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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.
Tencent is aggressively expanding WorkBuddy through more than 2,000 agents, enterprise discounts, sales commissions, and standardized marketing scripts. The AI office market is shifting from model differentiation toward deployment services, human-heavy implementation, measurable ROI, and price competition.
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.
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.
FinSkillBench is a new benchmark for testing AI agents on portfolio construction, risk management, and fundamental analysis. Across nine models, curated procedural skills raised mean performance from 0.366 to 0.528, while self-generated skills delivered little benefit.
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.
GitLab Dedicated customers can now deploy the AI Gateway for GitLab Duo Agent Platform within their single-tenant SaaS environment. This keeps AI processing aligned with the customer's selected AWS region and enables connections to Amazon Bedrock or preferred model providers.