Berlin AI Startup Peec AI Hits 10 Million USD Annual Revenue Just 16 Months After Launch

Peec AI, a Berlin-based AI startup, has reached 10 million USD in annual recurring revenue (ARR) just 16 months after its product launch. The company offers an analysis platform for businesses and marketing teams to understand their visibility in AI search engines and response systems like ChatGPT.

London-based Orbital Industries Secures €43 Million Series B to Scale AI-Driven Industrial Hardware

Orbital Industries, a UK-based startup building industrial hardware from the atoms up using AI, has raised €43 million in Series B funding to scale its data centre products and develop its platform for industrial applications beyond data centres.

Chinese AI Startup MiniMax Pursues Major Speed Gains with Sparse Attention Mechanism for M3 Model

MiniMax, a Chinese AI company, is developing a new sparse attention mechanism for its upcoming M3 model, which yields up to 15.6 times faster decoding speed. The company has released a technical report on its M2 series of language models, which achieved top benchmarks in open source AI performance.