Eli Lilly invested $40 million in Absci Corporation to advance ABS-201, an AI-designed injectable antibody targeting hair loss and endometriosis. The investment was part of a $100 million equity round…
AI hardware startup Etched unveiled its Sohu chip and rack-scale inference system on June 30, designed specifically for transformer-based large language model inference. The company claims over $1 bil…
Job cuts attributed to artificial intelligence surged to 40% of all layoffs in May 2026, up from 25% in March, as companies like Meta cite AI-driven efficiency gains for workforce reductions. Analysts…
Bank of England Deputy Governor Sarah Breeden warned on June 30 that autonomous AI agents could trigger market meltdowns by herding on similar trades, proposing kill switches and circuit breakers as s…
The United Nations launched the AI for Good Global Commission to bring together tech executives and heads of state to forge global AI rules, as national regulations become increasingly fragmented. The…
ByteDance is investing $37.7 billion to build its largest data center outside China in Brazil's Ceará state, powered by wind energy and backed by a $2 billion renewable supply deal. The facility, loca…
Alphabet Inc. gained approximately $2 trillion in market capitalization over the past year, driven by investor optimism about its AI investments despite regulatory challenges and an $84.75 billion equ…
Alphabet Inc. gained $2 trillion in market value, reaching approximately $4.29 trillion and remaining the world's second most valuable company. The surge comes amid investor scrutiny and a recent $80 …
California Governor Gavin Newsom secured a 50% discount on Anthropic's AI services for state agencies through a new deal, allowing access to the Claude AI assistant via the SITeS portal. The agreement…
Elon Musk's xAI is preparing to release a 1.5 trillion parameter Grok 4.5 model in July, followed by a 2 trillion parameter model in August. The models are being tested internally at SpaceX and Tesla …
Over $1.988 billion in cryptocurrency tokens are scheduled for release in July 2026, with major unlocks from Rain ($812M), Hyperliquid ($630M), and Pump.fun ($117M). Prediction markets indicate potent…
Perplexity CEO Aravind Srinivas said the future of AI depends on maximizing economic value per unit of energy, not building larger data centers. The company reported 45 million monthly active users an…
Crude oil prices fell over 4% to three-month lows after the US-Iran ceasefire extension, with Brent crude at $84.21 and WTI at $81.38 per barrel. The drop boosted European equities, which gained 13% i…
A proposed $50 billion datacentre investment deal in Australia has sparked controversy as AI companies seek copyright concessions from the Albanese government. Greens Senator David Pocock called the p…
Abu Dhabi's MGX has raised approximately $49 billion for one of the largest AI investment funds ever, targeting AI infrastructure including semiconductors and data centers. The fund, backed by soverei…
The US government ordered Anthropic's Claude Fable 5 and Mythos 5 AI models offline for two and a half weeks over national security concerns about jailbreaking vulnerabilities, marking a major clash b…
Vantage Data Centers filed permits for a $25 billion AI data center campus near Abilene, Texas, in collaboration with OpenAI and Oracle. The Frontier campus will span 1,200 acres with 10 data centers,…
US fossil fuel power spending is set to surpass China's for the first time in decades, driven by rising electricity demand from data centers and AI infrastructure, according to the Financial Times. Ch…
Vertiv announced a new factory in Johor, Malaysia, set to open in early 2026, to produce cooling and power equipment for AI data centers in Asia Pacific. The facility aims to cut delivery times and su…
The International Energy Agency forecasts US spending on coal and gas power plants will hit $50 billion this year, driven by surging electricity demand from data centers and AI infrastructure. Final I…