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Microsoft commits $60M to Genesis Mission, powering DOE's AI-for-science push across national labs

Microsoft is investing $60 million in the Department of Energy's Genesis Mission, a government-wide initiative using AI to accelerate scientific research. The commitment includes $40 million in Azure cloud credits and $20 million in engineering support, with Microsoft launching a new coordination hub called SPARK to streamline collaboration across DOE's 17 national labs.

2 Sources

Manulife expands Microsoft partnership with five-year AI deal targeting $1 billion in value

Manulife Financial has signed a five-year agreement with Microsoft to expand AI capabilities across global operations. The deal includes deploying Microsoft 365 Copilot to over 30,000 employees and adopting Microsoft Agent 365 for enterprise-scale AI agent management. The Canadian insurer expects to generate more than $1 billion in enterprise value by 2027.

2 Sources

AMD invests $5 billion in Anthropic, deploying 2 gigawatts of AI chips to challenge Nvidia

AMD announced a strategic partnership with Anthropic that includes investing up to $5 billion and deploying 2 gigawatts of computing capacity using its next-generation MI450 AI GPUs. The deal positions AMD to compete with Nvidia in the AI hardware market while securing critical computing power for Anthropic's Claude AI model as the industry faces a semiconductor shortage.

18 Sources

monday.com cuts 20% of workforce in strategic pivot to AI Work Platform

The Israel-based software company announced plans to eliminate roughly 620 positions as it restructures around AI agents and human collaboration. Despite the workforce reduction, monday.com raised its operating margin guidance to 15% and reaffirmed 19-20% revenue growth. Management emphasized the cuts enable reinvestment into product development and AI-driven growth rather than cost reduction.

2 Sources

Reddit and major publishers consider blocking Google as AI search decimates web traffic

Reddit and publishers including USA Today, Reuters, and Politico are reconsidering their relationship with Google as AI Overviews devastate referral traffic. Reddit's $60 million licensing deal is up for renewal, with traffic to some sites plunging over 85%. The move signals a potential breaking point in the decades-old arrangement between search engines and content creators.

5 Sources

22 Jul 2026

HFCL swings to profit with Rs 246 crore earnings as AI data centre demand drives growth

HFCL reported its highest-ever quarterly financial results with net profit at Rs 246 crore in Q1FY27, reversing a year-ago loss. Revenue soars 120% YoY to Rs 1,915 crore, driven by surging demand from hyperscale data centres and export growth. The company approved Rs 215 crore investment in AI infrastructure and raised its FY27 growth target to 40%.

2 Sources

AI surge pushes data centers to consume 20% of US electricity by 2035 as demand skyrockets to 194GW

Data centers are projected to consume one-fifth of U.S. electricity by 2035, up from 5.9% today, according to BloombergNEF. The firm raised its forecast to 194 gigawatts—an 83% jump from seven months ago—driven primarily by AI training and inference workloads. Even at record grid connection rates, analysts predict a 19-gigawatt supply shortfall.

2 Sources

Reddit considers ending Google AI deal as search traffic plummets across content publishers

Reddit is reconsidering its $60 million-a-year partnership with Google that allows the tech giant to train its Gemini AI models on Reddit's content. The decision comes as Google's AI summaries have drastically reduced website traffic, with some publishers experiencing drops exceeding 85%. Reddit stock fell 9% following the news, reflecting investor concerns about the platform's data monetization strategy.

2 Sources

Baird initiates Nebius with Outperform rating, sets $250 target on AI inference positioning

Baird launched coverage on Nebius Group with an Outperform rating and $250 price target, citing the company's strategic positioning as AI workloads shift from training to inference. The firm highlighted Nebius's full-stack AI infrastructure capabilities, diversifying customer base, and veteran management team from the Yandex carve-out as key factors driving growth in the AI cloud platform sector.

2 Sources

China tech giants recruit teenagers as young as 13 to combat AI talent shortage

China's biggest tech companies are recruiting teenagers, some as young as 13, to address a critical AI talent shortage. With McKinsey projecting a gap of 5 million AI workers by 2030, firms like Tencent, ByteDance, and Geely are launching camps and trainee programs targeting high school students, prioritizing skills over traditional degrees.

2 Sources

Samsung in talks to invest €1 billion in Mistral at €20 billion valuation

Samsung is in advanced discussions to invest up to €1 billion in French AI startup Mistral as part of a multibillion-euro fundraising round that could value the company at €20 billion. The move reflects growing demand for European AI alternatives and strengthens partnerships between AI developers and semiconductor suppliers amid an unprecedented chip crunch.

8 Sources

Google reports first negative cash flow ever as AI spending surges to $205 billion in 2026

Alphabet posted its first negative cash flow since going public—burning $5.9 billion in Q2 2026 despite record revenue of $119.8 billion. The company raised its AI infrastructure spending forecast to $205 billion this year, with plans to increase further in 2027, sending its stock down 4.5 percent and raising alarms across Big Tech.

17 Sources

Anthropic held talks to acquire Physical Intelligence as AI giants race into robotics

A weekend rumor about Anthropic acquiring robotics startup Physical Intelligence spread rapidly across AI Twitter, despite a denial from the company's CEO. The Information confirmed that Anthropic and Physical Intelligence actually held acquisition talks this spring, revealing the AI giant's interest in physical-world capabilities as it prepares for its IPO and competes with OpenAI in the race toward superintelligent systems.

2 Sources

OpenAI adds Nubank founder and BNY Mellon CEO to board of directors amid IPO preparations

OpenAI strengthens its board of directors with two prominent banking executives as it prepares for potential public listing. David Vélez, founder and CEO of Nubank, and Robin Vince, CEO of Bank of New York Mellon, join both the OpenAI Foundation and OpenAI Group PBC boards, bringing decades of financial services expertise to guide the AI company's enterprise expansion.

2 Sources

21 Jul 2026

Super Micro Computer secures $60 billion in orders as gross margins nearly double on AI boom

Super Micro Computer reported over $60 billion in new orders for its fourth quarter, sending shares up 16% in extended trading. The AI server maker now expects gross margins between 15% and 17%, nearly double its previous forecast of 8.2% to 8.4%, driven by strong demand for advanced AI infrastructure from tech companies and cloud providers building data centers.

8 Sources

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