Artificial Intelligence
Kuaishou Q2 profit steady as stock slides 4% on margin pressure
Revenue rose 1.4% year-over-year to 35.5 billion yuan, but gross margin narrowed to 51.6% as costs climbed. Kling AI revenue tripled to over 850 million yuan.
SK Hynix union nears wage deal amid profit-sharing dispute
South Korean chipmaker’s labor union finalizes preliminary terms for a 10-year operating profit distribution agreement, including a 10% cash payout to workers. Approval from union members remains pending.
Cerebras unveils CS-4 AI chip with 30x faster inference, plans 600 MW data center buildout
Chipmaker's next-generation CS-4 system delivers up to 30 times faster inference than GPU rivals while targeting 600 MW of data center capacity by end-2025. Revenue surged 91% in the last twelve months.
Breville FY26 sales rise 9.7% on AI efficiency gains, direct markets drive growth
Record AUD 1.81 bln revenue reported as coffee and cooking segments post double-digit gains, with AI tools cutting operational time by up to 84%. Shares dip 3.1% on margin pressure.
OpenAI’s Q2 revenue growth trails Anthropic as losses widen
OpenAI’s second-quarter revenue rose 18% sequentially to $6.7 billion, but operating losses deepened to $12.3 billion. Anthropic’s revenue more than doubled to $11.6 billion, surpassing OpenAI in the period.
Cerebras unveils AI inference server with faster chatbot response chips
New CS-4 system uses 5nm WSE-3 Turbo chips to cut AI query latency, targeting Anthropic’s Claude workloads. Hardware arrives Q3, next-gen due 2027.
Anthropic plans dual-class shares for founders ahead of potential IPO
AI startup Anthropic is preparing to issue supervoting stock to CEO Dario Amodei and co-founders as it gears up for a public listing, The Information reports. The unusual governance structure could support a record-breaking IPO.
Moody's affirms Nvidia's Aa1 rating on Ohio AI data center deal
Rating agency cites Nvidia's $105bn residual value guarantee for a 4.25GW Ohio data center campus as key support for its investment-grade rating.
Pennsylvania imposes strict rules on AI data centers amid growing scrutiny
Governor Josh Shapiro signs executive order requiring environmental safeguards, local approvals and transparency for new AI data centers. Amazon’s $20 billion investment in Pennsylvania is affected.
Liberty Energy targets 3 GW power capacity by 2029 as AI drives efficiency gains
Denver-based Liberty Energy outlined plans to expand power generation to 3 GW by 2029, leveraging AI-driven logistics and equipment monitoring while maintaining a 23% historical cash return on capital. Shares fell 3.8% to $21.39.
Etched raises $700 million at $21 billion valuation for AI inference chips
AI hardware startup Etched secures $700 million in fresh funding, doubling its valuation to $21 billion as it scales production of specialized inference clusters. Lead investor Jane Street among backers including Sequoia and Blackstone.
JDC posts record H1 2026 profit, eyes AVD launch in 2027
First-half revenue rose 18.7% to €143.5 million as AI-driven efficiency gains offset weak contract transfers. Altersvorsorgedepot platform to target 50 million eligible Germans from January.
Shaires Holdings delays retail share offer deadline to Aug 24
London-based investment firm extends closing date for $20 share offer to Aug 24, 2026, at 4:30 pm, maintaining trading pause until further notice.
Pure Storage shares hit all-time high of $118.93
Pure Storage stock rose to $118.93, its highest level, with analysts setting targets up to $150 and noting strong AI‑driven demand.
AI bubble tops BofA fund manager survey as tech euphoria cools
32% of global fund managers flag AI as the primary tail risk, while semiconductor positioning declines sharply; cash levels hit six-year lows.
Xiaomi Q2 2026 profit steady as EVs and AI drive growth
Smartphone and IoT revenue offset margin pressures while EV deliveries topped 104,000 units. AI model MiMo V2.5 ranked No. 1 globally by token volume.
Xiaomi profit slumps 42.6% as costs weigh on smartphone sales
Net income fell to €794.2 million in Q2 as rising component prices and a 26% drop in handset shipments eroded margins. EV and AI units remain loss-making ahead of European launch.
Anthropic’s annualized revenue rate exceeds $65 bln: report
AI startup Anthropic’s annualized revenue rate rose to over $65 bln by July, underscoring rapid growth in enterprise demand for generative AI tools.