An Amazon seller reveals how middlemen on chat apps offer access to Amazon employees who allegedly grant favors, like reinstating suspended accounts, for a fee (Spencer Soper/Bloomberg)
Spencer Soper / Bloomberg: An Amazon seller reveals how middlemen on chat apps offer access to Amazon employees who allegedly grant favors, like reinstating suspended accounts, for a fee — Middlemen lurking on message apps like WeChat offer access to company employees they say can grant favors for a price.
Hang Ten Systems, led by former Infosys CEO Vishal Sikka, launches with a $32M seed led by Mayfield to help enterprises use AI to run software at a lower cost (Jagmeet Singh/TechCrunch)
Jagmeet Singh / TechCrunch: Hang Ten Systems, led by former Infosys CEO Vishal Sikka, launches with a $32M seed led by Mayfield to help enterprises use AI to run software at a lower cost — For decades, IT services firms made billions of dollars by allowing companies to outsource tech tasks like customizing, integrating, and maintaining enterprise software.
Trase, which is building an operating system and infrastructure layer for AI agents in industries like health care and defense, raised a $107M seed led by Arch (Brock E.W. Turner/Axios)
Brock E.W. Turner / Axios: Trase, which is building an operating system and infrastructure layer for AI agents in industries like health care and defense, raised a $107M seed led by Arch — Trase, an AI operating system company, has raised $107 million in seed funding led by Arch Venture Partners, CEO Grant Verstandig tells Axios Pro exclusively.
Paris-based digital health insurance startup Alan raised €480M led by Prosus at a €5.5B valuation, and is set for €1B+ in annual recurring revenue by year's end (Tim Bradshaw/Financial Times)
Tim Bradshaw / Financial Times: Paris-based digital health insurance startup Alan raised €480M led by Prosus at a €5.5B valuation, and is set for €1B+ in annual recurring revenue by year's end — Paris-based group raises one of Europe's biggest non-AI start-up rounds this year
Utah Senate President J. Stuart Adams, who championed a huge data center beside the Great Salt Lake, lost his Republican primary on Tuesday after voter backlash (Jack Healy/New York Times)
Jack Healy / New York Times: Utah Senate President J. Stuart Adams, who championed a huge data center beside the Great Salt Lake, lost his Republican primary on Tuesday after voter backlash — The upset of J. Stuart Adams represented one of the strongest examples of how the data center issue has affected elections.
SambaNova Executive Chairman Lip-Bu Tan says the AI chip startup is set to raise $800M to $1B, sources say at a ~$10B valuation, up from $2B in February (The Information)
The Information: SambaNova Executive Chairman Lip-Bu Tan says the AI chip startup is set to raise $800M to $1B, sources say at a ~$10B valuation, up from $2B in February — AI server chips that effectively compete with Nvidia's have never been more in-demand as AI developers and cloud providers seek lower-cost alternatives to the market leader.
Qualcomm expects $15B in data center chip sales by 2029, raises its non-handset chip revenue forecast to $40B by 2029, up from $22B; QCOM jumps 13%+ after hours (Reuters)
Reuters: Qualcomm expects $15B in data center chip sales by 2029, raises its non-handset chip revenue forecast to $40B by 2029, up from $22B; QCOM jumps 13%+ after hours — Qualcomm (QCOM.O) said it expects to generate $15 billion in sales from its data center business by 2029 as it moves beyond …
Cloudflare partners with Google, Microsoft, and Mozilla on PACT, a protocol to distinguish legitimate human or bot traffic from undesirable network requests (Thomas Claburn/The Register)
Thomas Claburn / The Register: Cloudflare partners with Google, Microsoft, and Mozilla on PACT, a protocol to distinguish legitimate human or bot traffic from undesirable network requests — Makers of Chrome, Edge, Firefox back bot-fraud defense called Private Access Control Tokens — Cloudflare on Monday …
Micron reports Q3 revenue up 346% YoY to $41.46B, vs. $35.84B est., gross margin above estimates, and forecasts Q4 revenue above est.; MU jumps 14%+ after hours (Kif Leswing/CNBC)
Kif Leswing / CNBC: Micron reports Q3 revenue up 346% YoY to $41.46B, vs. $35.84B est., gross margin above estimates, and forecasts Q4 revenue above est.; MU jumps 14%+ after hours — Micron's revenue more than quadrupled in the fiscal third quarter, the company said on Wednesday, as the memory maker continued …
Sources: in a letter to US officials, Anthropic accused Alibaba of adversarial distillation, accessing Claude 28.8M times from April to June via ~25K accounts (Maggie Eastland/Bloomberg)
Maggie Eastland / Bloomberg: Sources: in a letter to US officials, Anthropic accused Alibaba of adversarial distillation, accessing Claude 28.8M times from April to June via ~25K accounts — Anthropic PBC accused Chinese technology giant Alibaba Group Holding Ltd. of waging a large-scale effort to “illicitly” …
Qualcomm unveils Dragonfly C1000, a new data center CPU built for agentic AI, and says Meta will use the chip when production starts in 2028 (Kif Leswing/CNBC)
Kif Leswing / CNBC: Qualcomm unveils Dragonfly C1000, a new data center CPU built for agentic AI, and says Meta will use the chip when production starts in 2028 — Qualcomm shares jumped 15% in extended trading on Wednesday after the chipmaker said non-handset revenue in fiscal 2029 will be $40 billion, up from a prior forecast of $22 billion.
Sources: Kalshi is in talks to raise a funding round at a ~$40B valuation that may close as soon as Q3; Kalshi raised $1B at a $22B valuation in May (Financial Times)
Financial Times: Sources: Kalshi is in talks to raise a funding round at a ~$40B valuation that may close as soon as Q3; Kalshi raised $1B at a $22B valuation in May — Rapidly growing company is increasingly challenging established derivatives and betting rivals — Kalshi is in talks to raise funds …
Documents: Meta's planned prediction markets app will use Meta AI models to generate questions from trending topics, make recommendations, and resolve markets (Bobby Allyn/NPR)
Bobby Allyn / NPR: Documents: Meta's planned prediction markets app will use Meta AI models to generate questions from trending topics, make recommendations, and resolve markets — Meta is planning to launch its own prediction market app to compete with companies like Kalshi and Polymarket in a booming sector …
Sources: Google AI researchers Jonas Adler and Alexander Pritzel, both viewed internally as key contributors to Gemini, are planning to leave for Anthropic (Bloomberg)
Bloomberg: Sources: Google AI researchers Jonas Adler and Alexander Pritzel, both viewed internally as key contributors to Gemini, are planning to leave for Anthropic — Two leading artificial intelligence researchers at Alphabet Inc.'s Google are planning to leave for rival Anthropic PBC …
Google says computer use is now a built-in tool supported in Gemini 3.5 Flash, available via the Gemini API and Gemini Enterprise Agent Platform (Mateo Quiros/The Keyword)
Mateo Quiros / The Keyword: Google says computer use is now a built-in tool supported in Gemini 3.5 Flash, available via the Gemini API and Gemini Enterprise Agent Platform — Computer use is now a built-in tool in Gemini 3.5 Flash to build agents that can interact across platforms.