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_Welcome

Welcome to today’s edition of AI Business Weekly. From megabanks re-engineering their foundations with AI to governments funding grassroots innovation, today’s updates capture the scope of AI’s global momentum. We’re seeing transformative acquisitions, new funding rounds, national investments, and recognition of AI’s industry impact.

Let’s dive in.

FangDD Network Group Acquires $34.3M in AI Assets

FangDD Network Group (NASDAQ: DUO) has announced a US$34.32 million strategic acquisition of AI technology assets from a British Virgin Islands company. The agreement also includes potential earnout payments tied to revenue growth for 2025–2027, payable in Class A ordinary shares. The acquisition underscores FangDD’s commitment to expanding its AI-powered capabilities in real estate and related services.
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Expert.ai Named to 2025 InsurTech100 for AI Insurance Solutions

Expert.ai, a provider of enterprise AI solutions, has been recognized on the 2025 InsurTech100 list by FinTech Global. The accolade highlights Expert.ai’s innovation in applying artificial intelligence to enhance insurance processes and deliver measurable business value. This recognition solidifies the company’s position as a leader in AI-driven solutions for the insurance sector.
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JPMorgan Chase Unveils AI Megabank Blueprint

JPMorgan Chase, the world’s largest bank by market capitalization, is laying the groundwork to become the first fully AI-powered megabank. At a four-day executive retreat led by CEO Jamie Dimon, executives reviewed the bank’s AI roadmap, which includes deploying agentic AI to manage complex multistep tasks for employees. According to Chief Data Analytics Officer Derek Waldron, the bank is being “fundamentally rewired” to operate in the AI era.
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Canada Funds $600K in AI Projects in Sudbury

The federal government of Canada has announced nearly $600,000 in funding for three AI and technology initiatives in Sudbury, Ontario. Sudbury MP Viviane Lapointe made the announcement at the NORCAT Centre, emphasizing the government’s commitment to fostering innovation and supporting regional tech ecosystems.
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DOO Raises $1.7M to Accelerate AI Adoption

Saudi Arabia–based DOO, an AI-powered customer experience platform, has secured $1.7 million in funding. The round was led by Merak Capital with participation from Plus VC and other regional investors. The funds will be used to deepen AI adoption across the platform and expand its footprint in customer engagement solutions..
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📢 AI’s Expanding Reach Across Finance, Insurance, and Regional Growth

From JPMorgan Chase’s blueprint for an AI-powered megabank to Canada’s investment in local AI projects, today’s stories highlight how AI is reshaping industries at both global and community levels. With companies like FangDD and DOO making bold AI investments and Expert.ai earning global recognition, the technology’s momentum continues to accelerate across diverse domains.