Anthropic is funding Amii, Mila, Vector Institute, and five other Canadian institutions. Canada ranks second worldwide in per-capita Claude usage behind the US.

IBM issued preliminary Q2 results showing revenue of $17 billion, below analyst estimates, as clients shifted spending and large deals failed to close.

Twelve state attorneys general sued to block Paramount's $110 billion acquisition of Warner Bros Discovery, but the company says it can close by September.

A federal lawsuit accuses Meta of using AI productivity scores and token usage metrics that penalised workers on medical leave when selecting layoff targets.

Prediction markets exchange Kalshi has built a forward curve tracking GPU compute costs, joining CME and ICE in the race to financialise AI infrastructure.

Flex has raised a $70m Series B1 led by Ryan Smith’s Halo fund, and is launching Flex Global: stablecoin rails and multi-currency accounts in 100+ countries.

Indian B2B ecommerce firm Udaan has raised $160M combining fresh equity, new debt, and bond conversions as it prepares for a public listing within two years.

China's LimX Dynamics raised $200m at a $2.21bn valuation. Its founder says “listing is a must” as 100-plus Chinese humanoid firms race to go public.

Demis Hassabis wants a US-led AI Standards Body, modelled on Wall Street’s FINRA, to vet frontier models before release, and to slow the industry if needed.

Brussels has carved wearables out of its battery law, clearing the way for Meta's glasses. Nintendo, meanwhile, is pulling the Switch from Europe.

Pasqal is listing on Nasdaq via a SPAC at a $2bn valuation, about 100x revenue. Its filings warn quantum may never pay off, and France can vet buyers.

Jamie Dimon told analysts that AI has already eliminated 30 to 40 percent of jobs in some JPMorgan units, but competitive pressure will erase margin gains.