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06 Aug 2025

AI Startup August Raises $7 Million to Revolutionize Midsize Law Firms

August, an AI startup founded by Columbia University alumni, has secured $7 million in seed funding to bring AI solutions to midsize law firms, aiming to increase efficiency and reduce costs in the legal sector.

5 Sources

AI-Powered Fintech Alaan Secures $48M in Series A Funding, Revolutionizing Spend Management in MENA

Alaan, a Dubai-based AI-powered spend management platform, has raised $48 million in Series A funding, marking one of the largest rounds for a fintech in the MENA region. The company is leveraging AI to streamline corporate expense management and expand its presence in the Middle East.

2 Sources

AMD Challenges Nvidia's AI Dominance with New Chips and Global Strategy

AMD is making significant strides in the AI chip market, challenging Nvidia's dominance with new products and strategies. The company's CEO, Lisa Su, outlines AMD's roadmap to become a full-stack AI infrastructure player.

7 Sources

05 Aug 2025

US Government Approves OpenAI, Google, and Anthropic as AI Vendors for Federal Agencies

The U.S. government has added OpenAI, Google, and Anthropic to its list of approved AI vendors for civilian federal agencies, allowing easier access to AI tools through a pre-negotiated contracting platform.

8 Sources

HSBC Raises S&P 500 Year-End Target to 6,400 Amid AI Boom and Easing Policy Uncertainty

HSBC has significantly increased its year-end target for the S&P 500 index to 6,400, citing the AI boom and reduced policy uncertainty as key factors driving market growth.

2 Sources

Abu Dhabi's MGX Considers $25 Billion AI Investment Fund

Abu Dhabi-based MGX is exploring the possibility of raising up to $25 billion for an AI investment fund, signaling a major push in the artificial intelligence sector.

3 Sources

Raja Koduri's Oxmiq Labs Unveils Revolutionary GPU IP for AI and Graphics

Legendary GPU architect Raja Koduri launches Oxmiq Labs, a startup developing innovative GPU hardware and software IP for AI and graphics workloads, with a focus on RISC-V architecture and CUDA compatibility.

7 Sources

TSMC Initiates Legal Action Over Potential Trade Secret Breach in Advanced Chip Technology

Taiwan Semiconductor Manufacturing Co (TSMC) has launched legal proceedings and taken disciplinary action against employees involved in a potential leak of trade secrets related to its advanced 2-nanometer chip technology.

5 Sources

Infineon Raises Profit Outlook Amid Semiconductor Market Recovery and AI Demand

German chipmaker Infineon has increased its full-year profit guidance following strong quarterly earnings, citing a recovering semiconductor market and growing demand from AI data centers.

2 Sources

Europe's Aging Power Plants Get AI-Driven Makeover as Data Centers

Tech giants like Microsoft and Amazon are repurposing old coal and gas power plants in Europe into data centers, leveraging existing infrastructure to meet the growing energy demands of AI technology.

2 Sources

Samsung Unveils Galaxy Z Fold 7 Enterprise Edition: A Business-Focused Foldable with Enhanced Support and AI Features

Samsung launches the Galaxy Z Fold 7 Enterprise Edition, a variant of its flagship foldable designed for business users, offering extended warranty, enhanced security, and AI-powered productivity tools.

2 Sources

U.S. Imposes 15% Revenue Share on Nvidia and AMD's AI Chip Sales to China Amid Escalating Tech Rivalry

The Trump administration has ordered Nvidia and AMD to pay 15% of their AI chip sales revenue to China to the U.S. government. This unprecedented move comes as part of ongoing efforts to control advanced technology exports and maintain U.S. dominance in the AI sector.

45 Sources

Broadcom Unveils Jericho4: A Game-Changer for Distributed AI Infrastructure

Broadcom introduces Jericho4, a next-generation ethernet fabric router designed to meet the growing demands of AI infrastructure, enabling distributed computing across multiple data centers.

2 Sources

Global M&A Hits $2.6 Trillion Peak, Fueled by AI Boom and Corporate Growth Strategies

Global dealmaking has reached a $2.6 trillion peak in the first seven months of 2025, the highest since the 2021 pandemic era, driven by AI-related transactions and corporate growth strategies despite economic uncertainties.

3 Sources

Fermi America's 'HyperGrid': Nuclear-Powered AI Data Center Planned for Texas

Fermi America announces plans for a massive nuclear-powered data center complex in Amarillo, Texas, partnering with Hyundai for nuclear reactor deployment. The project aims to meet the growing power demands of AI technologies.

2 Sources

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