Daily Summary

InstaLILY & Adapter Raise $78M to Supercharge AI Agents

Venture capital is pouring into the next wave of AI automation, with InstaLILY securing $60M to build autonomous sales agents and Adapter raising $17.8M to provide the essential data infrastructure for AI apps.

• InstaLILY, which develops AI agents to automate sales, operations, and service workflows, raised a $60M Series B led by Energize Capital
• Adapter, which offers an infrastructure layer to help users leverage and control data for use by AI agents and apps, emerges from stealth with $17.8M in funding

OpenAI Unveils $2B Drug Startup & First Humanlike AI Companion Device

OpenAI is expanding its footprint beyond chatbots, with a researcher launching a $2B drug discovery venture and the company preparing to release its first screen-free, mobile AI companion device.

• OpenAI researcher Miles Wang in talks to launch AI drug discovery startup valued at $2B
• Sources: OpenAI's first device will be a moveable, screen-free smart speaker with a camera and sensors, meant to serve as a humanlike AI companion

JPMorgan & BBVA Lead Banking Revolution with AI Efficiency & Insights

Major financial institutions are reaping the rewards of AI adoption, with JPMorgan reporting significant departmental job reductions due to automation and BBVA deploying AI to deeply analyze customer experiences.

• Jamie Dimon says JPMorgan has slashed 40% of jobs in some departments, thanks to AI
• BBVA taps AI to measure customer experience