BusinessUnnamed organization donates 10 million Canadian dollars to Canadian AI researchAn unnamed organization has committed 10 million Canadian dollars (CAD) and is collaborating with leading Canadian artificial intelligence institutions to fund new AI research.1 min read
BusinessIBM's weak Q2 revenue outlook and missed deals send premarket shares down 20%IBM reported a second-quarter revenue outlook below analyst expectations as customers shifted spending toward AI infrastructure such as servers, storage and memory.2 min read
BusinessZoetis to Buy VitalRADS to Build AI for Veterinary RadiologyZoetis has agreed to acquire Texas-based VitalRADS, whose network reviews animal radiology images around the clock, to accelerate development of AI-driven diagnostic tools.2 min read
BusinessJustin McLeod raises $18M for Overtone, an AI-driven voice-first introductions serviceJustin McLeod, founder of Hinge, has raised $18 million for Overtone, a new dating company that emphasizes voice and AI-curated introductions rather than conventional profile-and-swipe mechanics.2 min read
BusinessSaudi AI firm HUMAIN to provide 50 MW of compute to Cohere, partner on Arabic modelsHUMAIN, Saudi Arabia’s state-backed AI infrastructure champion, will supply at least 50 megawatts of computing capacity to Canadian large language model developer Cohere beginning in late 2027.2 min read
BusinessMeta may cap engineers' AI token spending as costs rise, says Adam MosseriAdam Mosseri, head of Instagram at Meta, suggested on Lenny’s Podcast that within a year or two the company might need to limit engineers’ AI token spending if it matches their salary or employment cost.2 min read
BusinessReflection AI Secures $1 Billion Compute Agreement with NebiusReflection AI, an $8 billion startup developing open-weight AI models, has signed a $1 billion compute deal with European AI infrastructure provider Nebius for access to Nvidia’s latest chips.2 min read
BusinessPixVerse raises $439M in Series C extension, valuation tops $2 billionSingapore-based video-generation startup PixVerse has closed a $439 million Series C extension, bringing its valuation above $2 billion.3 min read
BusinessNous Research nears new funding round at $1.5 billion valuationNous Research, developer of the open-source agent Hermes, is closing a new financing round led by Robot Ventures that values the company at $1.5 billion.3 min read
BusinessAnthropic opens Sydney office and names Theo Hourmouzis GM for Australia and New ZealandAnthropic has appointed Theo Hourmouzis as General Manager for Australia and New Zealand and officially opened a Sydney office as part of expanded regional investment.3 min read
BusinessApple sues OpenAI alleging coordinated recruitment and misuse of trade secretsApple filed a 41‑page trade secret and personnel‑misconduct complaint against OpenAI, alleging a coordinated effort to harvest confidential information from current and former Apple employees.4 min read
BusinessExperts Doubt Viability of Space-Based Data Centers Backing SpaceX ValuationA public spat between Sam Altman and Elon Musk has highlighted skepticism among experts about the business case for orbital data centers, a key rationale for SpaceX’s roughly $2 trillion valuation.3 min read
