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US investors will soon get access to SK Hynix, another memory maker riding the AI boom
SK Hynix is experiencing a boom credited to AI. It will ride that to a multibillion-dollar U.S. IPO, expected to take place on Friday.
Funding News
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Venice AI becomes a unicorn with $65M Series A as its privacy-first AI platform takes off
Venice AI is already profitable, with annualized run-rate revenues of over $70 million, CEO Erik Voorhees said.
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Nvidia competitor Etched hits $5B valuation, $1B in sales for AI chip
Nvidia AI chip competitor Etched says it has already booked $1 billion under contract for the inference systems powered by its chip.
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Bernie Sanders Saw This Coming
For decades, the senator has argued that concentrated wealth threatened American democracy. Now he’s betting that frustration with Big Tech, billionaires, and unchecked AI is reaching a tipping point.
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US offers $10 million for info on group behind Signal and WhatsApp hacking spree
Operation by two Russia-state groups has been ongoing since at least March.
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Omen AI’s plan to optimize data centers is all wet
Omen AI raised a $31 million Series A to monitor chip coolant and stop bacterial outbreaks in data centers.
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Agent confidence on the technical frontier
Enterprise investment in AI is booming. Gartner is calling 2026 an “inflection year” for organizations to align their AI projects with strategic business objectives. As the pressure to prove ROI mounts, executives and technology leaders are looking to agentic AI to drive the measurable financial...
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General Intuition’s $2.3B bet that video games can train AI agents for the real world
General Intuition has raised $320 million to scale AI trained on millions of hours of gameplay, betting action data can help AI develop something closer to human intuition.
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Netris raises $15M Series A from a16z to help AI neoclouds go live faster
Netris provides software that runs on network switches, and offers a platform that helps neocloud operators reduce the time it takes to go live.
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Amazon ups India bet with fresh $13B AI infrastructure investment
Amazon’s latest India investment comes as global tech companies race to expand AI infrastructure in the country.
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The memory chip crunch is paying off for this US company
Revenue quadrupled to $41.45 billion compared with the same period a year ago. The company's profit, meanwhile, rose from $1.88 billion to an incredible $28.2 billion year-over-year.
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India’s MoEngage bets that the future of marketing is millions of AI agents
The all-cash deal gives MoEngage access to technology that assigns AI agents to individual customers.
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Why corporate AI super PACs spent $27 million on a local election
Hello and welcome to Regulator, the newsletter for Verge subscribers chronicling the misadventures of their favorite tech overlords and Washington swamp creatures. ("Favorite" is, of course, subjective.) Not a subscriber yet? Sign up here, especially if you want the hot scoop on quality Amazon...
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Oracle’s 21,000 layoffs help drive its debt-fueled AI investments
Oracle is spending billions on data center infrastructure to support AI.
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The $400 million machine powering the future of chipmaking
Jos Benschop is climbing a ladder to get to the top of his newest machine. It’s a bit of a schlep. The contraption is the size of a double-decker bus—more than 150 tons of gleaming precision-milled aluminum covered in thousands of snaking tubes, colored cables, and pressurized tanks. From the...
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AI chipmaker Groq confirms $650M raise, re-staffs after Nvidia’s $20B not-acqui-hire deal
What does an AI company do after one of those not-acqui-hire deals? Groq raised money, is leaning into its neocloud business, and is hiring new execs.
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Meta Exposed Data Internally From Its Controversial Employee-Tracking Program
Employees had previously raised concerns about the initiative, which involves collecting workers’ keystroke data to train AI models.
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SpaceX inks compute deal with Reflection AI, an open source AI lab
Reflection AI will pay $150 million a month beginning July 1, 2026 through 2029 for immediate access to Nvidia's latest GB300 AI chips and supporting hardware across SpaceX's Colossus 2 data center near Memphis, Tennessee.
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The Atlantic created a searchable database of the music used to train AI
Atlantic reporter Alex Reisner recently uncovered four datasets of music being used to train AI models and made them fully searchable for the public. Two of the sets are absolutely enormous at 12 million and 9 million tracks. The other two are much smaller, but still represent a significant amount...
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Amazon hopes to challenge Nvidia more directly by selling its AI chips
AWS is in talks to sell its chips to other data centers. CEO Andy Jassy has said this represents a $50 billion opportunity for the company.