Reed Hastings Joins Anthropic, Chalk Raises $50M, and Nvidia's Revenue Challenges - Daily AI Brief #194
May 29, 2025 -
Daily AI Brief
Hi there,
Welcome to today's AI Brief. Reed Hastings has joined Anthropic's board, marking a significant addition to the company's leadership. Meanwhile, Chalk has successfully raised $50 million in Series A funding, bolstering its financial position for future growth.
In other developments, OpenAI's CFO discussed the potential for an IPO at the Dublin Tech Summit, and Nvidia is facing revenue challenges due to U.S. licensing restrictions. Additionally, xAI plans to pay Telegram $300 million for the integration of Grok, and Opera has introduced its AI-powered browser, Opera Neon.
Top stories
Reed Hastings Joins Anthropic's Board
Reed Hastings, co-founder of Netflix, has been appointed to the board of directors of AI startup Anthropic. His experience is expected to support the company's mission in AI development. Read more
Chalk Raises $50 Million Series A Funding
Chalk, an AI infrastructure startup, has secured $50 million in Series A funding led by Felicis, valuing the company at $500 million. The company aids enterprises in integrating proprietary data into AI models. Read more
OpenAI CFO Talks Potential IPO at Dublin Tech Summit
At the Dublin Tech Summit, OpenAI CFO Sarah Friar discussed the company's restructuring and its potential for an IPO, depending on market conditions and readiness. Read more
Nvidia Faces Revenue Loss Due to U.S. Licensing Restrictions
Nvidia expects a significant revenue loss of $8 billion in Q2 2026 due to U.S. licensing restrictions on its H20 AI chip sales to China. The company has already reported a $4.5 billion charge in Q1 and missed out on an additional $2.5 billion in revenue. Read more
xAI to Pay Telegram $300 Million for Grok Integration
xAI has entered a one-year agreement with Telegram to integrate its Grok chatbot into the messaging platform. The deal involves a $300 million payment and revenue sharing from subscriptions. Read more
Opera Unveils AI-Powered Browser Opera Neon
Opera has launched Opera Neon, a new AI-driven browser aimed at boosting user productivity with features like coding tools and task automation. Currently, access is invite-only with plans for a subscription model. Read more
Other news
DeepSeek has released an updated R1 AI model on Hugging Face, while Odyssey launched a 3D interactive streaming AI model. Bell Canada plans AI data centres in British Columbia, and EngineAI targets a $1 billion valuation in its funding round.
- DeepSeek Releases Updated R1 AI Model on Hugging Face
- Odyssey Unveils AI Model for 3D Interactive Streaming
- Bell Canada to Build Six AI Data Centres in British Columbia
- EngineAI Targets $1 Billion Valuation in Funding Round
- Instacart Appoints Chris Rogers as CEO
- Einride Announces New Tech Innovations at Spring Event
- Retrieve Medical and MyID Announce Wearable EHR Joint Venture
- APL Group Plans 100MW Data Center in Finland
- PlainID Launches Policy Management for AI Security
- Google Photos Unveils New AI-Powered Editor
- Context Secures $11 Million for AI Office Suite
- Nvidia Reports $44 Billion Revenue Despite China Sales Restrictions
- Deccan AI Receives Investment from Prosus Ventures
- Cisco Duo Unveils New IAM Solution for AI Security Threats
- Ad Signal Secures £3M Funding for AI Media Tech Expansion
- Groq Partners with Bell Canada for AI Network
- Nota AI and Wind River Partner for AI at the Edge
- DeGirum Corp. Introduces Edge AI Compiler Cloud Services
- Minset Secures Funding from HealthX Ventures
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