Key Takeaways: Alibaba Group Holding will issue HK$80 billion (US$10.2 billion) in new shares, dedicating all the proceeds to its expanding artificial intelligence business. Announced on Sunday, the transaction gives Alibaba substantial additional capital for infrastructure, computing capacity, models and applicat
Key Takeaways: A California court dispute between Do Big Studios and Mementum Lab is turning an absurdist internet meme into a consequential test of commercial rights in AI-generated content. Do Big Studios created Steal a Brainrot, a hit game on Roblox in which players collect and steal characters associated with
Key Takeaways: Rillet has raised $100 million in a Series C led by ICONIQ, reaching a post-money valuation of $1 billion as it tries to replace accounting systems from NetSuite, SAP, Workday, Oracle Fusion, and Microsoft’s Great Plains. Sequoia Capital, Andreessen Horowitz, Oak HC/FT, Bain Capital Ventures, Sequoi
Key Takeaways: Toluwa Omitowoju learned that she had been recorded by a man wearing Meta’s AI-powered smart glasses only after the resulting video appeared online. Friends, along with people she had not spoken to in years, sent it to her. “It went viral. Across all platforms, probably over 200,000 views,” Omitowoj
Key Takeaways: Broadcom is in talks with lenders about raising more than $60 billion for an AI chip financing package that would benefit Anthropic, according to reports published August 20. The prospective transaction could eventually grow to around $100 billion, making it one of the largest financing efforts tied
Key Takeaways: Brazil is putting public money behind an ambitious effort to become Latin America’s leading center for artificial intelligence infrastructure. The government plans to invest about 2.3 billion reais ($444.2 million), dividing the funding between a project involving Chinese technology companies and a
Key Takeaways: Micron Technology is putting $10 billion behind a new AI-focused memory research lab in Boise, Idaho, giving the chipmaker a long-term development base as high-bandwidth memory becomes a critical part of AI infrastructure. The planned investment will unfold over a decade and focus on next-generation
Key Takeaways: Binance has opened its trading and payments infrastructure to autonomous AI applications, moving agentic finance from experiments toward a service available through the world’s largest crypto exchange. Launched Thursday, Binance Agent OS lets an authorised agent analyse market data, inspect account
Key Takeaways: Cognition CEO Scott Wu has pushed back on claims that SpaceX attempted to acquire the AI coding startup, drawing a clear line between a potential commercial relationship and a change of ownership. In a post on X, Wu characterized the acquisition information as inaccurate. He said Cognition “is not f
Key Takeaways: Pocket says its credit card-sized AI notetaker has reached a $100 million run rate only eight months after launch, offering an unusually strong early result in a hardware category better known for expensive misfires. The recorder attaches to the back of a smartphone, captures conversations and turns