BusinessLow morale and talent departures slow DeepMind's larger model rolloutsCurrent and former Google DeepMind employees told reporters that low morale and staff departures are contributing to delays in the lab’s larger models, including a months-behind Gemini 3.5 Pro.3 min read
BusinessIBM reports steep quarterly decline as mainframe sales fall 42%, shares plunge 25%IBM reported revenue of $17.2 billion and net income of $2.2 billion for the quarter, but results missed Wall Street expectations and management preannounced the shortfall.3 min read
BusinessFormer Google Security Leads Build AI Agents to Fight AI-Powered Spear PhishingAegisAI, founded by former Google security executives Cy Khormaee and Ryan Luo, has developed AI agents that analyze incoming email like a human to detect sophisticated spear-phishing attacks.3 min read
BusinessReddit Considers Ending Google’s AI Access as $60M Annual Deal Nears ExpirationReddit is reportedly weighing whether to terminate Google’s access to its content when their $60 million-per-year agreement expires, prompting an 8% drop in Reddit’s shares.3 min read
BusinessTesla posts record deliveries and revenue but shrinking operating profit amid heavy AI and robotaxi investmentsTesla reported a second-quarter record 480,126 vehicle deliveries and a quarterly revenue high of $28.24 billion, but operating profit and margins weakened as lower vehicle prices, falling regulatory-credit revenue and rising costs for AI, robotaxi and Optimus projects depressed results.5 min read
BusinessAlphabet raises AI capital spending as flagship Gemini model is delayed, investors uneasyAlphabet reported strong cloud revenue growth but raised its 2026 capital expenditure outlook, while disclosing its first-ever negative free cash flow.3 min read
BusinessHarvard-founded AI chip startup Etched raises $300M at $10.3B valuationEtched, an AI-chip company founded by three Harvard dropouts in 2022, closed a $300 million Series C round led by Sequoia at a $10.3 billion valuation.4 min read
BusinessTesla ramps capital and borrowing to fund AI, robotics and vehicle projects amid profit pressureTesla said heavy spending on humanoid robots, self-driving cars and AI chips depressed operating profit in the quarter, but executives expect long-term returns.2 min read
BusinessServiceNow invests $40M in India’s BusinessNext to expand AI banking pushServiceNow has invested $40 million for roughly a 5% stake in Indian banking software firm BusinessNext, valuing the company at $700 million.3 min read
BusinessOpenAI Raises Data-Center Spending Forecast as It Moves Into Leading Development RoleOpenAI has increased its expected spending on data centers to $750 billion through 2030 as it prepares for an IPO and expands its cloud ambitions.2 min read
BusinessAmazon reorganizes AGI division with layoffs while increasing AI investmentAmazon confirmed it is conducting job cuts within the team responsible for developing general artificial intelligence (AGI), without disclosing how many roles are affected.2 min read
BusinessReddit reconsidering Google data access for AI training as traffic and shares fallReddit is reportedly weighing restrictions on Google's access to its posts for training AI models, a move linked to concerns that AI-generated summaries reduce referral traffic.3 min read
