Ollama raises $65M as local AI tool hits 9M users

PrismML, a Khosla Ventures-backed startup, claims to have compressed Alibaba's Qwen 3.6 large language model, which contains 27 billion parameters, to run on an iPhone 17 Pro. This represents the largest AI model ever deployed on a mobile device, surpassing typical mobile models that operate with only a few billion active parameters. The achievement addresses Apple's broader effort to run powerful AI locally on iPhones to reduce cloud computing costs and improve user privacy.

Nivalis Energy Europe has deployed a self-powered trailer retrofit kit in commercial testing with German operator Sommer, combining a 50-kilowatt electric axle with a 60-kilowatt-hour battery charged via regenerative braking, rooftop solar panels, and grid connections. The system projects savings of up to 7,000 liters of diesel annually per trailer, equivalent to 19 tonnes of CO2 reduction. Multiple companies across Europe and North America are now pursuing trailer electrification as a faster, more cost-effective alternative to replacing entire tractor units.

Blue Origin is raising $10 billion at a $130 billion valuation, marking the first time Jeff Bezos has brought outside capital into the space company after 25 years of sole funding from his Amazon fortune. The funding round represents a significant shift in the company's capital structure as it scales operations. The move signals confidence in Blue Origin's commercial trajectory and business model.

China is preparing to allow its top AI companies to purchase limited quantities of Nvidia's H200 chips, marking a shift in Beijing's protectionist stance toward domestic chipmakers. The move comes after U.S. President Donald Trump authorized Nvidia to ship H200 chips to approved Chinese customers in December, reversing prior export restrictions. China's approval would help address acute chip shortages driven by surging AI demand while maintaining some constraints on foreign chip access.