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Microsoft's AI Business Hits $37 Billion Run Rate as Nadella Defends Revised OpenAI Deal
Microsoft CEO Satya Nadella told analysts the company plans to fully exploit royalty-free access to OpenAI models through 2032, as its AI revenue run rate reached $37 billion.
Anthropic seeks $50B at $900B valuation with 48-hour investor deadline
Anthropic is asking investors to submit allocations within 48 hours for a $50 billion round at roughly $900 billion valuation, with the round expected to close within two weeks.
Apple Mac Revenue Hits $8.4 Billion as AI Workloads Drive Surprise Demand
Apple reported $8.4 billion in Mac revenue for Q2 2026, beating Wall Street estimates by roughly $400 million as demand for local AI workloads drove unexpected sales of Mac mini, Studio, and MacBook Neo.
Legora raises $50M extension at $5.6B valuation as legal AI rivalry with Harvey intensifies
Swedish legal AI startup Legora secured $50 million from Nvidia's NVentures and Atlassian, reaching $5.6 billion valuation and $100 million ARR as competition with $11 billion rival Harvey heats up.
OpenAI restricts Cyber access after criticizing Anthropic's Mythos gatekeeping
OpenAI will limit its GPT-5.5 Cyber cybersecurity tool to verified defenders only, mirroring Anthropic's restricted Mythos release that CEO Sam Altman previously criticized as fear-based marketing.
Elon Musk admits xAI trained Grok using OpenAI models
Musk testified in federal court that xAI used distillation techniques on OpenAI models to train Grok, calling it a general practice among AI companies.
Meta signs 1-gigawatt capacity deal with space solar startup Overview Energy
Meta has agreed to reserve up to 1 gigawatt of power from Overview Energy, which plans to beam infrared light from satellites to terrestrial solar farms from 2030.
China Orders Meta to Unwind $2 Billion Manus Acquisition After NDRC Probe
China's NDRC has ordered Meta to unwind its $2 billion acquisition of agentic AI startup Manus, complicating the company's push into AI agents.
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