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From the fabled Silicon Valley VC firm Andreessen Horowitz (a16z) to Singapore’s sovereign wealth fund GIC, fund houses across the globe are using AI for sourcing deals. They are creating virtual investment committees, custom tools for internal use, and chatbots for investor relations. The trend is beginning to take root in India too. View the full article

The Andhra Pradesh government has allotted 200 acres to the country’s largest IT firm in Anakapalli district, where Google has already begun constructing its 1 GW hyperscale data centre, sources said. Separately, TCS has purchased an 88-acre land parcel in Bopkhel, Pune, for Rs 640.50 crore from Hemisphere Properties, the public sector enterprise responsible for liquidating VSNL (now Tata Communications) assets. The company received shareholder approval for the sale on June 30, it said in a stock exchange filing. View the full article

The race to build the world’s most powerful artificial intelligence models is rapidly turning into a battle over pricing. While companies such as OpenAI and Anthropic continue to command premium prices for their flagship models, rivals including Google, xAI, Meta, and Chinese AI firms are charging significantly less for both API access and subscription plans. View the full article

Scaling AI agents will depend on striking the right balance between machine autonomy & human decisions, GoTo CTO Olga Lagunova tells Tanya Pandey. View the full article

Chris Fall has resigned as Director of the US Centre for AI Standards and Innovation. He was appointed to lead the federal AI testing institute just three months ago. A Commerce Department spokesperson confirmed his departure to Reuters news agency. Arvind Raman will temporarily assume Mr. Fall's leadership responsibilities. Mr. Raman currently oversees the AI testing institute at the Commerce Department. View the full article

Researchers have copied massive quantities of publicly-available climate and environmental data from NASA onto a Swiss supercomputer to train artificial intelligence models and for safekeeping amid US funding cuts. Switzerland's Federal Institute of Technology Zurich (ETH) university announced the move late last week, saying its researchers had copied around 100 petabytes of NASA data to the Swiss National Supercomputing Centre (CSCS) in the southern city of Lugano. View the full article

The ⁠Alphabet-owned company expects the new chip, informally dubbed "Frozen v2," to ​help address an AI computing capacity crunch that has fueled internal ​tensions and prompted Google Cloud to decline deals with outside customers, the report said. View the full article

Chipmaker shares are experiencing significant price swings on Wall Street this month. Investors anticipate these companies will drive much of the S&P 500's profit growth. Recent earnings reports have shown strong results but market reactions have been mixed. Concerns about artificial intelligence demand sustainability are fueling investor reassessment of the sector. Leveraged exchange-traded funds are also contributing to the increased market volatility. View the full article

The Chinese startup unveiled Kimi K3 on Friday, a model that it says delivers performance that rivals top-tier offerings from OpenAI and Anthropic PBC at a fraction of the cost. As investors drew comparisons with last year’s “DeepSeek moment,” IG market analyst Tony Sycamore said $314 billion has been wiped from the company’s valuation estimates for the two unlisted US firms. View the full article

Bristol Myers Squibb is buying Nvidia's latest AI computing system. This new system will support artificial intelligence in drug discovery and development. The company expects to cycle through many more potential drug candidates faster. AI tools are already cutting drug testing times by twenty to thirty percent. This investment drives rapidly growing computing demands across their research organization. View the full article

British startup CuspAI secured four hundred fifty million dollars from investors. This funding will advance its mission to discover new materials for key industries. The company also launched AI Materials Foundry, a coalition of over forty-five firms. Nvidia and Meta are among the partners joining this significant collaboration. CuspAI's platform aims to accelerate progress in semiconductors and clean energy. View the full article

Hut 8 signed a second 15-year lease worth $9.8 billion. This agreement fully commercialises their 1-gigawatt Beacon Point campus in Texas. The deal doubles the unnamed tenant's total contracted footprint at the site. Hut 8's total contracted AI data centre capacity now stands at 949 MW. The company expects to deliver the first Phase 2 data hall in 2028. View the full article

SK Group Chairman Chey Tae-won warned that the global shortage of artificial intelligence memory chips could escalate into a geopolitical issue, predicting that memory demand will far outpace supply through 2027 despite aggressive capacity expansion efforts. View the full article

Samsung Electronics and SK hynix pushed to commercialise a new class of memory as artificial intelligence outgrew high-bandwidth memory alone, according to a news report by The Korea Herald. View the full article

Karnataka's Cabinet approved the Agritech Mission-2026 and the recruitment of fifteen thousand teachers. Welfare initiatives for backward classes and nomadic communities received cabinet approval. The government also sanctioned new medical infrastructure and development projects. The Cabinet ratified the Governor's suspension of the KPSC Chairman Shivashankarappa S Sahukar. Preparations are complete for the Bharat Jodo programme's inauguration on August twentieth. View the full article

JobKorea said Monday that entry-level hiring in South Korea's semiconductor industry surged in the first half of the year, reflecting robust demand for talent as the AI-driven chip boom continues, The Korea Herald reported. View the full article

Chinese AI startup Moonshot AI has stopped new subscriptions for its Kimi K3 model. This decision follows a sharp surge in user demand for the advanced AI. Additionally, Kimi K3 is attracting attention for its high-end coding performance as well as for offering this capability at a much lower cost than competitors. View the full article

Blackstone has invested in Futronic, a South Korean supplier of high-precision actuators serving ​automotive and industrial robotics sectors. The deal values the company at approximately 1 trillion won ($676.04 million). Futronic's founder Jin-ho Ko will remain in his role as chairman and chief ‌executive officer and work with Blackstone to accelerate the ​company's global ​growth ⁠and end-market expansion. View the full article

After blowout second quarter earnings, investors and ​analysts are asking a once far-fetched question: could ASML become Europe's first ever trillion-dollar firm? View the full article

The survey of UK chief financial officers ​by accountancy firm Deloitte found 73% were optimistic about AI ​improving their businesses' performance, up from 59% at the end of last year and 39% ​two years ago. View the full article

That volatility, felt on dealing desks from Tokyo to New York, has not only wreaked havoc with portfolios - it has also dramatically distorted investors' views on fundamentals in South Korea, a market at the heart of the global AI boom. View the full article

In a social media post, Kimi AI stated the surge in demand over the last 48 hours has pushed the company's current capacity close to its limits. Hence, to ensure a stable experience for existing subscribers, new subscriptions have been temporarily paused. View the full article

China's Kimi K3 AI model is now challenging premium frontier models with its performance. It joins Meta's Muse Spark and Google's Antigravity in offering startup founders and engineers sufficiently good performance for routine programming tasks at much lower cost than earlier favourites Fable and GPT. View the full article

Alibaba has launched its new Qwen3.8-Max-Preview AI model with 2.4 trillion parameters. The preview version is available through Alibaba's Token Plan, Qoder, and QoderWork. To mark the launch, Alibaba is offering the model at 10% of the standard price. It is also offering an exclusive night-time rate with discounts of up to 98%. View the full article

Tech firms are developing AI agent smartphones that could revolutionize mobile use. These advanced phones aim to perform tasks using voice commands and AI. Major app companies are restricting access, which hinders the AI agent's functionality. Companies like Nubia, Honor, and StepFun are showcasing these new devices. Experts predict a fundamental change in digital economies and business models. View the full article