AIFundingStartups

Lithuanian AI Platform Secures €30M to Tackle Enterprise Adoption Hurdles and Shadow AI Risks

Vilnius-based nexos.ai has closed a €30 million Series A round co-led by Evantic Capital and Index Ventures. The all-in-one AI platform aims to solve critical enterprise adoption barriers including security vulnerabilities, uncontrolled costs, and governance gaps that plague organizations implementing AI solutions.

Major Funding for European AI Infrastructure

Lithuanian startup nexos.ai has reportedly secured €30 million in Series A funding to accelerate enterprise AI adoption while addressing what sources describe as the growing “Shadow AI” challenge within organizations. According to reports, the Vilnius-based company aims to remove critical blockers preventing large-scale AI implementation across enterprises.

AIBusinessSemiconductors

NVIDIA CEO Jensen Huang Reportedly Intervened to Salvage OpenAI Partnership Amid Google Chip Competition

NVIDIA CEO Jensen Huang personally intervened to rescue a stalled partnership with OpenAI after reports surfaced that the AI firm was exploring Google’s TPU chips. The $100 billion deal represents one of NVIDIA’s largest strategic moves to maintain dominance in the AI hardware market, according to industry analysts.

High-Stakes Negotiations

NVIDIA CEO Jensen Huang reportedly scrambled to salvage a major partnership with OpenAI this summer after learning the artificial intelligence giant was considering using Google’s custom tensor processing units (TPUs), according to a Wall Street Journal report. Sources familiar with the matter indicate the potential defection prompted Huang’s direct intervention to secure what has become one of NVIDIA’s most significant AI partnerships to date.