Meta is rationing AI tokens for its engineers after internal spending spiraled out of control, with Instagram chief Adam Mosseri revealing that token budgets are becoming as real as payroll. Meta empl…
Chai Discovery has raised $400 million in a Series C round at a $3.8 billion valuation, tripling its valuation in seven months. The OpenAI-backed drug discovery startup, founded in 2024, builds AI mod…
Goldman Sachs economist Elsie Peng warns that AI's productivity payoff may take far longer than investors expect, based on a historical analysis showing the personal computer revolution took 15 years …
Chamath Palihapitiya is returning to a day-to-day operating role as CEO of 8090 Labs, the AI coding company he founded in January 2024, after raising a $135 million Series A led by Salesforce Ventures…
New York Gov. Kathy Hochul signed an executive order Tuesday imposing the first statewide moratorium on new large data centers for up to a year, blocking construction while the state creates environme…
StepFun, a Shanghai startup backed by Tencent, unveiled the StepX Neo on July 13, calling it the world's first mass-market agentic smartphone that runs on a custom operating system, Step AOS, and feat…
SpaceX and Amazon, founded by Elon Musk and Jeff Bezos respectively, now command a combined market value of roughly $4.5 trillion, but a new Fortune report by Amanda Gerut reveals that Amazon generate…
Reflection AI, the open-source frontier lab founded by former Google DeepMind researchers Misha Laskin and Ioannis Antonoglou, has signed a multi-year computing agreement with Nebius worth more than $…
GMI Cloud is seeking a NT$20.45 billion ($635 million) loan from Taiwanese banks, backed by customer contracts for GPU capacity rather than equity, with a five-year term loan tranche of NT$13.9 billio…
AI inference costs are quietly eroding SaaS gross margins as every user query incurs a metered cost, unlike traditional software where marginal costs approach zero. Character.AI cut per-query inferenc…
Bahrain's Economic Development Board (EDB) is actively courting investors in the UK and China despite regional headwinds, as CEO H.E. Noor bint Ali Alkhulaif targets manufacturing, energy, life scienc…
China's exports surged 27% in June to a record $412 billion, driven by a 57% jump in electronic components and AI hardware trade, the General Administration of Customs reported. The AI infrastructure …
Bespoke Labs raised $40 million in a Series A round led by Wing VC to build realistic training environments for AI agents, arguing that agents fail not because models are too small but because they la…
Lara Balazs, Adobe's chief marketing officer, says CMOs are being forced to rethink marketing strategy as product discovery shifts from search engines to AI-driven interfaces, with metrics like search…
More than 30 data center projects proposed in Michigan in the past two years have sparked intense local opposition, with the Ypsilanti Community Utilities Authority refusing to supply water for coolin…
Augmodo, a Seattle startup that sells a dual-camera wearable badge for retail workers, raised $21 million in a round led by TQ Ventures at a $350 million valuation, with plans to expand into warehouse…
Axos Financial, through its subsidiary Axos Nevada Holding, has agreed to acquire Arc Technologies, a San Francisco fintech that provides small businesses with automated cash management, capital marke…
Nvidia has cut its list of approved Asian AI chip buyers by more than half, targeting Chinese companies using Southeast Asia as a side door to bypass US export controls, according to the Financial Tim…
Hostie, an AI-powered virtual concierge for restaurants, raised $12 million in a Series A round led by Obvious Ventures, with participation from operators including Bacchus Management Group and Atomic…
Singapore-based AI video startup PixVerse has extended its Series C round to $439 million, pushing its valuation past $2 billion, up from roughly $1 billion in March, according to Bloomberg and KrASIA…