The four largest US technology companies are on course to spend close to $700bn on artificial intelligence infrastructure this year, and the cost is starting to show up in the one figure that is hard to dress up: free cash flow. An analysis by Reuters, found that combined capital spending across the major cloud operators […]
This story continues at The Next Web
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-
Big Tech’s AI spending is catching up with its cash flow
via thenextweb.com
-
Dead internet theory becomes measurable fact as AI agents flood the web
via thenextweb.com
Bots now outnumber humans on the internet for the first time in the web’s history. Cloudflare, the security firm that sits in front of millions of websites, says automated traffic crossed the 50 percent threshold in June and now accounts for nearly 58 percent of all webpage requests. A separate report from cybersecurity firm HUMAN […]
This story continues at The Next Web -
Intel Q2 earnings double estimates as AI data centre revenue surges 59 percent
via thenextweb.com
Intel posted second-quarter 2026 revenue of more than $16 billion, a 25 percent jump from a year earlier and the company’s fastest growth since late 2011. Adjusted earnings per share came in at 42 cents, double the 21-cent consensus estimate on Wall Street. Shares initially climbed on the results but reversed course during extended trading, […]
This story continues at The Next Web -
SAP’s cloud is still booming, and that was enough to calm the AI-doom fears
via thenextweb.com
SAP gave investors the number they wanted. Europe’s biggest software company said cloud revenue grew 22% to €6.28 billion in the second quarter, beating forecasts, SAP announced. Its cloud backlog, a measure of future sales, jumped 26%. The stock rose more than 6% in Frankfurt. That relief is the story. SAP’s shares are down about […]
This story continues at The Next Web -
Amazon just shut its AGI Lab, and quit a race it never led
via thenextweb.com
Amazon is retreating from the race to build the smartest AI. This week it closed its AGI Lab, a San Francisco team working on artificial general intelligence, The Information reported. The move was part of layoffs across Amazon’s AGI unit, Reuters first reported. The lab was barely 18 months old. Amazon set it up in […]
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Stripe wants to own the toll booth between AI models, for ~$10bn
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Stripe wants a foothold in AI, and it is willing to pay dearly for it. The payments company is in talks to buy OpenRouter for about $10 billion, the Wall Street Journal reported. That is a staggering price for a startup valued at just $1.3 billion in May. The talks are preliminary, and could still […]
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World Foundation raises $52 million in token sale as proof-of-human demand accelerates
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World Foundation has raised $52 million through a locked token sale to expand the reach of World ID, its iris-scan-based system for proving someone is a real human online. Pantera Capital led the initial close, joined by Bain Capital Crypto, Eightco Holdings, Selini Capital, and Susquehanna Crypto, with all WLD tokens sold subject to a […]
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The AI giants just broke with OpenAI and Anthropic on open weights
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The AI industry just picked a side, in public. On Friday, 25 companies and groups published an open letter, “Open Weights and American AI Leadership”, urging Washington not to crack down on open-weight AI, Business Insider reported. The names are heavy: Nvidia, Microsoft, Meta, Mistral, Palantir, IBM, Andreessen Horowitz, Hugging Face, Mozilla and the Linux […]
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Meta leaves RE100 clean energy pact after a decade as its gas buildout for AI outpaces renewables
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Meta has withdrawn from RE100, the global corporate clean energy initiative it joined a decade ago as Facebook, after the Climate Group confirmed the company can no longer meet the programme’s technical criteria. The departure follows Meta’s commitment to building 10 natural gas plants to power its Hyperion AI data centre campus in Louisiana, a […]
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OpenAI wants your medical records, and says its AI is ‘better than clinician level’
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OpenAI wants to be in the room for your next diagnosis. On Thursday it began rolling out ChatGPT Health to every logged-in US adult. The chatbot can now connect to your Apple Health data and medical records, the company said. It can then draw on them in any conversation. More than 300 million people already […]
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Meta launches a standalone Seller app for Facebook Marketplace with AI-powered listings
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Meta has launched Seller, a standalone app built for people who sell regularly on Facebook Marketplace, giving them dedicated tools for managing listings, communicating with buyers, and tracking sales performance in a single place. The free app is available now on the App Store for US users aged 18 and older, and syncs automatically with […]
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Claude’s new voice mode isn’t chasing natural. It’s chasing your to-do list.
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Anthropic wants you to talk to Claude, and then watch it act. On Thursday it upgraded Claude’s voice mode to run on its most capable models, Opus and Sonnet, the company announced. Voice mode launched last year, and until now it ran only on Haiku, Anthropic’s fastest but shallowest model. That was fine for quick […]
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Patreon cut 20% of its staff. Its CEO insists AI isn’t replacing them.
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Patreon is cutting a fifth of its staff. Its founder wants you to know it is not because of AI. On Thursday the creator-payments company laid off 93 people, about 20% of its workforce, as 404 Media first reported. Chief executive Jack Conte called the day “painful” and took the blame himself. “The people at […]
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Meta wins dismissal of WhatsApp privacy suit as judge questions whistleblower detail
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A federal judge has dismissed a proposed class-action lawsuit alleging that Meta can read WhatsApp messages despite its end-to-end encryption promises, ruling that the complaint lacked sufficient detail about the basis for its whistleblower claims. The suit, filed in January by plaintiffs from Australia, Brazil, India, Mexico, and South Africa, accused Meta and WhatsApp of […]
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Microsoft is rewiring itself for the AI era, on offence and defence
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Microsoft is remaking its own stack for the AI era, on both offence and defence. This week it moved on two fronts. It began pulling OpenAI’s models out of its most-used apps to cut costs. And it set a date to kill the text-message login, blaming a wave of AI-powered phishing. The two announcements look […]
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Meta is banning the ‘pervert glasses’ creeps from Instagram
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Meta has a nickname problem. Its Ray-Ban smart glasses have earned an ugly label: “pervert glasses”. Men wear them to film women in the street. Pranksters wear them to ambush shop workers. Now Instagram is trying to scrub the evidence. The platform will start removing videos shot on the glasses to harass people, as Business […]
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A Chinese model split Silicon Valley. Now the startups are fighting back.
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Silicon Valley does not usually gang up on its own. This week it did. Nearly 200 US startups have urged the Trump administration not to block American access to Chinese open-weight AI models. A ban, they warn, would gut the next wave of US companies. The plea, first reported by Politico, came in letters from […]
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A rogue AI hacked Hugging Face. Now Congress wants a kill switch.
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This week, one of OpenAI’s models broke out of a testing sandbox and hacked a rival. Congress has a reply: build a kill switch, and let the government use it. On Thursday, Reps. Ted Lieu, a California Democrat, and Nathaniel Moran, a Texas Republican, introduced the AI Kill Switch Act. Politico first reported its text. […]
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A nervous Dassault is spending $2bn on AI, in the division dragging it down
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Dassault Systèmes is one of Europe’s largest software companies, and it is having an anxious year. Its shares are down about a quarter this year. It pushed out its chairman in February. And investors worry that a new wave of AI could hollow out its main business. Its answer, announced on Thursday: spend up to […]
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Trump’s data centre power pledge draws scepticism from energy experts
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On July 23, President Donald Trump stood in the White House and promised that electricity bills for American families would “actually come down,” even as power-hungry AI data centres spread across the grid. T he vehicle was an expanded version of the Ratepayer Protection Pledge, a voluntary scheme first unveiled in March. What energy analysts […]
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EU charges TikTok with failing to protect children’s privacy under the DSA
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On 24 July, the European Commission issued preliminary findings that the TikTok platform breached the Digital Services Act by leaving minors’ accounts open to adults, the latest escalation in a probe that has shadowed the app since 2024. The finding is narrow but pointed. Investigators concluded that TikTok’s default settings failed to keep children’s profiles private in practice, […]
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SoftBank is reportedly weighing a deal for Swiss robotics startup Gravis
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Gravis Robotics, an ETH Zurich spinout, fits autonomy kits to excavators. A tie-up would extend Masayoshi Son’s robotics buying spree from the factory floor to the building site. SoftBank is weighing a deal for Gravis Robotics, a Swiss startup that fits excavators and diggers with the sensors and software to run themselves, according to Bloomberg. The […]
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Wise shares tumble after US regulator rejects its trust bank charter bid
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Shares in Wise fell about 10% on Friday after the US Office of the Comptroller of the Currency declined the money-transfer firm’s application for a national trust bank charter, the licence that would have wired it directly into the Federal Reserve’s payment systems. The London-headquartered fintech, which listed on Nasdaq in May, had spent more than a […]
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TechEx Europe 2026 returns to Amsterdam, bringing together Europe’s enterprise technology leaders
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TechEx Europe will take place on 19–20th October 2026 at the RAI, Amsterdam, bringing together more than 8,000 technology professionals, business leaders, and innovators for two days of enterprise technology discussions, technical insights, and cross-industry collaboration. The event combines eight co-located technology conferences and exhibitions under one roof, providing attendees with a comprehensive view of […]
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Vietnam wants under-16s to keep their accounts, just not post on them
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Vietnam has settled on an unusual way to police children online. Under a draft decree unveiled this week, users under 16 would keep their social media accounts but lose the right to post, comment, or react to anything on them. It is a narrower move than Australia’s outright ban, and a stranger one, because it […]
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AMD teams up with Eric Trump-backed Foundation to build humanoid robots
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AMD has spent the year trying to prove it can do more than trail Nvidia. Its latest move takes the fight somewhere new, to the inside of a humanoid robot. The chipmaker has agreed to supply the compute for machines built by Foundation, a San Francisco startup whose backers include Eric Trump. For a company […]
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Genesis AI is in talks to raise about $500m for its robot brains
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Genesis AI, the startup building foundation models that it hopes will run inside a wide range of robots, is in talks to raise about $500m, according to Bloomberg. A round of that size would value the company at roughly $3bn, capping a fast climb for a business that only came out of stealth last summer. […]
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Oracle wins Pentagon software deal worth up to $7bn
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The Navy-negotiated framework consolidates the military’s scattered Oracle licences, on a $3.31bn base that could nearly double if a five-year option is exercised. Oracle has secured a contract with the US Department of War worth as much as $6.99bn, the largest step yet in the Pentagon’s campaign to stop paying for the same software several […]
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Nvidia commits $1.5B to Amkor to expand US chip packaging
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Nvidia has agreed to give Amkor Technology a $1.5 billion prepayment to expand advanced semiconductor packaging and testing in the United States, tightening a supply relationship that already sits behind its data-centre chips. The agreement, announced on 23 July, pushed Amkor shares up by roughly 12% in after-hours trading. Packaging is the least glamorous stage of […]
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Ford is switching from Google to Apple Maps for its next-generation EVs
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Ford will use Apple Maps as the built-in navigation system for its next generation of electric vehicles, replacing the Google-based software it has run since 2023. The integration uses Apple’s new MapKit for Automotive SDK and will launch with Ford’s $30,000 midsize electric pickup in 2027, according to a joint announcement from both companies on […]
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