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Writer bets on cheaper AI agents with Palmyra X6 and a leaner harness

Writer, the enterprise AI company, has launched Palmyra X6, its new flagship model, alongside an upgraded “harness” built to do something the industry has been curiously reluctant to promise: spend fewer tokens. The model is a post-training variation on Z.ai’s open-source GLM-5.2, and it is available to Writer’s clients from today. The pitch arrives at […]

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Databricks Closes $5 Billion Round at $190 Billion Valuation

Databricks has closed a $5bn round at a $190bn valuation, led by Coatue, with revenue run-rate past $7bn and growth above 80% year on year. That is a 42% valuation increase in six months, and it comes after chief executive Ali Ghodsi called 2026 a bad year to go public. Databricks has closed $5bn at […]

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Google’s cheap model is now two versions ahead of its flagship

Google has released Gemini 3.7 Flash with sharp gains on coding benchmarks and introductory pricing of $0.75 per million input tokens. Gemini 3.5 Pro remains months behind schedule, and Google will not say whether it is still coming. Google has released Gemini 3.7 Flash, and still will not say when its flagship model is coming. […]

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GM and LG restart Ohio battery production after seven idle months

Ultium Cells, the GM and LG Energy Solution joint venture, restarts EV battery cell production in Warren, Ohio next week after a seven-month shutdown, with about 1,400 workers. US EV sales rose 14.2% in the second quarter but remain 20.5% below a year earlier. The battery plant that GM and LG idled in January is […]

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OpenAI is not just replacing its revenue chief, it is rebuilding the sales operation

OpenAI chief revenue officer Denise Dresser is leaving after eight months, replaced by Dali Rajic, formerly president and chief operating officer of Wiz. The company has also hired recruiters to rebuild its go-to-market team, two days after longtime executive Brad Lightcap said he was leaving. OpenAI’s chief revenue officer is leaving after eight months in […]

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Europe built the world’s largest electric plane. It flew in New York

Heart Aerospace flew its X1 demonstrator at Plattsburgh International Airport on 12 August, the company announced. The aircraft taxied, took off, climbed, manoeuvred and landed. It reached 335 metres, and its all-electric propulsion produced more than one megawatt. The airframe explains the record. The X1 has a wingspan of about 32 metres, runs 23 metres […]

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Anthropic’s $2trn IPO is priced below what AI stocks already fetch

The number comes from investors, not the company. Six backers told the Financial Times that rising revenue would let the five-year-old lab more than double its valuation in an autumn listing. At $2 trillion it would eclipse SpaceX, which went public at $1.77 trillion in June. Anthropic itself has fixed nothing. Several investors said senior […]

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DeepSeek built a Claude Code rival, then quadrupled its prices

Start with the money, because it is the part every developer noticed. From 16 August, a million output tokens through DeepSeek-V4-Pro costs $3.96 at peak, up from $0.87. V4-Flash goes from $0.28 to $1.32, Bloomberg reported. Off-peak rates are half the new peak, so $1.98 and $0.66. Now hold those discount rates against last week’s […]

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