A couple days ago, John Carmack, a videogame pioneer and former virtual reality executive at Meta Platforms, wrote on X that he had begun seeing antiâdata center yard signs popping up in his neighborhood. âI am entertaining the idea of paying for a billboard with something like âData centers are awesome, Texas should lead!ââ wrote Carmack, who has co-founded an AI startup, Keen Technologies. In a follow-up post, Carmack compared... Read more âș
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Trase Systems, a three-year-old startup that sells AI to healthcare and federal government customers like the U.S. Navy, has raised a $107 million seed round led by Chicago-based ARCH Venture Partners, according to a company spokesperson. Trase is part of an emerging segment of tech firms that ... Read more âș
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OpenAI has hired Amazon Web Services veteran Chris Grusz to serve as managing director of cloud partnerships, a role that involves working with the startupâs cloud provider and software partners. Grusz, whose recently updated LinkedIn profile reflects his new role, spent nearly 11 years at AWS ... Read more âș
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AI server chips that effectively compete with Nvidiaâs have never been more in-demand as AI developers and cloud providers seek lower-cost alternatives to the market leader. In the latest example, nine-year-old chip startup SambaNova is set to raise between $800 million and $1 billion, its executive chairman, Lip-Bu Tan, said at an event on Tuesday. Tan, who is also CEO of chip designer and manufacturer Intel, didnât elaborate. But people... Read more âș
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Finance isnât exactly known for minting new business models overnight. The industry is heavily regulated, customers are slow to move money and licensing often keeps firms in familiar lanes. Prediction markets are proving a rare exception. Fast-growing U.S. prediction market Kalshi recently topped $2 billion in annualized revenue. At that pace, it would already be generating roughly half of Robinhoodâs latest annual revenue and around one-third that of exchange operator... Read more âș
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For founders, the benefits of building a personal brand are undeniable. A high-profile personal brand can lead to more attention and opportunities from media and investors, create inbound demand from warm leads, and foster trust with potential customers. And, unlike traditional marketing, it can be executed with zero budget. However, building a personal brand can take a great deal of time. With so many founders and thought leaders competing for... Read more âș
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Since the start of the year, cities, towns, counties and states across America have slammed the brakes on allowing new data centers in their backyards. By exhaustively combing through a combination of legal documents and local news reports, The Information has identified more than 300 temporary and permanent bans on data center development that state and local governments throughout the U.S. have passed since 2023, and over 75 more under... Read more âș
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Qualcomm has agreed to pay around $3.9 billion in stock for Modular, a software startup that allows developers to write software to run on different chips without having to rewrite the code for each chip. The deal price, based on Qualcommâs last closing price on Tuesday, more than doubled the ... Read more âș
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Ornn, a startup that tracks the cost of AI tokens and computing power, raised $33 million in a funding round led by Andreessen Horowitz. The money will be used to build a marketplace for trading compute, executives at the company told Bloomberg. Ornn is one of several companies seeking to turn ... Read more âș
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By some accounts, the compute crunch of 2026 has become even more dire than the chip crunch of 2023, which saw even venture capital firms becoming quasi-cloud providers temporarily. Thatâs good news for a subclass of firms that popped up to rent out computing power and help developers run open-source models to power applications. Some people call them compute resellers or inference providers.Most of these firms rent out Nvidia-powered servers... Read more âș
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OpenAI and Broadcom unveiled a new chip the two companies have developed for inference, a big step forward in OpenAIâs effort to reduce its reliance on Nvidia chips and control its own hardware. The companies are calling the new chip Jalapeno, and they said in a blog post that âearly ... Read more âș
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SpaceXâs xAI is doubling down on video- and image-generating tools, people familiar with the project said. Thatâs seizing on an opening left by OpenAI and Anthropic, which offer fewer visual capabilities. XAI launched an upgraded video model last week, highlighting how itâs pushing ahead with its own visual efforts even as it brings in outside help to compete with rivals in areas like coding. SpaceX also touted the popularity of... Read more âș
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Alibaba Group has sued the U.S. Department of Defense, seeking to be removed from the Pentagonâs blacklist of Chinese companies with alleged military ties. In a federal complaint filed in California, Alibaba said the Pentagonâs label has âno basis in fact or lawâ and was imposed âwithout notice ... Read more âș
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Hereâs a suggestion for Mark Zuckerberg: Maybe you should ditch AI model development and spend even more on smart glasses! Meta Platforms on Tuesday unveiled its latest selection of smart glasses, devised with eyewear giant EssilorLuxottica, and itâs hard not to be impressed with the way they look. Meta would seem to have more chance of succeeding with smart glasses than beating the leading AI labs in developing state-of-the-art models.... Read more âș
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XLight, a startup developing advanced lasers for semiconductor manufacturing, is in talks to raise $350 million in funding from a pair of investment firms just weeks after receiving substantial investment from the U.S. Department of Commerce, according to the companyâs verbal and written pitch to prospective investors. The company wants to reduce the cost and time needed to make the most advanced AI server chips by developing an alternative approach... Read more âș
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Walmartâs $1.4 billion purchase of New Yorkâbased advertising technology startup Vibe on Tuesday is a reminder of how serious the retail giant is about building its ad business.Walmart is paying a big price for Vibe, which helps small businesses buy ads on streaming platforms and will allow Walmart to reach more advertisers looking to buy spots on its site. The $1.4 billion price, which includes a $180 million executive retention... Read more âș
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Anthropic and OpenAI are booming, but so are providers of open-source AI models and other cheaper alternatives, thanks to businesses using open-source to control their costs, we reported in detail this morning. But thereâs more.Together AI, the neocloud which rents out Nvidia cloud servers and access to open source models, raised its annual revenue projections at least three times in the past few months due to the growing usage of... Read more âș
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OpenAIâs ad chief Dave Dugan said at Cannes this week that around 20% of ChatGPT queries have a âdirect commercial intent,â demonstrating that a user is looking to buy a specific product. A greater proportion of queries, he said, extend beyond requests for specific products and signal that the ... Read more âș
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Meta Platforms is building a prediction market app that could rival offerings from Polymarket and Kalshi, The New York Times reported. CEO Mark Zuckerberg has instructed a small team to develop the app, internally known as Arena, through which users could potentially wager on events using either ... Read more âș
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Meta Platforms unveiled a new line of smart glasses on Tuesday, pricing one of the devices $80 below its previous entry-level model despite adding no new major capabilitiesâa move that underscores the companyâs desire to expand market share ahead of expected rival entries from Apple and Google. ... Read more âș
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27.07.2026 12:48
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