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Nvidia announced full-scale production of its Spectrum-X Ethernet Photonics co-packaged optical switch for AI factories, using 200G-per-lane links. SK hynix simultaneously published a CPO technology roadmap targeting over 100 Tb/s per node, sub-1 pJ/bit energy consumption, and sub-10 ns chip-to-chip latency.
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.
Eagle Point Credit Management is providing about $1.3 billion to help build a large Texas data center that will house Anthropic. The loan is part of a much larger financing package supporting the infrastructure behind the AI boom.
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.
The US Department of Justice has intervened in support of xAI's challenge to a Minnesota law banning AI nudification tools. A federal judge heard arguments and said a ruling on xAI's request for a preliminary injunction would come soon.
Long-form audiences remain highly sensitive to visible AI flaws, making full-stack AI production risky for films and television. Industry leaders are instead adopting human-led workflows where AI supports visual effects, previsualization, cleanup, quality control, and other production bottlenecks.
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.
MiniMax Design uses an Agent to orchestrate multiple models for professional content production. Its positioning reflects a broader shift in AI video competition from model capabilities alone toward integrated products and measurable commercial value.
Nokia is reportedly planning further layoffs, facility closures, and a major reduction of its mainland China operations, potentially retaining only limited after-sales services. The retreat is part of a global restructuring toward AI and cloud businesses, but it may reduce Nokia’s access to China’s large-scale 5G deployment data needed for AI-RAN and future 6G research.