Microsoft reported on July 29 that Azure revenue crossed $100 billion annually for the first time, with Q4 FY2026 cloud growth accelerating to 43%, while Microsoft 365 Copilot reached over 30 million paid seats — more than doubling in the quarter.
Tag: artificial intelligence
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South Korea Closes $950 Billion in AI Deals at San Francisco Summit
South Korean companies struck $950 billion in semiconductor and AI deals with Nvidia, Anthropic and Broadcom at a San Francisco summit hosted by President Lee Jae-myung on July 24.
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China Consults Alibaba and ByteDance on Curbing Overseas AI Model Access
China is consulting Alibaba and ByteDance on restricting foreign downloads of AI model weights, in a move that could end Beijing’s open-source AI advantage.
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China Launches 29-Nation AI Cooperation Body at Shanghai Conference
China launched WAICO on July 16, a new 29-nation AI cooperation body, at the Shanghai World AI Conference as Beijing challenges US-led governance frameworks.
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Intel Commits €5 Billion to Ireland Fab to Scale AI Chip Supply
The Leixlip campus expansion will scale up Intel Xeon 6 production on the Intel 3 node, adding to more than €30 billion Intel has invested in Ireland since 1989.
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Helsing Raises $1.8 Billion at $18 Billion Valuation in Europe’s Largest Defense-AI Round
Munich-based defense-AI startup Helsing closed a $1.8 billion Series E on July 13, reaching an $18 billion valuation with backing from JPMorganChase and Goldman Sachs in the largest European defense-startup round on record.
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Google delays Gemini 3.5 Pro to July 17 for a ground-up architectural rebuild
Google DeepMind abandoned the Gemini 2.5 Pro base architecture and pushed the 3.5 Pro launch to July 17, opting for a complete rebuild to close performance gaps in mathematical reasoning and SVG generation before competing releases from OpenAI and Anthropic.
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EU AI Act’s GPAI penalty powers take effect August 2 — what changes in 33 days
On August 2 the EU AI Act activates penalty enforcement powers over AI model providers — up to €15m or 3% of global turnover — alongside new chatbot transparency rules and revised high-risk system deadlines.
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Anthropic says Alibaba used 25,000 fake accounts to run 28.8 million Mythos queries for Qwen training
Anthropic disclosed that operators linked to Alibaba’s Qwen lab ran 28.8 million interactions through 25,000 fraudulent accounts over 45 days, harvesting its Mythos model’s outputs to train rival AI systems.
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Reflection AI takes $6.3bn SpaceX compute deal as AI infrastructure concentrates
Reflection AI will pay SpaceX $150 million a month for Nvidia GPU access at Colossus 2, in a contract worth up to $6.3 billion through 2029.