Latest AI News

Swiss AI startup Giotto.ai is seeking funding that would value it above $1 billion. The Lausanne-based company has developed advanced reasoning technology that outperforms major competitors on key benchmarks, achieving a 25% ARC-AGI score with only 200 million parameters at $0.20 per task. Their platform surpasses systems from larger companies while requiring fewer resources. Initially focusing on compliance solutions for healthcare, Giotto.ai combines machine learning with B2B SaaS offerings. The company aims to bridge the gap between current AI and Artificial General Intelligence.

Bank of England Governor Andrew Bailey emphasized AI's crucial role in financial supervision, calling it an asset for detecting regulatory "smoking guns" in complex investigations. AI analytics enhance oversight efficiency for both traditional finance and digital assets, helping detect anomalies that might otherwise escape notice. Regulators are investing in these technologies to track market abuse and suspicious transactions more effectively than manual monitoring. While boosting regulatory capabilities, AI also introduces cybersecurity challenges, with recent surveys ranking cyber threats among top financial sector risks. The Bank of England is participating in global initiatives to standardize safe AI adoption in financial markets, positioning the UK at the forefront of AI-powered financial regulation.

NVIDIA plans to invest up to $100 billion in OpenAI to build at least 10 gigawatts of AI datacenters, with the first gigawatt coming online in late 2026. This phased partnership aims to power next-generation AI models and move toward artificial superintelligence. The companies will align their technical roadmaps, complementing NVIDIA's existing collaborations with Microsoft, Oracle, and others. The infrastructure will support OpenAI's 700 million weekly users and establish foundations for artificial general intelligence to benefit humanity globally.

NVIDIA announced a $100 billion investment partnership with OpenAI to build 10 gigawatts of AI datacenters for powering ChatGPT and future AI models. The progressive investment will begin with the first gigawatt using NVIDIA's Vera Rubin platform in late 2026. CEOs Jensen Huang and Sam Altman emphasized the partnership's historic significance for advancing AI capabilities. NVIDIA will serve as OpenAI's preferred partner for compute infrastructure, supporting OpenAI's 700 million weekly users and mission to develop beneficial artificial general intelligence.