A new AI startup called Ineffable Intelligence has raised $1.1 billion in seed funding, setting a record for the largest seed round ever. The company, founded by a former Google DeepMind researcher, launched publicly after a period of operating in stealth. Its post-funding valuation stands at $5.1 billion. The startup's stated goal is to pursue superintelligence, meaning AI systems that exceed human-level reasoning across most or all domains. Very little else about the company's technology, team size, or product roadmap has been disclosed. The size of this round reflects how much capital is now flowing into early-stage AI bets. Investors are writing enormous checks on vision alone, before revenue or even a working product is demonstrated publicly. A $1.1 billion seed round at a $5.1 billion valuation implies investors paid a steep price for a very early stake. Watch for more details on the founding team, lead investors, and what Ineffable Intelligence actually plans to build. The valuation and funding size will draw scrutiny as the broader AI sector faces questions about whether early-stage prices can be justified.
Apple has raised MacBook and iPad prices in India by 20% to 42%, citing a sharp surge in memory chip costs driven by AI data centre demand. Micron, the leading memory supplier, reported 86% gross margins, confirming that supply pressures have fundamentally shifted component pricing across the consumer electronics
India's central government will take a 1-2% stake in AI unicorn Sarvam once its $300 million funding round closes, converting compute subsidies provided under the IndiaAI Mission into equity. The move sets a precedent for how the government accounts for public support given to homegrown AI startups.
Apple announced iOS 27 at WWDC 2026, featuring a redesigned Siri as a standalone app with chat history, apps launching up to 30 percent faster, and a refined Liquid Glass interface. A developer preview is live now, with public release expected around September 2026.
Apple's WWDC 2026 keynote unveiled a fully redesigned Siri and confirmed iOS 27 alongside updates for iPadOS, visionOS, watchOS, and macOS. The Siri overhaul is the most strategically significant move, targeting a competitive gap with Google and Microsoft in AI assistants.
