Business — page 14
Google's July 4 Workspace ad puts Gemini in the hands of the Founding Fathers
The commercial imagines Jefferson, Franklin, and Adams drafting the Declaration of Independence inside Google Docs, Meet, and Nano Banana.
Google's July 4 ad imagines the Founders drafting the Declaration in Workspace
The 250th-anniversary spot leans on Docs, Meet, and Gemini — and picked up 'tone deaf' reviews on Bluesky within hours.
Mistral AI eyes $3.5B raise at $23B valuation as revenue hits $400M
The French lab's ARR jumped 20x in a year, and CEO Arthur Mensch is pitching Mistral as sovereign infrastructure, not a European ChatGPT.
Google DeepMind partners with A24 on filmmaker-led AI research
Google is investing in the studio behind Everything Everywhere All at Once and building tools alongside its filmmakers.
Kuaishou's Kling AI raises $2.8B with Alibaba and Tencent backing
China's two largest internet groups jointly bankroll a video-generation unit inside a rival platform, an unusual alignment against OpenAI's Sora.
Anthropic launches Claude Science and plans to develop its own drugs
The AI lab is hiring biologists, building wet labs, and putting itself in direct competition with the pharma customers it sells to.
Alibaba moves to ban employees from using Anthropic's Claude Code
The Chinese cloud giant is cutting off internal access to Claude Code as US export controls tighten around frontier AI tools.
Zuckerberg tells Meta staff AI agents aren't progressing as fast as he hoped
After cutting 8,000 jobs and reassigning 7,000 more to AI teams, Meta's CEO concedes the payoff is still 3 to 6 months out.
Anthropic in talks with Samsung on a custom AI chip
The Claude maker is exploring a Samsung-built processor as competitors OpenAI, Google, and Amazon race to reduce Nvidia dependence.
Cursor's $60B SpaceX deal puts its OpenAI and Anthropic ties in doubt
Cursor wants to keep serving rival models after the acquisition closes, but its two biggest suppliers now have to sell through Elon Musk.
OpenAI offers US a 5% stake as Sanders pushes for a 50% tax
Sam Altman is in early talks with the Trump administration on a sovereign AI wealth fund. Bernie Sanders wants far more.
OpenAI floats giving 5% of its equity to a US sovereign wealth fund
Sam Altman's proposal would extend to other AI labs; any formal action likely requires congressional approval.
Microsoft commits $2.5B to Frontier, a new AI deployment company
The unit will staff 6,000 engineers against enterprise AI rollouts, following a $1B AWS commitment two days earlier.
Woodside Energy pushes agentic AI into LNG plant operations
The Australian energy producer is layering AI agents over a decade of operational data, starting with an LNG plant Startup Advisor copilot.
Google's electricity use jumped 37% in 2025 as AI buildout accelerates
Data centers consumed 42 million MWh, more than New Zealand or Denmark; operational emissions still fell 2%.
Meta puts smart glasses features behind a Meta One Premium subscription
Conversation Focus is capped at 3 hours a month without a plan, 15 hours with one — a template for how AI hardware gets monetized next.
Bhavin Turakhia stakes $30M of his own money on Neo, an AI-native Office rival
The Directi and Zeta founder is bootstrapping a work platform he says can't be built by retrofitting chatbots onto pre-AI software.
OpenAI proposes 5% US government stake worth $42.6B
Altman pitched the Trump administration on a sovereign holding as OpenAI seeks to defuse Washington pressure at an $852B valuation.
Nvidia opens AI-factory model with Sharon AI and Firmus taking 210,000 GPUs
Nvidia is fronting infrastructure to AI clouds in exchange for revenue sharing, with Sharon AI booking 40,000 GB300s and Firmus scaling to 360 MW.
Cloudflare will block mixed-use AI crawlers by default from September 2026
New defaults force AI companies to separate search bots from training and agent crawlers, or lose access to ad-supported pages.
Venice AI raises $65M at $1B valuation on privacy-first AI platform
The uncensored AI service hit $70M in run-rate revenue with 3M users before taking its first outside check, led by Dragonfly.
Meta plans cloud business to resell AI compute, following SpaceX playbook
Meta Compute would sell raw capacity and hosted models, targeting AWS, Google Cloud, and Azure after $182.9B in infrastructure commitments.
Wayve runs $85M employee tender at $8.5B valuation
The UK self-driving startup's second liquidity event lets staff cash out at the Series D price set in February.
EquiLibre, built by DeepMind's poker AI trio, hits $500M valuation
The Prague lab's reinforcement learning agents trade billions daily across the S&P 500 and Nasdaq with zero losing months since inception.
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