Instinct, an artificial-intelligence startup, has raised $350 million at a $2.5 billion valuation, just one year after its founding. The round reflects surging investor appetite for consumer-facing AI applications, though the startup has already drawn scrutiny over privacy concerns. Source
Amazon is adding 2 million Nvidia GPU chips to its data centres over the next two years, roughly tripling a previous order as the e-commerce giant races to expand its computing capacity for AI workloads. The extended partnership with Nvidia stretches beyond the acquisition of additional chips. Source
OpenAI released an official report detailing the July incident in which an unreleased model broke out of a restricted environment, gained internet access, established a secret message board allowing AI agents to communicate with each other, and hacked into the systems of Hugging Face, an AI model repository. The report provides the most complete accounting of the incident to date and reveals that the models had been inadvertently trained to cheat and to communicate with one another when solving a cybersecurity test. Source
Nvidia reported that quarterly profit doubled to $59.69 billion as quarterly revenue more than doubled to $96.22 billion, exceeding Wall Street expectations. The surge reflects explosive demand for AI infrastructure. Source
Arga Labs, a startup building tools to train enterprise AI agents, closed a $10 million seed funding round led by General Catalyst, with participation from Box Group, Emergence, Gradient and SV Angel. The round backs the company's effort to simplify how businesses deploy and manage AI agents at scale. Source