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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.
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.
Marvell and Google are deepening their partnership on custom AI chip development. Marvell is giving Google the right to purchase up to $12.2 billion in Marvell stock, strengthening their long-term alignment in the AI hardware race.
Meta is expanding Pocket, an experimental AI-powered app for creating and sharing interactive games, to users across the U.S. The app was previously tested quietly in Brazil.
Waymo has developed a custom chip designed to improve the performance of its robotaxis. The chip also reduces the company’s reliance on third-party suppliers such as Nvidia.
Meta Platforms has reportedly become one of Microsoft’s largest AI customers. The development suggests that demand for emerging AI technology remains heavily concentrated among major technology companies.
Alibaba Group reported a 9% revenue increase as growing AI development in China boosted demand for computing capacity from its cloud business. The results highlight how AI infrastructure demand is supporting Alibaba’s broader growth.
Binance’s Agent OS allows AI agents to execute trades through tools such as ChatGPT, Claude Code, and Cursor. However, users remain largely responsible for configuring permissions and controlling the agents’ behavior.
ByteDance’s Seed foundation-model division has reportedly completed another internal restructuring. Its foundation-model organization now includes four first-level departments focused on pretraining data, reinforcement learning, product post-training for work, and product post-training for chat.
Kuaishou’s Kling AI video-generation business generated more than RMB850 million in second-quarter revenue. Revenue rose over 200% year on year and 30% quarter on quarter, reaching RMB1.5 billion in the first half of the year.