BusinessAI-driven optimism fuels record share offerings on US marketsWall Street has seen an unprecedented surge in IPOs and secondary share sales through June 26, driven largely by optimism around artificial intelligence and AI infrastructure.2 min read
BusinessSouth Korean giants commit over $900 billion to memory chips, AI data centers and infrastructureSamsung and SK Hynix pledged $518 billion to build four new memory fabs in southwestern South Korea, part of a broader national investment plan unveiled at a presidential briefing.3 min read
BusinessArena hits $100M annualized run-rate from crowdsourced AI evaluationsArena, a startup that began as a UC Berkeley research project, has reached $100 million in annualized run-rate revenue eight months after launching its commercial service.3 min read
BusinessApple raises device prices citing memory shortage amid criticism over markupsOn June 25 Apple increased prices across Macs, iPads, Apple TV, HomePod and Vision Pro, attributing the move to a memory shortage described by Tim Cook as a “hundred-year flood.” Critics and market observers, including an X post from @BluthCapital and comments attributed to Micron executives, argue Apple amplified a relatively small chip cost increase into a much larger consumer price hike.2 min read
BusinessEx-Tesla lead Jay Li’s Proception raises $11M seed, ships sensor-glove robotic hand after settling lawsuitProception, founded by former Tesla Optimus technical lead Jay Li, has raised an $11 million seed round led by First Round Capital and begun shipping its high-dexterity robotic hand to researchers and robotics firms.4 min read
BusinessOmen AI raises $31M to monitor liquid coolant health in data centers with real‑time spectrometersOmen AI, founded in 2024 by Zach Laberge, announced a $31 million Series A led by Nava Ventures to commercialize a miniature spectrometer that monitors liquid coolant chemistry in real time.4 min read
BusinessChamath Palihapitiya raises $135M Series A for 8090 Labs and becomes CEOChamath Palihapitiya announced that his AI coding startup, 8090 Labs, has closed a $135 million Series A round led by Salesforce Ventures with participation from WndrCo, Craft Ventures and several prominent angels.2 min read
BusinessHP scales its OpenAI Frontier partnership from pilots to enterprise-wide deploymentHP Inc.3 min read
BusinessMicron's surge on AI-driven memory shortage lifts it above some tech giants brieflyMicron's stock has jumped sharply as demand from AI data centers creates a shortage of DRAM, NAND and High-Bandwidth Memory (HBM).6 min read
BusinessApple Seeks U.S. License to Buy Memory Chips from Blacklisted Chinese SupplierApple has requested a special U.S.2 min read
BusinessAI competition shifts from chat to operational loops: coding, access, and measurementAI development is moving from conversational interfaces into the operational systems where work is executed — the coding environments, access policies for frontier models, and medical measurement loops.5 min read
BusinessDXC Technology to Deploy Anthropic’s Claude in Regulated, Mission-Critical SystemsDXC Technology has entered a multi-year global alliance with Anthropic to embed Claude across the mission-critical IT systems it runs for banks, airlines, insurers, manufacturers and government agencies.3 min read
