deal that could value the ChatGPT maker as high as $830 billion. The discussions reflect rising capital needs as AI development and infrastructure costs accelerate.
Amazon is reportedly in early talks to invest up to $10 billion in OpenAI in a deal tied to the use of its AI chips. The discussions reflect a broader trend of circular partnerships shaping the AI infrastructure market.
OpenAI released a new version of ChatGPT Images powered by a flagship image generation model that delivers faster output and more precise edits. The update also introduces a dedicated Images workspace and a lower-cost API offering, GPT Image 1.5.
SoftBank and Nvidia are negotiating a $1 billion investment in Skild AI, potentially valuing the robotics-focused AI startup at $14 billion, reflecting strong investor interest in humanoid robotics.
ChatGPT now reaches more than 800 million weekly users, creating a powerful adoption flywheel that is speeding the transition from AI experimentation to full-scale enterprise deployment, according to OpenAI’s new 2025 report.
Cristiano Ronaldo has taken an equity stake in Perplexity and will serve as a global partner, marking one of the most high-profile collaborations between elite sports and AI search technology.
For the first time, Washington is close to deciding how artificial intelligence should be regulated — but the fiercest battle isn’t over safety standards. It’s over whether states should retain the authority to pass their own AI laws.
OpenAI and Perplexity introduced AI shopping tools this week, helping users find products through chat-based queries. Experts say startups with niche datasets may still outperform general-purpose chatbots.
Google and Accel will co-invest up to $2M in early-stage Indian AI startups through Accel’s Atoms program, offering capital, compute credits, and deep technical mentorship.