Ramp Launches Router for Multi-Model AI Access
Ramp has launched Router, an AI model routing service that allows users and companies to access and switch between multiple large language models. The service is available through an API.
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Domyn Raises Europe’s Biggest AI Financing
Milan-based AI company Domyn raised roughly $1.1 billion, making it one of the largest financings ever announced by a European AI company. About 90% of the financing is debt and only around 10% is equity, making the capital structure the central story.
Kling AI Raises $3 Billion as Kuaishou Splits Strategy
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.
OpenAI’s Growth Meets Its Profitability Wall
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.
OpenAI Pauses Scaling, Adds Zero Data Retention
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.
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OpenAI Expands Privacy for Frontier Models
OpenAI reaffirmed Zero Data Retention for eligible API customers using frontier models. It also previewed Private Safety Processing, designed to support advanced AI safety work without compromising customer data privacy.
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Nebius Seeks $4.5B for AI Data Centers
Nebius Group is seeking to raise $4.5 billion through convertible bonds. The company plans to use the capital as it builds data centers to meet demand for artificial intelligence services.
Oracle’s Billion-Dollar AI Gamble
Oracle 創辦人 Larry Ellison 正把公司從高利潤軟體企業，轉型為重資產 AI 基礎設施供應商，押注 OpenAI 等客戶對 GPU 與資料中心算力的長期需求。文章分析，Oracle 已大幅增加資本支出、借款與長期租賃承諾，雖然雲基礎設施收入快速成長，但也面臨現金流、信用評級與客戶合約履行風險。
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Alibaba Bets Nearly $10 Billion on AI
Alibaba’s profit plunged after it raised quarterly capital expenditure for AI to nearly $10 billion. The report also examines Meta’s growing role as a Microsoft AI customer and Castelion’s plans to scale hypersonic missile production.
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Mayfield Doubles Down on Pre-Product AI Founders
Mayfield has invested more than $3 billion in AI companies, often before founders have built products or formally incorporated. Managing Partner Navin Chaddha explains the firm’s belief in AI as a potential “100x opportunity” and its decision to remain focused on early-stage investing.