ASML reported second-quarter sales of €9.33 billion, beating the €8.8 billion consensus, with net income of €2.92 billion, and raised its full-year guidance to €43-45 billion from €36-40 billion, deli…
Google DeepMind CEO Demis Hassabis called for the United States to create an independent standards body modeled on FINRA to review frontier AI models before release, with a deadline before the end of …
Mitsubishi Corporation closed its largest acquisition ever, a $7.5 billion deal for Aethon Energy's Haynesville shale gas assets on July 15, betting that natural gas will power AI data centers. The Ja…
Dave Clark, former Amazon worldwide operations chief, has raised $150 million for his AI startup Auger, which uses AI agents to automate supply chain execution decisions. The Bellevue, Washington comp…
OpenAI researcher Miles Wang is in advanced talks to launch an AI drug discovery startup at a $2 billion valuation, with Lightspeed Venture Partners reportedly leading a $200 million round, according …
Twenty-six current and former Meta employees are suing the company, claiming its AI systems—including the internal large language model assistant Metamate, an employee-trained "second brain," and a pr…
CoreWeave signed long-term cloud contracts with Microsoft and OpenAI through 2030 without hedging against memory chip prices, and DRAM prices have since tripled, squeezing margins to roughly 1% on nea…
Hinge founder Justin McLeod has raised $18 million from Match Group, FirstMark Capital and Pace Capital for Overtone, a voice-first dating startup that uses AI conversation instead of profiles and swi…
OpenAI is building a moveable, screen-free smart speaker with a camera, environmental sensors, and motorized parts, designed as an AI companion for the home, Bloomberg reported Monday. The device, pri…
Prime Minister Anthony Albanese will create a new Office of AI inside the Department of the Prime Minister and Cabinet and promise faster approvals for AI projects, including data centers, in a Sydney…
TYLsemi, a San Jose startup, raised $43 million to let companies design custom AI chips using pre-built chiplets, cutting development costs and time to market by nearly half. The oversubscribed round …
Prime Intellect raised $130 million in a Series A round on July 8, pushing its valuation to $1 billion, to sell enterprises the compute and tooling to build and own their own AI models instead of rent…
Google's AI Overview, a Gemini-generated answer block placed above traditional search results, now appears on close to one in five searches, according to Ahrefs' analysis of roughly 100,000 keywords. …
Autheo, a Layer-0 operating system built by more than 100 equity co-founders across 25-plus countries, has gone live on mainnet, bundling identity, compute, storage, AI inference, and blockchain conse…
Ollama, a 14-person open-source AI infrastructure company, raised $65 million in Series B funding led by Theory Ventures, bringing its total funding to $88 million. The tool, which lets developers run…
Hachette Book Group, Cengage Learning, Elsevier and author Scott Turow sued Google on July 13 in federal court in Manhattan, alleging that Google trained its Gemini AI models on millions of their copy…
IBM shares fell roughly 25% on Tuesday, erasing nearly $68 billion in market value in what MarketWatch said was on pace to be the company's worst single-day drop ever, worse than its Black Monday fall…
Instagram head Adam Mosseri said the cost of running AI tools per engineer could soon rival their salary, projecting that within a year or two, "the burn rate of a strong engineer might be the same as…
AI-capable PCs made up roughly 20% of PC shipments in 2024 and are projected to approach half of the market by 2026, according to Counterpoint Research, but most users still run AI tasks through cloud…
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…