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.
IBM reported a 42% decline in mainframe revenue, triggering a 25% stock drop, as AI-driven costs pushed clients to delay purchases.
Anthropic agreed to pay $1.5 billion to book authors in a copyright settlement, marking the largest class-action payout in history.
Google Cloud revenue surged 82% to $24.8 billion in the latest quarter, outpacing analyst expectations.
Anthropic’s revenue surged to $47 billion by May 2026, a jump from $9 billion in 2025, according to Menlo Ventures’ Matt Murphy.