Voice cloning startup ElevenLabs has raised $180 million in a Series C funding round, tripling its valuation to $3.3 billion. Co-led by Andreessen Horowitz and Iconiq Growth, the funding round also saw participation from new investors like NEA and World Innovation Lab, alongside increased support from existing backers such as Sequoia Capital and Salesforce Ventures. The company aims to leverage the new funding to enhance its research into expressive voice AI, develop new products, and expand its tools for developers and businesses.
Founded in 2022 and headquartered in London, ElevenLabs specialises in AI-generated voices that replicate various languages, accents, and emotions. The startup’s technology has already found applications in publishing and gaming, with partnerships including The New Yorker and Cloud Imperium Games. In 2024, ElevenLabs broadened its product offerings to include speech generation, voice design, sound effects, and AI-driven dubbing across 32 languages.
CEO Mati Staniszewski, who co-founded the company with Piotr Dabkowski, described the funding as a significant step towards making voice interactions more natural and effortless. With a total of $281 million raised so far, ElevenLabs is poised to play a leading role in the rapidly growing generative AI sector.
SoftBank Group is in talks to lead a funding round of up to $40 billion for OpenAI, aiming to value the AI developer at $300 billion, including the new investment. This potential round, which would set a record for a private company, comes amid the growing competition in the AI sector, notably from Chinese startup DeepSeek. Despite this, SoftBank has valued OpenAI at $260 billion, up from $150 billion just a few months ago. The funding is expected to come via convertible notes and is contingent on OpenAI restructuring its business to limit the control of its non-profit arm.
The move would be a bold bet for SoftBank and its CEO Masayoshi Son, who has about $30 billion in cash available for investment. SoftBank’s commitment to OpenAI could be as much as $25 billion, with some funds potentially directed towards OpenAI’s joint venture Stargate, which aims to secure the US position in the global AI race against China. This would add to SoftBank’s previous $15 billion commitment to Stargate.
The funding talks come as OpenAI’s valuation has surged due to its influential AI model, ChatGPT, while competing companies, such as Microsoft and Meta Platforms, continue to ramp up their own AI investments, with Microsoft alone earmarking $80 billion for AI development. Meanwhile, DeepSeek has made waves by claiming that its latest AI model was developed with significantly lower costs than its competitors, further intensifying the race in AI innovation.
SoftBank is reportedly in talks to invest up to $25 billion in OpenAI, the owner of ChatGPT, as part of its broader push into the AI sector. The investment, which could range from $15 billion to $25 billion, would go towards supporting OpenAI’s commitment to Stargate, a joint venture between SoftBank, Oracle, and OpenAI aimed at securing the US’s lead in the global AI race. This deal would be in addition to the $15 billion SoftBank has already committed to the Stargate initiative, although the talks are still in the early stages.
Stargate, which plans to invest up to $500 billion, has garnered attention as a major player in the competition between the US and China over AI dominance. However, the recent rise of DeepSeek, a Chinese startup that has shaken up the market with its low-cost AI model, has put pressure on SoftBank’s plans. Despite a surge in SoftBank’s share price following the Stargate announcement, the company has seen its stock drop more than 12% due to the market response to DeepSeek’s success.
SoftBank CEO Masayoshi Son’s strategy to secure a significant stake in OpenAI and fulfil Stargate’s goals has reportedly been reviewed and approved by OpenAI’s board. SoftBank had previously acquired a $1.5 billion stake in OpenAI, which was valued at $157 billion in its latest funding round. Despite the ongoing discussions, both SoftBank and OpenAI have declined to comment on the latest investment talks.
TikTok has announced a $3.8 billion investment in a data hosting centre in Thailand, marking a significant expansion of its digital infrastructure in the region. The project, managed through the company’s Singapore-based unit, is expected to support affiliated businesses and begin operations in 2026, according to Thailand’s Board of Investment.
The move comes amid a wave of tech investment in Thailand, with companies such as Google, Amazon Web Services, and Microsoft all committing billions to establish data centres in the country. The Thai government hopes these developments will strengthen its digital economy and push the nation closer to becoming a regional technology hub.
TikTok’s decision to invest follows increased scrutiny over data privacy and security worldwide. As governments tighten regulations on tech firms, establishing regional data centres has become a strategic move for companies looking to maintain compliance and expand their presence in key markets.
San Francisco-based startup Waterlily has raised $7 million in seed funding to expand its AI-driven platform for long-term care planning. Founded by Lily Vittayarukskul, the company helps families and financial advisors predict care costs and create tailored financial strategies. Using machine learning and data from government and insurance sources, Waterlily provides personalised recommendations on funding options, such as life insurance and long-term care policies.
Waterlily’s technology was inspired by Vittayarukskul’s personal experience of caring for her aunt, which exposed the financial and emotional strain of long-term care. The platform’s predictive AI can be used for individuals over 40, offering insights into when and how they may need care. The startup already serves major insurance carriers, including Prudential, and hundreds of independent advisors.
With its latest funding round, Waterlily plans to enhance its AI models, expand its team, and strengthen its partnerships. The company is also exploring international expansion to markets such as the UK and Canada, aiming to bridge the gap in long-term care planning and ensure more families are prepared for the future.
Vodafone has achieved a world first by making a video call via satellite using a standard smartphone, marking a significant breakthrough in mobile technology. The call, made from the remote Welsh mountains where there was no network signal, was received by CEO Margherita Della Valle. Vodafone used AST SpaceMobile’s BlueBird satellites, which provide speeds of up to 120 megabits per second, to enable the video call, which included voice, text, and data transmission.
This satellite technology is part of Vodafone’s broader plan to expand satellite connectivity across Europe by 2026. The company aims to offer users a full mobile experience, including video calls, even in areas where traditional network coverage is unavailable. Vodafone is also an investor in AST SpaceMobile, alongside major companies like AT&T, Verizon, and Google.
The race to deploy satellite services is heating up, with competitors like Apple, T-Mobile, and SpaceX already working on satellite-based connectivity. Apple’s iPhones, starting from the iPhone 14, offer satellite texting for emergency services and location sharing. Other companies are testing similar services, with plans for voice and data connectivity in the future.
British astronaut Tim Peake, who attended the launch of Vodafone’s space-to-land gateway, hailed the ability to connect via satellite as an ‘incredible breakthrough.’ Peake, who spent six months aboard the International Space Station, highlighted the importance of staying connected while in remote environments and expressed interest in future space missions.
Apple’s iPhone devices are now eligible to test SpaceX’s Starlink’s direct-to-cell service, which offers satellite-based coverage, according to T-Mobile. The trial, which started after receiving approval from the Federal Communications Commission (FCC) in November, currently provides “text via satellite” capabilities, with plans to add voice and data features in the future.
Initially, only select Android smartphones were eligible for the test, but T-Mobile has expanded compatibility to include iPhones running the latest iOS 18.3 software update. The partnership between Apple, SpaceX, and T-Mobile has been kept under wraps, with the companies working together to integrate Starlink support into Apple’s devices.
The FCC’s approval last year also allowed Starlink’s direct-to-cell service to assist in providing coverage in areas like North Carolina, which were severely impacted by Hurricane Helene. While Apple and SpaceX did not comment outside business hours, the initiative marks a significant step in expanding satellite coverage for mobile users.
Microsoft’s ambitious push into artificial intelligence is facing growing investor doubts as the company prepares to release its latest earnings report. Despite heavy investment in OpenAI and plans to spend $80 billion on AI infrastructure this fiscal year, its Azure cloud business has shown slowing growth for two consecutive quarters. Analysts now question whether AI-driven demand will be enough to reignite momentum.
The tech giant’s stock has underperformed many of its peers, with further pressure mounting after Chinese startup DeepSeek introduced a cost-effective AI model, sparking concerns about US dominance in the sector. Meanwhile, Microsoft’s AI-powered Copilot assistant has struggled to gain widespread traction beyond pilot programmes, forcing the company to adjust pricing strategies in an attempt to drive adoption.
While Microsoft still handles most of OpenAI’s cloud traffic, competition in AI infrastructure is intensifying. With investor sentiment turning cautious, the upcoming earnings report will be a key test of whether AI investments can translate into sustainable revenue growth.
Google Maps will rename the Gulf of Mexico as the ‘Gulf of America’ for users in the United States, reflecting an official update to the US Geographic Names System. However, users in Mexico will continue to see the original name, while others worldwide will view both names side by side. Alphabet’s Google confirmed the change on social media, highlighting its standard practice of adapting location labels based on recent regional naming disputes.
The name change stems from an executive order signed by US President Donald Trump hours after taking office on 20 January, as part of his pledge to prioritise nationalist symbolism. Alongside this decision, Trump restored the name of North America’s highest peak, Denali, to its previous designation of Mount McKinley. These actions have reignited debates about historical and cultural naming conventions.
Mexican President Claudia Sheinbaum responded light-heartedly, suggesting that North America could be renamed ‘Mexican America’ in reference to an old regional map. Google, which has navigated other geopolitical naming controversies, cited its consistent approach, such as labelling disputed waters as ‘Sea of Japan (East Sea)’, ‘Israel (Palestine)’, or ‘Persian Gulf (Arabian Gulf)’ in different regions.
The renaming has sparked mixed reactions, with critics accusing it of unnecessary politicisation and cultural erasure. Google’s application of the changes reflects its policy of balancing local preferences and global clarity in its mapping platform.
Universal Music Group (UMG) and Spotify have announced a new multi-year agreement covering recorded music and music publishing. The deal establishes a direct license between Spotify and UMG across the US and several other countries, aimed at enhancing the streaming experience for artists, songwriters, and consumers.
The partnership promises to introduce new offerings, including upgraded paid subscription tiers and a more expansive catalogue of music and visual content. Both companies emphasise that this collaboration will drive continuous innovation, making music subscriptions more appealing to a global audience.
As Spotify works to improve its profitability, the company has recently implemented cost-cutting measures, including layoffs and a reduced focus on podcasts. It has also raised prices for its US plans to cater to the growing demand for premium services.
