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Venture Capital & Startup Funding Roundup, June 18, 2026

It’s Thursday, June 18, 2026, and the clearest signal from today’s funding tape is not that venture investors are spending widely. It is that they are concentrating capital around a narrow set of problems that look hard to commoditize: sovereign […]

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Meta strikes new 1.6-gigawatt AI computing deal with data center startup Crusoe

The AI race has reached a point where success is measured in gigawatts. Meta has signed new agreements with AI infrastructure startup Crusoe that will give the company access to roughly 1.6 gigawatts of computing capacity across two data centers […]

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Manus original investors seek to buy back AI startup from Meta for $2 billion as revenue nears $500 million

Meta’s $2 billion acquisition of AI startup Manus may be heading for an unusual reversal. The early investors who backed Manus before its sale to Meta are now exploring a plan to buy the company back at the same $2 […]

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‘xAI Is a Failure’: AI Godfather Warns of Trouble for Musk’s AI Startup and a Bigger AI Bubble

Since its launch three years ago, Elon Musk has pitched xAI as a challenger to OpenAI, Anthropic, and Google in the race to build the most advanced artificial intelligence systems. One of the field’s most influential researchers is not convinced. […]

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Venture Capital & Startup Funding Roundup, June 17, 2026

It’s Wednesday, June 17, 2026, and venture capital is increasingly shifting away from consumer-facing AI applications toward the infrastructure layers that power them. Today’s funding activity was concentrated in AI deployment infrastructure, regulated financial systems, cybersecurity, enterprise automation, and biotech […]

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Jeff Bezos backs AI materials startup CuspAI in $400M round at $2.6 billion valuation

CuspAI, a UK startup using artificial intelligence to discover new materials, is reportedly raising $400 million in funding at a $2.6 billion valuation, according to the Financial Times. The round includes participation from Jeff Bezos’ family office, Bezos Expeditions, and […]

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Z.ai’s open-source GLM-5.2 beats GPT-5.5 on coding benchmarks at one-sixth the cost

The 753-billion-parameter model outperformed GPT-5.5 on several software engineering benchmarks, offers a 1-million-token context window, and is available under an unrestricted MIT license. Since ChatGPT’s launch in November 2022, the AI industry’s most capable models have largely come from a […]

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Allbirds rebrands as Smartbird, names Nvidia-linked AI executive as CEO after AI pivot

What happens when a struggling shoe company decides it wants to become an AI infrastructure business? Investors are about to find out. Just two months after abandoning its footwear identity in favor of artificial intelligence, Allbirds announced Wednesday that it […]

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KLIPY raises $3.8 million, joins Google’s AI Futures Fund to build the AI-powered expression layer

Text is no longer the dominant language of the internet. Memes, GIFs, stickers, and short video clips have become a primary way people communicate online, especially among younger users. AI is pouring fuel on that trend, turning millions of consumers […]

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Odyssey raises $310 million at $1.45 billion valuation to build AI that simulates the real world

Odyssey, a startup building what researchers call “world models,” announced Wednesday that it has raised $310 million in Series B funding at a $1.45 billion valuation. The round was led by Natural Capital and included participation from Amazon, AMD Ventures, […]

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Venture Capital & Startup Funding Roundup, June 16, 2026

It’s Tuesday, June 16, 2026, and venture capital investors are sending a clear message: the race to build the infrastructure behind the AI economy is far from over. Capital did not fan out evenly today. It clustered around three ideas: […]

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AI is now the default for Saudi consumers, says Deloitte

Saudi Arabia has reached a defining moment in its digital evolution, according to Deloitte’s Digital Consumer Trends 2026 Report—KSA Edition, with generative AI rapidly shifting from a curiosity to an everyday utility, reshaping how people search, work, and make decisions.

Based on a nationally representative survey of 1,000 consumers aged 18–50, the report captures a market moving at pace: more connected, more digitally fluent, and increasingly intentional in how it engages with technology.

At the center of this shift is the rapid rise of generative AI. As highlighted by the report, two-thirds of consumers in Saudi Arabia (66%) now actively use AI tools. This represents a 17-percentage-point increase from 49% last year, signaling a clear tipping point: what was once experimental is now embedded and used habitually.

From experimentation to everyday habit
Nowhere is this more visible than in the workplace. AI usage for work-related tasks has climbed to 45%, with consumers increasingly turning to it as a starting point for productivity. The most common use cases, searching for information (51%), generating ideas (44%), and language translation (42%), highlight a fundamental behavioral shift, with AI becoming the first step in how people access knowledge and solve problems.

While adoption is accelerating, maturity is still catching up. Much of this usage remains informal, with consumers relying heavily on free tools and limited organizational support. At the same time, more advanced use cases such as content creation and coding have stabilized, suggesting a move toward more practical, outcome-driven applications rather than experimentation for its own sake.

A more conscious digital consumer emerges
Alongside this surge in adoption, a more discerning and self-aware digital consumer is beginning to take shape, particularly when it comes to social media and online safety.

In Saudi Arabia, 41% of consumers believe social media access should be restricted to those aged 16 and above, reflecting growing concern around the impact of digital platforms on younger users. In a notable shift, Gen Z is leading this conversation, with 66% supporting stricter controls, challenging long-held assumptions about younger generations’ attitudes toward unrestricted digital access.

The trend also signals a broader recalibration. As digital engagement deepens, so too does scrutiny around its impact. Issues such as online harm, misinformation, and digital wellbeing are no longer peripheral; they are becoming central to how consumers evaluate their digital environments.

Connectivity becomes a non-negotiable
As digital behaviors evolve, so do expectations around the infrastructure that supports them. The report highlights a strong shift toward performance-led connectivity, with 65% of consumers bundling services with their broadband.

Unlike markets where entertainment drives bundling, Saudi consumers are prioritizing reliability and network performance. The most common additions, which are Wi-Fi boosters (29%), landline services (21%), and mobile connections (15%), point to a clear trend that connectivity has become a critical foundation for daily life.

From remote work to streaming and smart devices, the demand for seamless, high-quality digital experiences is reshaping how consumers choose and value their service providers.

A market at an inflection point
Taken together, the findings point to a market at an inflection point. Saudi consumers are not just adopting technology, they are integrating it and redefining its role in their lives.

The rise of AI, the growing focus on digital wellbeing, and performance expectations on connectivity all signal a more mature, intentional digital ecosystem, where expectations are rising as quickly as adoption.

Emmanuel Durou, Partner and Technology, Media & Telecommunications Leader at Deloitte Middle East,said: “Saudi Arabia is entering a new phase of digital adoption that is defined not just by scale, but by depth and intent. The speed at which generative AI has moved into everyday use is striking, and it is fundamentally changing how consumers interact with technology across both personal and professional contexts.

At the same time, we are seeing a more balanced and thoughtful approach to digital engagement emerge. Consumers are embracing innovation, but they are also more aware of its implications, particularly when it comes to online safety and wellbeing.

For organizations, this presents a clear opportunity. Success will depend not only on how quickly they innovate, but on how effectively they build trust, deliver value, and respond to a more informed and discerning consumer.”

The 2026 Digital Consumer Trends Report—KSA Edition highlights the pace and direction of change across Saudi Arabia’s digital landscape. As AI becomes embedded, expectations rise, and behaviors shift. Organizations must adapt quickly, placing equal emphasis on innovation, trust, and meaningful engagement.

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