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Micron Technology posts record margins, expands AI memory capacity with Taiwan fab acquisition

Micron Technology delivered a blockbuster Q2 with record margins and revenue across DRAM, NAND, and HBM products. The company closed its $1.8 billion acquisition of a Taiwan manufacturing facility and announced plans for a second site, while signing multi-year strategic customer agreements to meet surging AI memory demand. Analysts raised price targets to as high as $600, though some warn margins may have peaked.

Business3 sources

Micron Technology posts record margins, expands AI memory capacity with Taiwan fab acquisition

Business3 sources

Micron Technology plans second Taiwan facility to meet surging AI demand for advanced chips

Micron Technology announced plans to build a second chip manufacturing facility at its newly acquired Tongluo site in Taiwan. The expansion targets increased production of advanced DRAM products and high-bandwidth memory to serve artificial intelligence applications. Construction begins by the end of fiscal 2026, reinforcing Taiwan's role as a critical semiconductor production hub.

Business3 sources

Micron Technology plans second Taiwan facility to meet surging AI demand for advanced chips

Business3 sources

Travis Kalanick emerges from 8-year stealth mode with Atoms, a robotics company betting against humanoids

Uber founder Travis Kalanick has launched Atoms, a specialized industrial robotics company that's been operating in stealth since 2017. The venture absorbs his ghost kitchen company CloudKitchens and targets food, mining, and transport sectors with task-specific wheeled robots rather than humanoids, challenging the industry's current focus on general-purpose machines.

Technology5 sources

Travis Kalanick emerges from 8-year stealth mode with Atoms, a robotics company betting against humanoids

Technology5 sources

Elon Musk admits xAI needs total rebuild as 9 of 11 co-founders exit amid internal chaos

Elon Musk acknowledged that xAI wasn't built right the first time and requires a complete rebuild from the ground up. The admission comes as the AI startup hemorrhages talent, with only 2 of 11 original co-founders remaining after a brutal restructuring driven by its failure to compete with OpenAI and Anthropic in AI coding tools.

Business16 sources

Elon Musk admits xAI needs total rebuild as 9 of 11 co-founders exit amid internal chaos

Business16 sources

Nvidia GTC 2026: Jensen Huang shifts focus from chips to AI agents with NemoClaw launch

At Nvidia's annual GTC developer conference in San Jose, CEO Jensen Huang unveiled NemoClaw, an open-source platform for building AI agents, marking a strategic pivot beyond hardware. The chipmaker also detailed its $20 billion Groq technology integration to accelerate AI inference and showcased next-generation Rubin GPUs, positioning itself as the operating system for AI's future.

Technology27 sources

Nvidia GTC 2026: Jensen Huang shifts focus from chips to AI agents with NemoClaw launch

Technology27 sources

Zendesk acquires Forethought AI in largest deal in two decades to dominate agentic service era

Zendesk is acquiring Forethought, the 2018 TechCrunch Battlefield winner that pioneered AI customer service years before ChatGPT existed. The deal, Zendesk's largest in 20 years, brings self-improving AI agents that handle over a billion monthly customer interactions. Zendesk projects 2026 as the year AI agents will surpass human service, accelerating its product roadmap by over a year.

Technology4 sources

Zendesk acquires Forethought AI in largest deal in two decades to dominate agentic service era

Technology4 sources

Google completes $32 billion Wiz acquisition to build AI-powered cloud security platform

Google has finalized its largest-ever acquisition, bringing cloud security startup Wiz into Google Cloud for $32 billion in cash. The deal aims to create a unified AI-powered cybersecurity platform that detects emerging AI-generated threats while maintaining support for AWS and Microsoft Azure customers across multicloud environments.

Business3 sources

Google completes $32 billion Wiz acquisition to build AI-powered cloud security platform

Business3 sources

Musk unveils Macrohard as Tesla-xAI project aims to emulate entire software companies with AI agents

Elon Musk announced Macrohard, a joint Tesla-xAI project combining Grok's large language model with Tesla's Digital Optimus agent to simulate software company functions. The system runs on Tesla's $650 AI4 chip paired with xAI's Nvidia hardware. But the announcement contradicts Musk's 2024 claims that Tesla had no need for xAI technology, intensifying an ongoing shareholder lawsuit over conflict of interest.

Technology10 sources

Musk unveils Macrohard as Tesla-xAI project aims to emulate entire software companies with AI agents

Technology10 sources

Meta acquires Moltbook to build infrastructure for AI agents on the agentic web

Meta has acquired Moltbook, the Reddit-like social network for AI agents that went viral for posts appearing to show bots organizing against humans. The acquisition brings founders Matt Schlicht and Ben Parr to Meta Superintelligence Labs, signaling Meta's push to build infrastructure for an agentic web where AI systems act independently on users' behalf.

Technology36 sources

Meta acquires Moltbook to build infrastructure for AI agents on the agentic web

Technology36 sources

MariaDB acquires GridGain to build sub-millisecond infrastructure for AI applications

MariaDB is acquiring in-memory computing pioneer GridGain Systems to create a unified platform for AI agents requiring real-time data access. The deal combines MariaDB's database with GridGain's Apache Ignite technology to deliver sub-millisecond data processing, addressing the unprecedented demands of agentic workloads that traditional disk-based systems struggle to handle.

Technology2 sources

MariaDB acquires GridGain to build sub-millisecond infrastructure for AI applications

Technology2 sources

OpenAI acquires Promptfoo to secure its AI agents as enterprise deployment accelerates

OpenAI has acquired Promptfoo, an AI security startup that helps companies test security vulnerabilities in LLMs. The deal integrates Promptfoo's automated red-teaming technology into OpenAI Frontier, the enterprise agent management platform launched last month. With over 25% of Fortune 500 companies already using Promptfoo's tools, the acquisition signals OpenAI's commitment to making AI agents safe for critical business operations.

Technology12 sources

OpenAI acquires Promptfoo to secure its AI agents as enterprise deployment accelerates

Technology12 sources

KKR eyes $3 billion sale of CoolIT Systems as data center cooling demand surges

Private equity firm KKR is working with advisers on a potential sale of CoolIT Systems for over $3 billion. The data center cooling company specializes in liquid cooling technologies for AI and computing systems. The move reflects surging demand in the data center industry as high-powered AI and cloud servers require advanced cooling solutions beyond traditional air systems.

Business3 sources

KKR eyes $3 billion sale of CoolIT Systems as data center cooling demand surges

Business3 sources

Marvell Technology stock soars 16% as AI chips drive revenue forecast to nearly $11 billion

Marvell Technology's stock jumped over 16% after the chipmaker raised its revenue forecast to nearly $11 billion for fiscal 2027, driven by surging demand for custom AI processors from Big Tech companies. The company's fourth-quarter results topped estimates with $2.22 billion in revenue, while CEO Matt Murphy highlighted record design wins that will fuel future growth in the booming AI infrastructure market.

Business8 sources

Marvell Technology stock soars 16% as AI chips drive revenue forecast to nearly $11 billion

Business8 sources

Netflix acquires Ben Affleck's AI filmmaking startup to enhance post-production capabilities

Netflix has acquired InterPositive, an AI filmmaking company founded by Ben Affleck in 2022. The startup develops AI tools for film production that help with post-production tasks like color correction, visual effects, and continuity fixes. Affleck joins Netflix as senior advisor while the streaming giant emphasizes the technology will empower storytellers rather than replace them.

Technology22 sources

Netflix acquires Ben Affleck's AI filmmaking startup to enhance post-production capabilities

Technology22 sources

Oura acquires Doublepoint to bring gesture controls to its $11 billion smart ring platform

Smart ring leader Oura has acquired Helsinki-based Doublepoint Technologies to integrate gesture recognition technology into future products. The deal brings AI-powered hand gesture controls that could transform how users interact with Oura's smart rings, though CEO Tom Hale cautions implementation won't happen immediately. The acquisition follows Oura's valuation of $11 billion and targets of over $1.5 billion in sales for 2026.

Technology4 sources

Oura acquires Doublepoint to bring gesture controls to its $11 billion smart ring platform

Technology4 sources

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