BusinessImagi raises $4.5M seed to expand AI education in US and worldwideImagi, founded by Pálfi Dóra and Beatrice Ionașcu from a KTH user-research project, closed a $4.5 million seed round to scale AI education tools and teacher training.3 min read
BusinessNvidia and South Korean partners plan AI infrastructure build-out potentially worth up to $500 billionNvidia has struck a multi-year supply agreement with SK Hynix for high-bandwidth memory (HBM) as part of a cooperation that, together with South Korean partners, could underpin up to $500 billion in AI infrastructure.2 min read
BusinessSAP expands data and AI stack with acquisitions of Dremio and Prior LabsSAP completed two acquisitions in July, adding Dremio and Prior Labs to its portfolio to strengthen enterprise data management and AI capabilities.3 min read
BusinessAlphabet’s free cash flow turns negative as AI investments surgeAlphabet reported strong revenue and profit growth driven by Google Search, YouTube and an 82% jump in Google Cloud sales, but its quarterly free cash flow turned negative for the first time since the company’s 2004 IPO.3 min read
BusinessSAP stock jumps after strong cloud orders, analysts warn of risks to outlookSAP shares rose nearly 7% after the company reported robust growth in its cloud business and stronger-than-expected quarterly revenue.2 min read
BusinessPrentis seeks $100M at $1B valuation to build AI agents that control office workflowsPrentis, an AI lab co-founded by Ritankar Das, Reid Hoffman and Mark Pincus, is in talks to raise $100 million at a roughly $1 billion valuation.4 min read
BusinessCognition acquires Poke to add personable interaction to its coding assistantCognition, an AI coding startup, has acquired The Interaction Company of California, the maker of the conversational AI assistant Poke, in a deal valuing the startup in the low nine figures.3 min read
BusinessBlackstone sees slower redemptions; AI and data-center investments boost resultsBlackstone reported a slowing of redemption requests from its flagship private credit fund after heavy early‑year outflows, and posted better‑than‑expected second‑quarter results driven by investments in AI-related companies and data centers.3 min read
BusinessAI-driven investment binge prompts sharp sell-off in big US tech firmsA sudden investor reassessment over when and how AI investments will pay off triggered a steep sell-off in major US technology stocks.4 min read
BusinessMidjourney acquires astrology app Co‑StarAI lab Midjourney has bought the social astrology app Co‑Star, Bloomberg reports; financial terms were not disclosed.2 min read
BusinessAnduril in talks on potential new funding round that could value it near $100 billionDefense contractor Anduril is reportedly negotiating a fresh capital raise that could lift its valuation by about $40 billion to roughly $100 billion, according to anonymous sources cited by Reuters.3 min read
BusinessTech earnings, rising oil and geopolitical tensions trigger sell-off on Wall StreetA wave of selling hit US markets on Thursday after earnings from Alphabet and Tesla raised concerns about mounting costs of AI development, while a surge in Brent crude above $100 amid Middle East tensions heightened inflation worries.3 min read
