The U.S. Department of Energy selects 278 projects under its record-breaking Genesis Mission, spanning all 50 states and 342 institutions, to accelerate AI-driven scientific discovery in energy, national security, and beyond, with the largest single award being a $60 million investment in AI-powered nuclear energy research.
AMD commits up to $5 billion in a landmark investment in Anthropic, launching a major multi-year partnership to deploy 2 gigawatts of AMD Instinct MI450 GPU-powered AI infrastructure starting in early 2027.
Poolside emerges from 18 months of silence with its open-source AI model Laguna, which rivals top American and Chinese competitors despite being a fraction of their size, while the startup also holds an unreported stake in Fluidstack now worth roughly $860 million following the neocloud's $830 million raise.
AI is slashing drug development costs by up to 70% and driving a projected $1 billion surge in new biopharma spending, but critics warn that no AI-discovered drug has yet received FDA approval, and the industry's notorious 90% failure rate may persist if human biological variability isn't properly addressed before …
Google's internally developed 'Frozen v2' AI chip, set for a 2028 release, promises up to 10x efficiency gains over current chips, sending stock surging 3% as the tech giant doubles down on custom silicon amid a massive $180-190 billion AI infrastructure spending plan.
AI inference startup General Compute secures a landmark $400 million loan from Upper90, using inference-specific SambaNova SN50 chips as collateral in a first-of-its-kind deal that signals a major shift in AI infrastructure financing and a bold challenge to Nvidia's dominance.
Z.ai is closing in on $1 billion in annual sales, positioning it to become the first independent Chinese AI firm to hit the milestone, fueled by a sixtyfold surge in API revenue and aggressive open-sourcing of its most powerful models — though it remains lossmaking and heavily reliant on state-owned …
Nvidia-backed cloud startup Fireworks AI raises $1.5 billion at a $17.5 billion valuation after surging to over $1 billion in annualized revenue — a fivefold jump — fueled by surging corporate demand for cheaper, open-source AI models as it processes 40 trillion tokens daily at costs up to ten times …
Mira Murati's Thinking Labs debuts Inkling, a massive 975-billion-parameter open-weight AI model capable of reasoning across text, images, and audio with a one-million token context window, but it immediately faces stiff competition from Chinese labs like Kimi, whose K3 model boasts 2.8 trillion parameters and already outperforms it on benchmarks.
Anthropic is racing toward a potential October IPO backed by Goldman Sachs, Morgan Stanley, and JPMorgan, which could see the Claude AI maker beat rival OpenAI to public markets at a staggering $61.5 billion valuation driven by surging enterprise demand for its AI models.