Verizon is deploying Google Cloud's Gemini Enterprise for Customer Experience platform to handle the majority of its inbound consumer calls and chats monthly, freeing customer care representatives for…
Thomson Reuters launched Thomson, its first proprietary large language model, on Monday, developed in-house using an open-source foundation and trained on decades of proprietary content from Westlaw, …
RUM Group, which hosts U.S. President Donald Trump's Truth Social platform, announced on Monday a $13.7 billion contract to supply AI chips to an unnamed U.S.-based cloud customer, sending its shares …
Alibaba launched Wan3.0, a video-generation model that can create clips up to 30 seconds long from documents, spreadsheets, slides, and web pages, available through Alibaba Cloud's Model Studio and AP…
Nvidia is in active discussions to invest in Perplexity, an AI search startup, in a deal that would value the company above $30 billion, according to The Information and Reuters. Perplexity's annualiz…
Michael Burry, the investor known for betting against the 2008 housing market, said in a Substack post on August 23 that he moved his entire Alibaba position into JD.com, citing Alibaba's HK$80 billio…
Hugging Face, a New York-based AI startup hosting open-source large language models and datasets, has been exploring a sale that could value it at US$13 billion or more, according to a Business Inside…
ACE Robotics Chairman Wang Xiaogang predicts embodied AI could reach its 'ChatGPT moment' by the end of 2027, driven by world models and environmental data capture. The Chinese startup, founded in Jul…
Alibaba Group Holding Ltd. announced a proposed Hong Kong share placement worth HK$80 billion ($10.2 billion) to fund its AI infrastructure spending, after reporting a 76% drop in net income to RMB10.…
Citadel Advisors acquired much of the $16 billion public-equity book of Leopold Aschenbrenner's AI-focused fund Situational Awareness after its portfolio fell 67% in July, then shed more than 80% of t…
Alphabet, Amazon, Meta, Microsoft and Oracle have issued about $220 billion of bonds in 2026 through Aug. 10, according to BNP Paribas data cited by Reuters, as they finance an artificial-intelligence…
Semiconductor Manufacturing International Corp. (SMIC) raised wafer prices after reporting second-quarter revenue of $3.006 billion, up 20% sequentially and 36.1% year over year, driven by AI-related …
OpenAI cut prices on its flagship GPT-5.6 Sol model on August 21, reducing input tokens from $5 to $4 per million and output tokens from $30 to $20 per million, a 33% reduction on output, effective th…
Nvidia has taken a minority stake in Cloverleaf, a data center developer focused on power sourcing and site infrastructure, signaling that grid capacity, not chips, is the new bottleneck in AI. The in…
Anthropic generated $11.5 billion in revenue in Q2 2026, surpassing OpenAI's $6.7 billion for the first time and achieving its first positive adjusted operating income, according to internal documents…
Nvidia has formed a strategic partnership with Cloverleaf Infrastructure, a data center developer founded in 2024 that raised $300 million, to accelerate data center infrastructure development. The de…
The US State Department is drafting a letter to partner countries demanding they choose between Washington and Beijing in the AI race, warning that 'To be part of everything is to be part of nothing,'…
Alibaba Group Holding Ltd. reported on August 20, 2026 that its AI Cloud and Compute Services revenue rose 45% in the June quarter to RMB48.44 billion ($7.14 billion), the fastest growth in 22 quarter…
India's IT services sector is being reshaped by artificial intelligence as clients demand more for less, according to a Reuters report. The shift is forcing companies like Tata Consultancy Services, I…
OpenAI cut the list price of its GPT-5.6 Sol model on August 21, 2026, to $4 per million input tokens and $20 per million output tokens, down from $5 and $30, a 20% input and 33% output reduction, wit…