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TechnologyProfound Raises $180 Million Series D at $1.8 Billion Valuation
The two-year-old New York company sells software that tracks how brands appear in AI-generated search answers. Sequoia Capital and Kleiner Perkins co-led the $180 million round, which landed less than seven months after a $96 million Series C.
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TechnologySam Altman Rules Out an OpenAI IPO in 2026, Citing AI Safety Work
OpenAI confidentially filed a draft S-1 with the SEC in June but will not list this year, Sam Altman told Fortune, calling a 2026 offering an ill-advised moment given the safety work still ahead.
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TechnologyAI Agents Compromised 440 PaperCut Servers at 395 Organizations
GreyNoise documented a campaign in which hundreds of AI agents built exploits and broke into 440 PaperCut NG/MF servers at 395 organizations across 48 countries, with one escalation to domain admin taking five minutes.
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CultureSuno Pulls Mary J. Blige Advertisement It Says She Never Authorized
Suno pulled an advertisement featuring Mary J. Blige after saying she never authorized it and that the company had struck the deal with someone falsely presenting themselves as her official representative.
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TechnologyAmazon Shuts Down Mechanical Turk on September 30 After 21 Years
Amazon is closing Mechanical Turk on September 30, 2026, after 21 years, along with SageMaker Ground Truth and Amazon Augmented AI. The platform listed over 500,000 workers across 190 countries and paid cents per task.
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TechnologyAmazon Tops $3 Trillion Market Cap for the First Time as Shares Hit Record
Amazon shares hit a record on August 3, pushing its market cap above $3 trillion for the first time. AWS grew 37% to $42.2 billion, and the quarter's $62.6 billion net income included $53.4 billion of gains primarily from its Anthropic stake.
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TechnologyNvidia's Open Secure AI Alliance Launches Without OpenAI, Google or Anthropic
Nvidia's new coalition argues cyber defenders need open-weight models they can run themselves, after a Hugging Face breach that commercial AI tools refused to analyze. Its 74-partner roster includes Microsoft, IBM and Mistral, but not OpenAI, Google or Anthropic.
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TechnologyCyera Agrees to Buy Oasis Security for $1 Billion to Secure AI Agent Access
Israeli data-security company Cyera has signed a letter of intent to buy Oasis Security for about $1 billion, roughly $700 million of it in cash. Oasis builds access management for non-human identities, which Cyera calls the fastest-growing identity type in the enterprise.
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TechnologyFireworks AI Raises $1.5 Billion Series D at $17.5 Billion Valuation
Fireworks AI closed a $1.505 billion Series D at a $17.5 billion valuation this week, led by Atreides Management, Index Ventures, and TCV, with Nvidia joining as the company passed a $1 billion annualized revenue run rate.
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TechnologyOnsemi to Acquire Synaptics for $7 Billion in All-Stock Deal
ON Semiconductor agreed to acquire Synaptics for about $7 billion in an all-stock deal, its largest ever, combining its power and sensing chips with Synaptics' edge-AI processors to push into physical AI.
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TechnologyMicrosoft Launches $2.5 Billion Frontier Company to Embed 6,000 AI Engineers
Microsoft launched Frontier Company on July 2, committing $2.5 billion and 6,000 engineers to embed inside enterprise customers and build AI systems, joining Amazon, OpenAI, and Anthropic in the forward-deployed race.
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Jobs – ClosedHead of Product at Xero
Xero, the largest accounting platform in the UK, Australia, and New Zealand, recently launched XeroForce — a cloud-based AI agent builder. They need a Head of Product to own it end to end and scale adoption.