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Andrew Ng launches LearnVector with $100 million to train workers as AI reshapes jobs

Andrew Ng, Coursera co-founder, unveiled LearnVector with $100 million backing to teach white-collar workers new skills to adapt as AI transforms professional work. The AI-powered ed tech startup will use AI agents as personal tutors to deliver adaptive courses, with first products launching early 2027.

Startups2 sources

Andrew Ng launches LearnVector with $100 million to train workers as AI reshapes jobs

Startups2 sources

AI Stock Sell-Off Hammers Chipmakers as South Korean Market Plunges 25% in Month

The South Korean stock market faced unprecedented turmoil as AI stock sell-off intensified, with trading halted after the Kospi plunged 8 percent. SK Hynix shares dropped 45 percent from June highs despite record profits, while Samsung Electronics fell over 9 percent, wiping $570 billion off market value and raising questions about the sustainability of AI spending.

Business18 sources

AI Stock Sell-Off Hammers Chipmakers as South Korean Market Plunges 25% in Month

Business18 sources

Apple's Record Quarter Overshadowed by AI-Driven Supply Constraints and Rising Memory Costs

Apple delivered its strongest June quarter ever with iPhone revenue hitting $54.25 billion, yet shares tumbled over 7% as supply constraints and soaring memory costs cast shadows over future growth. Tim Cook's final earnings call as CEO revealed a company caught between record demand and a memory shortage some call "Ramageddon."

Business11 sources

Apple's Record Quarter Overshadowed by AI-Driven Supply Constraints and Rising Memory Costs

Business11 sources

Steve Eisman Warns AI Investment Has Become 'One Dangerous Trade' After Selling Alphabet Stake

Steve Eisman, the Big Short investor, sold his longtime Alphabet stake and reduced AI exposure, warning that concentrated AI investment across stocks and bonds could trigger a significant market correction. With Alphabet raising capital expenditures to $205 billion and posting negative free cash flow, Eisman says investor expectations may be outpacing returns on massive AI infrastructure spending.

Business3 sources

Steve Eisman Warns AI Investment Has Become 'One Dangerous Trade' After Selling Alphabet Stake

Business3 sources

Multiverse Computing targets $570M Series C to shrink AI models and slash inference costs

Spanish AI startup Multiverse Computing has opened a $570M Series C funding round at a $1.7B valuation, betting that AI model compression will outpace the race for scale. The company's CompactifAI technology uses tensor networks from quantum physics to shrink large language models by up to 95% with minimal accuracy loss, targeting the growing inference cost burden facing enterprises.

Startups2 sources

Multiverse Computing targets $570M Series C to shrink AI models and slash inference costs

Startups2 sources

Moonshot AI Releases Kimi K3 Open-Weight Model with 2.8 Trillion Parameters

Chinese AI startup Moonshot AI released the full weights for Kimi K3, a 2.8 trillion parameter open-weight model that rivals GPT-5.6 Sol and Claude Fable 5. While developers can now download and modify the model, running it requires data-center-level infrastructure costing $550,000-$700,000. The release has sparked US policy debates and includes a custom license with revenue-based restrictions.

Technology7 sources

Moonshot AI Releases Kimi K3 Open-Weight Model with 2.8 Trillion Parameters

Technology7 sources

CXMT shares surge 466% in blockbuster $8.6 billion IPO as China's memory chipmaker rides AI boom

ChangXin Memory Technologies became mainland China's most valuable company after its shares rocketed over 466% on debut, raising $8.6 billion in the country's biggest IPO since 2010. The DRAM memory chipmaker's meteoric rise reflects surging AI-driven demand, but faces challenges from U.S. export restrictions and geopolitical tensions.

Business10 sources

CXMT shares surge 466% in blockbuster $8.6 billion IPO as China's memory chipmaker rides AI boom

Business10 sources

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

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