AI

Corma Raises $60 Million to Build Defensive Cybersecurity AI

Corma Raises $60 Million to Build Defensive Cybersecurity AI

Key Takeaways: Corma has emerged from stealth with one of the larger seed rounds in cybersecurity, securing $60 million to develop AI models designed specifically for defense. Sequoia Capital led the financing, while Khosla Ventures and Coatue also participated. Corma did not disclose its valuation. The funding re

Oracle, Meta and Block Cut Jobs as AI Spending Reshapes Tech

Oracle, Meta and Block Cut Jobs as AI Spending Reshapes Tech

Key Takeaways: The technology industry’s 2026 workforce reset is no longer just another correction after pandemic-era overhiring. Oracle, Meta, Block, Amazon, Dell Technologies and other major employers are cutting positions while committing substantial capital to AI infrastructure, automation and new technical ro

AMD Agrees to Acquire Taalas for Model-Specific AI Inference

AMD Agrees to Acquire Taalas for Model-Specific AI Inference

Key Takeaways: AMD has agreed to acquire Toronto-based Taalas, placing a sizable bet on chips that hard-wire AI model weights directly into silicon. The transaction’s financial terms were not disclosed, and closing is expected in the fourth quarter, subject to regulatory approval. The acquisition gives AMD another

AlixPartners Buys Artium to Expand Enterprise Agentic AI Work

AlixPartners Buys Artium to Expand Enterprise Agentic AI Work

Key Takeaways: AlixPartners has acquired agentic AI software consultancy Artium, combining the specialist’s engineering capabilities with AlixPartners’ 45 years of industry and functional experience. Financial terms of the transaction were not disclosed. The deal, announced August 4, 2026, gives AlixPartners a tea

Palantir Technologies Leads Wall Street Rally to Record Highs

Palantir Technologies Leads Wall Street Rally to Record Highs

Key Takeaways: Corporate earnings and easing energy prices pushed the major US stock indexes to new records Tuesday, with artificial intelligence businesses delivering some of the session’s strongest gains. The S&P 500 climbed 1.8%, or 136.02 points, to finish at 7,736.52. The Dow Jones industrial average advanced