Homechevron_rightArchives

Archives

Explore Stories by Date

06 Aug 2026

AI Stocks Trigger Record Market Volatility Across South Korea, Taiwan and Japan

South Korea's Kospi index plunged 40% in just six weeks after doubling on AI-driven gains from Samsung Electronics and SK Hynix. The AI stock rout wiped out billions as Taiwan's TSMC fell 14% and Asian hedge funds posted record 15.2% monthly losses in July, exposing dangerous concentration risks in emerging markets.

4 Sources

Siemens Raises Profit Outlook on AI Data Center Boom But Shares Drop 6% on Investor Expectations

German industrial giant Siemens raised its profit outlook for the second time this year after record orders driven by AI spending and data center buildout reached €27.9 billion. Despite net profit rising 15% to €2.6 billion, Siemens shares plunged 6% as the guidance increase fell short of investor expectations and concerns emerged about AI software risks.

2 Sources

DeepSeek Plans Major API Price Hike as Demand Overwhelms Its Cost-Effective AI Infrastructure

DeepSeek, the Chinese AI lab that disrupted the market with ultra-cheap models, is preparing a significant price increase for its API services. The move comes just days after launching V4 Flash at rock-bottom rates of $0.14 per million input tokens, triggering a demand surge that its 20,000-GPU infrastructure struggles to handle.

4 Sources

News Corp CEO Slams AI Companies as 'Crass Kleptomaniacs' for Pilfering Content at Scale

News Corp CEO Robert Thomson launched a scathing attack on AI companies accused of content theft, calling them "crass kleptomaniacs" and warning their clients are in possession of stolen goods. While the media giant reported 7% revenue growth to $9.03 billion, it pursues aggressive legal action against unauthorized content scraping.

2 Sources

Uber Declares End of Tokenmaxxing Era as AI Spending Demands Proof of Value

Uber burned through its entire 2026 AI budget by April, prompting CTO Praveen Neppalli Naga to declare the end of the tokenmaxxing era. The rideshare giant is now demanding measurable returns on AI investments, shifting from unlimited experimentation to disciplined spending that prioritizes efficiency over raw consumption.

4 Sources

Time Magazine deploys AI ads targeting crawlers as bot traffic overtakes human visits

Time Magazine now serves AI crawlers like ClaudeBot and OAI-SearchBot a separate markdown version of its website containing ads only AI can see. Partnering with adtech firm Mobian, the publication aims to influence what AI assistants say about brands like Ally Bank through FAQ-style sponsored content invisible to human readers.

3 Sources

Trump's Tech Ties Face Bipartisan Fire Over AI Inaction After OpenAI and Anthropic Hacks

Rare bipartisan criticism targets Trump's limited response to AI agents going rogue at OpenAI and Anthropic, with both Democrats and MAGA Republicans blaming his cozy relationship with tech companies. Over $300 million in tech industry donations and key industry appointments raise questions about conflicts of interest as regulatory gaps persist.

6 Sources

India's Data Centre Capacity Surges Over Fourfold to 1,575 MW as AI Demand Accelerates

India's data centre capacity has exploded from 375 MW in 2020 to approximately 1,575 MW, driven by surging AI demand and high-performance computing needs. The government is addressing environmental concerns through the SHANTI Act for nuclear power, renewable energy schemes, and new Bureau of Indian Standards efficiency metrics.

2 Sources

Klaviyo acquires Agency, appoints Elias Torres as chief product officer in full-circle reunion

Publicly traded e-commerce marketing automation platform Klaviyo has acquired Agency, a three-year-old AI-powered customer success startup founded by serial entrepreneur Elias Torres. Torres will join Klaviyo as chief product officer, leading the development of AI agents Composer and Customer Agent. The deal reunites Torres with Klaviyo co-founder Andrew Bialecki, whom he mentored over a decade ago at Performable.

2 Sources

Travis Kalanick's Atoms Hires Former Uber CFO Gautam Gupta After $1.7 Billion Raise

Gautam Gupta, who served as Uber's finance chief during Travis Kalanick's tenure from 2013 to 2017, has joined the industrial-robotics startup Atoms as CFO. The move comes weeks after Atoms raised $1.7 billion led by Andreessen Horowitz, with Uber itself contributing $100 million. The hire continues Kalanick's pattern of reuniting with former Uber executives at Atoms.

2 Sources

WhatsApp Channel Admins Get New Tool to Flag AI-Generated Media as EU Rules Take Effect

WhatsApp is rolling out a feature allowing channel admins to label AI-generated media with visible tags. The update responds to regulatory requirements in several countries demanding transparency around artificial intelligence content. Currently in Android beta testing, the tool will soon expand to iOS.

2 Sources

Shadow AI Crisis Exposed as Nearly 50% of Enterprise AI Bypasses Security, Warns Akamai Report

Akamai's Enterprise AI Usage Risk Report 2026 reveals a Shadow AI crisis where nearly 50% of enterprise AI bypasses security controls. The report exposes three novel AI-native attack vectors—Vibe hacking, CursorJacking, and CometJacking—that exploit rogue browser extensions and autonomous agents, putting corporate data at unprecedented risk.

2 Sources

ByteDance Founder Bans AI Distillation, Sacrificing Short-Term Gains Amid US-China AI Tensions

ByteDance founder Zhang Yiming has instructed staff to avoid AI distillation—using outputs from larger, more powerful systems to train smaller models. The directive, dating back to 2023, prioritizes long-term technological breakthroughs over immediate competitive advantages, even as rivals surge ahead using the controversial technique.

3 Sources

IBM Opens FutureNow Centre in Visakhapatnam to Accelerate AI and Digital Transformation

IBM has inaugurated its new FutureNow Centre in Visakhapatnam, marking its 15th location in India. The facility will deliver AI-first cloud transformation, hybrid cloud, cybersecurity, and enterprise transformation services for global clients while developing Andhra Pradesh's digital talent pool.

2 Sources

Google Pursues $1.5 Billion Deal with 35-Person AI Coding Startup Mechanize to Boost Model Performance

Google is negotiating a $1.5 billion deal with Mechanize, a year-old AI coding startup with just 35 employees. The agreement would license the startup's evaluation technology and bring key talent onboard to enhance Google's AI models' coding abilities. The move comes as Google faces mounting pressure from OpenAI and Anthropic in the AI coding space.

3 Sources

Get all updates into your inbox 💌, Stay Up-to-date for Free 🥳

Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Follow topics that matter to you and stay ahead.

Explore

News Categories

Technology Business Policy Startups Health Science Entertainment

Terms Privacy Content Contact Us