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Nvidia stopped funding the AI boom alone, Saudi banks cannot fund theirs, and 500 US towns have banned the buildings

Nvidia brought in Apollo, BlackRock and KKR for a $500bn financing push. Saudi banks can't fund their pipeline. US local bans topped 500 in July.
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Target appoints its first chief AI officer as retailers scale up AI spending

Target has named Lowe’s executive Chandhu Nair as its first chief AI officer, starting August 24. IBM research puts the share of organisations with a chief AI officer at 76% this year, up from 26% in ...
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Tesla emptied its share of California’s new EV rebate in five days

Tesla exhausted its share of California's new MyFirstEV rebate in five days, despite a price cap that exempts Rivian and Lucid but not Tesla.
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Italian scientists ready a new solar instrument for a make-or-break eclipse test

Italian researchers will test a new spectrometer, CISS, during the 12 August total solar eclipse in Spain, hoping for a ...
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Equitybee lands free benchmarking tool as startup employees finally get equity data companies have had for years

Equitybee Benchmark lets US startup employees compare equity grants across 9,000+ verified options grants from 2,500+ ...
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Meta smart glasses banned from courts across England and Wales

HMCTS has banned Meta smart glasses from court buildings in England and Wales, confiscating them on entry, as institutions ...
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IBM bets $240m on cheap, open-source inference to take on the hyperscalers

A multi-year deal with the startup Together AI will put Nvidia Blackwell systems on IBM Cloud, and the wager is that enterprises now care more about the cost of running AI than the prestige of the ...
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River AI raised $1.1bn to let companies train and keep their own models

River AI raised $1.1bn led by General Catalyst and AMP PBC. NVIDIA and AMD Ventures took strategic stakes, Y Combinator and Temasek joined. Founded by xAI co-founder Igor Babuschkin, incorporated in ...
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SEC settles fraud case against Adit Ventures over fake SpaceX and Klarna pre-IPO shares

The SEC has settled fraud charges against private-fund adviser Adit Ventures and its CEO, who allegedly faked pre-IPO holdings in SpaceX and Klarna and looted client funds.
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An activist investor says the market has decided Lionsgate is an AI casualty. It wants the studio to prove otherwise or sell.

Activist investor Anson Funds is pressing Lionsgate to redefine itself for the AI era or put itself up for sale, according to a July letter to the board reviewed by Semafor. The argument turns on how ...
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Fei-Fei Li: the real risk of AI in classrooms is students who stop wanting to learn

Fei-Fei Li says the worst outcome of AI in schools is not cheating but students losing agency and motivation. Warns equally against banning the tools. Says AI works best once a student is already ...
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Meta and TikTok agree to fact-check border content after Ceuta tragedy

Meta and TikTok have agreed to fact-check content about Spain’s border crossings, a voluntary commitment brokered by Brussels after a catastrophe that showed how quickly a viral video can turn into a ...