Meta’s Muse Video Enters Closed Beta
Meta’s Muse Video model has entered a closed beta, with early tests highlighting native audio generation. The model reportedly produces 10-second videos with strong visual detail and temporal consistency.
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Alibaba Bets Nearly $10 Billion on AI
Alibaba’s profit plunged after it raised quarterly capital expenditure for AI to nearly $10 billion. The report also examines Meta’s growing role as a Microsoft AI customer and Castelion’s plans to scale hypersonic missile production.
Domyn Raises Europe’s Biggest AI Financing
Milan-based AI company Domyn raised roughly $1.1 billion, making it one of the largest financings ever announced by a European AI company. About 90% of the financing is debt and only around 10% is equity, making the capital structure the central story.
Nvidia Pushes CPO Into AI Factories
Nvidia announced full-scale production of its Spectrum-X Ethernet Photonics co-packaged optical switch for AI factories, using 200G-per-lane links. SK hynix simultaneously published a CPO technology roadmap targeting over 100 Tb/s per node, sub-1 pJ/bit energy consumption, and sub-10 ns chip-to-chip latency.
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Callosum Raises $100 Million to Cut AI Costs
Callosum has raised $100 million in early financing to develop software that matches specific AI tasks with suitable models and chips. Backers include the UK’s public AI fund.
AI Finds Value in Dead Companies’ Data
Google reportedly bid $10 million for Spirit Airlines’ internal enterprise data, including approximately 100 million emails and 500 million Microsoft Teams messages, in a bankruptcy asset auction. The deal signals the emergence of a market for acquiring sanitized corporate communications and work records to train AI systems and enterprise agents.
AI-Powered Personalized mRNA Cancer Vaccines Advance
Moderna and Merck reported that a personalized mRNA therapy, intismeran, combined with Keytruda met key recurrence and distant-metastasis survival endpoints in a prespecified interim analysis. The approach uses AI to select up to 34 tumor-specific neoantigens for an individually manufactured treatment.
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Kling AI Spins Out at $18B Valuation
Kuaishou is spinning out its Kling AI video-generation model into a separately financed company, attracting investment from Tencent, Alibaba Cloud, Baidu, and other institutions at an implied valuation of $18 billion. Kling has surpassed 100 million global users and nearly 50,000 enterprise customers, but continues to generate substantial losses because of compute costs.
China Reportedly Approves Massive H200 Imports
China has reportedly allowed ByteDance and Tencent to import 10,000 NVIDIA H200 chips each, according to the Financial Times. Other Chinese companies could receive similar approval, potentially easing access to advanced AI computing hardware.
Alibaba Cloud Expands South Korea AI Infrastructure
Alibaba Cloud has launched its third data center in South Korea, adding enterprise cloud capacity and six Agentic AI services. The expansion will contribute to a global network reaching 104 availability zones.