Nebius Group has secured $700 million through a private placement, attracting investors such as Nvidia, Accel, and Orbis Investments. The AI infrastructure firm, founded by former Yandex CEO Arkady Volozh, aims to enhance its capabilities to serve artificial intelligence developers globally.
The funding will enable Nebius to accelerate its investments in GPU clusters, cloud platforms, and other AI development tools. Having already committed $1 billion in investments by mid-2025, the firm hinted at potential further expansion. With more than half its clientele based in the United States, Nebius is leasing data centre space in Kansas City, Missouri, and exploring additional growth opportunities.
As part of the placement, Nebius issued 33,333,334 Class A shares at $21 per share, reflecting a slight premium to recent Nasdaq trading averages. The financing was oversubscribed, leading to a revised annualised revenue projection of $750 million to $1 billion by the end of 2025.
Nebius also announced it would no longer pursue a previously approved share buyback, citing strong investor interest and favourable market conditions. Chairman John Boynton stated that shareholders who wished to exit had ample opportunity to do so at competitive prices.
Cate Blanchett has voiced her concerns about the societal implications of AI, describing the threat as ‘very real.’ In an interview with the BBC, the Australian actress shared her scepticism about advancements like driverless cars and AI‘s potential to replicate human voices, noting the broader risks for humanity. Blanchett emphasised that AI could replace anyone, not just actors, and criticised some technological advancements as ‘experimentation for its own sake.’
While promoting Rumours, her new apocalyptic comedy film, Blanchett described the plot as reflective of modern anxieties. The film, directed by Guy Maddin, portrays world leaders navigating absurd situations, offering both satire and a critique of detachment from reality. Blanchett highlighted how the story reveals the vulnerability and artificiality of political figures once removed from their structures of power.
Maddin shared that his characters emerged from initial disdain but evolved into figures of empathy as the narrative unfolds. Blanchett added that both actors and politicians face infantilisation within their respective systems, highlighting parallels in their perceived disconnection from the real world.
Trade tensions between the USA and China are escalating in the semiconductor sector, as four of the top Chinese industry associations warned against purchasing US chips, claiming they are ‘no longer safe’ and they threaten national security principles. The response follows the latest US crackdown, restricting exports to 140 Chinese companies, including prominent chip equipment makers like Naura Technology Group.
However, the US semiconductor trade group dismissed these concerns, arguing that US chips remain safe and reliable. It called for more targeted export controls aimed at national security rather than broad, punitive measures.
Despite these assurances, the Chinese associations, which represent major industries from telecommunications to the digital economy, opted for a considerable change of course in the mindset of Chinese businesses. They are now advised to consider non-US suppliers to safeguard their operations and reduce reliance on US technology.
China has also imposed restrictions, notably a ban on exports of critical rare minerals used in military applications, solar cells, and fibre optic cables. The measure is seen as Beijing’s attempt to exert leverage and retaliate against the US actions, showing a more aggressive stance in this tech export war. Experts suggest that while the warnings from Chinese associations may be largely advisory, the new mineral export bans are a far more significant measure that could have a lasting impact on the global supply chain.
The recent crackdown and the retaliatory moves have also raised alarms in Washington, with the US National Security Council vowing to take necessary steps to deter further ‘coercive actions’ from China. The US is also working on diversifying its supply chains away from China, particularly in the semiconductor sector, where China’s growing self-reliance is seen as a challenge to American dominance.
South Korean AI chipmakers Rebellions and Sapeon Korea have officially merged, forming a new company valued at approximately USD 928 million. The combined entity will continue under the name “Rebellions,” led by CEO Sunghyun Park. The merger aims to enhance the company’s global competitiveness in the fast-growing AI chip market by leveraging expertise across South Korea‘s telecom, government, and semiconductor sectors.
The merger brings together Rebellions, a fabless AI chip startup established in 2020, and Sapeon Korea, an affiliate of SK Telecom, to combine their strengths in AI chiplet technology. This integration is expected to accelerate innovation and improve efficiency, particularly in developing next-generation AI chips like REBEL, designed to meet the increasing demands of AI applications.
Looking ahead, Rebellions plans to expand internationally, with targeted entry into markets such as the United States, Saudi Arabia, and Japan. Strategic partnerships, including collaborations with SK Telecom and SK hynix, will help fuel the company’s global ambitions and support its expansion efforts.
Ukraine plans to acquire tens of thousands of uncrewed ground vehicles next year, aiming to enhance battlefield logistics and safety. These robotic platforms, already deployed near the front, will transport supplies, evacuate casualties, and keep soldiers away from dangerous zones. Deputy Prime Minister Mykhailo Fedorov highlighted the growing role of technology in mitigating risks along active conflict lines.
Advancements in military tech are reshaping Ukraine’s defence strategy. With increased production of long-range attack drones, Kyiv is narrowing the technological gap with Moscow. Ukraine has also adopted decoy drones to counter Russian tactics, alongside AI-driven systems to improve battlefield precision and reduce reliance on direct piloting.
Efforts are underway to innovate drone defences, including intercepting Russia’s Shahed drones. Autonomous technologies are expected to rise, with potential for early-stage drone swarm deployment. Fedorov noted the importance of connectivity and launch methods as Ukraine adapts to changing enemy responses.
Ukraine’s government-backed initiatives continue to support military innovation, fostering partnerships with private firms to scale up production and refine technologies. These developments mark a significant shift in how modern warfare is conducted, blending AI and robotics into entrenched combat scenarios.
Five Canadian news companies have launched a lawsuit against OpenAI, claiming its AI systems violate copyright laws. Torstar, Postmedia, The Globe and Mail, The Canadian Press, and CBC/Radio-Canada allege the company uses their journalism without permission or compensation. The legal filing, made in Ontario’s superior court, seeks damages and a permanent ban on OpenAI using their materials unlawfully.
The companies argue that OpenAI has deliberately appropriated their intellectual property for commercial purposes. In their statement, they emphasised the public value of journalism and condemned OpenAI’s actions as illegal. OpenAI, however, defended its practices, stating that its models rely on publicly available data and comply with fair use and copyright principles. The firm also noted its efforts to collaborate with publishers and provide mechanisms for opting out.
The case follows a trend of lawsuits by various creators, including authors and artists, against AI companies over the use of copyrighted content, and the Canadian lawsuit does not name Microsoft, a major OpenAI backer. Separately, Elon Musk recently expanded a legal case accusing both companies of attempting to dominate the generative AI market unlawfully.
Heathrow Airport, one of the world’s busiest, is trialling an advanced AI system named ‘Amy’ to assist air traffic controllers in managing its crowded airspace. Handling nearly half a million flights annually, Heathrow aims to improve safety and efficiency through real-time data and advanced tracking capabilities provided by the AI system.
Amy integrates radar and 4K video data to give controllers a detailed visualisation of aircraft positions, even when out of sight. Designed by NATS, the UK’s air traffic management agency, the system offers vital information such as flight numbers and aircraft types, helping controllers make faster, more informed decisions. After testing on over 40,000 flights, NATS plans to fully operationalise a ‘digital contingency tower’ by 2027 to ensure backup in emergencies.
Despite its promise, experts caution against over-reliance on AI. They highlight potential limitations, such as insufficient contextual judgment and challenges in handling unexpected scenarios. Colin Rigby from Keele University emphasised that AI should complement human operators rather than replace them.
The adoption of similar AI-driven solutions is being explored by major airports worldwide, including those in Singapore, New York, and Hong Kong, signaling a shift toward digital transformation in air traffic management.
A team from Johns Hopkins and Stanford has trained robotic systems to perform surgical tasks with human-like precision. Using a da Vinci Surgical System, the researchers applied ‘imitation learning,’ where robots observe recorded surgical videos to replicate complex movements like suturing and tissue manipulation. This innovative method eliminates the need for manual programming and allows robots to learn from the combined expertise of skilled surgeons.
The AI-powered system combines imitation learning with advanced machine learning techniques, enabling it to convert visual data into precise robotic actions. Not only does it perform surgical tasks proficiently, but it can also self-correct in real time, such as retrieving a dropped needle without human intervention. Such adaptability could reduce complications and enhance patient outcomes.
This breakthrough accelerates the path toward autonomous robotic surgery. Researchers believe robots can now learn new procedures in days rather than months. While full autonomy in surgery remains a future goal, this advancement marks a significant step toward safer and more accessible healthcare worldwide.
Italy’s data protection authority has issued a warning to publisher GEDI over sharing personal data with OpenAI, citing potential violations of EU privacy regulations. GEDI, part of the Agnelli family’s Exor group, entered into a strategic partnership with OpenAI in September to provide Italian-language content for ChatGPT users.
Under the deal, OpenAI’schatbot would feature GEDI’s attributed content and links, while its journalism could refine the AI’s accuracy. Concerns have arisen due to the sensitive nature of the archives, containing information on millions of individuals. The regulator highlighted that such data requires careful handling and warned of potential sanctions if EU rules are breached.
GEDI clarified that the partnership does not involve selling personal data and noted that the project is still under review. No editorial content has been shared with OpenAI to date, according to a company statement. Discussions with the watchdog are ongoing, with GEDI expressing hope for constructive dialogue to resolve concerns.
Representatives from OpenAI have not yet commented on the matter.
Ann Jensen, a woman from Salisbury, was deceived into losing £20,000 through an AI-powered investment scam that falsely claimed endorsement by UK Prime Minister Sir Keir Starmer. The scammers used deepfake technology to mimic Starmer, promoting a fraudulent cryptocurrency investment opportunity. After persuading her to invest an initial sum, they convinced her to take out a bank loan, only to vanish with the funds.
The scam left Ms. Jensen not only financially devastated but also emotionally shaken, describing the experience as a “physical reaction” where her “body felt like liquid.” Now facing a £23,000 repayment over 27 years, she reflects on the incident as a life-altering crime. “It’s tainted me for life,” she said, emphasising that while she doesn’t feel stupid, she considers herself a victim.
Cybersecurity expert Dr. Jan Collie highlighted how AI tools are weaponised by criminals to clone well-known figures’ voices and mannerisms, making scams appear authentic. She advises vigilance, suggesting people look for telltale signs like mismatched movements or pixelation in videos to avoid falling prey to these sophisticated frauds.
