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Also: Meta to Build Cloud Business to Sell Excess AI Compute, and LLMs are stuck in a groupthink groove. This startup is trying to get them out.. Every story links to its primary source.
Curated by Gaurav · July 1, 2026
Abu Dhabi-based MGX has closed its AI-focused fund at $49 billion, exceeding its $45 billion target and making it one of the largest AI funds ever raised. The firm backs OpenAI, Anthropic, and xAI.
Meta is building a cloud computing business to sell external access to its AI infrastructure and models, shifting the company from consumer AI toward becoming an enterprise cloud platform.
MIT Tech Review on the LLM groupthink problem: ask any major chatbot for a random number between 1 and 10 and you will almost always get 7. A startup is now engineering deliberate disagreement into model outputs to break the pattern.
National Grid CEO Zoe Yujnovich details the company's $1.75 billion investment in Jouleant, a US-based AI power firm, as a direct bet on AI-driven electricity demand reshaping grid infrastructure.
Antonio Gracias, long-time SpaceX board member, is pivoting to new investments in AI, energy, and space after bets in Elon Musk's companies netted his fund nearly $100 billion.
Venice AI raises $65 million Series A, hitting unicorn status. The privacy-first platform, which lets users run 200-plus AI models without storing their data, is already profitable with over $70 million in annualized revenue.
Palantir CEO Alex Karp called the US military's reliance on consumer AI labs 'effing insane' in a heated CNBC interview, and announced a deal to deploy Nvidia's Nemotron models across US government agencies via Palantir's platform.
The White House is easing restrictions on Anthropic's most advanced AI models, Fable 5 and Mythos, weeks after ordering the company to suspend access for foreign nationals.
Tom Brown, an Anthropic cofounder and architect of GPT-3, quietly mediated the White House's complaints over the Fable and Mythos models, securing their global release after weeks of restricted access.
Square is integrating with ChatGPT and Claude so diners can discover and order from restaurants directly inside AI chat, no app download required. Square processes the transactions with no marketplace commission fees for businesses.
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