BusinessSambaNova Raises $1B at $11B Valuation, Expands Partnerships with Intel and JPMorgan ChaseSambaNova Systems announced a $1 billion first close of its Series F at an $11 billion valuation, led by General Atlantic, with additional investors expected to join in a second close.3 min read
BusinessChinese AI startup DeepSeek develops in‑house chip to lessen Nvidia dependenceReuters reports that Chinese AI startup DeepSeek is working on its own AI processor to reduce reliance on Nvidia and Huawei hardware.2 min read
BusinessCloudflare introduces paywall model to charge AI crawlers for web scrapingCloudflare has launched a system that lets its customers charge AI models and automated agents for scraping website content.2 min read
BusinessSamsung posts record quarterly operating profit as investors remain cautiousSamsung Electronics reported a record second-quarter operating profit driven by strong demand for memory chips linked to artificial intelligence, with operating profit rising to 89,400 billion won and revenue to 171 trillion won year-on-year.3 min read
BusinessSoftBank to Rent GPUs in U.S. via SB Neo as Debt Pressure MountsSoftBank plans to launch SB Neo in the United States to lease GPU capacity to hyperscalers for AI training beginning in fiscal 2027, using capacity from a 10‑gigawatt U.S.2 min read
BusinessSavi Security launches app to detect AI-driven impersonation scams with live call monitoringBrothers Patrick and Ryan Coughlin founded Savi Security to protect consumers from highly convincing AI-generated scams after a harrowing spoofed kidnapping call targeted their mother.3 min read
BusinessFigma acquires the team behind Bud (formerly Orchids); Bud and Orchids services to shut down July 18Figma has acquired the development team behind Bud (previously Orchids), a Y Combinator‑backed startup that built a vibe‑coding and AI agent platform.2 min read
BusinessSam Altman reportedly discusses 5% OpenAI stake for US governmentOpenAI CEO Sam Altman has discussed with President Donald Trump a proposal to give the US government a 5% equity stake in OpenAI, reviving a longer-running idea that AI’s gains should be widely shared.4 min read
BusinessAnthropic launches Claude Science and signals move into drug developmentAt its "AI for Science" event, Anthropic introduced Claude Science, a research workbench for scientists, and announced plans to develop its own drugs, beginning with neglected diseases.2 min read
BusinessMicrosoft to Cut About 4,800 Jobs, Xbox Faces Largest ReductionsMicrosoft announced roughly 4,800 job cuts—about 2.1% of its global workforce—on July 6, 2026, with Xbox accounting for the largest share at 1,600 roles.4 min read
BusinessBending Spoons’ rapid Nasdaq debut and continued acquisition-driven expansionMilan-based tech group Bending Spoons went public on the Nasdaq in 2026, briefly reaching a market value above $25 billion and maintaining a market cap roughly double its last private valuation.4 min read
BusinessAfter SpaceX IPO: Rapid Sell-Off Highlights Risks Around AI SectorSpaceX's June 12 IPO was followed within days by a sharp sell-off that wiped roughly $1 trillion off its market value during June 22–24, exposing structural and sectoral vulnerabilities.4 min read
