SoftBank is set to invest $500 million in SkildAI, a fast-growing AI robotics startup, at a valuation of $4 billion. The company, founded just two years ago, specialises in building AI models that can be adapted for different robotic applications. Previous investors include Jeff Bezos, Lightspeed Venture Partners, and Coatue Management, who contributed to a $300 million round last July.
The investment comes amid surging interest in AI-powered robotics, with major backers like Bezos ramping up funding in the sector. Startups such as Physical Intelligence and Figure AI have also secured hundreds of millions in recent months to develop advanced robotic “brains” and humanoid robots.
SkildAI’s latest funding highlights the growing competition in AI-driven automation, with investors betting on smarter, more adaptable robots. As demand for robotics expands across industries, firms like SkildAI are positioning themselves at the forefront of this technological revolution.
OpenAI CEO Sam Altman has called Chinese startup DeepSeek’s R1 model “impressive,” highlighting its ability to deliver advanced AI performance at a fraction of the cost. According to DeepSeek, its R1 model is 20 to 50 times cheaper to use than OpenAI’s own models, offering significant affordability without sacrificing quality.
Chinese AI, DeepSeek gained global recognition last month when it revealed that training its DeepSeek-V3 model required less than $6 million in computing resources, leveraging lower-cost Nvidia H800 chips. In contrast, Altman noted that OpenAI remains committed to prioritising increased computing power, suggesting this as an important factor in achieving AI progress.
The emergence of DeepSeek has disrupted the AI industry, leading to a significant sell-off in tech stocks, including Nvidia, which recorded a historic single-day loss of $593 billion in market value. Analysts say DeepSeek’s cost-efficient approach raises doubts about the necessity of the massive financial investments made by US tech firms in AI development.
As DeepSeek continues to attract attention, the startup’s success underscores a shift in the AI market, with low-cost models challenging traditional notions of progress in AI.
The UK‘s Competition and Markets Authority has appointed former Amazon executive Doug Gurr as its interim chairman, signalling the government’s push to boost economic growth and support the tech sector. Gurr, who brings extensive experience at Amazon, including leading the company’s UK and China operations, will guide the CMA as it fosters competition in industries such as cloud services and AI. The move aligns with the UK’s broader strategy to streamline regulations and position itself as a pro-business nation.
Gurr’s appointment comes amid a critical phase in the CMA’s investigation into the domestic cloud services market, which has been scrutinising Amazon’s dominant position. While Gurr will serve in an interim role, the government hopes his commercial background will help drive pro-business decisions that stimulate growth. This marks a shift from the previous chair, Marcus Bokkerink, whose tenure was shorter than expected, possibly due to dissatisfaction among government officials.
Industry experts note that Gurr’s appointment is timely, as the CMA is stepping up its oversight of Big Tech, particularly with the expanded powers under the Digital Markets, Competition, and Consumers Act. Critics and lobby groups like the Open Cloud Coalition closely watch how the CMA will handle its regulatory responsibilities, particularly in the cloud services sector, where Amazon holds a significant market share. They urge the CMA to maintain a strong stance on promoting fairness and competition.
As the CMA navigates its investigations and enforces new rules, stakeholders are keen to see how Gurr’s leadership will shape the future of competition regulation in the UK. The outcome could have far-reaching implications for businesses and consumers, particularly in the rapidly evolving tech landscape.
TikTok users in the United States remain in limbo as the popular app continues to be unavailable for download from Apple and Google app stores. The platform, owned by China’s ByteDance, resumed service following a temporary shutdown, but legal uncertainties have prevented its return to digital storefronts.
The impasse stems from a US law requiring ByteDance to divest TikTok or face a nationwide ban due to national security concerns. President Trump recently extended the enforcement deadline, sparking debates about potential buyers, including high-profile figures like Elon Musk. However, no clear resolution has emerged, leaving users and tech giants caught in legal purgatory.
Some frustrated fans have resorted to selling devices with TikTok pre-installed for exorbitant prices on platforms like eBay. Others are attempting workarounds, such as location changes or VPNs, to regain access. Despite these efforts, confusion about TikTok’s long-term future has prompted some users to abandon the app entirely, citing dissatisfaction with political interference.
As negotiations continue, TikTok’s status in the US remains precarious, with both users and the company waiting anxiously for clarity on its fate.
The UK government has introduced a new AI assistant named ‘Humphrey,’ inspired by the scheming character Sir Humphrey Appleby from the sitcom Yes, Minister. This innovative suite of digital tools aims to modernise civil service workflows, reduce costs, and simplify tasks such as summarising public feedback and searching parliamentary records.
The initiative forms part of a broader overhaul of government digital services, announced by Science and Technology Secretary Peter Kyle. Central to this plan are two new apps for secure document storage, including digital driving licences. The Humphrey AI tools, particularly Consult and Parlex, are designed to replace costly external consultants and assist policymakers in navigating parliamentary debates.
Despite the programme’s ambitions, the choice of name has sparked debate. Critics like Tim Flagg from UKAI argue that the association with Sir Humphrey’s ‘devious and controlling’ persona might undermine trust in the technology. However, Flagg also expressed optimism about the government’s technical capabilities, calling the project a positive step towards embracing AI.
The UK government insists that these tools will foster efficiency and collaboration, with improved data sharing between departments being another key feature of the initiative. By cutting consultancy costs and increasing transparency, officials hope Humphrey will become a symbol of progress, rather than parody.
Spanish Labour Minister and Deputy Prime Minister Yolanda Díaz announced her decision to leave Elon Musk’s social media platform X, citing concerns over its promotion of xenophobia and far-right ideologies. In a TV interview, Díaz criticised Musk’s behaviour during events linked to Donald Trump’s inauguration, as well as his recent speeches and gestures, which some interpreted as controversial.
Díaz’s departure follows backlash against Musk for raising his arm in a gesture at an inauguration-related event. While critics compared it to a Nazi salute, the Anti-Defamation League dismissed the claim, calling it an awkward moment of enthusiasm. Musk himself rejected the criticism as baseless.
The Spanish minister said her decision extends to personal and political posts and noted that members of her left-wing Sumar party would also leave the platform. This move aligns with other recent departures, including Germany’s Defence and Foreign Ministries, which cited dissatisfaction with X’s direction, joining universities in Germany and the UK in distancing themselves from the platform.
Bluesky has launched a vertical video feed, positioning itself as a competitor in the short-video space amidst uncertainty surrounding TikTok’s future in the US. This new feature is accessible via the Explore tab and allows users to scroll through trending videos by swiping up. For convenience, users can pin the feed to their home screen or add it to their list of custom feeds.
Acknowledging developers building TikTok alternatives, Bluesky highlighted emerging platforms such as ‘Tik.Blue’ and ‘Skylight.Social,’ which are currently in early development stages. These efforts align with Bluesky’s growth, as the platform has surpassed 28 million users.
Other platforms are also leveraging TikTok’s precarious situation. Elon Musk’s X recently introduced a vertical video feed, while Meta unveiled Edits, a video editing app to rival ByteDance’s CapCut. Bluesky’s latest move highlights a broader shift among social networks seeking to capture the short-video audience in the US and globally.
The incoming Trump administration is set to shape the future of cryptocurrency and blockchain technology in the United States with a wave of key appointments and nominations. As President-elect Donald Trump prepares to take office, crypto advocates are hopeful that the new leadership will take a friendlier stance toward the industry, marking a departure from years of lawsuits and enforcement actions.
Among the prominent appointees, billionaire hedge fund manager Scott Bessent, slated to be Treasury Secretary, has voiced strong support for crypto, calling it “about freedom.” Commerce Secretary nominee Howard Lutnick, who leads Cantor Fitzgerald, is an active bitcoin proponent, while Elon Musk, heading the new Department of Government Efficiency (DOGE), has a well-documented history of championing cryptocurrencies like bitcoin and dogecoin. Vivek Ramaswamy, a former presidential candidate, will work alongside Musk at DOGE, with a focus on integrating bitcoin into broader investment portfolios.
David Sacks, a former PayPal executive and crypto investor, was named the administration’s AI and crypto czar, tasked with creating a long-sought legal framework for digital assets. Vice President-elect J.D. Vance and members of the Trump family, including Eric Trump, Donald Trump Jr., and Barron Trump, have also signalled strong support for cryptocurrency, further solidifying the administration’s pro-crypto stance. With SEC Chair nominee Paul Atkins advocating for deregulation, the industry is optimistic about a more innovation-friendly approach.
The Trump administration’s apparent focus on fostering a robust US crypto industry has already garnered attention, including a sold-out crypto-themed ball in Washington. While critics voice concerns about conflicts of interest and regulatory gaps, supporters believe these appointments could position the US as a global leader in cryptocurrency and blockchain technology.
Several prominent tech leaders, including Sundar Pichai, CEO of Alphabet, and Tim Cook, CEO of Apple, are scheduled to attend US President-elect Donald Trump’s inauguration on Monday, according to sources familiar with the event’s planning. This marks a significant moment as top executives from the tech industry, including Elon Musk, Jeff Bezos, and Mark Zuckerberg, are also expected to be in attendance. The move signals ongoing engagement between the tech sector and the incoming administration, despite various regulatory and political challenges that have shaped recent interactions between Silicon Valley and the US government.
The participation of these influential figures has attracted attention, especially given the politically charged atmosphere surrounding Trump’s presidency. While there have been tensions between Big Tech companies and the outgoing administration, with issues like data privacy, antitrust concerns, and platform regulation, the CEOs’ attendance at the inauguration may reflect an attempt to foster relationships with the new president and his team.
Apple has not yet responded to a request for comment on the reports of Tim Cook’s attendance, and the full list of attendees is still evolving. The inauguration will serve as a crucial occasion for shaping future dialogues between the tech sector and government officials. The presence of these key leaders also raises questions about how the next administration will approach regulations affecting the rapidly evolving technology industry.
A French interior designer, identified as Anne, has fallen victim to a sophisticated scam in which she was tricked into believing she was in a relationship with actor Brad Pitt. Over the course of a year, the scammer, using AI-generated images and fake social media profiles, manipulated Anne into sending €830,000 for purported cancer treatment after a fabricated story involving the actor’s frozen bank accounts.
The scam began when Anne received messages from a fake ‘Jane Etta Pitt,’ claiming the Hollywood star needed someone like her. As Anne was going through a divorce, the AI-generated Brad Pitt sent declarations of love, eventually asking for money under the guise of urgent medical needs. Despite doubts raised by her daughter, Anne transferred large sums, believing she was saving a life.
The truth came to light when Anne saw Brad Pitt in the media with his current partner, and it became clear she had been scammed. However, instead of support, her story has been met with cyberbullying, including mocking social media posts from groups like Toulouse FC and Netflix France. The harassment has taken a toll on Anne’s mental health, and police are now investigating the scam.
The case highlights the dangers of AI scams, the vulnerabilities of individuals, and the lack of empathy in some online responses.
