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Chinese AI Startup Psibot Raises Nearly $100 Million at a $1.48 Billion Valuation
Chinese startup Psibot is closing a round of nearly $100 million at a $1.48 billion valuation, becoming the latest AI unicorn as investor interest in the sector surges.
Khosla Ventures Is Raising $5.5 Billion, a Record Fund for an Early OpenAI Investor
Khosla Ventures is in talks to raise up to $5.5 billion for new funds, which would be the largest fundraise in the firm's twenty-year history, Bloomberg reports.
AI Data Centers and Heat Overload US Power Grids: PJM Capacity Costs Jump 60%
AI data centers and record heat are straining the US grid: PJM, the largest, raised its capacity procurement cost by over 60%, and data centers will use a fifth of US electricity by 2035.
China vs. the US: How Each Protects Children From AI Companions, and Why Beijing's Approach Is Stricter
From 15 July 2026, China bans AI companions for children and teens, while the US relies on patchwork state laws and the federal KIDS Act to protect minors.
STMicroelectronics Forecasts Revenue Growth as AI Data Centers Drive Chip Demand
Chipmaker STMicroelectronics expects revenue to grow this quarter as demand from AI data centers strengthens its business.
China Cuts Its AI Gap to 6%: Moonshot and Zhipu Are Not a One-Off
Chinese AI models closed the performance gap with US models to a record 6% in June 2026, down from 9% in May, according to Bloomberg Intelligence.
AI Data Center Boom: Investment Applications in Thailand Jump 80% to $40.6 Billion
Foreign investors' applications in Thailand rose 80% in the first half of 2026 to 1.37 trillion baht ($40.6 billion), driven mainly by a wave of AI and data center projects.
Israel Wants a Chip Fab and New Data Centers to Stay Ahead in AI
Israel's national AI coordinator is pushing to bring a chip fab to the country and plans a major data center expansion to defend its technological lead in the region.
Macquarie: Investor Demand for AI Will Speed Up Australian Capital Markets Deals
Macquarie, Australia's largest underwriter, forecasts that investor demand for companies in the AI supply chain will speed up deals in local capital markets.
ServiceNow Beats Sales Forecasts and Credits Its AI Tools for the Growth
ServiceNow reported quarterly sales and new-contract volume above Wall Street expectations, attributing the growth to demand for its new enterprise AI tools.
Alphabet raises 2026 capex forecast to $205 billion in AI race
Alphabet has lifted its 2026 capital expenditure forecast to $195–205 billion, a record outlay on data centers and compute to stay ahead in the AI race.
Google Cloud's contract backlog hits $514 billion as AI infrastructure demand surges
Alphabet says Google Cloud's backlog of contracted but not yet recognized revenue has grown to $514 billion, a sign of strong demand for AI infrastructure.
PolarDC: AI Borrowers Are Pushing the Nordic High-Yield Bond Market to Its Limits
Data center developer PolarDC tapped the Nordic high-yield bond market for AI projects in May 2026, as an influx of such borrowers strains a niche market toward its capacity limits.
White House Accuses Moonshot of Using Banned Nvidia Chips to Build Kimi K3
A White House official says China's Moonshot built its buzzy Kimi K3 model using American AI models and Nvidia chips covered by US export bans.
Alphabet Under Investor Pressure: July 22 Earnings Report Must Show AI Payoff
Investors are waiting for Alphabet's July 22, 2026 earnings report to see whether Google's parent company is earning a return on its massive AI spending.
OpenAI to Invest More Than $30 Billion in New Georgia Data Center for ChatGPT
OpenAI plans to invest more than $30 billion in a large data center near Savannah, Georgia, to expand the computing capacity it needs for surging AI demand.
Xbox to Lay Off 3,200 Employees and Sell Four Game Studios—Announces Sarah Sharma
On July 6, 2026, Xbox announced layoffs of approximately 20% of its workforce—3,200 people—and the sale of game studios amid low business margins, according to division head Sarah Sharma.
RBC Analyst Janet Mui Calls Chipmakers' Stock Decline a Healthy Consolidation
Janet Mui from RBC Brewin Dolphin stated on July 6, 2026: the recent chipmakers' stock decline is not a market reversal, but healthy consolidation after strong rally amid chip shortage.
Tech Giants' Rally on July 6, 2026 Halted Chipmakers' Two-Day Stock Rout
A rally in technology giants' stocks on July 6, 2026 ended a two-day decline in chipmakers' stock prices—traders are betting on the continuation of the AI industry investment boom.
Anthropic Restricted Access to AI Vulnerability Model Mythos to 200 Partners
Anthropic acknowledged that its AI model Mythos is so effective at finding vulnerabilities in software and systems that it distributes access only to 200 verified partner organizations.
Westpac Tightens Control Over AI Spending and Shifts Routine Tasks to Cheaper Models
Australian bank Westpac has increased control over AI spending: the company tracks token consumption and directs routine tasks to more cost-effective models.
Bain Capital Completely Exits Kioxia After Profitable Chip Deal
Bain Capital sold its entire stake in flash-memory manufacturer Kioxia Holdings, completing a transaction that transformed Japan's technology and investment landscape.
IMF Raises South Korea Growth Forecast Most Sharply Amid AI Chip Boom
The IMF raised its economic growth forecast for South Korea more than for any other of the 30 largest economies in the world — against the backdrop of an AI semiconductor boom.
Former Tesla Scientist Announces Lightweight Humanoid Robot Project for Europe
A former Tesla scientist who worked on the Optimus robot unveiled a plan to create a lightweight humanoid robot for factories, warehouses, and homes in Europe.
SK Hynix Shares Experience Record Volatility Ahead of $28 Billion New York Listing
South Korean memory chip manufacturer SK Hynix's shares are sharply volatile ahead of a $28 billion New York listing — the largest for a foreign company in U.S. history.
ECB Mandates Banks Prepare Cyberthreat Defense Plans Against AI Models Like Claude Mythos
The European Central Bank has required eurozone banks to develop defense plans against cyberthreats posed by advanced AI models, including Anthropic's Claude Mythos.
Apollo Chief Economist Torsten Slok: Weak Margins of S&P 493 Pose Risk to Big Tech Valuations
The chief economist of Apollo Global Management warned: companies outside the handful of tech giants are not showing profit growth from AI investments, which is risky for Big Tech valuations.
China Will Allow Major AI Companies to Purchase Nvidia H200 Chips — The Information
China will permit top AI companies to purchase Nvidia H200 chips in limited volumes — a signal of U.S. export restrictions easing, reports The Information.
Record AI Infrastructure Investments Rescue European Investment Bankers From IPO Slump
Record spending on data centers and power grids for AI is triggering a wave of secondary offerings by European public companies, offsetting the prolonged IPO market decline.
Reddit Launches AI Moderation Against Hidden Ads Targeting ChatGPT and Gemini
Reddit is deploying its own AI tool against brands that post hidden marketing content to be mentioned in ChatGPT and Gemini responses.