AI news and funding updates from the last 24 hours(13th Jan 2025):

🏻 Government and Policy

✅ US AI Regulations: New rules restrict access to advanced AI chips (TPP limit ~50,000 Nvidia H100 GPUs) and control AI model weights, with exemptions for allies and small orders.

✅ Nvidia Criticism: Nvidia argues the US chip export rules harm AI leadership and innovation without improving national security.

✅ UK AI Investments: PM Starmer announced a $17B private investment plan, fast-tracking data centers, a supercomputer, and a national data library.

✅ UK AI Opportunities Action Plan: creating 13,250 jobs and boosting AI growth.

🏻 AI News

✅ iPhone Market Decline: Global share dropped to 18% due to delayed AI features and competition from Chinese brands like Xiaomi and Vivo.

✅ VLC AI Features: Developing on-device AI for real-time subtitle generation and translation, enhancing privacy and accessibility.

✅ AI Misinformation: AI-generated images on corn digestion dominate Google search, highlighting issues with low-quality content.

✅ AI in Coding: Mark Zuckerberg predicts AI will replace mid-level coders by 2025, with Meta and Google already automating significant code development.

✅ Ariqt Expansion: Dutch AI firm opens an innovation hub in Hyderabad, hiring 300+ engineers and reinforcing Telangana's innovation ecosystem.

✅ Coreweave Expansion: $19B cloud computing company launches two UK data centers with Nvidia H200 GPUs, aligning with AI infrastructure investments.

✅ GitHub Copilot Workspace: Now open to all, supporting natural language coding in Indian languages like Hindi and Kannada.

✅ India’s First Private Fab: Andhra Pradesh partners with YITOA and Indichip to establish a ₹14,000 crore silicon carbide semiconductor fab in Kurnool.

✅ TCS-Nvidia Collaboration: Using BioNeMo for accelerated protein research in flavors and fragrances, modernizing R&D processes.

✅ TransPixar AI: Simplifies creating transparent video effects via text prompts, democratizing tools for creators.

✅ Private AI in Banking: Enhances compliance with DORA by improving risk management, incident response, and fraud detection.

🏻 AI Funding Rounds

✅ Qventus: Secured $105M at a valuation over $400M to advance AI healthcare solutions.

✅ Fetch.ai Accelerator: Launched a $10M fund for startups in AI agents, quantum computing, and high-performance tech.