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DeepSeek suspends second funding round after Liang Wenfeng's viral comments on AI rivalry

Chinese AI startup DeepSeek has paused its second fundraising round targeting at least 10 billion yuan after founder Liang Wenfeng's comments on US-China AI competition went viral online. The suspension comes weeks after the company closed a record $7 billion first round and as it prepares for a potential IPO this year.

Business6 sources

DeepSeek suspends second funding round after Liang Wenfeng's viral comments on AI rivalry

Business6 sources

Anduril pursues $100B valuation funding round, tripling value in months as defense tech surges

Defense tech company Anduril is in talks to raise capital at a $100 billion valuation, more than tripling the $61 billion mark it achieved just months ago in May. The fundraise reflects surging demand for AI-powered defense technologies and autonomous systems as conflicts in the Middle East and Eastern Europe drive an unprecedented revival in the sector.

Business2 sources

Anduril pursues $100B valuation funding round, tripling value in months as defense tech surges

Business2 sources

Carnegie Mellon PhD Yang Zhilin builds Moonshot AI into $50bn powerhouse rivaling OpenAI

Yang Zhilin, a 34-year-old Carnegie Mellon PhD who turned down Silicon Valley offers, has built Moonshot AI into a $50 billion Chinese AI powerhouse. The company's Kimi K3 model rivals leading U.S. systems from OpenAI and Anthropic while operating at lower costs. After pivoting to open-source development and pure model training, Moonshot reached $300 million in annual recurring revenue and triggered a Wall Street sell-off comparable to DeepSeek's market impact.

Technology2 sources

Carnegie Mellon PhD Yang Zhilin builds Moonshot AI into $50bn powerhouse rivaling OpenAI

Technology2 sources

Genesis AI in talks to raise $500M at $3B valuation for robot foundation models

Genesis AI, the robotics startup building foundation models for robots, is reportedly in discussions to raise about $500 million at a $3 billion pre-money valuation. The physical-AI startup emerged from stealth just last July with a $105 million seed round, and the new funding round would mark a steep climb for the company developing its universal robotics model GENE-26.5.

Startups2 sources

Genesis AI in talks to raise $500M at $3B valuation for robot foundation models

Startups2 sources

Stripe in talks to buy OpenRouter for $10 billion as AI infrastructure race intensifies

Stripe, the $159 billion payments giant, is pursuing OpenRouter for roughly $10 billion—nearly eight times the AI model marketplace's $1.3 billion valuation from May. The deal would position Stripe as the toll booth between AI labs and businesses, controlling a fast-growing slice of corporate AI spending as tokens become the new currency.

Business7 sources

Stripe in talks to buy OpenRouter for $10 billion as AI infrastructure race intensifies

Business7 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

Nebius Group earnings spotlight AI infrastructure deals as profitability questions emerge

Nebius Group reports second-quarter results as analysts debate whether major customer wins from Nvidia, Meta, and Microsoft can offset near-term losses. Baird initiates coverage with an Outperform rating, citing the company's positioning as AI workloads shift from training to inference. The stock has surged 108% year-to-date despite concerns about the path to profitability.

Business3 sources

Nebius Group earnings spotlight AI infrastructure deals as profitability questions emerge

Business3 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 free cash flow ever as AI spending reaches $205 billion in 2026

Google has posted negative free cash flow for the first time since going public over two decades ago, burning $5.8 billion in Q2 2026 as AI-related capital expenditures surge to unprecedented levels. The tech giant now expects to spend up to $205 billion on AI infrastructure this year, raising concerns about whether massive investments will translate into profitable returns.

Business24 sources

Google reports first negative free cash flow ever as AI spending reaches $205 billion in 2026

Business24 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

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