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OpenAI and Anthropic now out-lobby Nvidia in Washington

The AI industry is buying a bigger seat at the table. OpenAI and Anthropic set records for federal lobbying in the second quarter of 2026, CNBC reported. Together they spent $3.17 million, up 23% from the first quarter. Startups outspending giants The individual numbers are the striking part. Anthropic spent $1.97 million, up 26% in […]

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Oracle says one AI data centre could cost it a $7bn power guarantee

Oracle is building a huge AI data centre in Port Washington, Wisconsin, with Vantage and OpenAI. The nearly one-gigawatt Lighthouse Campus is a roughly $15 billion project. To get the electricity to run it, though, Oracle first has to satisfy the local regulator, and that is proving expensive. In a sworn affidavit, Oracle says the […]

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A 25-year-old just raised $180M to build a US bank from scratch

Augustus has raised $180 million at a $1 billion valuation. Tiger Global led the round, the company announced on Tuesday. Hummingbird, QED, and the founders of Nubank, Ramp, Circle and Deel joined in. The startup has now raised $210 million in total. A bank, built from scratch Augustus wants to be what it calls the […]

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Moonshot is chasing a $50bn valuation, and it wants two funding rounds to get there

China’s Moonshot AI is raising money at a pace that would make most startups dizzy. The lab should close a round that values it at $31.5 billion in the coming days, Bloomberg reported. It then plans to open another almost immediately, targeting a valuation of as much as $50 billion. Two rounds, one summer The […]

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US computer-science enrolment just fell for the first time in 20 years

Computer science was the safe bet. For twenty years, enrolment in the US only went up. In the 2025-26 academic year, it went down. The reversal The finding comes from Jacob Light, an economist at Stanford’s Hoover Institution. Business Insider reported his research. His dataset is vast: more than 50 million course sections since 1996, […]

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Washington wants to sanction Chinese AI for ‘theft’. Nvidia’s Jensen Huang says that’s backwards.

On Tuesday, Treasury Secretary Scott Bessent went on television with a warning for China. On the same day, the chief executive of the company that powers the entire AI boom went the other way. The threat Bessent said the US will scrutinise Chinese open-source models for stolen intellectual property, as Bloomberg first reported. It could […]

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Databricks’ cofounder just raised $20M to be the Switzerland of AI compute

The company came out of stealth on Tuesday. The founders built it at UC Berkeley, in the same lab that produced Spark, Databricks, and Anyscale. The team includes Zongheng Yang and Databricks co-founders Ion Stoica and Scott Shenker. The star-studded cheque Lux Capital led the $20 million seed, Fortune first reported. Coatue, Amplify, Foundation, Race, […]

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Over half the music uploaded to Deezer is now AI, and most of it is fraud

The tide has crossed the halfway mark. Deezer said this week that AI songs made up more than 50% of its June uploads. It is a first for the French streamer. From a trickle to a flood The climb has been steep. Deezer started counting in January 2025, when AI made up roughly 10% of […]

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BlackRock is raising $12bn to build Meta a data centre it will own, lend to, and rent out

On Monday, JPMorgan and Morgan Stanley began pitching investors on a bond sale of at least $12 billion, as The Wall Street Journal reported. The money will build a Meta data centre in El Paso, Texas. The structure is the story. Who owns what BlackRock and its infrastructure and private-credit arms own 80% of the […]

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Google and Ford are funding a push into the trades, the jobs their AI can’t do

The four companies announced the Alliance for America’s Skilled Trades on Tuesday. The pitch is a labour shortage. The subtext is harder to miss. The number behind it Employers cannot find enough electricians, technicians, and builders. The alliance puts the gap at 2.1 million unfilled skilled-trade jobs by 2030, across manufacturing, infrastructure, and energy. It […]

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