Yann LeCun's AMI Labs Secures $1.03 Billion Funding
Yann LeCun's AI startup, AMI Labs, has raised $1.03 billion in funding, achieving Europe's largest seed round at a pre-money valuation of $3.5 billion. The round was co-led by Cathay Innovation, Greycroft, and Bezos Expeditions, with participation from notable investors including Nvidia and Eric Schmidt. AMI Labs aims to develop 'world models' that learn from real-world data, contrasting with current generative AI approaches, and plans to focus on applications in healthcare, starting with a partnership with digital health startup Nabla.
TSMC Reports 30% Revenue Increase Amid AI Demand
Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 30% increase in revenue for the first two months of this year, totaling NT$718.9 billion (approximately US$22.6 billion), driven by strong global demand for AI hardware. However, revenue growth in February slowed to 22% due to seasonal disruptions from the Lunar New Year, and analysts had expected a 33% growth for the first quarter overall. Market attention is now focused on the potential impact of geopolitical tensions in the Middle East on data center investment.
Apple Boosts iPhone Production in India by 53%
Apple Inc. has increased its iPhone production in India by approximately 53% over the past year, now manufacturing about 25% of its devices in the country. In 2025, the company assembled around 55 million iPhones in India, up from 36 million the previous year, as part of a strategy to mitigate tariffs on products made in China. This expansion has been supported by Indian Prime Minister Narendra Modi's Production-Linked Incentive policy, aimed at transforming India into a global manufacturing hub.
Tata Motors launches $7000 electric vehicle in India
Tata Motors has launched a $7,000 electric vehicle in India, capitalizing on protectionist policies that favor local manufacturers in the Asian electric vehicle market. In February 2026, the company reported total passenger vehicle sales of 62,329 units, a 34.22% increase from 46,437 units sold in February 2025, driven by strong demand for its Nexon and Punch SUVs.
Trump Brothers Invest in Ukrainian Drone Startup Powerus
Eric Trump and Donald Trump Jr. have invested in the startup Powerus, which aims to acquire Ukrainian drone technology for production in the United States. The company plans to go public on NASDAQ through a reverse merger with Aureus Greenway Holdings, which is currently involved in the golf industry. Powerus, co-founded by U.S. Special Operations Forces veteran Brett Velicovich, is negotiating with Ukrainian developers to either acquire their enterprises or license their technologies, focusing on drones capable of carrying loads up to 450 kg.
Abu Dhabi's Judan acquires stake in Alpha Wave Global
Abu Dhabi's Judan, a newly established financial-services holding company with $237 billion in assets, is acquiring a 50.1% stake in Alpha Wave Global, a US-based investment manager that invests in prominent artificial intelligence firms including SpaceX, Anthropic, and OpenAI. This marks Judan's first investment since its launch in February 2026, as it aims to accelerate the development of Alpha Wave's AI-native life insurance business.
Live Nation settles antitrust case with Justice Department
Live Nation has reached a tentative settlement with the Justice Department to resolve an antitrust case, allowing the company to avoid a breakup despite opposition from several states. As part of the agreement, Live Nation will divest 13 exclusive booking agreements with amphitheaters and will allow venues to enter non-exclusive agreements, promoting competition in the ticketing market. This settlement follows a civil antitrust suit initiated in 2024, which alleged that Live Nation's practices harmed fans, artists, and smaller promoters.
Rio Tinto Negotiates Terms with Mongolian Government
Rio Tinto is in active negotiations with the Mongolian government to address terms related to the Oyu Tolgoi copper mine, one of the largest copper-gold mines globally. The Mongolian government, which holds a 34% stake through state-owned Erdenes Mongol LLC, is seeking to renegotiate a loan used to fund its share of the project, aiming to reduce the interest rate and lower the annual management fee paid to Rio Tinto.
