Prentis, a new AI lab focused on computer-use models, is in talks to raise $100 million at a $1 billion valuation, according to two people familiar with the discussions.
Microsoft and 20+ partners advocate open-weight AI to strengthen U.S. tech leadership, citing a need for an open ecosystem.
Cognition acquired Poke AI for a deal valued in the low nine figures, aiming to integrate its personality-driven approach into Devin, its coding assistant.
Midjourney acquired Co-Star, an astrology app with 4.3 million monthly active users, according to Bloomberg.
NVIDIA and Korea Advanced Institute of Science and Technology (KAIST) announced a joint AI research lab in Seoul, marking the first collaboration between a Korean university and a global tech company.
Google's Q2 2026 results show $119.8 billion in revenue, but $44.9 billion in AI-related spending led to negative free cash flow.
AegisAI, founded by former Google security executives, raised $36 million in Series A funding to counter AI-powered spear phishing attacks.
IBM is allocating up to $50 million in quantum computing resources to support the US Genesis Mission, a national initiative focused on advancing quantum technology.
AstraZeneca is integrating AI into its drug development process, reducing timelines by up to 50% according to McKinsey estimates.
IBM has committed up to $50 million in quantum computing resources to support the US Genesis Mission, a national initiative for advanced research.
Lingverse, formerly Ling AI, raised $29 million to develop the iKairos, an AI wearable that transforms real-life moments into images. The device is priced between $199 and $249.
ServiceNow has invested $40 million in BusinessNext, valuing the Indian firm at $700 million, to boost its banking AI initiatives.