Each week, Quartz rounds up product launches, updates, and funding news from startups and companies focused on artificial intelligence.

Here’s what’s happening in the ever-evolving AI industry this week.

Nvidia (NVDA) completed a $700 million acquisition of AI startup Run:ai this week. The deal will make Run:ai’s AI infrastructure software open source, said the startup, which focuses on optimizing GPU systems.

Run:ai’s software currently only supports Nvidia’s GPUs, but the software will be open source to be compatible with other AI hardware.

“GPUs and AI infrastructure will continue to be at the forefront of driving these transformative innovations, and joining NVIDIA provides us with an extraordinary opportunity to continue a shared mission of helping humanity tackle the world’s greatest challenges,” said the startup in a statement.

Samsung this week announced a $181 million stake in Rainbow Robotics, making it the robotics company’s largest shareholder. The partnership will advance the South Korea-based robotics company’s developments, including humanoid robots, and include it as a subsidiary in Samsung Electronics’ consolidated financial statements.

The two companies will also form a synergy council “to strengthen leadership in the global advanced robotics business, with the council intended to serve as a bridge to support the growth of both companies through the development of future robotics technologies and core business strategies, as well as market identification and assessment “promote demand,” Samsung said.

As part of the partnership, Samsung will use Rainbow Robotics’ robots for manufacturing and logistics automation.

KoBold Metals, which develops and uses AI models for mineral exploration, announced a $537 million Series C funding round this week, valuing the company at $2.96 billion. The funding round was co-led by Durable Capital Partners LP, a new investor, and two T. Rowe Price (TROW) funds.

The new funding would be used for growth and innovation, including expanding exploration for key minerals on five continents and cutting-edge research and development.

“KoBold’s mission is to expand and diversify the global supply of critical resources essential to prosperity, energy technology, AI and security,” KoBold CEO Kurt House said in a statement. “Partnering with this broad group of world-class investors will accelerate our progress.”

Swave Photonics, which focuses on holographic displays, this week announced a $28.27 million Series A funding round co-led by imec.xpand and SFPIM Relaunch.

The story continues