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Nvidia Commits $26 B to Open-Weight AI Model Development

Nvidia Commits $26 B to Open-Weight AI Model Development Wired AI
Nvidia announced a $26 billion investment over the next five years to create open-weight artificial‑intelligence models, marking a shift from pure chip manufacturing to a broader AI research role. The company unveiled Nemotron 3 Super, its most capable open‑weight model to date, featuring 128 billion parameters and claiming top performance on several benchmarks. Executives highlighted the strategic aim of fostering an ecosystem that leverages Nvidia’s hardware while offering publicly available model weights for startups and researchers. Industry observers see the move as a significant signal of Nvidia’s commitment to openness and a potential counterbalance to Chinese open‑source AI efforts. Read more →

Legal AI Platform Legora Secures $550 Million Funding, Valued at $5.55 Billion

Legal AI Platform Legora Secures $550 Million Funding, Valued at $5.55 Billion The Next Web
Legora, the Stockholm‑born AI platform for legal work (formerly Leya), announced a $550 million Series D round led by Accel that lifts its valuation to $5.55 billion. The round brings a mix of new and existing investors, including Alkeon Capital, Bain Capital, Firstmark Capital, Menlo Ventures, Sands Capital, Starwood Capital, Salesforce Ventures, Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Redpoint Ventures and Y Combinator. Proceeds will fund rapid U.S. expansion, new offices and scaling of its document‑review, research and contract‑drafting tools, which already serve 800 customers across more than 50 markets. Read more →