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04 Aug 2026

EXL Completes $310M iMerit Acquisition to Accelerate Enterprise AI Leadership

ExlService Holdings completed its $310 million acquisition of iMerit, a leader in AI model training and evaluation. The deal combines EXL's enterprise data expertise with iMerit's generative AI capabilities and foundation model relationships. iMerit founder Radha Ramaswami Basu joins EXL's executive committee as the company builds an end-to-end AI platform for regulated industries.

3 Sources

ON Semiconductor Expects AI Data Center Revenue to Double in 2026 as Q2 Earnings Beat Estimates

ON Semiconductor reported second-quarter revenue of $1.6 billion, surpassing analyst expectations as demand for power management chips in AI data centers accelerated. CEO Hassane El-Khoury revealed the company prioritized AI data center customers over automotive clients, shifting manufacturing capacity to meet surging demand for intelligent power solutions.

5 Sources

Palantir Raises Revenue Forecast as AI Software Demand Drives 93% Growth in Q2 2026

Palantir lifted its annual revenue forecast to $8.15 billion after reporting 93% revenue growth in Q2 2026, driven by surging demand for its AI software. US commercial sales jumped 149% to $764 million as enterprises prioritize data sovereignty over reliance on frontier AI labs like OpenAI, Google, and Anthropic.

26 Sources

Zenity Raises $125M to Secure AI Agents as Autonomous Systems Pose New Enterprise Risks

Israel-based cybersecurity startup Zenity has raised $125 million in Series C funding round led by Norwest, with backing from SoftBank, Hitachi, and LG. The company focuses on securing AI agents that take autonomous actions inside enterprise systems, rather than just monitoring AI models or prompts.

2 Sources

OpenAI's $2,000-a-Night Influencer Trip Ignites Backlash Over AI Ethics and Environmental Impact

OpenAI flew influencers to a luxury $2,000-a-night resort for its first brand trip, sparking accusations of greenwashing. The timing couldn't be worse—days before a $500 billion data center deal and amid growing concerns about AI's environmental footprint. Critics called out the disconnect between nature retreats and energy-hungry infrastructure.

9 Sources

Lenovo Googlebook 15 Leaked Images Show Google's AI-Powered Laptop Design Ahead of Fall 2026 Launch

Leaked press images of Lenovo's Googlebook 15 reveal Google's new AI-driven laptop combining Android and ChromeOS into Aluminium OS. The 15.6-inch device features a dedicated Gemini G key, 14 function keys, and native Adobe Premiere Pro support, signaling a departure from budget Chromebooks toward premium AI-integrated computing.

7 Sources

AI Labs Face High Turnover as Elite Researchers Chase Money, Compute, and Mission

Anthropic's Dario Amodei expressed concern that new hires join for compensation rather than mission, sparking debate across the industry. Elite AI researchers continue moving between OpenAI, Google, Meta, and Anthropic despite massive pay packages, revealing that money alone cannot secure lasting loyalty in the talent war for AI's future.

2 Sources

Gemini AI's Connected Apps feature is replacing individual apps for productivity tasks

Google's Gemini AI assistant introduces Connected Apps, allowing users to control Gmail, Google Calendar, Keep, and Samsung apps from one interface. Early adopters report deleting individual apps entirely, citing improved workflow efficiency and reduced app clutter as AI-driven functionality consolidates daily tasks.

2 Sources

DeepSeek V4-Flash Emerges as Cheapest Major AI Model at $0.28 Per Million Tokens

Chinese AI startup DeepSeek launched V4-Flash, an open-weight AI model delivering competitive performance at $0.28 per million output tokens—making it the cheapest major AI model to run. The model scored 82.7 on Terminal Bench, outperforming DeepSeek's own Pro version while using a Mixture-of-Experts architecture with 284 billion parameters.

5 Sources

Google Play Accelerator India Selects 20 AI Startups for 2026 Cohort

Google announced 20 AI startups joining the 2026 cohort of Google Play Accelerator India. The three-month equity-free accelerator provides hands-on support in AI integration, app quality and security, growth and monetization while founders retain full ownership.

2 Sources

03 Aug 2026

Nvidia's CUDA Moat Faces First Real Threat as AI Coding Agents Build Rival Software in 10 Hours

Startup Infinity used AI coding agents to rebuild CUDA-like software for chip firm D-Matrix in just 10 hours, signaling a credible challenge to Nvidia's two-decade software dominance. As the AI chip market shifts from model training to inference workloads, chip-agnostic software and AI-generated code threaten to erode the technical moat that has kept Nvidia's dominance intact.

2 Sources

Prince Harry and Meghan Slam xAI's Challenge to Minnesota Ban on AI Deepfakes Targeting Children

Prince Harry and Meghan Markle issued a scathing statement criticizing Elon Musk's xAI for challenging Minnesota's groundbreaking ban on AI nudification technology. The royal couple's Archewell Philanthropies accused Big Tech of prioritizing profits over child safety as xAI seeks to block legislation that passed unanimously 65-0 in the state Senate.

3 Sources

Majestic Labs unveils Prometheus AI server with 128TB memory to challenge Nvidia's dominance

Tel Aviv startup Majestic Labs has unveiled Prometheus, a GPU-free server that uses up to 128TB of LPDDR6 memory and Arm cores to tackle AI's memory wall. The company claims one rack matches 25 Nvidia Vera Rubin racks at lower power, but hardware hasn't shipped or been independently tested yet.

2 Sources

Bharat Electronics Limited and Esri India Partner to Develop GIS and GeoAI Solutions for Defence

Bharat Electronics Limited and Esri India signed an MoU to collaborate on defence projects involving GIS, location intelligence and GeoAI. The partnership combines BEL's expertise in defence electronics with Esri India's geospatial capabilities to develop next-generation defence solutions, supporting the Make in India initiative and strengthening indigenous defence capabilities.

3 Sources

Anthropic Claude Brings In-Country Inference to India via Amazon Bedrock for Local Data Processing

Anthropic announced that its Claude AI models will soon offer in-country inference in India through Amazon Bedrock, processing requests on Indian servers. This addresses critical data residency concerns for regulated sectors like banking, insurance, and government agencies, marking a significant step in enterprise AI adoption across the country.

4 Sources

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