Companies, products, and big moves
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Meta quietly projected it could spend up to $10 billion a year on Anthropic's AI models — even as Mark Zuckerberg publicly trashed the company. According to sources cited by The New York Times, Meta's internal projections assumed as much as $10 billion in annual spend on
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Cybersecurity was this week's quiet AI winner. Two of the sector's biggest names blew past expectations and raised guidance purely on the back of AI-agent threat demand — and the market rewarded them loudly. CrowdStrike and Okta both crushed Wall Street's Q2 estimates and
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Identity-verification heavyweight Socure is betting that the messiest, most human part of financial compliance is finally ready for AI agents — and it has raised a fresh $156 million round to prove it. Two agent stories frame a day where verification — of who people are and what their code does
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The model hub wants to be the place you buy your next robot, and this week it put a price tag on that ambition. Hugging Face unveiled Microduck on August 27 — a $399 bipedal robot, about ten inches tall and under two pounds, that waddles, sings and skates, developed in
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The AI build-out kept extending past the models themselves today: SK Telecom carved its data centers into a dedicated investment vehicle backed by KKR, while Kioxia moved to add a third Japanese fabrication plant for AI-driven memory demand. Two bets on the physical infrastructure underneath the boom. SK
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Microsoft is bringing Saudi AI firm HUMAIN's Arabic-language models into its enterprise platform. The two companies announced a long-term collaboration to put HUMAIN's ALLAM model family into Microsoft's AI ecosystem — available through Microsoft Foundry for building, customizing and deploying Arabic-language applications
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Amazon and Nvidia have expanded their decade-long partnership with a deal that adds 2 million more Nvidia GPUs to Amazon's data centers, deploying through 2027 and 2028. It is a fresh, concrete signal that top-tier AI infrastructure demand still has a long runway. AWS is betting
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OpenAI has committed about $400 million to its second venture fund, and this time it is writing the check alone. A new SEC filing shows the AI lab opening its next startup vehicle with roughly $400 million in capital, per a Wall Street Journal report — a sharp break from 2021,
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One of the most-watched names in frontier AI is going home. Barret Zoph, a co-founder of Thinking Machines Lab and a veteran OpenAI researcher, is returning to Google as vice president of research, the Wall Street Journal reports. Thinking Machines Lab co-founder Barret Zoph is returning to
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The chip giant that powers most of the AI business is reportedly moving to buy the platform where much of the open-source world lives. Nvidia has been in serious talks to acquire Hugging Face at a valuation above $13 billion, Business Insider reported on Wednesday, citing a person familiar
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The fastest thing in consumer AI right now isn't a model release — it's a barely-older-than-summer personal assistant called Instinct, and Silicon Valley can't sign checks fast enough. The startup behind it has pulled in $350 million at a valuation of $2.
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The AI build-out has a new eye-watering milestone: Nvidia just turned in a record quarter and told Wall Street the next one could be even bigger — the clearest signal yet that the compute arms race shows no sign of slowing. Nvidia posted a record $96.2 billion in