AI startup Groq has secured $350 million in funding, led by Disruptive with Nvidia participation, at a $3.5 billion valuation. The company is transitioning from an LPU chipmaker to a neocloud provider, focusing on Nvidia-powered infrastructure for AI inference.
The UK government has designated Microsoft, Google, Amazon, and Oracle as "critical third parties" to oversee their cloud services, enhancing financial system stability. The regulation, effective July 13, targets major cloud providers due to increasing financial sector reliance on their services.
Meta is reportedly planning to sell excess computing resources from its vast AI infrastructure to external clients, potentially entering the cloud market dominated by AWS, Microsoft Azure, and Google Cloud. This move aims to alleviate investor concerns about AI overspending and could involve offering API access to its AI models or leasing raw computing power.
Researchers have developed a proof-of-concept AI-powered computer worm that can autonomously identify vulnerabilities, generate tailored attack strategies, and spread across networks, adapting its tactics in real-time without human operators.
Microsoft Israel's GM Alon Haimovich resigns after internal probe finds Azure misuse by Israel's Ministry of Defense, violating Microsoft's ethics code, amid prior Unit 8200 surveillance controversy.
AWS CEO Matt Garman views the AI-driven 'SaaSpocalypse' as a major business opportunity, not a threat. He highlighted the rise of agentic AI reshaping work and announced new AI-powered tools like the Quick desktop app, aiming to revolutionize personal productivity. AWS is also deepening its OpenAI partnership, integrating advanced AI models into its cloud services to meet surging demand.
AWS CEO Matt Garman views AI advancements not as a threat to SaaS, but as a major business opportunity, with the company launching new AI-driven applications and partnering with OpenAI to integrate its models.
Tech giants Google and Amazon are injecting billions into AI startup Anthropic, recognizing its rapidly growing influence, particularly with its Claude Code product. This strategic investment secures substantial computing power for Anthropic, while also creating a symbiotic relationship where Anthropic becomes a major customer for Google and Amazon's cloud services and hardware.
Google is investing $10 billion in Anthropic with up to $40 billion more tied to performance, valuing the AI startup at $350 billion. The deal includes 5 gigawatts of computing capacity from Google Cloud over five years. Claude Code has driven Anthropic's annual revenue past $30 billion from $9 billion at end of 2025, with enterprise customers spending over $1 million annually now exceeding 1,000.
Iran's Revolutionary Guard has warned that undersea fiber-optic cables running through the Strait of Hormuz are highly vulnerable to accidental or deliberate damage. The cables carry an estimated 17-30% of regional internet traffic connecting Asia, Europe and the Middle East, and power AI infrastructure hubs in the UAE and Saudi Arabia backed by Amazon, Microsoft and Google. Simultaneous damage could trigger severe outages across the Persian Gulf.
Iran's Revolutionary Guard has warned that undersea data cables in the Strait of Hormuz are highly vulnerable, potentially causing severe internet outages across the Persian Gulf. These vital digital arteries carry a significant portion of regional internet traffic and support major AI infrastructure, impacting global communication, finance, and cloud services.
Iran's Revolutionary Guard has warned that undersea data cables in the Strait of Hormuz are highly vulnerable, potentially causing severe internet outages across the Persian Gulf. These vital digital arteries carry a significant portion of regional internet traffic and support major AI infrastructure, impacting global communication, finance, and cloud services.
Amazon announced an expanded agreement to invest up to $25 billion in AI startup Anthropic, on top of $8 billion previously invested. Anthropic committed to spend over $100 billion on AWS technologies including Trainium chips over 10 years. The deal values Anthropic at $380 billion and includes $5 billion upfront with up to $20 billion tied to commercial milestones. The investment comes as major hyperscalers compete fiercely for AI compute capacity, with Amazon planning ~$200 billion in capex this year.
