Groq, an AI chipmaker, has raised $650m in funding and is reshuffling its executive ranks following a restructuring of its relationship with Nvidia. The company is leaning into its neocloud business as it charts a path forward independently after Nvidia's earlier $20bn deal that saw the acquisition of some Groq staff and assets. Source
Reflection AI, an open-source AI laboratory, has signed a compute deal with SpaceX worth $150 million per month from July 1, 2026 through 2029. The arrangement grants Reflection AI immediate access to Nvidia's latest GB300 AI chips and supporting hardware across SpaceX's Colossus 2 data centre near Memphis, Tennessee. Source
Google DeepMind and A24, a film production and distribution company, are teaming up on a $75m initiative to build AI filmmaking tools. The partnership bets on generative AI's future role in Hollywood production and creative workflows. Source
OpenAI has launched a new initiative to identify and patch security vulnerabilities in open-source software. The programme aims to tackle mounting security concerns within the open-source community as AI systems capable of finding and exploiting such flaws become more sophisticated. Source
Meta has paused an employee-tracking programme after an internal data leak exposed potentially sensitive information from the initiative. The system had involved collecting workers' keystroke data to train AI models, raising privacy concerns that had previously prompted objections from employees. Source