Mach Industries raises a $600 million Series C extension after paying $50 million in cash and equity for Exquadrum, outbidding at least eight suitors and expanding into solid rocket motors through its new Mach Energetics unit.
Alibaba is in talks to lead a $300 million funding round for AI training and benchmarking startup UniPat AI, with Tencent and HSG joining as terms remain subject to change.
Google Cloud and Accenture are launching a joint AI unit deploying up to 1,000 engineers to help enterprises adopt Gemini-powered tools, as Google fights to close a massive market share gap, currently holding just 6% of enterprise AI spending compared to Anthropic's 43.5% and OpenAI's 39.7%.
Listen Labs stuns the venture world by walking away from a signed $125M Series C term sheet, reportedly driven by Salesforce's ongoing talks to acquire the voice AI startup for approximately $2 billion.
Meta launches Muse, a powerful AI agent for US users capable of browsing the web, making purchases, and managing emails, but the company's history of privacy scandals and consumer trust issues raises serious concerns about handing Meta control over sensitive personal data.
Mark Zuckerberg personally calls President Trump to block a proposed national AI regulator, warning it could cost the U.S. its competitive edge over China, as the White House weighs two rival oversight models backed by opposing factions of the tech world.
The Pentagon directly contradicts Commerce Secretary Howard Lutnick's claim that Anthropic has resolved its issues with the Trump administration, with Under Secretary of Defense Emil Michael confirming the Defense Department's supply-chain risk designation against the AI company remains fully in effect.
Mark Zuckerberg personally calls Trump to oppose a national AI regulatory body, and as every binding oversight proposal gets quietly softened to voluntary, questions mount over whether Big Tech is effectively writing its own rules.
Anthropic delays its IPO prospectus to late September, with marketing starting mid-October and listing expected just before November midterms, as the AI giant eyes a staggering $2 trillion valuation while securing a $15 billion credit facility backed by Wall Street's biggest banks.
Microsoft slashes speech AI prices 72% with its new MAI-Transcribe-2 model, offering transcription at just $0.10 per hour while undercutting OpenAI, Google, and ElevenLabs with support for 60 languages, advanced features, and top-tier accuracy — all part of a bold push to own its AI infrastructure and reduce reliance on …