AI news and funding updates from the last 24 hours(15th May 2025)

AI news and funding updates from the last 24 hours(15th May 2025)

Twilio

  • Formed a multi-year strategic partnership with Microsoft to accelerate global adoption of conversational AI.
  • Will combine Twilio’s communications platform (10 million developers) with Azure AI Foundry’s secure infrastructure.
  • Developing AI-powered multi-channel agents and tools—ConversationRelay and Conversational Intelligence—to enhance digital customer interactions.

Complement 1

  • Health-tech startup from WhiteHat Jr. co-founder Karan Bajaj raised $16 million in seed funding (led by Blume Ventures and Owl Ventures).
  • Offers an AI-powered platform delivering personalized lifestyle interventions (nutrition, activity) for cancer patients and survivors.
  • Plans to expand U.S. coaching operations and enhance AI capabilities to improve adherence and reduce recurrence.

TensorWave

  • Secured $100 million in Series A funding led by Magnetar Capital and AMD Ventures, building on a prior $43 million raise.
  • Will deploy capital toward operational expansion, workforce growth, and the rollout of an 8,192-GPU Instinct MI325X training cluster.
  • Has inked an AI infrastructure agreement with TECfusions to lease 1 GW of AI capacity.

CoreWeave

  • Plans to invest $20–23 billion in 2025 to expand AI infrastructure and data-center capacity, driven by surging demand from clients like Microsoft and OpenAI.
  • Reported a 420 % year-over-year revenue increase and holds a $25.9 billion revenue backlog.
  • Raised $1.4 billion via IPO, bringing total debt and equity to $17.2 billion; Q1 capex alone was $1.9 billion.
  • Amid U.S.–China trade tensions, is diversifying its supply chain.
  • Secured an additional agreement with OpenAI under which ChatGPT maker will pay up to $4 billion through April 2029.

Harvey

  • In talks to raise over $250 million in a round led by Kleiner Perkins and Coatue, valuing the company at $5 billion; existing backer Sequoia may participate.
  • Leverages generative AI for legal research and documentation, with $75 million in annualized run-rate revenue.
  • Will integrate AI models from Anthropic and Google alongside its original OpenAI models.

Hedra

  • Raised $32 million in Series A funding led by Andreessen Horowitz’s Infrastructure fund (bringing total funding to $43 million).
  • Developer of Character-3 AI video-generation model, focused on long-form, expressive, and customizable AI characters.
  • Targets creators and prosumers; previous seed led by Amazon’s Alexa Fund; competes with Synthesia and HeyGen.

Cognichip

  • Emerged from stealth with $33 million in seed funding co-led by Lux Capital and Mayfield.
  • Building a physics-informed “artificial chip intelligence” model to accelerate chip design by 50% and cut costs.
  • Aims to democratize specialized chip development amid concerns over industry innovation slowdown.

Google

  • Enhancing Android’s TalkBack screen reader by integrating Gemini for on-screen image Q&A.
  • Updating Expressive Captions to convey speech nuances (e.g., duration, whistling).
  • Adding OCR-powered PDF accessibility in Chrome desktop and improved Page Zoom on Chrome Android.


Other News

  • U.S. Export Controls & Chinese AI Chips: Trump administration rescinded Biden’s AI Diffusion Rule, tightening export controls on Huawei Ascend 910 B/C/D processors and warning of penalties for consuming Chinese AI chips under U.S. law.
  • Grok Chatbot Bug: Elon Musk’s xAI Grok briefly responded to unrelated X-tagged queries with “white genocide” content; now appears fixed but xAI hasn’t commented.
  • UAE–U.S. AI-Chip Framework: Ahead of President Trump’s Abu Dhabi visit, the U.S. and UAE finalized a framework allowing the UAE expanded access to advanced AI chips (reportedly up to 500,000 Nvidia units annually from 2025).
  • “Not For Private Gain” Letter: Former OpenAI employees and AI experts criticize OpenAI’s restructuring into a public benefit corporation, warning it weakens nonprofit oversight and mission safeguards.


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