_Welcome

Welcome to today’s edition of AI Business Weekly. The AI sector continues to surge with billion-dollar valuations, new labs, and funding momentum across climate tech, biotech, and developer platforms. While code-generation and molecular AI emerge as hot verticals, governments and incumbents alike are investing in infrastructure to stay competitive.

Let’s dive in.

CuspAI lands $100M to build the AI ‘search engine for molecules

UK-based CuspAI has raised $100 million to accelerate its platform that applies AI to materials discovery. Branded as the “search engine for molecules,” the company is targeting breakthroughs in carbon capture and sustainable materials — an urgent frontier in the fight against climate change.

By dramatically reducing the time it takes to test new compounds, CuspAI aims to modernize materials science and help scale technologies critical for climate solutions.
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Astromech secures $30M in stealth AI venture

Astromech, a new AI startup co-founded by Ben Lamm (Colossal Biosciences) and Harvard geneticist George Church, has raised $30 million, according to SEC filings.

Operating largely in stealth, details on the company’s technology remain limited, but the backing of high-profile founders signals strong investor interest in novel biotech-AI applications.
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Replit raises $250M, valuation climbs to $3B

San Francisco–based developer platform Replit has closed a $250 million round at a $3 billion valuation, continuing investor enthusiasm for AI tools that support code generation.

Replit’s platform empowers both developers and non-technical teams to build software with AI assistance, highlighting growing demand for accessible, AI-driven coding tools.
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South Korea looks to Canadian energy to fuel AI

The Lee Jae Myung government in South Korea has unveiled a strategy linking AI and clean energy as dual pillars of economic revitalization. Canadian energy imports are set to play a role in powering the country’s compute-heavy AI ambitions, underlining how geopolitics and resource security now intersect with AI policy.
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Equifax launches International AI Innovation Lab in Ireland

Equifax has opened a new AI Innovation Lab in Wexford, Ireland, expanding its global network of more than 1,200 data and analytics professionals.

The facility underscores how incumbents are ramping up in-house AI research capacity, aiming to embed AI deeper into financial services infrastructure and security operations.
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📢 AI Funding and Market Trends

Today’s edition underscores the diversity of AI momentum: billion-dollar valuations in developer tools like Replit, climate-focused bets on CuspAI, and stealth biotech plays such as Astromech. Meanwhile, national strategies in South Korea and corporate labs like Equifax’s illustrate the institutional push to integrate AI globally.

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