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Lerer Hippeau: venture market enters second generation of AI startups
Managing Partner of Lerer Hippeau Eric Hippo told Bloomberg that AI dominates venture investments with OpenAI Anthropic and xAI capturing the lion share of global funding.
SK Hynix became trillion-dollar company amid AI boom
South Korean memory chip manufacturer SK Hynix struggling for survival two decades ago has now become the second most valuable company in the country.
AI became the main topic at Allen Co Sun Valley 2026 conference
At the annual Allen Co conference in Sun Valley artificial intelligence has displaced traditional media deals, participants include Tim Cook Alex Karp Jeff Bezos Bill Gates.
SambaNova raised $1 billion at $11 billion valuation on surge in AI inference demand
Chip startup SambaNova Systems closed a round at $1 billion at $11 billion valuation, investors are betting on growing demand for fast AI model inference.
Recruitment companies shift focus to niche AI specialists to survive
Recruitment agencies are shifting their focus to recruiting rare specialists in the field of AI trying to remain relevant amid the rise of AI resume screening and threats of hiring automation.
Google and RWE invested 411 million euros in nuclear fusion startup Proxima Fusion
German startup Proxima Fusion raised 411 million euros from Google and RWE reaching a valuation of 2.4 billion euros the company is building a nuclear fusion power plant by the 2030s.
Technoprobe shares surged 330% on AI chip boom from Nvidia
Italian Technoprobe whose products are used in the manufacturing of Nvidia chips has become one of the largest European beneficiaries of the AI boom, its shares have surged 330%.
Shares of Chinese AI developer Zhipu surged 22% after $4 billion placement
Zhipu shares jumped 22% on Hong Kong exchange on July 16, 2026 after the AI developer placed shares at $4 billion at the lower end of the price range.
SK Hynix raised record $26.5 billion on debut ADR placement in US
South Korean memory chip maker SK Hynix raised $26.5 billion on its debut American Depositary Receipt placement in the US, the largest initial public offering of a foreign company in market history.
Nobel laureate in economics: AI won not restore era of rapid growth
A Nobel Prize winner in economics warned that AI will not restore western economies to the era of rapid productivity growth of past decades.
TCS CEO: AI could capture 20% of company revenue in 4-6 quarters
Tata Consultancy Services CEO K. Krithivasan said the share of AI in company revenue could grow to 20% within about a year and a half while automation is changing job structures.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
OpenAI Secures $520 Million Credit Line from Bank of America
On July 8, 2026, OpenAI secured a $520 million credit line from Bank of America and was preparing to release a new model the following day.
MNTN CEO Mark Douglas questioned Meta's chances of displacing AWS and Google Cloud
MNTN's head of advertising technology Mark Douglas skeptically assessed Meta's ambitions to enter the cloud infrastructure market against AWS on Bloomberg.
Sonya Yun: chip demand cycles and hyperscaler AI spending cycles are diverging
HP board director Sonya Yun stated on Bloomberg that chip demand cycles and hyperscaler capital expenditure cycles for AI infrastructure are beginning to diverge.
Bloomberg: Anthropic vs OpenAI — investor shift favors Anthropic
OpenAI's shares flood the market, the $122B round isn't as real as it sounds. Anthropic looks more financially attractive.
Anthropic rushes to close Claude Code source code leak
Anthropic is addressing unintended disclosure of Claude Code source code — the AI development platform that became a key monetization vehicle for the company.