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NVIDIA has formed a long-term partnership with Ilya Sutskever’s Safe Superintelligence, reportedly investing $5 billion and giving the secretive AI lab access to Vera Rubin systems that will expand its computing capacity tenfold.
AMD and Anthropic have announced a strategic partnership to deploy up to 2 gigawatts of AMD Instinct MI450 Series GPUs in AMD Helios rack-scale solutions, with the first gigawatt deployment beginning in the first half of 2027.
SoftBank plans to sell about ¥60 billion of notes in Japan this month, its latest raise to fund a mounting AI bet that includes nearly $65 billion committed to OpenAI.
Anthropic has committed $10 million CAD to Canadian research institutions to fund responsible AI development, announcing partnerships with eight universities and institutes including Mila, the Vector Institute, and Amii.
IBM shares sank about 23% after it warned that preliminary second-quarter results fell short, as clients diverted spending toward memory and servers ahead of price increases.
DeepSeek founder Liang Wenfeng’s net worth has more than doubled to $36 billion following a new funding round, making him the wealthiest founder among pure-play AI development companies, according to Bloomberg.
Crypto-focused venture firm Paradigm has closed a $1.2 billion fund, its first with a mandate extending beyond digital assets into artificial intelligence and robotics.
Tencent is in talks to become Manus’s largest shareholder as investors race to reverse Meta’s $2 billion purchase of the AI agent startup, after Beijing ordered the deal undone.
Swedish vibe-coding startup Lovable is reportedly in talks to raise $300 million at a $13.2 billion valuation, double the $6.6 billion it achieved in December 2025.
Apple expanded its partnership with Broadcom in a multi-year deal worth more than $30 billion, its largest US manufacturing commitment, to produce over 15 billion American-made chips.
Microsoft cut about 4,800 jobs, roughly 2.1% of its workforce, hitting Xbox and commercial sales hardest, the latest tech layoffs to intensify fears about AI and work.
Big Tech’s AI capital spending is projected to reach about 3.2% of US GDP by 2027, overtaking national defense spending as a share of the economy for the first time.
Microsoft is investing $2.5 billion in Frontier, a new unit that will embed 6,000 engineers with customers to help them adopt AI, joining a wider industry race into hands-on deployment.
Venice AI, a privacy-focused platform offering access to more than 200 AI models without storing user data, has raised a $65 million Series A at a $1 billion valuation.
About $2.3 trillion was wiped from the Magnificent 7 in June as investors questioned Big Tech’s huge AI spending, even as chip and memory stocks kept climbing.