June 16, 2025
Tech News
Boston Dynamics’ robotic dance troupe recently showcased their talents on “America’s Got Talent,” performing to Queen’s “Don’t Stop Me Now.” The routine was lively, though one robot faltered mid-performance. The incident, rather than diminishing the show, highlighted the challenges inherent in robotic performance.
In a major move for sales automation, Clay announced it has secured a significant Series C funding round, reaching a valuation of approximately $3 billion. This funding, led by CapitalG, follows a tender offer allowing employees to sell shares at a previous valuation, indicating growing confidence in the company’s potential.
Meanwhile, Deutsche Telekom and Nvidia are collaborating on a groundbreaking project to create an industrial artificial intelligence cloud for European manufacturers. Set for completion by 2026, this cloud will leverage Nvidia’s chips and Deutsche Telekom’s infrastructure to revolutionize AI applications in industrial settings.
In an intriguing development, Scale AI confirmed a substantial investment from Meta, valuing the company at $29 billion. This investment, totaling around $14.3 billion for a 49% stake, coincides with the announcement that co-founder Alexandr Wang will transition to Meta to enhance its AI capabilities.
As the demand for AI continues to surge, Scale AI’s recent funding will support its operations and growth initiatives, maintaining its independence even as it deepens its collaboration with Meta. This strategic investment aligns Meta’s focus on improving its AI efforts amid stiff competition from leaders like Google and OpenAI.
Tech Explained
Series C – A Series C round signifies a late-stage investment, helping startups grow and expand their market reach. This funding usually comes from venture capital firms, aimed at bolstering operations and moving the company closer to an eventual IPO or acquisition.
Tender Offer – A tender offer allows shareholders to sell their shares back to the company or an investor at a specified price. This strategy can help companies provide liquidity to employees or attract investments while maintaining control over the share structure.
Artificial Intelligence (AI) – AI refers to the simulation of human intelligence in machines that are programmed to think and learn. This technology is used widely across industries, driving advancements in automation, data analysis, and decision-making processes.
Investment – In a business context, investment refers to allocating resources, typically capital, in hopes of generating an income or profit. This can include the sale of stock, venture funding, or other financial contributions aimed at enhancing a company’s growth potential.
Data Annotation – Data annotation is the process of labeling data for machine learning model training. This crucial task ensures that AI systems can learn from data accurately, helping to distinguish patterns and make decisions based on the information provided.
