Palantir Technologies reported $1 billion in profit for the quarter, with chief executive Alex Karp again warning that AI frontier labs are too untrustworthy for enterprises to rely on. Mr Karp's criticism comes as the data-analytics firm positions itself as a safer alternative for organizations deploying AI systems. Source
Design Arena, a platform that gathers human evaluations to train frontier AI models, raised $7.9 million in funding. The service is used by 5.3 million people worldwide and provides critical feedback to leading AI labs. Source
June, a startup backed by Marc Benioff, Salesforce's chief executive, emerged from stealth with a $20 million pre-seed round. The company aims to simplify AI adoption for enterprises. Source
The European Union brought new transparency rules into effect on August 2nd under its landmark AI Act, requiring companies to disclose when people are interacting with AI models and identify AI-generated deepfakes. The obligations aim to help users identify chatbots and manipulated content online. Source
Alibaba released Qwen3.8-Max, which the Chinese technology giant claims is its largest and most capable AI model to date, with performance rivaling systems from American frontier labs Anthropic and OpenAI as well as domestic competitors like Moonshot AI's Kimi K3. The company has made the model widely available to users. Source