Companies, products, and big moves
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The AI buildout's financial layer is taking shape: the firm tapped to set the reference price for CME Group's planned GPU futures market just closed a $30.5 million Series A. Silicon Data, the New York startup building independent pricing and performance benchmarks for AI compute,
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The AI buildout keeps printing money for the companies selling its plumbing — and its appetite for training data just met its first organized resistance at the bookstore counter. Cisco said hyperscalers placed $9.3 billion in AI infrastructure orders in fiscal 2026, and it expects AI infrastructure revenue to nearly
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Chip earnings split the day's AI news: Cerebras beat and raised, then watched investors head for the exits — while the money behind the compute buildout quietly got itself a benchmark layer. Cerebras reported second-quarter core revenue of $210 million, ahead of the $194 million it had guided
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Google's AI reshuffle now has a named leader: Koray Kavukcuoglu, DeepMind's CTO, is stepping up to run the lab with a direct line to Sundar Pichai, while Reuters details how Sergey Brin has been pressing staff to commit everything to Gemini. The moves put the new
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Google spent the day showing off its Pixel 11 lineup — and the pitch is almost entirely AI. The company put its most agentic Gemini yet at the center of the phones, unveiled a sign-language translation model that finally brings the tech to consumer products, and confirmed the memory shortage
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The legal industry is becoming AI's next battleground: Anthropic hired a legal AI founder to run Claude's push into law, a Chinese robotics startup claims a sorting record that beats Figure AI at a fraction of the hardware cost, and AT&T says open models
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The money in AI coding is moving from generating code to governing it: CodeRabbit raised $143 million at a $1.5 billion valuation to help teams keep up with the flood of machine-written pull requests. Elsewhere, Ahrefs shipped an agent workspace for marketers, and some of AI's
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The AI compute buildout is still printing growth numbers: Amsterdam's Nebius posted another triple-digit quarter, enterprise AI's missing-context problem pulled in a $63 million bet, and the ChatGPT dog-cancer vaccine story officially became a startup. Nebius, the Amsterdam-based AI cloud company that
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AI is writing code faster than teams can check it — and investors are betting that fixing that gap is the next big business in the AI coding boom. Blacksmith, a startup that tests and validates software before it reaches production, has raised $45 million in a Series B led by
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Money moved on three fronts at once: Europe's hottest vibe-coding startup doubled its valuation, DeepSeek's long-rumored agent harness surfaced under a black-whale logo, and Mistral started charging a premium for EU data residency. Lovable, the Stockholm-based startup whose AI app builder helped
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Tencent beat second-quarter revenue estimates on accelerating game sales and AI-driven advertising, but the results laid bare the tension at the heart of its AI bet: core profit missed expectations, and capital spending jumped 65% quarter over quarter. Tencent posted revenue of 204.78 billion yuan ($30.36
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ByteDance is reorganizing around the data problem, Europe's biggest airline is betting its operations on Google's models, and Chinese robotaxis are expanding deeper into the Gulf — a morning of big industry moves. ByteDance has reportedly created a new first-level "AI data and safety"