
Kling AI Raises $2.8B at $18B Valuation as Western Rivals Retreat
Backed by Alibaba, Tencent and Baidu, Kling AI's record raise opens a global gap in consumer AI video that African creators and studios may soon tap.
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Frontier models, machine learning, and the AI industry.
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Backed by Alibaba, Tencent and Baidu, Kling AI's record raise opens a global gap in consumer AI video that African creators and studios may soon tap.
Anthropic's new mid-tier Claude Sonnet 5 nears flagship Opus 4.8 performance at under half the price, with availability across all plans.
Senators Tim Scott and Bill Hagerty have introduced legislation to give Washington new powers to protect American AI technology from foreign rivals.
Google's new Nano Banana 2 Lite generates images in four seconds for under four cents per thousand, targeting developers building at scale.
Companies investing heavily in AI grew headcount by roughly 10% and entry-level hiring by 12%, according to a new Ramp study that pushes back on fears of mass job cuts.
A wave of AI raises spanning video intelligence, European defence drones and financial research signals deepening cross-border investment activity relevant to African tech watchers.
A new SBM Intelligence study finds most Nigerians fear AI-driven political misinformation yet still depend on social media for news, exposing gaps regulators have yet to close.
StirlingX raised $20M for its sovereign intelligence platform while Manchester's BidScript secured €701k, underscoring European appetite for specialised AI.
The AI infrastructure firm's Aramco Ventures-led round signals a shift toward affordable open models—one that could reshape compute costs for African developers.
Founder Erik Voorhees says AI firms should shield user conversations, as his private ChatGPT rival reaches a $1 billion valuation.
The secure corporate messaging firm raised a $180M growth round led by Riverwood Capital, betting on AI analytics for regulated industries.
As AI models reshape how information is found online, South African brands may be underprepared for a shift beyond traditional search optimisation, an industry expert warns.
The US cleared Anthropic's Fable 5 and Mythos 5 on June 30, weeks after a cybersecurity finding triggered an export order that cut off access for all users.
South African legal AI venture Anvaya has won the local Start-up World Cup, earning a place in the global finale against startups from more than 20 countries.
At its debut African Cloud Summit in Johannesburg, Google unveiled AI labs, accelerators and infrastructure aimed at making South Africa the launchpad for the continent's AI economy.
Google's conversational search experience now supports 13 African languages, signalling deeper localisation as the tool crosses one billion monthly users.
Meta restricts engineers' use of Claude Code and Codex over distillation fears, while ex-Meta and OpenAI staff chase a $400m AI lab raise.
Lucida AI's €6.1M seed and Saltroad's £1.5M raise underline how voice-native AI is drawing capital across Europe, with growing relevance for emerging markets.
CIA Director John Ratcliffe described advanced artificial intelligence as comparable to digital nuclear weapons, signaling a shift in the agency's tech posture.
Anthropic's new mid-tier Claude Sonnet 5 reportedly approaches the performance of its flagship Opus 4.8 at a fraction of the price.
British-U.S. company Build secured €7.4 million in seed funding led by Index Ventures to automate infrastructure development workflows and expand in Europe and North America.
Shoppers spent a record $26.4bn during Amazon's four-day Prime Day event, with AI assistants increasingly funnelling buyers toward purchases.
8090, with Chamath Palihapitiya as CEO, has closed a $135M Series A led by Salesforce to keep enterprise software stable as AI agents rewrite code.
Croatia's Hypefy AI raises $7.2M and Germany-linked Nomerra secures $2M, as European founders bet AI can replace the spreadsheets running marketing and finance.
Companies deploying high-risk AI systems in Europe face their first hard obligations this week.