BusinessMirendil signs $100M+ Google Cloud deal for compute to develop self-improving AIAI lab Mirendil has entered a multi-year agreement with Google Cloud to secure compute capacity — a deal the company says is worth more than $100 million.3 min read
BusinessEx-Spotify engineers bring real-time, intent-driven recommendations to e-commerceThree former Spotify engineers—Sidd Motwani, Ian Anderson and Shivaditya Sinha—have launched Malachyte, a startup that applies the team’s Vector AI approach to online retail to predict shoppers’ intent in real time.3 min read
BusinessOmilia raises $67M to expand its AI-driven customer service platformAthens-based Omilia raised $67 million in a Series B led by Expedition Growth Capital to expand self-learning customer service agents and U.S.3 min read
BusinessGoogle to retire Assistant on September 4; Gemini to take overGoogle has set September 4 as the start date to begin retiring Google Assistant, with the transition to its Gemini AI expected to take several weeks.2 min read
BusinessTesla and SpaceX to Build Massive 'Terafab' Chip Factory in Grimes County, TexasTesla and SpaceX announced on Thursday that they will jointly develop "Terafab," an advanced semiconductor factory in Grimes County, Texas, with an initial $16.8 billion investment.3 min read
BusinessDemis Hassabis steps back from DeepMind CEO role as Koray Kavukcuoglu takes overDemis Hassabis, founder of DeepMind, stepped down from his CEO role Wednesday after increasingly focusing on scientific ventures like Isomorphic Labs.3 min read
BusinessSapiom cuts token costs and routes AI requests across modelsSan Francisco startup Sapiom says it reduced a client’s monthly token spending on Anthropic from $1.2 million to roughly $100,000 by optimizing inference and routing requests to cheaper models.3 min read
BusinessUS banks plan bond sales to offload $15bn AI data‑centre loans tied to Texas projectA Morgan Stanley-led banking group is preparing to move roughly $15 billion of loans financing a Nexus Data Centers complex in Hubbard, Texas, to the bond market to reduce their AI exposure.3 min read
BusinessKlaviyo acquires Elias Torres’s Agency; Torres named chief product officerKlaviyo has agreed to acquire Agency, the AI-driven customer success startup founded by Elias Torres; financial terms were not disclosed.3 min read
BusinessJeff Dean and senior Google researchers leave to form AI startup Discovery LoopJeff Dean, a long-time Google executive, is leaving the company to become CEO of a new AI startup called Discovery Loop, joined by senior researchers including Sanjay Ghemawat, Quoc Le and Oriol Vinyals.3 min read
BusinessSpaceX’s AI Push: Rapid Revenue Growth, Heavy Capex and Large Customer ContractsIn its first earnings report since a record IPO, SpaceX reported $7.8 billion in revenue, a 92% year-over-year increase, with AI-related sales jumping 247% to $2.6 billion.2 min read
BusinessShopify: AI-powered search boosts traffic and sales without replacing traditional searchShopify reported that AI-driven search has significantly increased traffic and orders for its merchants, with AI-referred traffic and purchases tripling year-over-year in the company’s second quarter.3 min read
