Chinese chipmaker SpacemiT, whose RISC-V-based K1 chip is used in industrial systems, robotics, edge computing, and AI devices, raised an ~$86M Series B (Bloomberg)

Bloomberg:
Chinese chipmaker SpacemiT, whose RISC-V-based K1 chip is used in industrial systems, robotics, edge computing, and AI devices, raised an ~$86M Series B  —  Chinese chip company SpacemiT raised more than 600 million yuan ($86 million) in a fresh funding round to speed up commercialization of its products and expand its business.

US Big Tech companies have been on an energy-related hiring spree; Workforce.AI says Microsoft has hired 570+ people with energy-related expertise since 2022 (Tasmin Lockwood/CNBC)

Tasmin Lockwood / CNBC:
US Big Tech companies have been on an energy-related hiring spree; Workforce.AI says Microsoft has hired 570+ people with energy-related expertise since 2022  —  Big Tech has been on an energy hiring spree.  —  Technology companies investing heavily in artificial intelligence are bolstering …

In South Korea's competition to develop an indigenous AI model, three of the five finalists used foreign open-source code, which they argue is practical (Jiyoung Sohn/Wall Street Journal)

Jiyoung Sohn / Wall Street Journal:
In South Korea's competition to develop an indigenous AI model, three of the five finalists used foreign open-source code, which they argue is practical  —  Korea's efforts show how hard it is to develop homegrown AI models and break a reliance on U.S. or Chinese tech giants

PJM, the nonprofit operator for a 13-state power grid across the US, expects 4.8% average annual power growth over the next decade driven by the AI boom (Wall Street Journal)

Wall Street Journal:
PJM, the nonprofit operator for a 13-state power grid across the US, expects 4.8% average annual power growth over the next decade driven by the AI boom  —  Increasing demand from tech industry threatens to max out generation capacity in 13-state region; rate increases anger consumers

The US House passes a bipartisan bill to expand US export controls to restrict Chinese companies' remote access to US AI chips from data centers outside China (Juro Osawa/The Information)

Juro Osawa / The Information:
The US House passes a bipartisan bill to expand US export controls to restrict Chinese companies' remote access to US AI chips from data centers outside China  —  The House of Representatives on Monday passed a bipartisan bill that expands U.S. export controls to restrict Chinese companies' ability …

Paris-based autonomous drone maker Harmattan AI raised a $200M Series B led by Dassault at a $1.4B valuation, and aims to produce 10K drones per month in 2026 (Mark Bergen/Bloomberg)

Mark Bergen / Bloomberg:
Paris-based autonomous drone maker Harmattan AI raised a $200M Series B led by Dassault at a $1.4B valuation, and aims to produce 10K drones per month in 2026  —  Dassault Aviation SA, developer of the Rafale fighter jet, led a $200 million investment into the relatively unknown drone company Harmattan AI …