The Palantir DIA ASTRA protest has forced the Defense Intelligence Agency to withdraw its intelligence solicitation, citing the 1994 Federal Acquisition Streamlining Act to challenge a custom software development approach.
From OpenAI's $750B infrastructure plan to AI chip sell-offs and new regulation, this AI business roundup covers the week's defining stories across the sector.
AI spending skepticism triggered a $797 billion Magnificent 7 selloff after Alphabet and Tesla earnings revealed soaring capex with no clear return on investment.
Monday.com AI restructuring cuts 20% of its workforce as the SaaS company redesigns around AI agents. The move signals a new phase for SaaS operating models.
Anthropic's Long-Term Benefit Trust adds former Fed chair Bernanke, strengthening mission-aligned AI governance ahead of a potential IPO.
Moonshot AI targets a $50B pre-IPO valuation as it plans back-to-back fundraising rounds and a Hong Kong IPO amid surging Kimi K3 model demand.
Patreon AI layoffs cut 93 jobs as CEO Jack Conte cites AI-driven industry shifts in a strategic restructuring affecting 20% of the workforce.
Intel AI revenue growth drove Q2 2026 earnings to $16.1B, up 25% YoY, with data center revenue jumping 59% in the company's strongest quarter in 15 years.
Figure AI humanoid robots enter BMW production at Spartanburg after 02 model assembled 30,000 vehicles. Analysis of deployment and market impact.
Final EU AI Act Article 50 compliance guidelines land 10 days before August 2. Chatbot disclosure, synthetic content marking, deepfake labels become mandatory.
China robotaxi licenses are being issued again after a three-month safety freeze. Momenta secured early permits in Shenzhen as Baidu's Wuhan operations show signs of restarting.
OpenAI raised its AI infrastructure spending target to $750 billion through 2030 and launched Project Camellia, a $20B Georgia data center powered mainly by natural gas.
The White House AI review framework gives federal agencies 30 days to review frontier models from OpenAI, Anthropic, and Google, while Meta remains outside the agreement.
SAP's €1B Prior Labs acquisition bets that tabular foundation models, not general-purpose LLMs, hold the key to enterprise AI. What this means for business leaders.
The Kimi K3 valuation impact erased $314B from OpenAI and Anthropic pre-IPO estimates as Moonshot AI's open-weight model follows the DeepSeek pattern.
