Gartner predicts that by 2028, AI coding costs will surpass the average developer's salary due to surging token consumption and consumption-based pricing. Many organizations lack visibility into these…
Figma launched code layers, native animations, AI shader effects, custom AI skills, and prompt-built plugins at its Config 2026 conference. The updates let teams clone repositories directly onto the d…
Mistral released OCR 4 on June 23, a document-processing model that returns structured data with bounding boxes, block types, and confidence scores, targeting enterprise back-office tasks like invoice…
XLight, a US-backed startup chaired by former Intel CEO Pat Gelsinger, is raising $350 million to develop an alternative EUV light source that could challenge ASML's monopoly on chipmaking equipment. …
Cerebras nearly doubled its first-quarter revenue to $193.4 million and guided 2026 sales above Wall Street estimates, but its stock fell about 10% after warning that core gross margins would drop sha…
OpenAI unveiled Jalapeño, its first custom AI chip designed with Broadcom for inference workloads, aiming to reduce dependence on Nvidia. The chip, built in nine months with AI-assisted design, will p…
Two of Apple's biggest Chinese suppliers, Luxshare Precision and Lingyi iTech, are racing to raise billions in Hong Kong to pivot from smartphone parts to AI hardware and humanoid robots. Luxshare is …
Sentient Foundation launched a $42 million Open Source AGI Grant and Investment Program to support developers, researchers, and startups building artificial general intelligence technologies openly. T…
Superhuman, the productivity firm formerly known as Grammarly, has acquired GPTZero, an AI-detection startup founded by Princeton graduate Edward Tian. The $30M ARR company, valued at over $88M, will …
Defense-factory startup Hadrian Automation is in talks to raise up to $1 billion at a $7.5 billion valuation, according to Bloomberg, though the company denies the report. The potential round would mo…
Main Capital Partners closed the Netherlands' largest-ever private equity buyout fundraise at €5.25bn, betting on boring, essential enterprise software despite market panic over AI. The firm's loss ra…
Menlo Ventures raised $3 billion, its largest fund in 50 years, fueled by a single bet on Anthropic now worth about $14 billion. The firm split the capital into early-stage and growth funds to back AI…
Chinese AI lab Zhipu is considering a multibillion-dollar share sale in Hong Kong after its stock surged roughly 2,000% since January, pushing its market value above HK$1 trillion. The rally follows t…
HSBC research finds that 62% of wealthy investors still rely on human advisers for final investment decisions, while only 12% cite AI as the most influential factor. The survey of nearly 10,000 afflue…
A Swiss study of 7.3 million job ads found entry-level postings in 2025 were 32% lower than pre-AI averages, with the steepest declines in roles most exposed to generative AI tools. The share of junio…
ByteDance is in preliminary talks with banks to secure a record $20bn offshore loan, its largest ever, to fund AI infrastructure build-out including chips and data centers. The three-year facility, ex…
SoftBank CEO Masayoshi Son dismissed claims that the artificial intelligence boom is a bubble, calling such talk an 'insult' to AI at the company's annual shareholders' meeting in Tokyo. Son, whose So…
Anthropic's AI model Mythos identified vulnerabilities in classified US government computer systems within hours during a controlled red-team exercise, according to a US official. The test, part of Pr…
Legion LegalTech Corp sued the U.S. federal government on Tuesday over a June 12 Commerce Department directive that forced Anthropic to shut down its Fable 5 and Mythos 5 AI models worldwide, citing n…
South Korea's government is in talks with Samsung Electronics and SK Hynix about building a second chip cluster, driven by explosive AI demand that could require new fab construction by 2034-2035. Pre…