BusinessMicrosoft consolidates Copilot apps, discontinues several AI featuresMicrosoft will merge its consumer Copilot app with Microsoft 365 Copilot and retire a number of underperforming AI features.2 min read
BusinessNvidia Backs Used GPUs to Spur $500B AI Data-Center Financing, Accepting New RisksNvidia announced a plan this week in which Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR signaled willingness to commit up to $500 billion to build AI data centers, and Nvidia will guarantee part of the resale value of GPUs used as loan collateral.4 min read
BusinessApple in Talks to Pay Publishers for News Content to Power Siri AIApple has reportedly approached publishers to license current news content for its upgraded Siri AI, proposing a pay‑when‑used compensation model rather than fixed licensing fees.2 min read
BusinessAnthropic in talks to buy Decart for roughly $6 billion to boost capacity ahead of IPOAnthropic is reportedly negotiating to acquire Nvidia-backed startup Decart AI for about $6 billion, according to Bloomberg.2 min read
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
