With Nvidia hitting a market capitalization of $4 trillion, it’s time to wonder if we could be hitting some kind of peak in investor interest in artificial intelligence.
But it sure hasn’t shown up yet. This week we saw Amazon considering another huge investment in Anthropic — perhaps to help it field an AI agent marketplace reportedly coming next week — as well as a possible billion-dollar funding of Mistral by MGX. There was also a raft of smaller but still substantial fundings of more targeted AI companies such as Harmonic and LangChain, both for $100 million.
Not least, there’s real product here: We saw a renewed rush of new models, especially those focused on AI agents. And big money keeps going into the infrastructure behind all this, as CoreWeave bought data center building Core Scientific for $9 billion. GlobalFoundries also bought processor design house MIPS to expand its product line.
It’s hard to imagine every part of this investment frenzy ends well — especially with Elon Musk’s xAI touting the glories of Hitler and the bad guys using AI to impersonate government officials (something that enterprises had better pay attention to) — but for now, it’s all dancing in the streets. Enjoy it while you can.
Amazon Web Services held a Mid-Year Leadership Summit with theCUBE, and we got a lot of editorial, unsponsored interviews with AWS execs, topped by CEO Matt Garman — well worth checking out.
To close out on a more entertaining note, the Trump-Musk feud intensified, if that’s possible, to the extent that it tanked Tesla’s stock for a day. Meantime, Musk’s seemingly invisible CEO of X, Linda Yaccarino, finally left after what must have been a miserable couple of years.
Here’s all the news this week from News and beyond:
AI and data: Investors can’t get enough of AI
Milestones
Nvidia hit a $4T market cap, the first company to do so — and of course it’s all about AI Now that’s a big number.
Highlights from the AWS Mid-Year Leadership Summit
These interviews with Matt Garman and other AWS leaders are unsponsored editorial stories:
Inside AWS’ enterprise infrastructure playbook: CEO Matt Garman on AI, cloud and speed
AWS S3 steps beyond storage to power AI’s next wave
AWS believes humans and AI can be workplace allies
AWS doubles down on AI-first infrastructure to meet soaring global demand
From dashboards to decisions: How AWS is transforming data access at scale
AWS retools for an agentic future with observability and OpenSearch
Highlights from theCUBE’s and NYSE Wired’s RAISE Summit in Paris:
12 signs AI infrastructure is reshaping the IPO market: theCUBE’s RAISE Summit insights
Policy
Report: Marco Rubio impersonator used AI to contact government officials And how enterprises need to deal with these mounting deepfake threats too: Security practices must evolve to battle growing deepfake sophistication
Elon Musk’s updated Grok chatbot promoted the Holocaust and praised Adolf Hitler
OpenAI tightens internal security amid fears of IP theft by Chinese AI rivals
New models and services
AWS reportedly set to launch agentic AI marketplace with Anthropic next week
Elon Musk’s xAI sets AI benchmark records with new reasoning-optimized Grok 4 model
Docker launches new capabilities to support AI agent development
Monday.com debuts AI tools to help users build, automate and execute work
OpenAI set to release Chromium-based browser built around AI agent
Perplexity introduces Comet browser with AI-powered automation tools
New FlexOlmo language model design removes need for sharing of training data
Graphwise enhances its graph database to become the brains of AI agents
Deepgram launches Saga: an AI-powered voice interface for developers
Zoom delivers new agentic AI capabilities to help users save time
New Clarifai tool lets AI models run locally and scale through the cloud
New Gen unveils intelligent web storefronts for retailers to take advantage of ‘agentic commerce’
Vidu updates Q1 AI video generation model to handle up to seven image inputs
Money matters
Report: Amazon weighing new multibillion-dollar investment in Anthropic
Report: Mistral AI in talks with MGX on $1B equity financing round
Harmonic raises $100M at nearly $900M valuation to scale AI model for formal mathematical reasoning
AI infrastructure startup LangChain reportedly raises $100M at $1.1B valuation
Global VC funding climbs to $91B in second quarter as AI leads investment trends
Capgemini buys business automation firm WNS for $3.3B to enhance its agentic AI expertise
Foundation EGI raises $23M funding round to expand industrial AI platform
AI enterprise resource planning startup Nominal raises $20M for mid-market automation
Datafy raises $20M in seed funding to optimize cloud storage costs autonomously
Synfini gets $8.9M to accelerate drug discovery with AI
Blok raises $7.5M to build AI agents that simulate human behavior to accelerate software testing
Abacus raises $6.6M to bring AI assistants to accounting firms
Pimloc raises $5M to expand AI video privacy platform globally
There’s even more AI and big data news on News
Around the enterprise: CoreWeave’s big buy
New products and services
IBM debuts new servers based on custom Power11 processor
Oracle Database@AWS launches into general availability with new features
Red Hat offers free and simple self-serve access to RHEL for application developers
Samsung debuts new foldable devices, upgraded smartwatches
Money matters
CoreWeave to acquire data center builder Core Scientific for $9B in stock
Samsung warns of big profit miss from US restrictions on advanced AI chip exports
GlobalFoundries buys RISC-V chipmaker MIPS to accelerate its AI ambitions
Apple appeals €500M EU fine over App Store policies
Amplitude acquires Kraftful to enhance ‘Voice of Customer’ insights
Data privacy startup Didomi acquires Sourcepoint to advance consent and compliance
Vehicle repair management startup ServiceUp raises $55M
Data center infrastructure automation startup Spacelift gets ready for takeoff after raising $51M
We have lots more news on cloud, infrastructure and apps
Cyber beat
Attack & response
Ingram Micro confirms ransomware attack disrupted systems over July 4 weekend
Sonatype report finds 188% spike in open-source malware in the second quarter
Splunk uncovers surge in social engineering through fake CAPTCHA attacks
Morphisec warns of Iran-backed ransomware campaign driven by political motives
Silverfort uncovers critical Netlogon flaw impacting Windows domain controllers
New services
Coralogix and AWS team up to enhance AI observability and threat detection
Platform9 and Commvault team up to unify cloud-native and virtual machine data protection
New Barracuda backup tool extends Microsoft Entra ID data retention
MetTel partners with Check Point to launch enterprise mobile threat defense
More cybersecurity news here
Elsewhere around tech: Trump tanks Tesla
Tesla shares plunge amid investor concerns over Trump-Musk feud
IonQ prices $1B equity offering to accelerate its push into quantum networking
Intel’s RealSense spins out with $50M in funding to help AI humanoid robots see the world
Augmentus lands $11M to scale no-code robot programming
BQP raises $4.8M to expand quantum-accelerated digital twin platform BQPhy
Cobionix raises $3M to build autonomous medical robotics platform
And check out more news on emerging tech, blockchain and crypto and policy
Comings and goings
After two years as X CEO, Linda Yaccarino is stepping down Will anyone notice? But what the departure of a former big-name advertising exec also makes apparent is that X, which owner Elon Musk once wanted to build into an app that does “everything,” now aims to use it mainly to harvest data for xAI.
SAS named Matt Parson chief financial officer, succeeding retiring CFO David Davis.
Dataminr also has a new CFO: Tiffany Buchanan, former CrowdStrike SVP of finance and capital markets.
Customer communications platform Iterable appointed Sam Allen, former Salesforce EVP and Tableau chief operating officer, its new CEO. Founder and former CEO Andrew Boni will become chief scientist.
Apple lost top AI models executive Ruoming Pang to Meta’s hiring spree (per Bloomberg). And the next day, Apple announced that 27-year vet Jeff Williams will retire as chief operating officer, to be replaced by Sabih Khan, Apple’s SVP of operations “as part of a long-planned succession.”
Meanwhile, OpenAI poached four high-ranking engineers from Tesla, xAI and Meta: David Lau, Uday Ruddarraju, Mike Dalton and Angela Fan (per Wired).
Snowflake named 11-year Amazon Web Services veteran Chris Niederman as its new channel chief, succeeding Tyler Prince, who left in April (per CRN).
New Relic named a new chief revenue officer: former Pinecone Chief Operating Officer and Twilio CRO Lauren Nemeth.
Diligent Robotics, a maker of humanoid robots for hospitals and pharmacies, hired two former Cruise execs: Rashed Haq as chief technology officer and Todd Brugger as COO (per News).
Image: News/Reve
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