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Exclusive: Ankar, which uses AI to streamline patent filing, secures $20 million Series A funding

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Two former Palantir employees hoping to use AI to transform the process for filing and managing patents have secured $20 million in investment for their London-based startup, Ankar.

The Series A funding round for Ankar was led by venture capital firm Atomico, with participation from Index Ventures, Norrsken, and Daphni. The company had announced a £3 million ($4 million) seed round in May that was led by Index, with support from Daphni and Motier Ventures.

Ankar was founded by Tamar Gomez and Wiem Gharbi in 2024. The pair met while working at Palantir, where they both encountered the time-consuming process of trying to obtain patents for new technology. Gomez, who has a business background, worked as a development strategist for Palantir, while Gharbi, who is a data scientist by training, worked on machine learning applications. They took the name Ankar for their new company from the name of an omniscient and powerful knight found in pre-Islamic poetry. 

“We are trying to turn IP that has been viewed as a cost center for a very long time into more of a strategic and competitive asset that we need today in a world that is becoming more and more competitive,” Gharbi, who is Ankar’s chief technology officer, told Fortune

The new funding for Ankar comes as intellectual property has become increasingly critical to corporate value. Intangible assets like IP now represent up to 90% of the value of S&P 500 companies, according to the World Intellectual Property Organization. Yet the systems for protecting those assets remain stubbornly outdated, according to Gomez and Gharbi, who say they witnessed how time-consuming and difficult it is to obtain a patent when they were working at Palantir.

“To go from something that’s in the head of the inventor—an innovation—to something that is a bankable asset that can be leveraged by the company in the form of a patent took years, basically,” Gomez, who is Ankar’s CEO, said. “The tools to do so were incredibly legacy or just non-existent. It was like a hodgepodge of manual processes.”

Patent attorneys can spend weeks searching multiple databases and reading patent filings to try to determine the extent to which, if any, prior patents might conflict with the new invention they were hoping to protect. Then it can take many more weeks to craft a patent application with the right arguments to try to overcome any objections from patent examiners. Securing a patent can take up to 24 months.

Ankar wants to use large language models to streamline that process. Because these models can search for phrasing that has the same meaning, even if it doesn’t use the exact same keywords, they can quickly surface patent filings from databases that previously would have taken multiple searches and hours of reading to discover.

The startup’s invention discovery tool searches across 150 million patent applications and 250 million scientific publications and produces reports assessing how “novel” an invention is and what claims have already been made by previously patented inventions that might be similar (what’s known in the patent world as “prior art.”) The platform helps inventors harvest their ideas and guides patent attorneys through drafting applications, including spotting gaps in existing patents where claims for a new invention might get the most traction. It also supports patent lawyers when they have to respond to possible challenges from patent examiners, giving them a single view of the entire history of the application process.

“Patent claims are basically the scope of protection for your invention—like, what are the most important pieces of my invention that I want to protect? [Ankar’s] tool can help suggest an initial set of claims and then help the patent attorney think through potential options for broadening these claims,” Gharbi said. “So it’s no longer about just helping you kind of generate words, because we think that the value of just generating words is going to decrease over time. It’s going to become more about like, how do I generate the best qualities of the scope of protection?”

The company has secured some notable early customers, including global cosmetics giant L’Oréal and global law firm Vorys. Ankar says that so far its customers have reported an average 40% boost in productivity, with hundreds of hours shifted to high-value strategic work.

Jean-Yves Legendre, competitive IP intelligence manager at L’Oréal, praised Ankar in a statement, saying that the startup “understood patents, spoke our language, and adapted to our needs.”

Many global companies, particularly in automotive, electronics, and R&D-heavy sector are redoubling efforts to protect their intellectual property, concerned that generative AI will make it easier for competitors to replicate product designs, architectures, and processes. At the same time, many companies are eager to record and protect their IP because they want to use it to train or fine-tune their own AI models to help boost productivity.

Ankar plans to use the new funding to double its current 20-person headcount and expand its engineering, product, design, and go-to-market teams across Europe and the U.S.



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Nicki Minaj calls Trump and Vance ‘role models’ for young men at Turning Point USA event

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The rap star was interviewed at Turning Point USA’s AmericaFest convention by Erika Kirk, the widow of Charlie Kirk, about her newly found support for Trump — someone she had condemned in the past — and about her actions denouncing violence against Christians in Nigeria.

The female rapper’s recent alignment with the Make America Great Again movement has caught some interest because of her past criticism of Trump even when the artist’s own political ideology had been difficult to pin down. But her appearance Sunday at the flagship event for the powerful conservative youth organization may shore up her status as a MAGA acolyte.

Minaj mocked California Gov. Gavin Newsom, referring to him as New-scum, a nickname Trump gave him. Newsom, a Democrat, has 2028 prospects. Minaj expressed admiration for the Republican president and Vance, who received an endorsement from Erika Kirk despite the fact he has not said whether he will run for president. Kirk took over as leader of Turning Point.

“This administration is full of people with heart and soul, and they make me proud of them. Our vice president, he makes me … well, I love both of them,” Minaj said. “Both of them have a very uncanny ability to be someone that you relate to.”

Minaj’s appearance included an awkward moment when, in an attempt to praise Vance’s political skills, she described him as an “assassin.”

She paused, seemingly regretting her word choice, and after Kirk appeared to wipe a tear from one of her eyes, the artist put her hand over her mouth while the crowd murmured.

“If the internet wants to clip it, who cares? I love this woman,” said Erika Kirk, who became a widow when Charlie Kirk was assassinated in September.

Last month, the rapper shared a message posted by Trump on his Truth Social network about potential actions to sanction Nigeria saying the government is failing to rein in the persecution of Christians in the West African country. Experts and residents say the violence that has long plagued Nigeria isn’t so simply explained.

“Reading this made me feel a deep sense of gratitude. We live in a country where we can freely worship God,” Minaj shared on X. She was then invited to speak at a panel at the U.S. mission to the United Nations along with U.S. Ambassador Mike Waltz and faith leaders.

Minaj said she was tired of being “pushed around,” and she said that speaking your mind with different ideas is controversial because “people are no longer using their minds.” Kirk thanked Minaj for being “courageous,” despite the backlash she is receiving from the entertainment industry for expressing support for Trump.

“I didn’t notice,” Minaj said. “We don’t even think about them.” Kirk then said “we don’t have time to. We’re too busy building, right?”

“We’re the cool kids,” Minaj said.

The Trinidadian-born rapper is best known for her hits “Super Freaky Girl,” “Anaconda” and “Starships.” She has been nominated for 12 Grammy Awards over the course of her career.

In 2018, Minaj was one of several celebrities condemning Trump’s zero-tolerance immigration policy that split more than 5,000 children from their families at the Mexico border. Back then, she shared her own story of arriving to the country at 5 years old, describing herself as an “illegal immigrant.”

“This is so scary to me. Please stop this. Can you try to imagine the terror & panic these kids feel right now?” she posted then on Instagram.

On Sunday on stage with Erika Kirk, Minaj said, “it’s OK to change your mind.”



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OpenAI sees better margins on business sales, report says

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OpenAI has squeezed better margins out of its paid products this year, as it races to maintain its pole position in artificial intelligence, according to a report in The Information. 

The publication reported that the company improved its “compute margin,” an internal figure measuring the share of revenue after the costs of running models for paying users of its corporate and consumer products. As of October, OpenAI’s compute margins reached 70%, up from 52% at the end of 2024 and double the rate in January 2024, the publication said, citing a person familiar with the figures.  

An OpenAI spokesperson said the company didn’t release the figures and declined to comment further.

Read More: OpenAI Executives Struggle to Combat AI Spending Concerns

The ChatGPT creator set off the modern AI boom, but it has yet to show a profit, one of the main indicators for investors concerned about a bubble in the industry. Last valued at $500 billion in October, OpenAI has been searching for ways to make money to cover its high computing costs and audacious infrastructure plans. 

At the same time, the company is facing intense pressure over its spending and renewed competition. After the Gemini model from Alphabet Inc.’s Google performed better on benchmarks, OpenAI Chief Executive Officer Sam Altman called a “code red” to redirect internal resources to improve ChatGPT, and delayed progress on plans for an advertising service. 

Most people use ChatGPT’s free version. However, the company is pushing its business version and paid software features for industries like financial services and education, where it competes with Google and rival Anthropic.

The Information reported that OpenAI has better compute margins than Anthropic for paid accounts, but that Anthropic has better efficiency on server spending overall.  

OpenAI is also in early talks to raise at least $10 billion from Amazon.com Inc. and use its chips, in a deal that could value Altman’s company at north of $500 billion.

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James Cameron’s 3rd ‘Avatar’ opens big, but coming weeks will decide if parts 4 and 5 are made

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“Avatar: Fire and Ash” opened with $345 million in worldwide sales, according to studio estimates Sunday, notching the second-best global debut of the year and potentially putting James Cameron on course to set yet more blockbuster records.

Sixteen years into the “Avatar” saga, Pandora is still abundant in box-office riches. “Fire and Ash,” the third film in Cameron’s science-fiction franchise, launched with $88 million domestically and $257 million internationally. The only film to open bigger in 2025 was “Zootopia 2” ($497.2 million over three days). In the coming weeks, “Fire and Ash” will have the significant benefit of the highly lucrative holiday moviegoing corridor.

But there was a tad less fanfare to this “Avatar” film, coming three years after “Avatar: The Way of Water.” That film launched in 2022 with a massive $435 million globally and $134 million in North America. Domestically, “Fire and Ash” fell a hefty 35% from the previous installment. Reviews for “Fire and Ash” were also more mixed, scoring a series-low 68% “fresh” score on Rotten Tomatoes.

Yet those quibbles are only a product of the lofty standards of “Avatar.” The first two films rank as two of the three biggest box-office films of all time. To reach those heights, the “Avatar” films have depended on legs more than huge openings.

“Avatar” (2009), opened with $77 million domestically but held the top spot for seven weeks. It ultimately grossed $2.92 billion worldwide. “The Way of Water” also held strong to eventually tally $2.3 billion globally.

“The openings are not what the ‘Avatar’ movies are about,” said David A. Gross, a film consultant who publishes a newsletter on box office numbers. “It’s what they do after they open that made them the no. 2 and no. 3 biggest films of all time.”

For “Fire and Ash” to follow in those footsteps, it will need robust ticket sales to continue for weeks. Working in its favor so far: strong word-of-mouth. Audiences gave it an “A” CinemaScore.

In interviews, Cameron has repeatedly said “Fire and Ash” needs to perform well for there to be subsequent “Avatar” films. (Four and five are already written but not greenlit.) These are exceptionally expensive movies to make. With a production budget of at least $400 million, “Fire and Ash” is one of the costliest movies ever made.

“James Cameron is not known for his low budget movies,” said Paul Dergarabedian, senior media analyst for Comscore. “You can’t exactly create the world of Pandora on the cheap. If you’re going to have a 3D movie, an epic film that’s three hours and 17 minutes, it’s a huge buy-in of money, time, resources, and then you have to hope the audience wants to once again go along on that ride.”

“Fire and Ash” was especially boosted by premium format showings, which accounted for 66% of its opening weekend. A narrow majority of moviegoers (56%) chose to watch it in 3D.

The “Avatar” films have always been especially popular overseas. “Fire and Ash” was strongest in China, where its $57.6 million opening weekend surpassed the two previous movies.

‘David’ overperforms and ‘Marty Supreme’ sets a record

“Fire and Ash” didn’t have the weekend entirely to itself. A trio of other new wide releases made it into theaters in hopes of offering some counterprogramming: Lionsgate’s “The Housemaid,” Angel Studios’ “David” and Paramount Pictures’ “The SpongeBob Movie: Search for SquarePants.”

In the race for second place, “David” came out on top. The animated tale of David and Goliath collected $22 million from 3,118 theaters, notching the best opening weekend for Angel Studios, the Christian-oriented studio that emerged with 2023’s surprise hit “Sound of Freedom.”

“The Housemaid,” Paul Feig’s twisty psychological thriller starring Sydney Sweeney and Amanda Seyfried, opened with $19 million 3,015 theaters. The Lionsgate release, which cost about $35 million to make, is set up well to be one of the top R-rated options in theaters over the holidays. Based on Freida McFadden’s bestselling novel, it stars Sweeney as a woman with a troubled past who becomes a live-in maid for a wealthy family.

Trailing the pack was “The SpongeBob Movie: Search for SquarePants,”which collected $16 million from 3,557 theaters. The G-rated film, based on the Nickelodeon TV series, is the first “SpongeBob” theatrical movie since 2015’s “The SpongeBob Movie: Sponge Out of Water.”

All of this weekend’s new films will hope the ticket sales keep rolling in over the upcoming Christmas break. Starting Dec. 25, they’ll need to contend with some new wide releases, including A24’s “Marty Supreme,” with Timothée Chalamet; Focus Features’ “Song Sung Blue,” with Hugh Jackman and Kate Hudson; and Sony’s “Anaconda,” with Jack Black and Paul Rudd.

Before expanding on Christmas, “Marty Supreme” opened in six theaters over the weekend, grossing $875,000 or $145,000 per theater. That was good enough for not only the best per-theater average of the year, but the best since 2016 and a new high mark for A24. The film, directed by Josh Safdie and starring Chalamet as an aspiring table tennis player in 1950s New York, is the most expensive ever for A24.

Top 10 movies by domestic box office

With final domestic figures being released Monday, this list factors in the estimated ticket sales for Friday through Sunday at U.S. and Canadian theaters, according to Comscore:

1. “Avatar: Fire and Ash,” $88 million.

2. “David,” $22 million.

3. “The Housemaid,” $19 million.

4. “The SpongeBob Movie: Search for SquarePants,” $16 million.

5. “Zootopia 2,” $14.5 million.

6. “Five Nights at Freddy’s 2,” $7.3 million.

7. “Wicked: For Good,” $4.3 million.

8. “Dhurandhar,” $2.5 million.

9. “Marty Supreme,” $875,000.

10. “Hamnet,” $850,000.



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