Meta’s Muse Glimmer is a 30-billion-parameter open-weight AI agent running locally on consumer GPUs under Apache 2.0, paired with Mark Zuckerberg’s broadside against closed-AI-lab strategies.
Tag: artificial intelligence
Posted inMarkets
Nvidia Mobilizes $500 Billion in AI Infrastructure Financing With Six Wall Street Firms
Nvidia signed MOUs with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to create AI compute financing platforms targeting over $500 billion in third-party capital.
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Intel Raises $15 Billion in Its First Public Share Sale Since 1971
Intel’s $15 billion equity offering — its first public share sale since its 1971 IPO — will fund AI chip production, advanced packaging and foundry expansion, with underwriters able to add $2.25 billion more.
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TSMC July Revenue Jumps 44.7% to Record $14.5 Billion as AI Demand Accelerates
TSMC posted July revenue of $14.5 billion, up 44.7% year-on-year, pushing cumulative 2026 revenue 37% higher and prompting the company to raise its full-year growth forecast above 40%.
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Google’s $1.5 Billion Mechanize Bid Follows Its Playbook to Skirt Antitrust
Google is in talks to pay $1.5 billion to license AI startup Mechanize’s coding-agent benchmarks and hire its team, using a structure designed to sidestep antitrust review of outright acquisitions.
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AMD Data Centre Revenue Doubles as Helios AI Platform Enters Production
AMD’s Q2 2026 data centre revenue doubled to $6.7 billion as the Helios AI platform entered production with Anthropic and Microsoft as launch customers.
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DeepSeek V4-Flash Exits Preview at $0.14 per Million Tokens
DeepSeek’s efficiency-focused V4-Flash model reached general availability on July 31, priced at 9.5 times less than its Pro sibling and outperforming it on at least one coding benchmark.
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Palantir Surges 29% After Q2 Revenue Hits $1.93 Billion on 93% Growth
Palantir’s Q2 2026 results shattered expectations as US commercial revenue grew 149% year-on-year, US government revenue jumped 90%, and the stock surged nearly 30% — making it the standout earnings story of the week.
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EU AI Act Enforcement Reaches GPAI Providers August 2, Exposing AI Giants to Billion-Dollar Fines
The European Commission’s AI Office gains formal enforcement powers over general-purpose AI model providers on August 2, 2026, with fines of up to 3% of global annual turnover and four separate violation routes that could apply simultaneously.
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Meta Revenue Rises 28% but Profits Fall 14% as AI Spending Tops $31 Billion
Meta Platforms reported Q2 revenue of $60.8 billion, beating estimates, but net income dropped 14% and free cash flow fell to just $784 million as capital expenditure hit $31 billion and full-year guidance was raised to $145 billion.