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24 Jun 2026

Superhuman acquires GPTZero to merge AI writing tools with detection capabilities

Superhuman has acquired GPTZero, the AI detection startup that helps identify AI-generated content. The deal brings together GPTZero's 19 million users and $30 million in annual recurring revenue with Superhuman's AI writing platform. The acquisition aims to build trust and transparency in AI workflows, though critics note the irony of an AI writing company buying an AI detector.

5 Sources

Kunal Shah takes WhatsApp helm as Meta doubles down on AI agents and fintech expansion

Meta has appointed Kunal Shah, founder of Cred, as the new global head of WhatsApp, replacing Will Cathcart. The move signals Meta's aggressive push into financial services and AI, with India's 500+ million WhatsApp users positioned as a testing ground for AI agents and conversational commerce.

3 Sources

23 Jun 2026

Backbase Acquires Kasisto to Advance Agentic Banking with AI-Native Solution

Dutch fintech Backbase has acquired Kasisto, an agentic AI platform serving 47 banking clients including JPMorgan Chase, TD Bank, and Westpac. The deal aims to create the first AI-native solution built specifically for agentic banking in regulated financial services, moving banks from isolated AI deployments to unified, governed intelligent execution.

2 Sources

Backblaze stock surges 32% on $335M CoreWeave deal for AI data storage infrastructure

Backblaze shares jumped 32% following a five-year, $335 million multi-exabyte data storage agreement with CoreWeave. The deal positions Backblaze to provide HDD-based storage tiers supporting AI Object Storage, helping optimize data placement for AI workloads across training, inference, and retrieval-augmented generation.

3 Sources

Google's online dominance shows cracks as users split between AI chatbots and non-AI search

Google still commands 90% of the search market, but the search engine landscape is shifting. DuckDuckGo install rates have surged up to 40% weekly, Microsoft Bing reached 1 billion users for the first time, and Google search traffic has dipped. Meanwhile, the company is losing top AI talent to OpenAI and Anthropic as competition intensifies in the AI era.

2 Sources

Info Edge's AI investments now worth Rs 1,827 crore as Bikhchandani bets big on deeptech

Sanjeev Bikhchandani's Info Edge has invested Rs 1,003 crore in 54 AI and deeptech startups since 2020, now valued at Rs 1,827 crore. The company's AI portfolio shows a 2.1x return multiple with 31% IRR, while its broader startup investments across 135 companies have grown from Rs 4,900 crore to Rs 41,300 crore, delivering an 8.4x multiple.

2 Sources

Tech selloff deepens as AI cost fears and hawkish Fed expectations trigger 2% Nasdaq plunge

Wall Street futures tumbled Tuesday with Nasdaq futures falling over 2% as investors grapple with dual pressures: mounting concerns about debt-funded AI spending and expectations of a more hawkish Federal Reserve. Semiconductor stocks led the decline, with major chipmakers dropping between 3.8% and 9%. The selloff threatens to erase over $1 trillion in Nasdaq 100 market value if losses hold.

3 Sources

TensorX Secures €8M and $1B Partnership to Build Europe's Sovereign AI Infrastructure

Dublin-based TensorX raised €8M in seed funding and partnered with Solstice on a $1 billion financing facility to expand sovereign AI infrastructure across the EU. The company is purchasing Nvidia Blackwell GPUs to deliver GDPR-compliant AI inference from EU-based data centers, targeting regulated industries that cannot send data abroad. Solstice will also launch aiUSX, a yield-bearing asset that lets companies finance the buildout with capital they already hold for AI.

5 Sources

Micron secures $22 billion in AI memory deals as chipmakers bet on breaking boom-bust cycle

Memory chip giants Micron, Samsung, and SK Hynix are forging long-term supply agreements worth billions to escape decades of volatility. Micron announced $22 billion in customer commitments, including deals with Nvidia, as high-bandwidth memory becomes the defining bottleneck in AI infrastructure. The shift treats memory as strategic necessity rather than commodity, with experts arguing AI has evolved from a compute race to a memory race.

9 Sources

Tech Sell-Off Shakes Markets as Investors Question AI Spending and Profitability

Major tech stocks tumbled for consecutive days as investor concerns over AI spending sustainability triggered a market sell-off. The Nasdaq dropped 2.2%, with chipmakers like Micron plunging 12% and Nvidia falling 4.2%. Questions about whether massive AI investments will generate profits are reshaping market sentiment after months of record highs.

10 Sources

SpaceX raises $25 billion in bond debut as AI expansion draws massive investor interest

Elon Musk's SpaceX has launched a $25 billion bond offering that attracted nearly $85 billion in orders, marking the company's first investment-grade debt issuance. The proceeds will refinance a bridge loan and support SpaceX's capital-intensive AI ambitions, requiring tens of billions for data centers, computing hardware, and power infrastructure as the newly public company expands beyond rockets.

3 Sources

Cerebras stock plummets 17% as AI chipmaker's first earnings report reveals margin pressures

Cerebras Systems delivered strong 92% revenue growth in its first earnings report since going public, but investor concerns over shrinking gross margins sent shares tumbling 17%. The AI chipmaker forecast full-year margins of 38-41%, significantly below rivals like Nvidia, highlighting the financial pressures of manufacturing wafer-scale AI chips despite securing major deals with OpenAI and Amazon.

8 Sources

GM installs 50 robots at Detroit EV plant as 1,300 workers remain laid off, sparking union clash

General Motors deployed 50 collaborative robots at its Factory Zero electric vehicle plant in Detroit while over 1,300 workers remain out of work following what was described as temporary layoffs. The move has ignited fierce criticism from the United Auto Workers union, which views the automation push as a direct threat to employment at a time when Chinese automakers are rapidly advancing dark factory capabilities.

2 Sources

SoftBank's Masayoshi Son rejects Elon Musk's orbital data centers as AI race heats up on Earth

SoftBank CEO Masayoshi Son dismissed Elon Musk's vision for orbital data centers, arguing that the costs of launching and maintaining space-based infrastructure far outweigh electricity savings. With SoftBank committing $65 billion to OpenAI and the Stargate project, Son insists the AI race will be decided on Earth in the next few years, not in orbit a decade from now.

4 Sources

Qualcomm acquires AI chip startup Modular for $4 billion to challenge Nvidia's dominance

Qualcomm announced a $4 billion all-stock acquisition of AI infrastructure startup Modular, gaining software that runs AI models across different chips without custom coding. The deal positions Qualcomm to challenge Nvidia's CUDA platform while expanding its presence in the booming data center market as it reduces reliance on smartphone chips.

9 Sources

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