BusinessCloud and Networking Drive Revenue Gains at CoreWeave and Foxconn as AI Demand SurgesCoreWeave shares jumped 19% after the cloud provider was highlighted among firms supplying critical AI infrastructure amid record demand from hyperscalers.2 min read
BusinessStrong Q2 results underline continued capital flow into AI infrastructureQuarterly reports from CoreWeave, Super Micro Computer and Lumentum show double‑digit revenue growth and marked improvements in profitability, signalling robust demand for AI data‑centre capacity.3 min read
BusinessCognition discusses new funding round aiming for $40 billion valuationCognition, developer of the AI coding agent Devin, is reportedly in talks for another financing round that could value the company at $40 billion if it reaches a $1 billion annualized revenue run rate.2 min read
BusinessSkan AI raises $63M to build a workplace “context graph” by observing employee screensSkan AI, a seven‑year‑old startup that maps how work actually happens by observing employee interactions across applications, raised $63 million in a Series C round led by Cathay Innovation and Dell Technologies Capital.6 min read
BusinessThrive Holdings Raises $2 Billion to Scale AI Integration into Traditional BusinessesThrive Holdings secured $2 billion at a $12 billion valuation from investors including SoftBank, D1 Capital Partners, and Altimeter Capital to expand its model of buying traditional firms and embedding AI into their operations.3 min read
BusinessFoxconn posts 35% jump in quarterly profit as AI demand boosts ordersHon Hai Precision Industry (Foxconn) reported a 35% year‑on‑year increase in net profit for the April–June quarter, driven by continued demand for artificial intelligence hardware.2 min read
BusinessMeta and BlackRock Structure $14B Deal to Finance 1 GW El Paso Data Center with Pension-Linked FundsMeta and BlackRock announced a $14 billion venture to build a 1‑gigawatt data center in El Paso in which BlackRock‑managed funds will own 80% and $12.5 billion of the project will be debt financed.2 min read
BusinessBitcoin Miners Rent Power to AI: Riot Platforms’ $9.1B, 20‑Year Deal with AnthropicRiot Platforms agreed to supply 191 MW of capacity at its Rockdale, Texas campus to Anthropic under a 20‑year, $9.1 billion contract; with two five‑year extension options the arrangement could total $16.1 billion.2 min read
BusinessSandbar bets on voice-first control for wearable AI note-takingSandbar, the startup behind the private voice ring Stream, argues the future of AI-driven wearable devices lies in voice-based control.2 min read
BusinessLovable raises $400M Series C, valued at $13.3B after revenue milestoneLovable has closed a $400 million Series C round led by Menlo Ventures and the Scaleup Europe Fund, bringing its valuation to $13.3 billion.2 min read
BusinessBlacksmith's Valuation Jumps Tenfold to $550M as It Focuses on Code TestingBlacksmith, founded in 2024, raised a $45 million Series B led by Peak XV Partners, bringing its valuation to $550 million and total funding to $58.5 million.3 min read
BusinessOpenAI sees multiple senior departures ahead of planned IPOSeveral senior executives at OpenAI have left the company in recent months, including longtime executive Brad Lightcap and the head of ethics, continuing a leadership exodus as the company prepares for a planned public offering.2 min read
