Spanish AI Startup Magnific AI Attracts 400,000 Users in One and a Half Months with Only Two Employees


American software giant Microsoft plans to invest $2.1 billion over the next two years to expand its artificial intelligence and cloud infrastructure in Spain. This move comes after Microsoft's announcement of a €3.2 billion specialized investment in artificial intelligence in Germany. Microsoft has not yet responded with details regarding the investment in Spain. This investment plan will strengthen Microsoft's influence in the European AI sector and support Spain's digital transformation.
Spain has established Europe's first regulatory body for artificial intelligence, which will oversee algorithm applications, data usage, and ensure AI systems adhere to ethical standards. The work of AESIA will help build public trust in AI and ensure it serves the common good of society.
Modular has raised a total of $130 million, with $100 million secured in this round. Modular aims to simplify AI deployment with products like its modular AI runtime engine. The company has also developed the AI programming language Mojo, designed to address the limitations of Python in large-scale AI.
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