What Drove $948M Into AI Chips Today? 💸🧠📈

TL;DR

• Chinese AI chipmaker pops 57%, raising $902M IPO
• AI SaaS health platform secures record Series A in South Australia
• Workflows startup lands seed to auto‑document with AI
• India’s budget channels Rs 1,000 crore into semiconductor mission

HEADLINES

Montage Technology shares surge 57% in AI-fueled Hong Kong IPO 📈🔗

Samsung backs 10 youth teams building AI accessibility tech 🤝🔗

Splose raises growth round to scale AI for allied health 🩺🔗

Fluency secures seed to automate enterprise work documentation with AI 📊🔗

Fractal Analytics lines up ₹2,833.9 crore AI IPO opening today 📈🔗

India Budget 2026 allocates Rs 1,000 crore to Semiconductor Mission 2.0 🏛️🔗

FROM THE BIG PLAYERS

Accel invested $8.55M seed in Fluency to scale AI work intelligence 🧠🔗

Spectrum Equity invested $46M in Splose for AI-powered allied health software 💊🔗

Samsung committed multi‑year funding to 10 youth AI teams via Solve for Tomorrow 🌍🔗

RAISES

Splose raised $46M in a Series A led by Spectrum Equity 📈🔗

Fluency raised $8.55M in a Seed round led by Accel 🧾🔗

Montage Technology raised $902M in a Hong Kong IPO to fuel AI chip growth 💹🔗

RAISING

Fractal Analytics is looking to raise ₹2,833.9 crore in an IPO for global enterprise AI expansion 📊🔗

American Drive Acquisition Company is opening separate trading of shares and warrants to target AI-focused acquisitions 📈🔗

Indus AI Week Startups are vying for equity-free PSF grants covering up to 30% of AI rounds 🚀🔗

NEW LAUNCHES

Samsung Solve for Tomorrow unveiled a new global AI ambassador cohort for accessibility and sports tech 🏅🔗

Talkie: Soulful AI released version 2.46.001 for Android on Uptodown 📱🔗

VideoGen 3.0 rolled out revamped AI video creation flow and mobile experience 🎬🔗

TRY THESE TOOLS

VideoGen generates marketing-ready videos from text prompts 🎞️🔗

PolyAI powers lifelike AI voice agents for customer service 📞🔗

BuildNextApp v1 surfaces validated high-MRR app ideas using AI 🧩🔗

21st Fund finds non-dilutive grants and credits for founders 💰🔗

METRICS

Montage Technology IPO jumped 57% on Hong Kong debut 📈🔗

Splose now processes 200,000+ AI outcomes per month for clinicians 📊🔗

VideoGen reached 441K monthly visits, up 6.1% 📺🔗

PolyAI traffic declined 9.7%, losing 19,062 visits 📉🔗

India semiconductor market projected to hit $100–110B by 2030 📐🔗

BENCHMARKS

Fractal Analytics IPO values GenAI analytics at ~79x FY25 P/E 📘🔗

PSF grants cover 10–30% of AI startup rounds as equity-free capital 📑🔗

India Semiconductor Mission 2.0 secured Rs 1,000 crore allocation for chips and AI 📊🔗

Indus AI Week offers 30 sponsored booths for AI startups nationwide 📍🔗

INFRA & COSTS

India Semiconductor Mission 2.0 targets 3nm–2nm nodes for advanced AI chips ⚙️🔗

Montage Technology joins wave of Chinese AI chip IPOs raising nearly $1B 💽🔗

Piyush Goyal flags India’s AI and data centre push needing high-end Nvidia chips 🔌🔗

VALUATIONS

Montage Technology trades around a $27B market cap post-IPO 🏷️🔗

Splose reportedly valued comfortably above $100M after Series A 💼🔗

Fractal Analytics IPO implies roughly ₹14,450 crore valuation at upper band 📊🔗

POLICY

India Union Budget 2026–27 launched Semiconductor Mission 2.0 with Rs 1,000 crore ⚖️🔗

Oman Legal Tech Summit 2026 convenes regulators on AI, RegTech and compliance automation 📚🔗

State of the Net 2026 returns as “More Than Meets The AI” policy conference 🏛️🔗

SOVEREIGN

India Semiconductor Mission 2.0 receives Rs 1,000 crore to localize advanced AI chips 🇮🇳🔗

Pakistan Science Foundation (PSF) offers $50K–$1M equity-free AI startup grants 🇵🇰🔗

Indus AI Week Summit gathers policymakers and investors on AI export strategy 🌐🔗

SECTORS

Healthcare deployed AI note-taking and reporting for allied health workflows 🩺🔗

Enterprise operations adopted AI-powered process documentation to map work and automation opportunities 🏢🔗

Youth and accessibility deployed AI wearables and smart bandages via Samsung ambassador teams 🦽🔗

Legal services explored AI-driven automation and RegTech at Oman Legal Tech Summit ⚖️🔗

COMMUNITY MEMBER SPOTLIGHT

Indus AI Week Organisers orchestrated equity-free funding and exposure for 30 AI startups 🌟🔗