Oliver Grant

Nvidia-backed cloud startup Fireworks announced Thursday it raised $1.5 billion at a $17.5 billion valuation after exceeding $1 billion in annualized revenue. The financing comes as companies increasingly seek cheaper alternatives to expensive proprietary AI models from OpenAI and Anthropic. Firewor

Nvidia unveiled its Cosmos 3 Edge AI model on Wednesday, designed for robots and vision AI agents to perceive and navigate physical environments in real time. The announcement came during CEO Jensen Huang's two-day visit to Japan, where the company is forming a coalition with local industrial

Thinking Machines launched Inkling on July 15, 2026, an open-weight multimodal AI foundation model designed for enterprise and developer fine-tuning rather than frontier competition. The model is a Mixture-of-Experts transformer with 975 billion total parameters and 41 billion active parameters,

The Centre for Economic Policy Research (CEPR) released a report on the 16th concluding that the sharp rise in US labor productivity since late 2022 stems not from AI-driven technological innovation but from companies intensifying existing labor and equipment utilization—a phenomenon the think

Base will refocus on trading, payments and AI agents after moving away from its earlier social push, according to founder Jesse Pollak. The strategic shift for Coinbase's Layer 2 network aims to concentrate on financial infrastructure rather than consumer social applications. Pollak said Base's soci

The Australian Government announced a regulatory framework imposing mandatory standards on large AI data centers, replacing voluntary expectations with legally enforceable requirements. The standards require operators to support new power supply through renewable energy, improve water efficiency,

VeChain launched VeWorld.ai on July 16, 2026, a no-code AI agent marketplace that enables users to build, list, and monetize AI agents without technical expertise. The platform is accessible at no cost, with no fees to build, list, or test a first agent. VeWorld.ai extends the VeWorld ecosystem, VeC

South Korea's Ministry of Land, Infrastructure and Transport presented a construction industry innovation plan to the President on the 16th at the Blue House, integrating artificial intelligence and robotics technology while establishing a 10 trillion won global fund for overseas investment

South Korea's Ministry of Science and ICT on 16日 announced three national mega-projects totaling 550 trillion won in AI data center investments, alongside Physical AI and K-semiconductor development initiatives, during a briefing to the president at Cheong Wa Dae Yeongbinguan. The government aims to