Breaking news and updates from the world of technology.
Stripe is reportedly negotiating to buy OpenRouter, a two-year-old startup that routes developer requests across 400+ AI models, at nearly eight times the $1.3 billion valuation it raised at in May.
Alphabet posted record second-quarter revenue driven by an 82% explosion in Google Cloud — powered almost entirely by demand for AI infrastructure and Gemini enterprise services.
The Beijing-based startup behind Kimi K3 has distributed a shareholder resolution for a Hong Kong listing within six months. Its valuation has climbed from $4.3 billion in December to over $30 billion after the open-weight model upended global benchmarks.
Fireworks AI closed a $1.505 billion Series D led by Atreides Management, Index Ventures, and TCV, with Nvidia participating, as the company's specialized-model platform crossed $1 billion in annualized revenue.
General Compute secured a $400 million loan from Upper90 using SambaNova inference chips as collateral — the first known deal of its kind, and a signal that AI infrastructure financing is starting to move beyond Nvidia GPUs.
The Claude maker is scheduling investor meetings ahead of a potential October listing, which would make it the largest AI company to reach public markets and put it ahead of rival OpenAI.
IBM shares fell as much as 24.8% on July 14 after the company's preliminary Q2 2026 results missed Wall Street estimates by a wide margin, wiping out roughly $70 billion in market value as CEO Arvind Krishna admitted the company misjudged how fast clients would redirect budgets to AI infrastructure.
Munich-based Helsing closed an oversubscribed $1.8 billion Series E, valuing the AI defense startup at $18 billion — the largest funding round for a European defense-technology company to date.
The Milan-based owner of AOL, Vimeo, Evernote and WeTransfer debuted on Nasdaq under ticker BSP, closing its first trading day up nearly 40% and pushing its market cap past $25 billion.
Comcast announced a tax-free spinoff of NBCUniversal and Sky into a standalone media company, leaving a focused broadband and wireless business. Shares jumped 21% on the news.
Sam Altman called any valuation below $1 trillion a 'nonstarter' when bankers presented him with options. SoftBank — which holds roughly $65 billion in OpenAI — saw its shares fall 13% on the news. The delay would push what was expected to be one of the largest IPOs in history into a second year of waiting.
Qualcomm is in advanced talks to buy Modular Inc. for roughly $4 billion, adding the startup's Mojo language and MAX inference platform to its expanding AI data center push.