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- š°OpenAI Nears $40B Megadeal
š°OpenAI Nears $40B Megadeal
PLUS: Google Search Can Now Plan Your Vacation āļø

Welcome, AI Enthusiasts!
Todayās AI Insights:
OpenAI nears $40B megadealābiggest AI raise ever
Nvidia in talks to acquire Lepton AI
Google rolls out new vacation-planning features
Manus creator eyes $500M valuation
Alibaba unveils Qwen2.5-VL-32B multimodal model
How to create high-quality product photos with AI
AI tool of the day
Latest AI and tech news
Read Time: 3 mintue
LATEST AI NEWS
OPENAI

OpenAI is reportedly close to finalizing a $40 billion funding round led by SoftBank ā a deal that would mark the largest private investment in AI history and double the companyās valuation in under a year.
The Details:
SoftBank to lead with $7.5B initially, followed by a $22.5B commitment later this year
Syndicate of investors ā including Magnetar Capital, Coatue, Founders Fund, and Altimeter ā to add another $10B
Magnetar may invest up to $1B; OpenAI would hit a $300B valuation, up from $157B in Oct 2023
The capital will fuel research, expand GPT-4o capabilities, and help OpenAI stay ahead of rivals like Anthropic and xAI
Why it matters:
This would not only cement OpenAI as the undisputed AI frontrunner ā it could also strengthen its expansion in Asia via SoftBankās global reach. For the AI race, itās a major power moveā¦ and a massive war chest.
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NVIDIA

Image source: Getty Images
Nvidia is reportedly in advanced talks to acquire Lepton AI, a startup that rents out servers powered by Nvidiaās own AI chips ā signaling a deeper push into the server rental and infrastructure space.
The Details:
The acquisition deal is reportedly valued at several hundred million dollars
Lepton AI, founded in 2022, raised $11M in a seed round from CRV and Fusion Fund
The company offers server rentals using Nvidia hardware ā the same tech in high demand for AI model training
This follows Nvidiaās reported acquisition of synthetic data startup Gretel just last week
Why it matters:
This move could give Nvidia more control over the AI infrastructure stack ā from chips to servers ā and sharpen its edge in a market increasingly dominated by startups like Together AI. With AI demand skyrocketing, Nvidia isnāt just selling the shovels ā itās now getting into the gold rush itself.

Image source: Google
Google is rolling out new AI features to help you plan your summer trips directly from Search, Maps, and Gemini ā and it might just replace your travel agent.
The Details:
AI Overviews in Search now generate custom itineraries when you ask things like āplan a nature trip in Costa Rica,ā with photos, maps, and export to Docs, Gmail, or Google Maps.
Geminiās Gems feature, now free for all users, lets you create a personal AI travel planner that suggests destinations and packing lists.
You can now track hotel prices ā not just flights ā with filters like star rating or beach access. Alerts are sent via email if prices drop.
Google Maps on iOS can now scan your camera roll for vacation-related screenshots and pin the places to your map for easier planning (coming soon to Android).
Why it matters:
Google is turning its ecosystem into a one-stop travel assistant. With AI itinerary builders, smart hotel tracking, and visual planning via Maps, itās positioning itself as the go-to trip planner ā just as more users look to AI for travel help.
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AI & TECH NEWS
OpenAI temporarily limited image generation in ChatGPT as GPU demand spiked, with Sam Altman joking their āGPUs are melting.ā Free users will soon be capped at 3 images/day, underscoring the strain generative AI places on infrastructure amid rapid user growth.
Chinese startup Butterfly Effect, creator of viral AI agent Manus, is seeking a $500M valuationā5x its lastāas it courts U.S. investors. With 2.6M+ on the waitlist, it hopes new funding will ease infrastructure costs and support global expansion.
Alibaba released Qwen2.5-VL-32B, a multimodal AI that beats larger models in benchmarks, handling images and math tasks with ease. Itās open-sourced on Hugging Face and live on Qwen Chat, showing strong reasoning and human-like conversation skills.
Oracle has unveiled AI Agent Studio at CloudWorld Londonāa free platform to build and manage custom AI agents. It offers pre-built templates, multi-agent orchestration, and smooth integration with Oracle Fusion apps and third-party tools, aiming to simplify enterprise AI adoption.
A U.S. judge allowed The New York Times to proceed with its lawsuit against OpenAI over alleged unauthorized use of its articles to train ChatGPT. While some claims were narrowed, key copyright issues remaināpotentially setting major precedents for AI and fair use.
AI TUTORIAL
insMind is a free AI-powered photo editor designed to enhance product photos by quickly removing backgrounds, erasing unwanted objects, and generating new backgrounds.

Steps to follow:
Go to insMindās website.
Click on āStart from a photoā to upload the image you want to edit.
Use the āBackground Removerā tool to automatically remove the background from your image.
Apply additional features like āAI Backgroundā to generate realistic backgrounds, āMagic Eraserā to remove unwanted objects, or āAI Shadowsā to add realistic shadows.
Once satisfied with the edits, click the āDownloadā button to save your enhanced image.
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