GeoVista brings open-source AI geolocation to near-parity with top commercial models

James Proud, founder and CEO of Substrate, emphasized the need for the U.S. to adopt a 'leap-ahead' strategy in the AI race against China during an interview on Bloomberg Tech. He highlighted the increasing competition in artificial intelligence between China and the West, urging for proactive measures to maintain technological leadership.

European AI startup Lovable has successfully raised $330 million in a Series B financing round, resulting in a valuation of $6.6 billion. This significant funding marks a pivotal moment for the company, positioning it as a leader in the AI sector and reflecting its rapid growth in the competitive landscape.

China is advancing its efforts toward chip self-reliance by testing a secret extreme ultraviolet (EUV) lithography prototype, a critical technology for semiconductor manufacturing, amid increasing export controls and rising demand for artificial intelligence (AI) technologies.

China has reportedly reverse-engineered an extreme ultraviolet (EUV) lithography machine, a significant advancement in its semiconductor manufacturing capabilities. The project, completed in early 2025, involved a team of former ASML engineers and marks a pivotal step toward achieving chip self-sufficiency in the country.

Mistral AI has launched Mistral OCR 3, an upgraded document analysis model that promises improved performance and cost-effectiveness for users. This release is part of Mistral's ongoing efforts to enhance its AI offerings and provide better tools for document processing.

OpenAI has introduced the 'Academy for News Organizations,' a new learning platform designed to assist journalists and publishers in effectively utilizing AI tools. This initiative aims to enhance the capabilities of newsrooms in adapting to the evolving media landscape driven by technological advancements.

OpenAI has initiated the acceptance of app submissions for its ChatGPT platform, which will be featured in a new app store following a review process. This launch is aimed at enhancing the user experience by allowing developers to create and distribute custom applications within the ChatGPT ecosystem.

OpenAI is reportedly in discussions to secure up to $100 billion in a new funding round, which could elevate the company's valuation to approximately $750 billion. This move reflects the company's ambition to expand its influence and capabilities in the artificial intelligence sector.