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AI & Enterprise

Infinity raises $15 million for AI inference software at $100 million valuation

AI infrastructure startup Infinity has raised $15 million in funding at a valuation of $100 million. TechCrunch reported on July 20 that the round included Touring Capital, Principal VC, and researchers from OpenAI and Anthropic. Infinity is developing software to help AI chips run AI models more easily, with kernel software positioned as a possible replacement for Nvidia CUDA. It aims to build a universal inference library.

Industry

Silicon Valley takes cautious look at China’s Kimi K3 despite benchmark lead

Moonshot AI’s open-weight model Kimi K3 has become a talking point in Silicon Valley after its release on July 16, with Business Insider highlighting industry reactions. The model has 2.8 trillion parameters and is billed as capable of processing hundreds of pages at once. It also tops Arena’s front-end coding leaderboard and is priced below comparable offerings. Some executives and academics praised its performance, while others urged caution about relying on benchmarks.

AI & Enterprise

Hassabis says AGI coming within years, proposes U.S.-led frontier AI standards body

Google DeepMind CEO Demis Hassabis proposed creating an international standards body ahead of the arrival of artificial general intelligence, or AGI. Writing on X, he said risks grow as AGI nears. He suggested a FINRA-style \"frontier AI standards body\" as a public-private partnership under federal oversight, funded mostly by industry. Models meeting its criteria would be classified as frontier-level, with labs encouraged to follow best practices and submit models for review.