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Onodrim Industries, a defence group based in Amsterdam, has raised $300M in a round led by Lux Capital. The deal values the firm at $1.3bn, Onodrim said in a statement on Monday. Other backers include General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, 8090 and Expeditions.
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Korea’s Ministry of Science and ICT and NVIDIA hosted the MSIT-NVIDIA AI Startup Partnership Forum at COEX. Ryu Je-myung, vice minister of science and ICT, joined NVIDIA leaders to meet with over 20 Korean startups across foundation models, physical AI, AI infrastructure and AI semiconductors.
Anyone hoping to buy Mass Effect from EA and finish what BioWare started needs to get saving now, as it could cost over $200 million (£150m).
Its multi-agent AI platform generates the telemetry an attack would produce to fix gaps in enterprise defenses.
Nvidia’s board has opened an independent investigation after chief executive Jensen Huang admitted on Sunday to a relationship with Alice Huang, a former executive at Nvidia customer Megaspeed. US spy agencies reportedly believe she was working for China.
Scottish biotech PhaSER Biomedical has won a $2.7M (£2m) grant from the Gates Foundation to help find new drugs for diseases such as TB and malaria. The company announced the award in a statement this morning.
Rillet, a US start-up that makes accounting software with built-in AI agents, has opened an office in central London. It is the company’s first major move into Europe, Rillet said on Monday.
Tencent’s chief AI scientist has warned that AI models will soon be able to cause harm in biology, as they already can in cybersecurity. Yao Shunyu spoke at a science event in Hong Kong on Saturday, the South China Morning Post reported.
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