Nvidia-backed neocloud Lambda is in talks
Sources: Nvidia-backed neocloud Lambda is in talks to raise up to $3B at a $12B+ valuation; its revenue this year is estimated to reach $1.5B+
TL;DRAI cloud startup Lambda seeks $3B funding at $12B+ valuation with $1.5B revenue.
Why it matters: Signals explosive AI infrastructure demand and validates Nvidia's bet on independent cloud competitors.
OpenAI restores 5-hour Codex and Work limits for ChatGPT Plus users
TL;DROpenAI brings back hourly and daily limits for ChatGPT Plus to reduce server strain.
Docs: Meta plans to launch its version of OpenClaw, codenamed Hatch
TL;DRMeta launching AI agent "Hatch" late summer and AI model "Watermelon" in October.
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IBM announces chip that natively executes Arm and Z instructions
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Quintessent, a startup making optical interconnects for data centers
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Microsoft AI watermarks in Paint and Photos are linked to user IDs
Microsoft's AI watermarks in Paint and Photos contain traceable user IDs.