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31 Jul 2026

MediaTek Secures $5 Billion War Chest to Challenge Broadcom in AI Datacenter Chips Market

Taiwan's largest chip designer MediaTek approved $5 billion in financing to expand into AI datacenter chips, targeting 15-20% of an $80 billion market by 2027. The company expects its first custom AI chip to enter production in Q4 2026, with AI datacenter ASIC revenue projected to exceed $2 billion this year as it pivots away from a declining smartphone business.

4 Sources

Chinese Military Taps OpenAI and Anthropic Models to Train Defence Systems via AI Model Distillation

A Reuters investigation uncovered that Chinese military researchers have systematically used outputs from leading US AI models developed by OpenAI and Anthropic to train domestic defence systems. The review of over 80 academic papers and patents reveals widespread use of AI model distillation by People's Liberation Army-linked institutions, exposing a critical gap in US export controls and escalating US-China geopolitical tensions ahead of AI governance talks.

10 Sources

CrowdStrike 2026 Report: AI Cyberattacks Explode as Hackers Exploit Vulnerabilities in 24 Hours

CrowdStrike's 2026 Threat Hunting Report reveals AI has become both a powerful cyber weapon and a critical target. Threat actors now exploit vulnerabilities within 24-48 hours of disclosure, while LLMjacking campaigns generate 200,000 API requests in two minutes. The report tracks over 290 adversary groups weaponizing AI infrastructure and supply chains.

8 Sources

ChatGPT users are unlocking hidden productivity with these simple tweaks

OpenAI's ChatGPT is evolving beyond basic Q&A into a genuine AI assistant, but most users aren't tapping its full potential. New features like Memory, Voice, and Side Chat can dramatically boost productivity—if you know how to configure them. From cleaning outdated memories to leveraging browser integration, these expert techniques transform ChatGPT from a chatbot into a personalized productivity tool.

6 Sources

CoreWeave expands AI cloud to Indonesia as analysts back infrastructure growth amid federal push

CoreWeave unveiled plans for three data centers in Indonesia totaling 360 megawatts while securing strategic partnerships with Leidos for federal AI cloud services. Piper Sandler initiated coverage with a $151 price target, citing the company's edge in the rapidly expanding GPU-as-a-service market expected to reach $100 billion by 2029.

7 Sources

Elastic and OpenAI Expand Collaboration to Unlock Enterprise AI with Unstructured Data

Elastic and OpenAI announced an expanded collaboration to integrate OpenAI's reasoning models with Elasticsearch for enterprise AI applications. The partnership addresses a critical challenge: 70% to 90% of organizational data is unstructured and inaccessible to AI agents. By combining Elasticsearch's retrieval and governance capabilities with OpenAI's advanced models, organizations can build context-aware AI agents that deliver accurate, secure results while reducing token costs.

2 Sources

Monolithic Power Systems stock surges 11% as AI server demand drives Enterprise Data revenue up 164%

Monolithic Power Systems stock jumped 11% in after-hours trading following strong Q2 results that beat Wall Street estimates. Revenue reached $980.6 million, up 47.6% year-over-year, driven by Enterprise Data segment growth of 164.3%. The chipmaker raised Q3 guidance and expanded share buyback authorization to $1 billion.

2 Sources

Indian manufacturers cash in on AI infrastructure boom with cables, cooling systems and power units

Indian manufacturers are securing massive contracts supplying fibre-optic cables, power systems and cooling equipment to data centers powering the AI boom. Sterlite Technologies landed a $1.1-billion order from a US hyperscaler, while HFCL doubled revenue. Despite lacking AI chips or competitive AI models, Indian suppliers are capitalizing on the infrastructure buildout as US hyperscalers commit $57 billion to Indian capacity.

2 Sources

BYD to Debut Functional Humanoid Robots in August as China Accelerates AI Race Against Tesla

Chinese electric vehicle giant BYD announced it will unveil functional humanoid robots in August 2025 at its Di Space showrooms. The move intensifies competition with Tesla's Optimus as Chinese automakers dominate the humanoid robotics market, with China accounting for over 70% of global manufacturers and positioning for full commercialization ahead of the US.

3 Sources

New Zealand approves 280MW AI data centre as energy consumption debate intensifies

Singapore-based Datagrid has secured approval for a NZ$3.5 billion AI data centre near Invercargill that will consume 280 megawatts of power. The facility will become New Zealand's second-largest electricity user after Tiwai Point aluminium smelter, sparking debate about grid stability and renewable energy integration as the Green Party calls for a moratorium on new AI data centres.

3 Sources

MiniMax Stock Surges 17.4% as H3 Multimodal AI Model Launches With 100+ Day 0 Partners

Chinese AI firm MiniMax released its H3 model, an open-source multimodal AI model generating 2K videos with stereo sound at less than one-third of competitor costs. The video-generation model attracted over 100 partners within 24 hours, including Huawei Ascend and AMD, while MiniMax stock surging 17.4% on launch day signals strong market confidence in the company's competitive positioning.

4 Sources

GoDaddy Stock Plunges 10.9% as Airo AI Transition Drags Bookings Despite Q2 Earnings Beat

GoDaddy shares tumbled 10.9% in pre-market trading after Q2 2026 earnings revealed the Airo AI-native platform transition created a 100-basis-point drag on bookings. Despite beating earnings estimates with $1.83 adjusted EPS, the company's narrowed annual revenue forecast and decelerating Applications and Commerce growth prompted a William Blair downgrade, highlighting near-term economic headwinds from the strategic AI shift.

4 Sources

Microsoft Jumps 8% While Meta Tanks 8.5% as AI Investments Split Big Tech

Microsoft shares surged 8% after reporting 43% Azure cloud business growth and 30 million paid Microsoft 365 Copilot seats, validating its $190 billion data-center buildout. Meanwhile, Meta Platforms dropped 8.5% on softer revenue forecasts and increased AI infrastructure spending, highlighting diverging investor sentiment on AI strategies.

2 Sources

Reddit CEO Steve Huffman Challenges Google AI Overviews as Referral Traffic Drops

Reddit CEO Steve Huffman criticized Google AI Overviews for failing to deliver the referral traffic that traditional search results once provided. Despite beating earnings expectations, Reddit's stock plummeted over 20% as investors worry about the platform's future amid changing web economics.

4 Sources

Apple May Charge Heavy Siri AI Users Through iCloud Plus Subscriptions

In his final earnings call as CEO, Tim Cook revealed Apple is considering charging power users for extended Siri AI access through iCloud Plus tiers. The announcement comes as the company prepares to roll out its long-delayed AI assistant upgrade with iOS 27 this fall, addressing mounting compute costs while competing in the AI assistant market.

13 Sources

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