BusinessAnthropic inks $19 billion, 20-year deal with TeraWulf as miners pivot to AI infrastructureAnthropic has signed a $19 billion, 20-year agreement to use TeraWulf's Kentucky server farm for AI model training, reflecting a broader industry shift as bitcoin prices and mining margins decline.3 min read
BusinessApple expands US chip manufacturing deal with Broadcom worth over $30 billionApple has agreed to extend its partnership with Broadcom in a multiyear arrangement expected to exceed $30 billion, including more than $15 billion of semiconductors to be manufactured in the United States and a $1.5 billion expansion of Broadcom's Fort Collins facility.2 min read
BusinessSwedish startup Lovable in talks to raise $300M at $13.2B valuationLovable, a Swedish "vibe-coding" startup, is reportedly negotiating a $300 million funding round that would value the company at $13.2 billion, double its December valuation of $6.6 billion.2 min read
BusinessGeneral Intuition raises $320M to train world models on gaming data as path toward AGIGeneral Intuition, a New York startup backed by Jeff Bezos and valued at $2.3 billion, closed a $320 million funding round led by Coatue with participation from Eric Schmidt and researchers from MIT and Google DeepMind.5 min read
BusinessMicrosoft trims workforce and shifts AI workloads to cut infrastructure costsMicrosoft is cutting about 4,800 jobs—roughly 2.1% of its workforce—while moving some Excel and Outlook AI tasks from OpenAI and Anthropic to its own MAI models, according to Bloomberg.2 min read
BusinessPrime Intellect raises $130M to sell a full-stack platform for building enterprise AI agentsPrime Intellect closed a $130 million Series A at a $1 billion valuation to offer a turnkey platform that helps companies build and train their own AI agents.4 min read
BusinessAI startups report accelerating revenue milestones as ARR measures divergeSeveral AI-focused companies have reported not only growing revenues but accelerating pace in hitting annualized revenue milestones, though they use different ARR definitions.3 min read
BusinessSambaNova Raises $1B at $11B Valuation, Expands Partnerships with Intel and JPMorgan ChaseSambaNova Systems announced a $1 billion first close of its Series F at an $11 billion valuation, led by General Atlantic, with additional investors expected to join in a second close.3 min read
BusinessChinese AI startup DeepSeek develops in‑house chip to lessen Nvidia dependenceReuters reports that Chinese AI startup DeepSeek is working on its own AI processor to reduce reliance on Nvidia and Huawei hardware.2 min read
BusinessCloudflare introduces paywall model to charge AI crawlers for web scrapingCloudflare has launched a system that lets its customers charge AI models and automated agents for scraping website content.2 min read
BusinessSamsung posts record quarterly operating profit as investors remain cautiousSamsung Electronics reported a record second-quarter operating profit driven by strong demand for memory chips linked to artificial intelligence, with operating profit rising to 89,400 billion won and revenue to 171 trillion won year-on-year.3 min read
BusinessSoftBank to Rent GPUs in U.S. via SB Neo as Debt Pressure MountsSoftBank plans to launch SB Neo in the United States to lease GPU capacity to hyperscalers for AI training beginning in fiscal 2027, using capacity from a 10‑gigawatt U.S.2 min read
