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EXL Launches Go Beyond Brand as Data and AI Revenue Hits 60% After Two Decades on Nasdaq

EXL marked its 20th anniversary as a publicly listed company by unveiling its Go Beyond brand identity at Nasdaq. The data and AI leader now generates over 60% of revenues from data and AI-led services, reinforced by its iMerit acquisition that expanded AI model training capabilities across enterprise clients.

Business4 sources

EXL Launches Go Beyond Brand as Data and AI Revenue Hits 60% After Two Decades on Nasdaq

Business4 sources

Harvey Raises $550M at $15.5B Valuation, Acquires Guardrails AI as Legal AI Competition Heats Up

Legal AI startup Harvey closed a $550 million funding round at a $15.5 billion valuation, marking a 42% increase since March. The company also acquired AI agent security startup Guardrails AI while unveiling its first custom model, Harvey Tenet, as it races to dominate the legal services market against growing competition from Anthropic and OpenAI.

Startups8 sources

Harvey Raises $550M at $15.5B Valuation, Acquires Guardrails AI as Legal AI Competition Heats Up

Startups8 sources

Analog Devices Acquires Alif Semiconductor for $1.35 Billion to Advance Edge AI Capabilities

Analog Devices will acquire Alif Semiconductor for $1.35 billion in cash, marking a strategic push into edge computing. The deal combines ADI's sensing and signal-processing expertise with Alif's AI-native microcontrollers, enabling real-time intelligence in devices from factory systems to medical equipment without relying on data centers.

Technology7 sources

Analog Devices Acquires Alif Semiconductor for $1.35 Billion to Advance Edge AI Capabilities

Technology7 sources

Apple Acquires Sonera to Bring Neural Signal Sensors and Thought-Controlled Devices to Wearables

Apple quietly purchased Sonera in May 2026, a company developing non-invasive neural signal sensors that measure brain activity through magnetic fields. The chip-based magnetic sensor technology could enable thought-controlled devices and muscle monitoring in future Apple Watch and wearable products without requiring implants.

Business2 sources

Apple Acquires Sonera to Bring Neural Signal Sensors and Thought-Controlled Devices to Wearables

Business2 sources

Anthropic Cancels $6 Billion Decart AI Acquisition After Due Diligence

Anthropic has walked away from acquiring Israeli AI startup Decart AI in a $6 billion deal after completing due diligence. The acquisition was aimed at improving chip efficiency to help Anthropic manage growing demand for its Claude models ahead of a planned IPO that could value the company at $2 trillion.

Business7 sources

Anthropic Cancels $6 Billion Decart AI Acquisition After Due Diligence

Business7 sources

micro1 Offers $12.5M for Spirit Aviation Data, Outbidding Google in AI Training Records Battle

AI startup micro1 has submitted a $12.5 million competing bid for Spirit Aviation records, offering $2.5 million more than Google's approved deal. The counter-offer proposes an independent ombudsman and addresses privacy objections from labor unions, as the bankruptcy court prepares for a September 9 sale hearing.

Business2 sources

micro1 Offers $12.5M for Spirit Aviation Data, Outbidding Google in AI Training Records Battle

Business2 sources

G42 Considers US Ownership to Guarantee AI Chip Access Past April 2027 Deadline

Abu Dhabi-based AI firm G42 is in exploratory talks to sell a majority stake to American companies, seeking to secure access to advanced Nvidia AI chips beyond April 2027. The move follows escalating US export controls that now prioritize corporate ownership over geography, marking a shift in how Washington manages technology access to strategic partners.

Business2 sources

G42 Considers US Ownership to Guarantee AI Chip Access Past April 2027 Deadline

Business2 sources

AIAI Holdings to Acquire Controlling Interest in Messier 42 Defense Business for $250M

AIAI Holdings Corporation has entered into a letter of intent with Messier 42 LLC to acquire a controlling interest in a defense and national security company. The Messier 42 Defense Business is projected to generate $250 million in free cash flow within 12 months post-closing, with the transaction expected to finalize in Q4 2026.

Business3 sources

AIAI Holdings to Acquire Controlling Interest in Messier 42 Defense Business for $250M

Business3 sources

Adobe Acquires Rilo, PeakXV-Backed AI Startup, Less Than a Year After Launch

Adobe has acquired Indian AI startup Rilo, founded by IIT Bombay graduates in 2025, less than a year after its launch. Rilo built AI-powered workflow automation tools that attracted over 10,000 users by enabling marketers to automate tasks using natural language inputs. The acquisition strengthens Adobe's push into agentic AI and marketing automation.

Business2 sources

Adobe Acquires Rilo, PeakXV-Backed AI Startup, Less Than a Year After Launch

Business2 sources

Nvidia Buys Hugging Face for $13 Billion to Dominate Open-Source AI Development

Nvidia has acquired Hugging Face, the world's largest open-source AI platform, for $13 billion. The deal gives the chip giant control over 3 million AI models and 18 million developers. But questions remain about whether the platform will stay truly neutral under Nvidia's ownership.

Business71 sources

Nvidia Buys Hugging Face for $13 Billion to Dominate Open-Source AI Development

Business71 sources

SpaceX's $60 Billion Cursor Acquisition Puts Indian-Origin Aman Sanger in Spotlight

Aman Sanger, the 26-year-old co-founder of AI coding startup Cursor, finds himself at the center of Elon Musk's $60 billion SpaceX acquisition. The Indian-origin entrepreneur's journey from MIT student to billionaire has intensified as OpenAI ended its Cursor relationship, citing concerns about Musk and contractual issues.

Business3 sources

SpaceX's $60 Billion Cursor Acquisition Puts Indian-Origin Aman Sanger in Spotlight

Business3 sources

Palo Alto Networks Reports 34% Revenue Surge as CEO Warns of $1 Trillion AI Cybersecurity Gap

Palo Alto Networks exceeded fiscal Q4 expectations with revenue jumping 34% to $3.41 billion, driven by surging demand for AI cybersecurity solutions. CEO Nikesh Arora warned that roughly $1 trillion in legacy cybersecurity infrastructure must be modernized to defend against AI-powered threats operating at machine speed, marking a fundamental shift in how enterprises approach security.

Business15 sources

Palo Alto Networks Reports 34% Revenue Surge as CEO Warns of $1 Trillion AI Cybersecurity Gap

Business15 sources

GoPro Merges with Starman Optical, Pivots into AI Data Centers and Defense in $285M Deal

Action camera maker GoPro announced a $285 million merger with Starman Optical, pivoting into AI data centers and defense markets. Shareholders receive cash while retaining 10% ownership as the company adds optical transceivers to its product lineup alongside cameras.

Business4 sources

GoPro Merges with Starman Optical, Pivots into AI Data Centers and Defense in $285M Deal

Business4 sources

Tempus AI Draws Mixed Analyst Views as Cantor Fitzgerald Sets $80 Target on Platform Potential

Tempus AI Inc (NASDAQ:TEM) received contrasting analyst ratings this week, with Cantor Fitzgerald initiating coverage at Overweight with an $80 price target while Rothschild Redburn took a more cautious Neutral stance at $67. The divergence centers on whether the AI-driven precision medicine company's data business deserves platform-level valuation or remains a vendor play.

Business6 sources

Tempus AI Draws Mixed Analyst Views as Cantor Fitzgerald Sets $80 Target on Platform Potential

Business6 sources

Manus Resumes Independent Operations After China Blocks Meta's $2 Billion Acquisition Deal

AI startup Manus has formally resumed independent operations months after China blocked Meta's $2 billion acquisition. The regulatory intervention highlights Beijing's tightened controls on cross-border AI technology transactions and growing geopolitical tensions between the US and China over AI capabilities.

Business2 sources

Manus Resumes Independent Operations After China Blocks Meta's $2 Billion Acquisition Deal

Business2 sources

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