Virtus Artificial Intelligence & Tech Opportunities Fd

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Nvidia has partnered with Ineffable Intelligence to develop reinforcement learning agents, focusing on hardware and software systems that enable AI models to learn through simulation. The collaboration will begin on Nvidia's Grace Blackwell platform and transition to the Vera Rubin design. Nvidia's shares rose by 1.1% during trading, with a current price of $223.14.

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Nvidia Collaborates With Ineffable Intelligence on Reinforcement Learning Technology

Valuetronics Holdings, a Singapore-listed electronics manufacturer, anticipates a significant decline in net profit for its 2026 financial year due to non-cash impairments related to its 26.6% stake in the struggling AI joint venture, Trio AI. The company will recognize provisions against its investment and has faced missed rental payments from Trio AI. Despite efforts to improve the venture's performance, including a new partner, Trio AI has not gained sufficient commercial traction. Valuetronics is finalizing its financial statements and will release results on May 28.

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Valuetronics warns of significant earnings slide on struggling AI joint venture

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Leni, an AI analytics platform for commercial real estate, has achieved top results on four AI benchmarks, outperforming major competitors like OpenAI and Google. It ranked first on the DRACO Benchmark for deep research and excelled in other tests, demonstrating its ability to handle complex tasks reliably. Leni's CEO emphasized the importance of architecture in AI adoption, highlighting that 99% of companies face financial losses due to AI risks. The platform aims to enhance efficiency in asset management by providing trusted, accurate data for decision-making.

- Leni, an AI-powered analytics platform for commercial real estate, announced top rankings on four independent AI benchmarks, achieving first place on the DRACO Benchmark and excelling in others like BullshitBench and GAIA.  
- The platform’s Universal Data Model creates a common language for multifamily real estate, enabling secure automation and reliable outputs without requiring in-house infrastructure.  
- Leni aims to address the gap between AI promise and reliability, as evidenced by significant financial losses among companies relying on less effective AI systems.

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10:31 ETLeni Tops Four Major AI Benchmarks, Outperforming Systems from OpenAI, Anthropic, Google, and Perplexity

GXAI

Elon Musk's AI model Grok is facing challenges as it lags behind competitors. A computing power leasing deal between SpaceX and Anthropic raises concerns about Grok's competitiveness. Despite attracting millions of users through integration with Musk's platform X, Grok's growth has stalled, with downloads dropping from over 20 million in January to 8.3 million in April. A survey shows only 0.174% of U.S. AI users are willing to pay for Grok, compared to over 6% for ChatGPT.

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Elon Musk's AI Model Grok Faces Challenges Amidst Competition

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Votee AI and Beever AI have launched Beever Atlas, an open-source LLM Knowledge Base designed for team chat applications like Telegram, Discord, and Slack. It offers two editions: an Apache 2.0 Open Source Edition for individuals and an Enterprise Edition for teams. Beever Atlas transforms chat into a structured knowledge graph and memory layer for AI assistants, addressing the issue of conversational knowledge loss in organizations. The product emphasizes structured knowledge over raw context and is set to integrate with tools like OpenClaw and Hermes Agent by Q2 2026.

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Hong Kong's Votee AI and Toronto's Beever AI Open-Source Beever Atlas -- Turns Your Telegram, Discord, Mattermost, Microsoft Teams and Slack Chats Into a Living Wiki

AIYY

xAI has recently launched Grok Connectors, a new feature that allows for seamless integration of popular apps such as Google Workspace, Notion, and GitHub with its AI chatbot. This integration aims to streamline workflows for users, providing a more efficient and cohesive experience. The feature offers a convenient way to connect different platforms, enhancing productivity and connectivity.

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Grok AI introduces Connectors for workflow integration, links to Google Workspace, Notion, and GitHub. Enhance productivity.

eSleuth, Inc. has appointed Julia A. Pierson, the former Director of the U.S. Secret Service, to its Advisory Board. Pierson brings extensive experience in law enforcement and technology, aiming to enhance AI-driven investigations. She emphasizes the need for law enforcement agencies to adopt technology to manage increasing data and case loads effectively. Her leadership is expected to support eSleuth's mission to improve crime-solving capabilities through advanced data analysis and machine learning.

- Julia A. Pierson has been appointed to the Advisory Board of eSleuth, Inc., bringing extensive operational and technology leadership experience to enhance AI-driven investigations.  
- Her background includes serving as the Director of the U.S. Secret Service, where she implemented crucial technology innovations and led improvements in agency operations.  
- Pierson's expertise aligns with eSleuth AI's mission to leverage technology for law enforcement, helping agencies solve violent crimes more efficiently.

12:54 ETeSleuth AI Appoints Former Secret Service Director Julia Pierson to Advisory Board

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Dario Amodei announced at Anthropic's developer conference that the company experienced an 80x growth in Q1 2026, surpassing its planned 10x growth. Anthropic's annualized revenue run rate has reached over $30 billion, with plans to raise $50 billion at a valuation exceeding $900 billion. The growth is driven by its AI coding assistant, Claude Code, which has gained over 1,000 enterprise customers. Anthropic also secured a deal with SpaceX for compute capacity, enhancing its infrastructure alongside agreements with Amazon and Google. An IPO is being considered for October 2026.

- Anthropic experienced an annualized growth of 80x in Q1 2026, surpassing its planned target of 10x, with a revenue run rate exceeding $30 billion.  
- The company has signed a significant deal with SpaceX to utilize their data center while maintaining partnerships with Amazon and Google for additional compute capacity.  
- Anthropic is reportedly preparing for an IPO as early as October 2026, with its valuation projected to surpass $900 billion, reflecting a substantial shift in its market position compared to OpenAI.

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Dario Amodei Reveals 80x Growth as Anthropic Secures SpaceX Data Center Deal

On Wednesday, xAI and Anthropic announced a partnership where Anthropic will buy all compute capacity at xAI's Colossus 1 data center, valued at billions. This move shifts xAI from a consumer to a compute provider, monetizing its data center capabilities. The partnership suggests xAI may prioritize building data centers over training AI models, contrasting with other tech giants like Google and Meta, who focus on using their resources for AI development. Musk's vision includes ambitious plans for space-based data centers and chip production, positioning xAI as a neocloud business.

- xAI and Anthropic have formed a partnership in which Anthropic acquires all compute capacity from xAI’s Colossus 1 data center, likely worth billions.  
- This deal allows xAI to pivot from consumer to compute provider, monetizing its accomplishments while linking Anthropic as a significant customer for potential future endeavors.  
- By focusing on data centers over model training, xAI is opting for a neocloud business model, which presents challenges but positions the company for a broader stake in the evolving AI landscape.

TechCrunch

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NVIDIA Corporation

Is xAI a neocloud now?

Virtus Artificial Intelligence & Tech Opportunities Fd(AIO.US)