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
BusinessAMD and Anthropic agree multi‑billion‑dollar AI compute deal, including up to 2 GW of MI450 capacity and possible $5B equity investmentAdvanced Micro Devices (AMD) and Anthropic have struck a multi‑billion‑dollar agreement under which Anthropic can acquire up to 2 gigawatts of AMD Instinct MI450 accelerators beginning in early 2027, and AMD may invest up to $5 billion of equity as deployment milestones are met.2 min read
BusinessAlphabet’s AI bets pay off as Google Cloud revenue surges 82%Alphabet reported strong quarterly results driven by robust Google Cloud growth, with cloud revenue rising 82% year-over-year to $24.8 billion and overall revenue up 24% to $119.8 billion.2 min read
BusinessOpenAI's Project Camellia: 3.2 GW Data Center Planned in Effingham County with Community CommitmentsOpenAI announced Project Camellia, a privately funded datacenter development in Effingham County, Georgia, that will be supplied with 3.2 gigawatts of power phased in from 2028 to 2032.4 min read
BusinessTravis Kalanick’s Atoms raises $1.7B in Andreessen Horowitz-led round; Ben Horowitz joins boardTravis Kalanick’s robotics holding company Atoms has secured $1.7 billion in a funding round led by Andreessen Horowitz, with participation from Bain Capital, Fifth Wall and Uber.3 min read
BusinessYope raises $12.3M to build ad-free, algorithm-free private social app for young usersYope, a social app that emphasizes private, closed ‘micro communities’ and rejects algorithmic feeds and advertising, has closed a $12.3 million funding round led by Northzone.3 min read
BusinessMonday.com to Cut About 20% of Workforce to Prioritise AI Work PlatformIsraeli software company Monday.com will reduce its headcount by roughly 20%—about 630 employees—as part of a restructuring to focus resources on its AI Work Platform.2 min read
BusinessAnthropic held acquisition talks for OpenAI‑backed robotics startup Physical Intelligence, sources sayReports indicate Anthropic entered acquisition talks this spring to buy Physical Intelligence, a robotics company backed by OpenAI.2 min read
BusinessOpenAI plans $750 billion infrastructure buildout, first major site: Project Camellia in GeorgiaOpenAI told investors it will invest $750 billion in infrastructure through 2030, about 25% more than earlier estimates, and will begin with a $20 billion data center campus called Project Camellia in Effingham County, Georgia.3 min read
BusinessAnthropic’s rapid rise reshapes AI startup competition, says Menlo Ventures partnerMenlo Ventures partner Matt Murphy describes Anthropic’s surge to a $47 billion revenue run rate by May — up from $9 billion in 2025 — as unprecedented in his 25 years of investing.3 min read
BusinessGerman startup Passionfroot raises $15M to expand B2B creator marketplace into the U.S.Passionfroot, a Berlin-based marketplace connecting B2B creators with brands, has closed a $15 million Series A round led by Insight Partners and plans to expand its U.S.3 min read
