CuspAI raised a $450M Series B at a $2.6B valuation to build MIRA, an AI that searches for materials that don't exist yet — backed by Kleiner Perkins, NVIDIA, Meta and Bezos.
AMD's Data Center revenue more than doubled to $6.72 billion in Q2 2026 and total sales hit a record $11.54 billion — but the stock still dropped 9% after hours. Here's why.
Pathos AI committed up to $2.2 billion to license cancer drugs from Alphamab and AstraZeneca without inventing a single molecule. Inside the bet that AI's real job is picking patients, not chemistry.
Etched raised $300M at a $10.3B valuation for Sohu, a chip that runs transformers and nothing else — a pure bet that the architecture is done changing.
DeepSeek's V4 Flash 0731 scored 50 on the Artificial Analysis Intelligence Index at $0.14/$0.28 per million tokens — one point behind GPT-5.6 Luna and cheaper on both ends.
Antora Energy closed a $550M Series C to scale thermal batteries that store power as heat in carbon blocks up to 2,400°C — aimed straight at the AI-era power crunch.
Microsoft and Meta reported AI-heavy quarters a day apart. Azure cleared $100B and grew 43%; Meta's free cash flow fell to $784M. Same spending, opposite market verdict.
Nvidia is reportedly investing $5 billion in Ilya Sutskever's Safe Superintelligence — a two-year-old lab with no product, now valued at $32 billion — for a stake and access to Vera Rubin.
China's Z.AI switched on a 1-gigawatt AI data center running 10,000+ chip clusters with zero Nvidia silicon — the exact build US export controls were designed to prevent.
Meshy raised nearly $400M at a $1.5B valuation — the largest AI-3D round ever — to turn text and photos into usable 3D models in about a minute.
Etched just raised $300M at a $10.3 billion valuation — more than doubling in seven months on a chip that deliberately runs only transformers. Inside the boldest bet against the GPU.
In June 2026, 90,000 AI-generated tracks hit Deezer every day — over half of all new uploads. But they're just 1-3% of streams, and 85% of their plays are fraudulent.
