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Dow Jones hits record as AI shares show volatile recovery across global stock markets

Global stock markets experienced a mixed session as the Dow Jones Industrial Average reached a new record high of 52,900.07, while AI shares demonstrated sharp volatility. South Korea's Kospi rebounded 5.8% after an 8% plunge, with Samsung Electronics and SK Hynix leading gains. However, concerns persist about whether AI spending on chips and data centers will deliver expected returns.

Business2 sources

Dow Jones hits record as AI shares show volatile recovery across global stock markets

Business2 sources

Kling AI raises $2 billion as Kuaishou spins off its AI video generation unit with Tencent backing

Kling AI has secured $2 billion in venture capital funding as Kuaishou spins off its AI video generation subsidiary, with tech giant Tencent investing $200 million despite operating a competing platform. The funding round values the company at $18 billion post-money and positions it to fill the gap left by OpenAI's Sora shutdown while competing against ByteDance's Seedance in the rapidly expanding AI-generated video market.

Startups4 sources

Kling AI raises $2 billion as Kuaishou spins off its AI video generation unit with Tencent backing

Startups4 sources

Kioxia's $250 billion comeback: AI boom drives next-gen memory mass production in Japan

Japanese chipmaker Kioxia has seen its shares surge more than sevenfold this year to a market capitalization exceeding $250 billion, surpassing Toyota Motor. The dramatic comeback is fueled by the AI boom's growing demand for high-capacity NAND memory as usage expands from training to inference, positioning the once-struggling company years ahead of rivals.

Technology2 sources

Kioxia's $250 billion comeback: AI boom drives next-gen memory mass production in Japan

Technology2 sources

Crusoe seeks $3 billion funding as AI computing power demand drives valuation to $30 billion

AI data center startup Crusoe is in talks to raise $3 billion in a funding round that may triple its valuation to around $30 billion, according to Bloomberg News. The company, which supplies AI computing power to Meta, Oracle, Microsoft, and Google, has contracts for nearly 5 gigawatts of computing capacity with over 40 gigawatts in its project pipeline.

Startups2 sources

Crusoe seeks $3 billion funding as AI computing power demand drives valuation to $30 billion

Startups2 sources

ElevenLabs explores $22 billion valuation through employee stock sale, doubling its worth

AI voice generation firm ElevenLabs is in early discussions for a secondary share sale that would value the company at $22 billion, according to Bloomberg News. The proposed valuation represents a 100% increase from its $11 billion Series D round just five months ago, as AI startups intensify efforts to retain top talent through employee stock sales.

Startups3 sources

ElevenLabs explores $22 billion valuation through employee stock sale, doubling its worth

Startups3 sources

Jeff Bezos backs five AI startups in June as family office leads 2026 investment surge

Jeff Bezos' family office invested in five AI startups in June, accounting for 10% of all family office dealmaking. Bezos Expeditions is now the most active family office investor in 2026 with eight direct investments, including a $12 billion Series B for Prometheus, where Bezos serves as co-founder and co-CEO.

Startups2 sources

Jeff Bezos backs five AI startups in June as family office leads 2026 investment surge

Startups2 sources

Chip stocks plunge up to 11% as Meta's cloud plans trigger AI computing capacity concerns

Major chip stocks including Micron, Intel, and AMD fell sharply after a record-breaking rally, driven by concerns over potential AI computing oversupply. Meta Platforms' plans to monetize excess capacity and OpenAI's efficiency gains sparked a reassessment of lofty valuations across the semiconductor sector, though Asian markets showed early signs of recovery.

Business4 sources

Chip stocks plunge up to 11% as Meta's cloud plans trigger AI computing capacity concerns

Business4 sources

AI Boom Drives Global Venture Funding to Record $510 Billion in H1 2026

Global venture funding reached an unprecedented $510 billion in the first half of 2026, surpassing all of 2025's investment and setting a new benchmark for startup capital. The AI boom concentrated heavily in frontier labs, with OpenAI and Anthropic capturing $217 billion—43% of all funding. Meanwhile, exits surged as SpaceX completed the largest venture-backed IPO ever at $1.77 trillion and acquired Anysphere for $60 billion.

Business2 sources

AI Boom Drives Global Venture Funding to Record $510 Billion in H1 2026

Business2 sources

SoftBank revives $10 billion loan talks backed by OpenAI stake with new repayment guarantee

SoftBank has reopened negotiations for a $10 billion loan backed by its OpenAI stake, adding a repayment guarantee to address lender concerns about valuing private AI companies. The move is part of Masayoshi Son's aggressive AI investment strategy, with the company having committed over $60 billion to OpenAI and related infrastructure projects while facing a March 2027 deadline to repay a $40 billion bridge loan.

Business3 sources

SoftBank revives $10 billion loan talks backed by OpenAI stake with new repayment guarantee

Business3 sources

OpenAI proposes giving US government 5% stake worth $42.6 billion amid regulatory pressure

OpenAI CEO Sam Altman is in talks with the Trump administration about handing over a 5% equity stake valued at $42.6 billion. The proposal aims to share AI-driven economic growth with the public through a sovereign wealth fund similar to Alaska's oil dividend model. The move comes as AI companies face mounting political pressure and public skepticism.

Policy28 sources

OpenAI proposes giving US government 5% stake worth $42.6 billion amid regulatory pressure

Policy28 sources

Bending Spoons IPO hits $18 billion valuation as AI transforms aging internet brands

Milan-based Bending Spoons went public on the Nasdaq with an $18 billion valuation, with shares jumping 40% by market close. The Italian company has spent over a decade acquiring beloved but struggling internet brands like AOL, Vimeo, and Evernote, transforming them through AI and operational excellence rather than flipping them for profit.

Business2 sources

Bending Spoons IPO hits $18 billion valuation as AI transforms aging internet brands

Business2 sources

Venice AI reaches unicorn status with $65M Series A as privacy concerns fuel growth

Venice AI has raised $65 million in Series A funding at a $1 billion valuation, becoming a unicorn in just two years. The privacy-focused AI platform founded by crypto entrepreneur Erik Voorhees and Seattle tech veteran Jesse Proudman now serves 3 million users who value privacy over surveillance. The company is already profitable with over $70 million in annualized revenue.

Startups4 sources

Venice AI reaches unicorn status with $65M Series A as privacy concerns fuel growth

Startups4 sources

Together AI raises $800M at $8.3B valuation as companies shift to cost-effective AI models

Together AI has secured $800 million in Series C funding led by Aramco Ventures, more than doubling its valuation to $8.3 billion. The AI neocloud provider reports over $1.15 billion in annual bookings as companies increasingly adopt open-source AI models to reduce costs. The funding comes as demand for alternatives to expensive closed AI systems surges across the industry.

Startups6 sources

Together AI raises $800M at $8.3B valuation as companies shift to cost-effective AI models

Startups6 sources

NextBoat partners with MarineMax to deploy AI platform across world's largest boat retailer

NextBoat has secured a landmark partnership with MarineMax, the world's largest recreational boat and yacht retailer, to deploy its AI platform for wholesale and trade-in operations. The deal routes MarineMax's pre-owned inventory through NextBoat's AI-powered system, which uses real transaction data to modernize vessel valuations and wholesale transactions. The partnership includes financing and insurance revenue opportunities through Newcoast.

Technology2 sources

NextBoat partners with MarineMax to deploy AI platform across world's largest boat retailer

Technology2 sources

Jim Cramer says the AI trade has shifted to suppliers as Intel surges 254% year to date

CNBC's Jim Cramer identifies a major shift in Wall Street's approach to AI investing. While the Magnificent Seven shed $2.3 trillion in June, AI infrastructure suppliers like Intel, Micron, and AMD are leading gains. Cramer calls Intel a 'national treasure' as memory chips and networking equipment shortages reward component makers over big tech spenders.

Business2 sources

Jim Cramer says the AI trade has shifted to suppliers as Intel surges 254% year to date

Business2 sources

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