Nscale, the London AI-cloud company that owns its own power and data centres, has agreed to acquire Anyscale, the startup behind the widely used Ray software, for about $1.65bn. The deal, announced Th…
Moonshot AI has closed a $3.5 billion funding round at a $35 billion valuation, according to Bloomberg. The Beijing-based company's annual recurring revenue rose from $100 million in March to $300 mil…
Stack Infrastructure, the data-centre arm of private-credit giant Blue Owl, is seeking a loan of about $5.9 billion, according to Bloomberg, in what would be one of the largest single financings fueli…
Apple's stock surged to a $5 trillion market cap on July 28, making it the second company after Nvidia to reach that milestone, driven by plans for a smart home push and investor approval of its cauti…
Leopold Aschenbrenner's Situational Awareness LP hedge fund, which grew from $225 million to $20 billion on a pure AGI bet, is seeking fresh capital after the July 2026 semiconductor rout hammered its…
Samsung's semiconductor arm posted an operating profit of 89.2 trillion won ($62 billion) in the June quarter, a more than 250-fold jump driven entirely by the AI memory crunch, Bloomberg reported. Th…
The European Union is preparing to designate ChatGPT and Roblox as 'very large online platforms' under the Digital Services Act, according to a Bloomberg report citing anonymous sources. The label wou…
Scality, an object storage company serving Bloomberg and the French Ministry of Defense, launched Autonomous Data Infrastructure (ADI), a platform that aligns performance, protection, and economics to…
Thousands of ads for AI 'nudify' apps on Meta-owned Facebook and Instagram have been traced to GatherOne, one of Meta's 11 Chinese advertising partners, according to a report from the Tech Transparenc…
Taiwanese investigators allege a network using falsified paperwork, shell companies and staged shipping routes allowed Nvidia's most advanced AI servers, powered by the GB300 Grace Blackwell Ultra chi…
Apple is likely to delay the launch of its smart glasses until WWDC 2027, prioritizing privacy features to distinguish itself from Meta's Ray-Ban smart glasses, which have faced backlash over privacy …
Bloomberg agreed on July 29 to acquire Canoe Intelligence, an AI-powered private-markets data platform that processes over 1.5 million documents monthly across more than 44,000 funds for over 500 inst…
Energy CFOs face widening volatility as AI-driven demand pushes wholesale power prices near data centers up to 267% above normal, according to Bloomberg. Databricks introduced Genie, a data-smart AI c…
Amazon is gutting its in-house AI division, scaling back most of its Nova AI models and reorganizing development teams after its large language models failed to compete with rivals like OpenAI, Anthro…
Walt Disney Imagineering is developing a Star Wars food cart with hovering droids that serve sodas using magnetic levitation, potentially debuting at Galaxy's Edge in Disneyland later this year. The c…
OpenTelemetry graduated as a CNCF project in May 2026, now sharing a tier with Kubernetes and Prometheus after 1.36 billion JavaScript API downloads and production deployments at Anthropic, Bloomberg,…
Moonshot AI raised $3.5 billion at a $35 billion valuation, according to a Bloomberg report. The funding round underscores strong investor appetite for Chinese AI startups despite geopolitical tension…
NextEra Energy and Brookfield plan to build a data-centre campus in Kentucky worth as much as $100 billion, Bloomberg reported, marking one of the largest single commitments in the U.S. build-out of c…
Visa is cutting about 2,600 jobs, roughly 7% of its staff, mostly from technology and product teams, and reinvesting the savings into consumer payments, cross-border activity, business payments and st…
Visa is cutting approximately 2,600 jobs, or 7% of its global workforce, as CEO Ryan McInerney's internal memo signals a major shift toward AI-driven efficiency and reinvestment in growth areas. The r…