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Stripe eyes $10 billion acquisition of OpenRouter, the AI model marketplace linking developers to LLMs

Stripe is reportedly in talks to acquire OpenRouter for approximately $10 billion, marking a significant bet on AI infrastructure. The three-year-old startup operates a unified platform for AI models, giving developers access to over 400 large language models from 70 providers. The deal would represent a steep markup from OpenRouter's $1.3 billion valuation just two months ago.

Business2 sources

Stripe eyes $10 billion acquisition of OpenRouter, the AI model marketplace linking developers to LLMs

Business2 sources

Dassault Systèmes acquires ArisGlobal for $2 billion to strengthen AI in life sciences

French software giant Dassault Systèmes has agreed to acquire ArisGlobal, a life sciences software company, from Nordic Capital for up to $2 billion. The acquisition aims to capitalize on the industry's shift toward artificial intelligence and precision medicine, with additional payments tied to AI-related revenue targets.

Business2 sources

Dassault Systèmes acquires ArisGlobal for $2 billion to strengthen AI in life sciences

Business2 sources

ServiceNow invests $40 million in BusinessNext to accelerate autonomous banking with AI

ServiceNow has invested $40 million in Indian banking software specialist BusinessNext at a $700 million valuation, acquiring roughly 5% stake. The strategic partnership combines ServiceNow's workflow automation platform with BusinessNext's autonomous banking capabilities to deliver private AI solutions across global financial services. The deal positions both companies to capitalize on banks transitioning from digital experimentation to full-scale AI-led operations.

Business4 sources

ServiceNow invests $40 million in BusinessNext to accelerate autonomous banking with AI

Business4 sources

OpenAI and Anthropic embrace Australia's AI regulation as Chinese competition reshapes the market

Leading US AI companies OpenAI and Anthropic welcomed Australia's new AI regulation framework, even as their predicted market values dropped by billions following the launch of Moonshot AI's competitive Kimi K3 model. The regulatory support reveals a strategic play to establish favorable governance frameworks globally while positioning against Chinese AI competition.

Policy2 sources

OpenAI and Anthropic embrace Australia's AI regulation as Chinese competition reshapes the market

Policy2 sources

Glow raises $180M at $1.2B valuation to tackle AI endpoint security with prevention-first approach

Cybersecurity startup Glow emerged from stealth with $180 million in Series A funding at a $1.2 billion valuation, backed by Sequoia Capital and Cyberstarts. Founded by former Meta and Snowflake executives, the company deploys AI agents to prevent security threats on corporate devices before they emerge. But founder Roi Tiger's past with Onavo, Meta's controversial surveillance tool, adds complexity to the trust equation.

Technology4 sources

Glow raises $180M at $1.2B valuation to tackle AI endpoint security with prevention-first approach

Technology4 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.

Business2 sources

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

Business2 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.

Startups8 sources

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

Startups8 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.

Business17 sources

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

Business17 sources

London's Humanoid raises $152M Series A, hits unicorn status with Bosch manufacturing deal

London-based robotics startup Humanoid secured $152 million in Series A funding led by Prime Movers Lab, pushing its valuation to $1.35 billion. The round included participation from Bosch, Schaeffler, and LVMH's investment arm. Bosch will manufacture Humanoid's wheeled and bipedal robots at scale, giving the two-year-old startup access to one of Europe's largest manufacturing networks.

Business4 sources

London's Humanoid raises $152M Series A, hits unicorn status with Bosch manufacturing deal

Business4 sources

Tesla robotaxi mileage drops 36% as Elon Musk shifts tone on autonomous ride-hailing rollout

Tesla's robotaxi service drove 700,000 miles in Q2 2026, down from 1.1 million in Q1—a 36% decline despite expanding to six cities across Texas and Florida. CEO Elon Musk admitted the company needs to collect Cybercab-specific data before scaling, marking a shift from years of claims that millions of customer vehicles were training the system. The slowdown raises questions about Tesla's ability to compete with Waymo's four million weekly miles.

Technology7 sources

Tesla robotaxi mileage drops 36% as Elon Musk shifts tone on autonomous ride-hailing rollout

Technology7 sources

Morgan Stanley downgrades Salesforce stock as AI pivot struggles to deliver growth inflection

Morgan Stanley downgraded Salesforce from overweight to equal-weight, slashing its price target to $185 from $287. Despite aggressive AI initiatives including Agentforce and the $3 billion Fin acquisition, analyst Adam Wood says strong AI metrics haven't translated to organic growth as legacy portfolio issues persist. The stock has fallen 34% year to date.

Business2 sources

Morgan Stanley downgrades Salesforce stock as AI pivot struggles to deliver growth inflection

Business2 sources

Tesla burns $1.1 billion on AI bets as Musk pivots from cars to chips and robots

Tesla posted record vehicle deliveries of 480,126 units in Q2 2026, driving revenues up 26% to $28.2 billion. But the company burned through $1.1 billion in cash as Elon Musk doubled capital spending to $5.8 billion on AI chips, robotaxi expansion, and Optimus humanoid robots. Operating margins collapsed to just 1.4%, raising questions about how long investors will fund the shift from automaker to AI company.

Business17 sources

Tesla burns $1.1 billion on AI bets as Musk pivots from cars to chips and robots

Business17 sources

Adobe Stock Falls as Morgan Stanley Downgrades on AI Risks and Execution Concerns

Morgan Stanley downgraded Adobe to Underweight and slashed its price target from $365 to $240, citing AI risks and multiple strategic transitions. The stock fell 2.27% to $229.41, already trading below the new target, as the firm pointed to generative AI substitution threats, a shift to freemium models, and simultaneous leadership changes that complicate the company's path forward.

Business2 sources

Adobe Stock Falls as Morgan Stanley Downgrades on AI Risks and Execution Concerns

Business2 sources

OpenAI's $100 billion ad revenue target faces harsh reality as projections miss by 90%

OpenAI projected $2.5 billion in ad revenue for 2025 and $100 billion by 2030, but new analysis from Emarketer reveals a stark disconnect. The entire chatbot advertising market—including ChatGPT, Microsoft Copilot, and Google AI Mode—is expected to generate under $1 billion this year, falling dramatically short of OpenAI's ambitious targets.

Business3 sources

OpenAI's $100 billion ad revenue target faces harsh reality as projections miss by 90%

Business3 sources

Bezos backs CuspAI's $450M raise as startup launches AI Materials Foundry with Nvidia and Meta

Cambridge-based CuspAI has raised $450 million in Series B funding at a $2.6 billion valuation, with backing from Jeff Bezos and the UK government. The startup launched the AI Materials Foundry, partnering with Nvidia, Meta, Samsung, and over 45 organizations to use AI for discovering new materials for semiconductors, clean energy, and advanced manufacturing.

Startups6 sources

Bezos backs CuspAI's $450M raise as startup launches AI Materials Foundry with Nvidia and Meta

Startups6 sources

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