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Today:

Defense AI startup breaks record with $223M funding round

Read Time: 4 minutes

🛡️ Defense AI Startup breaks records with $223M round

Our Report: Defense AI startup, Helsing, has broken the record in European AI funding, securing $223M for its Series B round to expand its propriety AI defense platform.

🔑 Key Points:

• Spotify founder Daniel Ek had previously backed Helsing with a €100 million investment. With this monster Series B, they’re on their way to becoming the top European defense tech unicorn at a €1.7B valuation.

• Helsing's proprietary AI platform aims to strengthen defense and national security for liberal democracies by making them more efficient and leveraging live data.

• Notably, they recently clinched a contract to develop the AI infrastructure for the Future Combat Air System (FCAS) program—a tri-national effort (between Germany, France & Spain) to build a 6th generation fighter jet.

• AI’s integration with warfare raises a host of ethical and moral concerns, but funding shows no signs of slowing down with the Pentagon recently requesting over $3B for AI funding.

🤨 Why you should care: Helsing's meteoric rise and massive funding indicate a growing trust in AI's capabilities in defense, making it a pivotal player in global security and defense technology. Furthermore, the interplay between defense institutions and private AI companies will continue to add to an ever-evolving and extremely complex dynamic.

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ChatGPT Prompt

✅ Emotion-driven marketing

^{copy & paste ⬇️}

“Developing an Emotion-Centric Branding Strategy for [my product/business]: Unraveling Deep-Rooted Emotional Triggers and Constructing Resonant Narratives”

MidJourney Prompt

🎨 Night Photography

💡 Tip: The following terms create a moody atmosphere, with our personal favorite being ‘long exposure’:

“Lit cityscapes,” “Starry skies,” “Moonlit landscapes,” “Night time portraits,” “Long exposures.”

🔓 Microsoft open-sources protein-folding AI model

Microsoft has open-sourced EvoDiff, a unique framework designed to generate proteins based on a given sequence which has potential applications in creating new enzymes for therapeutics and industrial reactions.

The framework, built on a 640-parameter model, is trained using a wide range of protein data and can now be accessed upon request. As one might observe, investments and potential applications of AI in the realms of science and medicine are expanding at an exponential rate.

🇪🇺 OpenAI unveils Dublin office to tackle EU regulations

OpenAI is expanding its European presence with a new Dublin, Ireland office to (in their own words) support its “commitment to serve the European market and leverage Ireland's thriving tech ecosystem”

This strengthens OpenAI's ties with European partners and more importantly, gives them a base from which to tackle growing regulations within the EU.

🧱 DataBricks raises $500M at $43B valuation

Databricks, amid many late-stage startups experiencing valuation cuts, has raised over $500M in its Series I—boosting its valuation to $43B.

The funding, including significant investments from notable firms, is notable considering the recent valuation cuts of late-stage startups. A huge round amidst general decline would suggest a potential future IPO…

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💰 Shield, the AI drone startup, valued at $2.5B after newest funding round

🇯🇵 Japan has started building their own version of ChatGPT

🍎 Bill Gates says AI could be used to treat world hunger

👩🏼‍🦽 GM reveals wheelchair-accessible robotaxi

💰 ARM after the biggest IPO of the year

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Until next time, Martin & Arturo.