IREN Limited on July 20 disclosed $2.8 billion in new multi-year AI cloud contracts with leading AI developers, raising its year-end 2026 annualized run-rate revenue target from $3.7 billion to over $…
A new wave of 'Doomsday Prophets' is emerging around generative AI, warning that frontier models will lead to unparalleled unemployment, poverty, and uncontrolled cybercrime, according to a Fireworks …
PenguinHarness, an open-source agent framework from Prism Shadow, claims to build agents at 100× the speed of LangChain with a zero-code CLI and Web UI connected to 1000+ models, achieving best accura…
Nvidia is helping neoclouds like GMI Cloud secure financing for GPU purchases by offering an insurance-like product that covers customer defaults, enabling GMI to commit $500 million to expand AI infr…
Fireworks AI, the inference startup founded by former Meta PyTorch lead Lin Qiao, closed a $1.5 billion Series D at a $17.5 billion valuation, up from a $4 billion valuation nine months ago, as the co…
Moonshot AI's Kimi K3, a 2.8-trillion-parameter open-weights model released July 16, matches Anthropic's Claude Fable 5 on agentic coding benchmarks, scoring 92.4% to Fable's 92.6% on software-enginee…
Open-weight AI models from Chinese labs are proving to be a terrible business, unlike open-source software, according to financial disclosures and analyst reports. Zhipu, the lab behind GLM 5.2, lost …
The US government is considering making Chinese open-weight AI models harder to use in the US, according to sources, after a Hugging Face cyberattack analysis showed that a US frontier model refused t…
AI infrastructure company IREN has signed $2.8 billion in new multi-year AI cloud contracts, raising its year-end AI cloud annualized run-rate revenue target from $3.7 billion to more than $4 billion.…
IREN raised its year-end 2026 AI Cloud revenue target from $3.7 billion to more than $4 billion after signing $2.8 billion in new multi-year contracts with customers including Microsoft and Nvidia, wi…
IREN announced $2.8 billion in new AI cloud contracts with eight customers including Perplexity, Figure AI, and Together AI, lifting its year-end 2026 AI Cloud annualized run-rate revenue target from …
Fireworks AI hit $1 billion in annual recurring revenue with 200 employees by betting on millions of specialized AI models rather than a single AGI, and founder and CEO Lin Qiao predicts token costs w…
Databricks signed a term sheet valuing it at $188 billion, a 40% jump in five months, on a new $3 billion investment led by Coatue Management. The company sells data infrastructure for AI rather than …
Fireworks raised $1.5bn in Series D funding at a $17.5bn valuation to build specialized AI models for companies, arguing that businesses will build their own intelligence rather than rent it from big …
Veta, an AI agent that QA-tests Android apps using a swarm of autonomous sub-agents, runs 100% of its AI inference on AMD GPUs via Fireworks AI on AMD Instinct or self-hosted vLLM on ROCm. The system …
Fireworks AI has reached a $17.5 billion valuation as enterprises increasingly seek cheaper alternatives to proprietary AI models, the company announced. The inference startup, which operates a pay-pe…
Z.ai launched ZCode on July 2, an Agentic Development Environment (ADE) that inverts the traditional IDE model by placing the agent conversation at the center rather than the code editor. Powered by t…
GLM 5.2, an open weights AI model, prepared a nearly perfect quarterly VAT return for a UK small business, processing 59 transactions in 68 minutes at a token cost of $2.73, with the net position off …
NVIDIA announced a new financing model combining revenue sharing with credit support to help AI cloud providers build GPU infrastructure for startups and enterprises. The initiative, detailed in a Jul…
Nvidia and LangChain released the NemoClaw for LangChain Deep Agents blueprint on July 8, combining Nvidia's Nemotron 3 Ultra model with LangChain's Deep Agents framework to achieve benchmark-leading …