BusinessMistral AI plans 1 GW of European AI compute by 2030 backed by five‑year customer commitmentsFrench AI firm Mistral AI unveiled a plan to scale European inference capacity to one gigawatt by 2030, supported by a coalition of enterprises making multi‑year compute commitments.5 min read
BusinessUS Companies See Record Equity Issuance in Q2 amid Heavy Buybacks and Concentrated DealsGoldman reports that US firms raised $105 billion via follow-on equity offerings through July, while total equity issuance reached a record $252 billion in Q2.2 min read
BusinessOpenAI Executive Brad Lightcap to Leave Company to Launch New VentureBrad Lightcap, a long-serving OpenAI executive who served as CFO and later COO, announced he is leaving the company to "start something new." In an internal message he shared publicly, Lightcap praised the teams he helped build, signaled plans to pursue a new venture while expressing continued support for OpenAI's mission, and provided few details about his next steps.2 min read
BusinessRiver AI Raises $1.1B Seed/Series A to Build Personalizable AgentsRiver AI, founded by xAI co‑founder Igor Babuschkin, has secured $1.1 billion in a seed/Series A round led by General Catalyst and AMP PBC with participation from Nvidia, AMD Ventures, Y Combinator and Temasek.3 min read
BusinessOpenAI begins limited ad testing in ChatGPT to support free accessOpenAI has started testing ads inside ChatGPT with a pilot aimed at funding broader free and low-cost access while keeping answers unbiased and conversations private.3 min read
BusinessIntel raises $20 billion via share sale to fund AI and manufacturing expansionIntel sold $20 billion of new shares—one-third more than planned—citing strong investor demand to finance AI-related activity and expand chipmaking capacity.2 min read
BusinessUber fully exits Serve Robotics amid diverging strategiesUber has sold its entire stake in Serve Robotics, a company that spun out of Postmates X, according to a regulatory filing first reported by Bloomberg.2 min read
BusinessAnthropic Keeps Claude Sonnet 5 Introductory Prices PermanentlyAnthropic announced it will permanently maintain the Claude Sonnet 5 introductory prices: $2 per million for input tokens and $10 per million for output tokens.1 min read
BusinessOpenAI repurchases $7 billion of employee shares at $852 billion valuationOpenAI has repurchased $7 billion of shares from employees at a valuation of $852 billion, matching its March fundraising level.2 min read
BusinessZuckerberg outlines Meta's vision and governance proposals for accessible superintelligenceIn a lengthy essay, Mark Zuckerberg described Meta Platforms' plan to build broadly available, personalized superintelligence while proposing governance and regulatory steps to reduce concentration of power.3 min read
BusinessAcquirer Rebrands Cursor as Model Layer PrevailsCursor, an AI coding IDE founded by four MIT graduates and claimed to have helped generate $4 billion in annual revenue with 50,000 enterprise customers, is being bought for $60 billion and likely rebranded.2 min read
BusinessChatGPT Business introduces Premium seats with higher quotas and flexible pricingOpenAI is adding Premium seats to ChatGPT Business that provide five times the usage of Standard seats and remove the five‑hour usage cap.3 min read
