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
BusinessInvestors Shift Focus to Memory as the Latest AI Supply-Chain BottleneckInvestors have rotated through AI infrastructure opportunities — from models like OpenAI to chips and data centers — and are now concentrating on memory chips as a potential bottleneck.2 min read
BusinessMicrosoft shifts more Office AI to in‑house models as costs riseMicrosoft has begun routing a portion of Excel and Word prompts to its own MAI models as part of cost‑saving measures, Bloomberg reported.2 min read
BusinessDeepSeek develops in-house inference chip to reduce reliance on foreign processorsChinese AI firm DeepSeek has begun developing its own inference chip, a project started about a year ago aimed at running trained models more efficiently and reducing dependence on Nvidia and Huawei processors.3 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
BusinessSK Hynix to Offer ADRs in U.S. IPO Amid AI-Driven Memory Chip ShortageSouth Korea's SK Hynix plans to sell about 17.8 million American depositary receipts (ADRs) in a U.S.3 min read
