Industry News — Page 7

Greater Manchester's integrated care board has rejected Palantir's FDP for the NHS, opting for its own platform. The UK government has six months to decide on terminating the $400 million Palantir contract.

AI startup General Intuition is in talks to raise new funding at a $6 billion valuation, backed by Valor Equity Partners and Point72 Ventures, to advance its work in robotics and generalized AI agents for physical spaces.

The SEC has opened an investigation into Situational Awareness, an AI hedge fund, by subpoenaing Wall Street banks. This follows the fund's reported 67% loss in July due to AI stock downturns and heavy leverage.

Nine individuals, including an Nvidia Taiwan senior manager and two Supermicro Taiwan employees, face indictment in Keelung for allegedly smuggling high-end AI servers to China, charged with breach of trust and document forgery.

Over one million LinkedIn users have clicked the "Seems like AI slop" button since its July 30th launch, flagging AI-generated content and prompting the platform to implement new detection and content moderation features.

TechCrunch's August 23, 2026 explainer, featuring IP attorneys Cathy Gellis and Jason Henderson, clarifies the legal status of training AI models on copyrighted books. Key rulings, including Anthropic's $1.5 billion settlement, are shaping the AI industry's future.

An anonymous AI model, Ox Alpha, launched on OpenRouter on August 20, 2026, featuring a 1M-token context window and 100 trillion free tokens daily. Its unknown origin sparks debate on enterprise adoption and potential creators like Zhipu or Microsoft.

NVIDIA will report Q2 FY2027 earnings on August 26, with company guidance at $91 billion against Wall Street's higher expectations of $93–95 billion. This report offers key insights into the AI infrastructure market.

Nvidia's $105 billion credit support for OpenAI's 8-gigawatt Ohio data center at PORTS-Pike Technology Campus highlights a new AI economy driven by massive capital and energy infrastructure.

New Ramp data shows OpenAI is growing faster than Anthropic among US business users in Q3, attributed to strong developer uptake of GPT-5.6 Sol. This marks a shift after Anthropic previously led in market share.

AI data centers are increasingly using recycled wastewater, including treated human urine, for cooling servers to address environmental concerns and water consumption. Meta has invested at least $270 million in related infrastructure.

OpenAI President Greg Brockman has become the de facto second-in-command, overseeing product strategy and commercial operations. This power consolidation, driven by executive departures in 2026, signals a strategic pivot towards revenue generation and potential consumer product launches.

OpenAI co-founder Greg Brockman has expanded his role, becoming the de facto second-in-command after CEO Sam Altman. He now oversees all product development and the company's "scaling" arm, signaling a strategic focus on revenue and product differentiation as OpenAI eyes an IPO.

Varonis Threat Labs uncovered "CoSnitch" vulnerabilities (CVE-2026-24301) in Microsoft Copilot Personal, enabling data theft from connected apps with a single click. Patches were released on August 18, 2026, addressing issues including a persistent memory-poisoning flaw.

Z.ai released GLM 5.3, an open-weight AI model with automated coding and cybersecurity skills, currently in limited release. Z.ai cites benchmarks showing GLM 5.3 nearing or exceeding Anthropic and OpenAI models on some cybersecurity tests.

A Pew Research study shows 52% of Americans are "more concerned than excited" about AI, up from 37% in 2021, signaling a growing consumer backlash and declining public trust that impacts the AI industry and its promises.

Cognition CEO Scott Wu denied Bloomberg's report that SpaceX attempted to acquire the AI coding startup, stating the company is not for sale. This follows SpaceX's $60 billion acquisition of Cursor and the release of the Grok 4.6 coding model.

Anthropic's August 2026 Risk Report details increased risk ratings, the shelving of its advanced Model 2, and an 11-month bioweapon-safeguard gap affecting 133 million conversations.

Nvidia invested $1.5 billion in SB Energy to become the exclusive compute supplier for OpenAI's PORTS-Pike data center in Ohio. This deal, including up to $105 billion in credit, marks a significant shift in financing large-scale AI compute infrastructure.

AI chip startup Etched raised $700 million, doubling its valuation to $21 billion. This investment, led by Jane Street, strengthens Etched's position against Nvidia in AI inference with its custom hardware for frontier models.