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The Decoder

The AI industry's platform trap is starting to look a lot like Microsoft's OpenAI buys Ona to push Codex toward long-running, autonomous coding tasks Jeff Bezos' AI startup Prometheus closes $12 billion round at a $41 billion valuation Free Deezer tool lets users on any streaming service check their playlists for AI music OpenAI vs. Anthropic: A price war over API tokens is brewing Dario Amodei's new essay reads like a Cold War playbook for the AI age Claude Fable 5: Anthropic admits "wrong tradeoff" after invisibly throttling rival AI researchers Google's new open model DiffusionGemma generates text from noise instead of word by word OpenAI's IPO slips as Altman tells staff to expect a public offering "within the next year" Anthropic study shows AI needs hours, not weeks, to build exploits from security patches OpenAI wants its biggest data center yet, and Nvidia would back the bill Claude Fable 5: The first Mythos model is powerful, expensive, and heavily filtered Germany's National Security Council greenights an AI Safety Institute modeled after the UK's AISI Google's NotebookLM now runs its own cloud computer with code execution and agent-based research Anthropic releases Claude Fable 5 and Mythos 5 with major gains in coding and science Google's Gemini 3.5 Live Translate delivers real-time voice translation across 70+ languages SpaceX wants to put data centers in orbit, and Musk says it's no big deal Landmark German ruling declares Google's AI Overviews are Google's own words and makes it liable for false answers Beijing's $295 billion AI buildout would require 80 percent domestic chips, locking out US suppliers Apple Intelligence gets a second shot with help from Google and Nvidia OpenAI now says "entirely automating everything is not the future we want" OpenAI says going public is "a complicated set of tradeoffs" and is unsure about the timing Microsoft Research's Lens proves detailed captions matter more than raw scale for training efficient image generators Intel gets a second life as Google and Nvidia explore it as a TSMC backup for AI chips Most companies are flying blind on AI spending Frontier Radar #3: How agentic AI is turning tokens into a business metric Instagram AI chatbot breach may have affected over to 20,000 accounts, Meta discloses Microsoft tightens rules for conflict zones after investigation into Israel's military use of Azure Moonshot AI targets a $30 billion valuation, more than six times its late-2025 worth Deepseek topped Ramp's trending software vendors in June 2026 as US companies chase cheaper AI
Amazon, Nvidia, and AMD bet $310 million on AI startup bu...
Matthias Bastian · 2026-06-18 · via The Decoder

Amazon, Nvidia's and AMD's venture arms are investing $310 million in AI startup Odyssey ML, which builds world models that simulate the physical world in 3D. The round values Odyssey at $1.45 billion. Other backers include CIA-linked fund IQT, GV (formerly Google Ventures), Google chief scientist Jeff Dean, and investor Elad Gil.

Odyssey uses AWS as its preferred cloud provider and runs on Amazon's Trainium chips. Founders Oliver Cameron and Jeff Hawke come from autonomous vehicles. Cameron says the models understand physics, body language, and dynamics, things language models can't capture. The 55-person team works out of London, Zurich, and Palo Alto.

World models are the next big bet after pure language models. Instead of predicting text, they aim to simulate the physical world: physics, dynamics, and spatial relationships. Meta AI chief Yann LeCun has long argued language models alone won't reach human-level intelligence. Google Deepmind CEO Demis Hassabis sees them as a key step toward general AI, and AI pioneer Fei-Fei Li is pursuing the same idea at her startup World Labs.

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