Arga Labs, a San Francisco-based startup, has raised $10 million in a seed funding round led by General Catalyst, with participation from Box Group, Emergence, Gradient, and SV Angel, to build sandbox…
Vanguard announced on August 26 the $4 billion acquisition of Altruist, an AI-enhanced wealth technology and custody platform founded in 2018 by CEO Jason Wenk, marking its biggest technology play. Th…
Meta Platforms Inc. scaled back its Project OT workforce overhaul after employee resistance, executing a 10% workforce reduction in May 2026 instead of the planned 60% team cuts and canceling the Nove…
The S&P 500 is projected to reach 7,900 by the end of 2026, according to a Reuters poll of strategists, with UBS Global Wealth Management forecasting 8,100 and J.P. Morgan predicting 8,000, driven by …
IBM released its Granite 4.2 family of open-weight large language models on August 25, featuring three variants (3B, 8B, and 30B) with native 128K context windows and switchable chain-of-thought reaso…
Meta CEO Mark Zuckerberg canceled a second wave of layoffs planned for November 2026 that could have cut up to 60% of some teams, instead reassigning approximately 7,000 workers to AI-focused roles af…
Runable, a year-old AI agent platform founded by Umesh Kumar and Saksham Sarda, has raised $21 million to scale operations, claiming over one trillion tokens processed in 90 days with 60% to 70% from …
Target Hospitality secured a $250 million contract with a top-five hyperscaler to house construction and operations workers for a new West Texas data center, running through August 2030 and covering a…
Morgan Stanley initiated coverage of Nvidia's credit profile with a neutral rating, projecting that the chipmaker's total AI-related credit exposure could reach roughly $200 billion by the end of 2028…
Google Cloud launched Gemini Enterprise for Financial Services on August 25, with Deutsche Bank as its first design partner, aiming to cut bond portfolio risk analysis to under five minutes. The platf…
MiniMax Group, the Shanghai-based multimodal AI company, reported revenue of $116.6 million for the first half of 2026, a 283.1% increase from $30.4 million in the same period last year, driven by a 7…
At least 40 lawsuits have been filed against AI chatbot developers including OpenAI, Character Technologies, and Google, alleging chatbot interactions contributed to approximately 20 deaths, many of t…
Anthropic, a leading U.S. frontier AI lab, reported Q2 2026 revenue of approximately $11.5–$11.6 billion and turned profitable for the first time, while OpenAI reported Q2 revenue of $6.7 billion but …
Israel's national grid operator Noga reported 100 new data center proposals nationwide, driven by AI and cloud computing demand, with projects planned at sites owned by IKEA, BIG, and Rami Levy. The s…
Anthropic, the AI company behind the Claude model, is preparing for an initial public offering (IPO) with a reported $65 billion annual revenue run rate, despite substantial losses and an ongoing lega…
The Linux Foundation has taken governance of TRACE, an open standard for AI runtime attestation that generates cryptographically verifiable records proving AI workloads ran as promised, backed by sili…
Dolores Research launched WAGMI Bench, an open-source benchmark for AI trading agents on Virtuals Protocol, evaluating agents across 13 historical BTC perpetuals periods with 3,150 decision points eac…
Hexaware Technologies CEO R. Srikrishna said AI could cut IT project costs by 25-30%, even as productivity gains reach 40%, with traditional IT services facing 20-25% gross pricing deflation over the …
Nine major tech companies—Alphabet, Amazon, Meta, Microsoft, Oracle, Nvidia, Broadcom, AMD, and SpaceX—have accumulated approximately $3.1 trillion in off-balance-sheet commitments tied to AI infrastr…
China’s Ministry of Industry and Information Technology (MIIT) launched a program to cultivate AI application service providers across manufacturing, targeting 1,000 advanced industrial AI agents and …