Combined AI capex at the biggest cloud firms is set to overtake the cash their core businesses generate, and free cash flow is feeling it first.

Augustus, led by a 25-year-old Thiel Fellow, raised $180M at a $1bn valuation to give fintechs and banks direct, chartered access to the US dollar.

Estée Lauder says hackers stole staff SSNs, bank and health data via an Oracle E-Business flaw in 2025, disclosed nearly a year later.

Treasury's Scott Bessent says the US may sanction Chinese AI models for 'IP theft'. Nvidia's Jensen Huang calls the panic backwards: 'Zero possibility'.

BlackRock is leading a $12bn debt sale to build Meta's El Paso data centre, owning 80% and keeping most of the cost off Meta's balance sheet.

Deezer says AI-generated music now tops 90,000 daily uploads, more than half its total, and most of it is streaming fraud. It's deleting the fakes.

A Stanford study finds US computer-science enrolment fell for the first time in two decades, as AI writes code, though the economist won't blame AI yet.

Ion Stoica's Berkeley team raised $20M for SkyPilot, a provider-neutral control plane that pools scattered AI compute across 20+ clouds into one.

Light’s first flip phone strips out the touchscreen, apps, social media, and AI. The $299 Light Flip is built for the digital-detox crowd, shipping 2027.

Moonshot AI is closing a $31.5bn round and lining up another at up to $50bn before a Hong Kong IPO, riding Kimi K3, even as open-weight AI loses money.

Google, Ford, Carhartt, and BlackRock launched an alliance to fill 2.1 million skilled-trade jobs by 2030, the work AI can't automate away.

The FT says Samsung could invest hundreds of millions of euros in Mistral at a roughly €20bn valuation. Neither company has confirmed the talks.