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Abu Dhabi's MGX closes $49 billion AI fund, one of the largest ever raised
Abu Dhabi investment firm MGX closed its first fund at $49 billion, beating a $45 billion target, after backing OpenAI, Anthropic and xAI.
Dmytro Spodarets · Jul 2
News
Higharc raises $95 million and partners with US LBM to sell AI construction estimating
Homebuilding-AI startup Higharc raised a $95 million Series C led by Insight Partners and launched an AI Estimating product with lumber distributor…
Dmytro Spodarets · Jul 2
News
Taiwan detains Super Micro staff in widening Nvidia chip smuggling probe
Taiwan prosecutors detained three people and widened an investigation into the alleged smuggling of about 50 Nvidia GB300-loaded Super Micro servers…
Dmytro Spodarets · Jul 2
News
FTC seeks comment on treating hidden AI ideological tuning as deceptive practice
The FTC voted 2-0 on July 1, 2026 to seek public comment on a policy statement that could treat undisclosed ideological tuning of AI outputs as a…
Dmytro Spodarets · Jul 2
News
OpenAI reportedly proposes giving the US government a 5% equity stake
OpenAI has reportedly proposed granting the US government a roughly 5% equity stake, worth about $42.6 billion, in early talks with the Trump…
Dmytro Spodarets · Jul 2
News
Venice AI raises $65M Series A led by Dragonfly, hitting a $1B valuation
Venice AI raised a $65 million Series A led by Dragonfly on July 1, 2026, valuing the privacy-first AI platform at $1 billion.
Dmytro Spodarets · Jul 1
News
UN scientific panel warns science cannot yet rule out catastrophic AI risk
The UN's Independent International Scientific Panel on AI published its first report on July 1, 2026, warning science cannot yet rule out…
Dmytro Spodarets · Jul 1
News
Together AI raises $800M Series C led by Aramco Ventures, doubling valuation to $8.3B
Together AI raised an $800 million Series C led by Aramco Ventures, more than doubling its valuation to $8.3 billion from $3.3 billion.
Dmytro Spodarets · Jul 1
News
TwelveLabs raises $100 million Series B to build video-understanding AI
Video-AI startup TwelveLabs raised a $100 million Series B co-led by NEA and NAVER Ventures, with Amazon participating, lifting total funding past…
Dmytro Spodarets · Jul 1
News
Kimi K2.7 Code becomes first open-weight model in GitHub Copilot's picker
GitHub made Moonshot AI's open-weight Kimi K2.7 Code generally available in Copilot on July 1, 2026, the first open-weight model in its model picker.
Dmytro Spodarets · Jul 1
News
Meta reportedly plans a cloud business to sell its excess AI compute
Meta is reportedly organizing a two-track cloud unit, internally called Meta Compute, to sell raw AI computing capacity and hosted access to its own…
Dmytro Spodarets · Jul 1
News
Tapestry VC closes an $80 million third fund to back repeat European founders
London's Tapestry VC closed an $80 million third fund, nearly triple its last, to back repeat European founders, with OpenAI CFO Sarah Friar among…
Dmytro Spodarets · Jul 1