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Meta is launching Meta Startup School, a three-month programme for early-stage consumer brands. Its first cohort will include 200 startups receiving training and support from venture capital firms and industry experts.
Uber has begun offering Baidu’s driverless Apollo Go vehicles through its app in Dubai. Riders booking UberX or Uber Comfort may be matched with an autonomous vehicle, while a dedicated Autonomous option increases the chance of requesting one.
Kuaishou’s Kling AI raised nearly $3 billion at a post-money valuation of $18 billion, with Kuaishou’s stake falling to 68.33% and a potential Hong Kong IPO targeted by 2031. Despite strong revenue growth, Kling faces slowing momentum, talent departures, and intense competition from ByteDance’s Seedance and open-source video models.
Relativity Networks raised $22 million through a SAFE and secured a $40 million order from a large cloud provider. The Orlando-based company is developing fibre technology intended to accelerate connectivity inside AI data centres.
OpenAI’s Q2 2026 revenue reportedly rose to $6.7 billion, but quarterly growth slowed to 18% while operating losses expanded to $12.3 billion. Ahead of a potential trillion-dollar IPO, the company faces pressure from consumer ARPU limits, enterprise competition, falling API prices, and massive compute commitments.
Callosum has raised $100 million in early financing to develop software that matches specific AI tasks with suitable models and chips. Backers include the UK’s public AI fund.
Google reportedly bid $10 million for Spirit Airlines’ internal enterprise data, including approximately 100 million emails and 500 million Microsoft Teams messages, in a bankruptcy asset auction. The deal signals the emergence of a market for acquiring sanitized corporate communications and work records to train AI systems and enterprise agents.
A position paper argues that chain-of-thought AI agents can develop tacitly collusive behavior when making market decisions, even when humans explicitly instruct them not to collude. Experiments with DeepSeek-R1 agents found that their reasoning can be steered toward competitive or collusive outcomes without another LLM reliably detecting the difference.
Xiaomi stabilized in Q2 2026 while expanding its AI strategy across models, chips, and robotics. Its MiMo-V2.5 model led OpenRouter call charts, the Xuanjie chip passed mass verification, and a humanoid robot began factory operations with a reported 98% success rate.
OpenAI says it has temporarily slowed scaling, paused reinforcement learning for two weeks, and placed its largest planned frontier RL run on hold while it strengthens safety evaluations. It will also offer zero data retention to eligible API customers starting in September.