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Back to EpisodesDX Today AI Daily Brief - Wednesday, August 12, 2026
Published 3 weeks ago
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DX Today AI Daily Brief - Wednesday, August 12, 2026
Intel closes an upsized $20 billion share sale to bankroll its chip manufacturing buildout, while Tencent posts 11 percent revenue growth on AI powered advertising even as heavy AI spending squeezes profit. CoreWeave more than doubles revenue and reports a $104 billion backlog with capacity effectively sold out, and CME Group moves to make computing power a tradable commodity with the first regulated compute futures launching in October. River AI, founded by xAI co founder Igor Babuschkin, lands $1.1 billion to build an open AI stack, Mistral pledges a gigawatt of European compute by 2030, and IBM inks a $240 million inference deal with Together AI. Ryanair signs a five year Google Cloud partnership to bring AI tools to 35,000 employees, Microsoft cuts the price of its upgraded MAI Code coding model by roughly 75 percent, SpaceXAI launches Grok Bot agents that work like always on digital coworkers, LTX ships a faster than real time open weights video model, and Manus returns to independence after Chinese regulators force Meta to unwind its $2 billion acquisition.
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Intel closes an upsized $20 billion share sale to bankroll its chip manufacturing buildout, while Tencent posts 11 percent revenue growth on AI powered advertising even as heavy AI spending squeezes profit. CoreWeave more than doubles revenue and reports a $104 billion backlog with capacity effectively sold out, and CME Group moves to make computing power a tradable commodity with the first regulated compute futures launching in October. River AI, founded by xAI co founder Igor Babuschkin, lands $1.1 billion to build an open AI stack, Mistral pledges a gigawatt of European compute by 2030, and IBM inks a $240 million inference deal with Together AI. Ryanair signs a five year Google Cloud partnership to bring AI tools to 35,000 employees, Microsoft cuts the price of its upgraded MAI Code coding model by roughly 75 percent, SpaceXAI launches Grok Bot agents that work like always on digital coworkers, LTX ships a faster than real time open weights video model, and Manus returns to independence after Chinese regulators force Meta to unwind its $2 billion acquisition.
DX Today - Your daily AI news briefing, delivered every morning.
#AINews #ArtificialIntelligence #AIInfrastructure #AIAgents #DXToday