Databricks has secured a fresh funding round that pushes its valuation beyond $100bn, cementing its place among the world’s most valuable private tech firms. The Series K deal marks a sharp rise from the company’s $62bn figure in late 2024 and underscores investor confidence in its long-term AI strategy.
The new capital will accelerate Databricks’ global expansion, fuel acquisitions in the AI space, and support product innovation. Upcoming launches include Agent Bricks, a platform for enterprise-grade AI agents, and Lakebase, a new operational database that extends the company’s ecosystem.
Chief executive Ali Ghodsi said the round was oversubscribed, reflecting strong investor demand. He emphasised that businesses can leverage enterprise data to create secure AI apps and agents, noting that this momentum supports Databricks’ growth across 15,000 customers.
The company has also expanded its role in the broader AI ecosystem through partnerships with Microsoft, Google Cloud, Anthropic, SAP, and Palantir. Last year, it opened a European headquarters in London to cement the UK as a key market and strengthen ties with global enterprises.
Databricks has avoided confirming an IPO timeline, though Ghodsi told CNBC that investor appetite surged after fintech Figma’s listing. With Klarna now eyeing a return to New York, Databricks’ soaring valuation highlights how leading AI firms continue to attract capital even as market conditions shift.
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OpenAI chief Sam Altman has warned that the US may be underestimating China’s rapid advancement in AI.
Speaking to CNBC, Altman explained that China’s use of open-source models and its manufacturing capacity may allow it to move faster in some areas of development.
He questioned the effectiveness of export controls, noting that chip restrictions may not be enough to curb long-term innovation. Chinese firms like DeepSeek and MoonshotAI are gaining traction with open-weight models that rival US offerings in cost and capability.
Altman’s comments echo concerns voiced earlier by Nvidia’s CEO, who said firms like Huawei continue to grow despite restrictions.
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Elon Musk has taken an unexpected conciliatory turn in his feud with Sam Altman by praising a ChatGPT-5 response, ‘I don’t know’, as more valuable than overconfident answers. Musk described it as ‘a great answer’ from the AI chatbot.
At one point, xAI’s Grok chat assistant sided with Altman, while ChatGPT offered a supportive nod to Musk. These chatbot alignments have introduced confusion and irony into a clash already rich with irony.
Musk’s praise of a modest AI response contrasts sharply with the often intense claims of supremacy. It signals a rare acknowledgement of restraint and clarity, even from an avowed critic of OpenAI.
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Nexon launched an investigation after players spotted several suspicious adverts for The First Descendant on TikTok that appeared to have been generated by AI.
One advertisement allegedly used a content creator’s likeness without permission, sparking concerns about the misuse of digital identities.
The company issued a statement acknowledging ‘irregularities’ in its TikTok Creative Challenge, a campaign that lets creators voluntarily submit content for advertising.
While Nexon confirmed that all videos had been verified through TikTok’s system, it admitted that some submissions may have been produced in inappropriate circumstances.
Nexon apologised for the delay in informing players, saying the review took longer than expected. It confirmed that a joint investigation with TikTok is underway to determine what happened, and it was promised that updates would be provided once the process is complete.
The developer has not yet addressed the allegation from creator DanieltheDemon, who claims his likeness was used without consent.
The controversy has added to ongoing debates about AI’s role in advertising and protecting creators’ rights.
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OpenAI has updated GPT-5 to make its tone noticeably warmer and more engaging, without reverting to the overly flattering style some users criticised in GPT-4o. The change is rolling out, aiming to balance emotional resonance with substance.
CEO Sam Altman stated the adjustment directly responds to users finding GPT-5 too formal or robotic. The update is subtle yet visible, enhancing conversational warmth while avoiding sycophantic tendencies.
OpenAI also expands user control by offering three interaction modes, Auto, Fast, and Thinking, which adapt response style to user preference. These changes empower users to shape the tone and depth of their AI interactions.
Reacting to public frustration, OpenAI has reinstated GPT-4o (along with GPT-4.1, o3, and GPT-5 Thinking mini) for paid subscribers, while promising more customisation options in future updates.
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The ads, circulating primarily on TikTok, combine unnatural expressions with awkward speech patterns, triggering community outrage.
Fans on Reddit slammed the ads as ’embarrassing’ and akin to ‘cheap, lazy marketing,’ arguing that Nexon had bypassed genuine collaborators for synthetic substitutes, even though those weren’t subtle attempts.
Critics warned that these deepfake-like promotions undermine the trust and credibility of creators and raise ethical questions over likeness rights and authenticity in AI usage.
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OpenAI recently unveiled GPT-5, a significant upgrade praised for its advances in accuracy, reasoning, writing, coding and multimodal capabilities. The model has also been designed to reduce hallucinations and excessive agreeableness.
Chief executive Sam Altman has admitted that OpenAI has even more powerful systems that cannot be released due to limited capacity.
Altman explained that the company must make difficult choices, as existing infrastructure cannot yet support the more advanced models. To address the issue, OpenAI plans to invest in new data centres, with spending potentially reaching trillions of dollars.
The shortage of computing power has already affected operations, including a cutback in image generation earlier in the year, following the viral Studio Ghibli-style trend.
Despite criticism of GPT-5 for offering shorter responses and lacking emotional depth, ChatGPT has grown significantly.
Altman said the platform is now the fifth most visited website worldwide and is on track to overtake Instagram and Facebook. However, he acknowledged that competing with Google will be far harder.
OpenAI intends to expand beyond ChatGPT with new standalone applications, potentially including an AI-driven social media service.
The company also backs Merge Labs, a brain-computer interface rival to Elon Musk’s Neuralink. It has partnered with former Apple designer Jony Ive to create a new AI device.
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Singapore’s Prime Minister Lawrence Wong said employment for citizens will remain the government’s top priority as the nation confronts global trade tensions and the rapid advance of AI.
Speaking at the annual National Day Rally to mark Singapore’s 60th year, Wong pointed to the risks created by the US–China rivalry, renewed tariff policies under President Donald Trump, and the pressure technology places on workers.
In his first primary address since the May election, Wong emphasised the need to reinforce the trade-reliant economy, expand social safety nets and redevelop parts of the island.
He pledged to protect Singaporeans from external shocks by maintaining stability instead of pursuing risky shifts. ‘Ultimately, our economic strategy is about jobs, jobs and jobs. That’s our number one priority,’ he said.
The government has introduced new welfare measures, including the country’s first unemployment benefits and wider subsidies for food, utilities and education.
Wong also announced initiatives to help enterprises use AI more effectively, such as a job-matching platform and a government-backed traineeship programme for graduates.
Looking ahead, Wong said Singapore would draw up a new economic blueprint to secure its future in a world shaped by protectionism, climate challenges and changing energy needs.
After stronger-than-expected results in the first half of the year, the government recently raised its growth forecast for 2025 to between 1.5% and 2.5%.
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The US government is reportedly considering acquiring a stake in Intel to support its domestic chip manufacturing plans. Talks began after Intel CEO Lip-Bu Tan met with Trump administration officials on 11 August, following calls for his resignation over alleged China ties.
President Trump has pushed for greater control over the semiconductor sector and recently criticised Tan, prompting political pressure on Intel’s board.
While Intel declined to comment on a possible deal, it stated its commitment to supporting US technology and manufacturing leadership.
The proposed stake would aid Intel’s delayed Ohio chip factory project and expand its US production capacity.
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AI pioneer Geoffrey Hinton has warned that AI could one day wipe out humanity if its growth is unchecked.
Speaking at the Ai4 conference in Las Vegas, the former Google executive estimated a 10 to 20 percent chance of such an outcome and criticised the approach taken by technology leaders.
He argued that efforts to keep humans ‘dominant’ over AI will fail once systems become more intelligent than their creators. According to Hinton, powerful AI will inevitably develop goals such as survival and control, making it increasingly difficult for people to restrain its influence.
In an interview with CNN, Hinton compared the potential future to a parent-child relationship, noting that AI systems may manipulate humans just as easily as an adult can bribe a child.
He suggested giving AI ‘maternal instincts’ to prevent disaster so that the technology genuinely cares about human well-being.
Hinton, often called the ‘Godfather of AI’ for his pioneering work in neural networks, cautioned that society risks creating beings that will ultimately outsmart and overpower us without embedding such safeguards.
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