The man who built Qwen has a new lab, and the Shanghai government is an investor
The man who built Qwen has a new lab, and the Shanghai government is an investor

The researcher who led Alibaba’s Qwen models has started his own company. Junyang Lin announced Pragmatik Labs on X on Tuesday evening, five months after walking out of Alibaba. The lab is based in Shanghai and works on what Lin calls next-generation a…

Claude will begin digitally watermarking marking AI-generated text and images — Anthropic details how it’ll comply with the EU’s Artificial Intelligence Act

European users of Anthropic’s Claude models can expect that future versions of those tools will begin embedding digital marks in generated text and images to identify them as the product of AI.

Lovable’s valuation doubles to $13.3BN as raises new funds

Swedish vibe-coding startup Lovable has raised $400m in new funding, at a $13.3bn valuation, more than double its valuation at its last funding round, in a round which was co-led by Europe’s new €5bn …

Foxconn now makes more money from AI servers than from everything else combined
Foxconn now makes more money from AI servers than from everything else combined

Foxconn crossed a line this quarter that it will not cross back. Its cloud and networking division, the one that builds AI servers, made up 51% of revenue in the three months to June. That is the first time the segment has passed half. Smart consumer e…

‘It’s still day zero’: Lovable is worth $13.3bn, and the EU just became a shareholder
‘It’s still day zero’: Lovable is worth $13.3bn, and the EU just became a shareholder

Lovable is worth $13.3bn and its revenue is tripling. The interesting name on the cheque is the European Union. Lovable has raised $400m at a $13.3bn valuation. The Stockholm company lets people build software by describing it in ordinary language, and…

Independent bookstores in Europe receive suspicious orders for thousands of books, prompting fears they’ll be destroyed to train AI — sellers believe acquisitions are part of AI tech companies’ push to get more data

Bookstores in Europe receive massive online purchases for obscure titles that haven’t seen interest in years. They fear that these orders were made by AI firms looking to find more data to train their LLMs.

SpaceXAI launches Grok Bot as the agent race moves to office work
SpaceXAI launches Grok Bot as the agent race moves to office work

SpaceXAI has launched Grok Bot in beta, AI agents that sign into apps and websites, retain context between tasks and coordinate with each other. Access is limited at first to SuperGrok Heavy, Cursor Ultra and Cursor Teams Premium subscribers, with an e…

Sonos Plans September Launch Event and Deeper Push Into Home AI
Sonos Plans September Launch Event and Deeper Push Into Home AI

Sonos chief executive Tom Conrad says model quality will converge and the advantage will sit with hardware that already knows a home. An FCC filing names the first product of that push, the Ace Ultra headphones, expected at a September launch event. So…

Target appoints its first chief AI officer as retailers scale up AI spending
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 2025. Target has appointed its first chief AI office…

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

  Nvidia said on Monday it would partner with six of the largest names in private capital to finance AI infrastructure through vehicles worth more than $500 billion. Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR are all in. The compa…