AI Economics Diverge: Capex Climbs, Prices Crash, Apple Moves to Charge
The AI industry's economic model is splitting into three distinct lanes in a single earnings week: hyperscalers pouring capital into infrastructure, model providers slashing prices to hold market share, and device makers preparing to pass c…
South Korea Creates $14B Sovereign Fund Account for AI and Semiconductor Investment
South Korea has approved a new 20 trillion won (US$13.9 billion) investment account within its sovereign wealth fund targeting artificial intelligence, data centers, semiconductors, and other strategic industries . The account, announced on…
OpenAI Cuts GPT-5.6 Terra Price 20%, Luna 80% Amid Cost Pressure
OpenAI announced on Thursday that it is slashing prices on two of its three GPT-5.6 series models, cutting Terra by 20% and Luna by 80%, roughly three weeks after their public release . Terra, the mid-tier model in the GPT-5.6 lineup, will…
Google's AI Bug Hunting Patches More Chrome Flaws in June Than Prior 23 Updates Combined
Google's two Chrome updates in June patched more bugs than the 23 updates that preceded them, a volume the company attributes to AI-assisted vulnerability discovery . Google is now ramping up its patching schedule to keep pace with the acce…
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RANKED · 8 THIS DAYMiniMax Launches H3 Multimodal Video Model With Open Weights and Aggressive Pricing
MiniMax released H3, its first open-source multimodal generation model, on July 31, combining 2K video output, native audio-video generation, and pricing at roughly one-third of comparable flagship models . The launch arrives alongside Byte…
Amazon Raises 2026 Capex to $220 Billion as AWS AI Demand Drives Fastest Cloud Growth Since 2021
Amazon raised its 2026 capital expenditure forecast to $220 billion, up $20 billion from its prior $200 billion projection, as CEO Andy Jassy pointed to surging AI demand during the company's second-quarter earnings call . The company spent…
Nscale to Acquire Anyscale for $1.65 Billion
British AI neocloud Nscale is acquiring Anyscale, the software startup that helps companies scale AI workloads across data centers and servers, for $1.65 billion, Bloomberg reported, citing an anonymous source . The deal deepens Nscale's v…
ByteDance Launches Seedance 2.5 With 30-Second Video Generation
ByteDance released Seedance 2.5 on July 31, doubling the single-generation video duration of its video-creation model from 15 seconds to 30 seconds . The model can generate a 30-second high-quality video clip in a single run and supports mu…