AI News

AI news brief: KOSPI triggered circuit breakers for two consecutive days, wiping $620 billion in market cap, mainly because SK Hynix’s Q2 earnings missed analyst expectations (despite record operating profit of 60.54 trillion KRW and 557% YoY growth, still below the 64 trillion KRW consensus). Stock fell another 4% that day, and combined with Tuesday’s drop, SK Hynix and Samsung Electronics together account for nearly half of the Korean index weight. The sell-off was amplified by single-stock leveraged ETFs approved in May…

AI News Flash: This Cointelegraph original summary contains only copyright notice text and does not include any substantive technical details, numbers, or mechanism descriptions about MoonPay’s AI Payment Vault supporting crypto transactions for ChatGPT and Claude. See the original link for details.

AI News Brief: OpenAI announces free access to its most advanced ChatGPT AI models for 100,000 academic researchers, aiming to accelerate scientific research, cross-institutional collaboration, and academic discovery. This initiative allows researchers to use OpenAI’s top-tier models to assist with literature review, hypothesis generation, and data analysis without subscription fees, potentially lowering the barrier for academia to adopt advanced AI tools and fostering collaboration among cross-disciplinary research teams…

AI News Flash: Cyera (a data security company) just raised $600 million at a $12 billion valuation and on Tuesday announced it has signed a letter of intent to acquire Oasis Security for approximately $1 billion, with the deal mostly paid in cash and the remainder in Cyera shares. Oasis focuses on securing non-human identities, primarily AI agents. As the number of AI agents explodes, enterprises need security tools that can monitor these agents’ behavior and manage their access permissions to other software. Founded in 2022, Oasis has raised approximately $195 million to date from investors including Accel, Craft Ventures, and Cyberstarts. This deal highlights the rapid growth of the cybersecurity market and surging enterprise demand for products that defend against weaponized AI threats. Notably, Cyera and Oasis share common investors Accel and Cyberstarts, and Cyera has been on an acquisition spree lately — having previously acquired Ryft (backed by Index Ventures) and Genie Security (founded less than a year ago). After the deal closes, Cyera plans to integrate Oasis’s technology into a unified identity and data security platform. However, according to a TechCrunch report last month, while Cyera’s ARR has surpassed $150 million, the company is still some distance from profitability. This five-year-old company has raised a total of approximately $2.3 billion to date.

AI news brief: Pangram, a New York startup focused on detecting AI-generated content, has raised $9M led by Menlo Ventures with participation from Haystack, ScOp, Script Capital, and Cadenza. They also launched Pangram 4 (text detection) and Pangram Image (image detection), claiming over 99% accuracy in detecting AI-assisted writing, human-AI hybrid content, and AI humanizer-rewritten text. The image detection model is currently research-preview only with wider release planned in coming weeks.

AI news brief: TSMC and South Korean chip stocks plunged on July 29, with SK Hynix shares falling despite reporting strong earnings — reflecting investor concerns about the rise of Chinese chipmakers outweighing fundamental positives. South Korea’s benchmark index accelerated its decline on Wednesday, breaking below a key technical indicator threshold and wiping out all the previous AI-driven rally gains. Market observers noted that profit-taking and position unwinding in AI-related trades…

AI News Brief: Rio Tinto and Woodside, two major Australian resource companies, released their earnings reports on Wednesday showing significant revenue jumps, driven by the Iran war pushing up commodity prices and the AI-fueled data center construction boom lifting LNG and metal prices. Rio Tinto benefited from its exposure to two major global tech trends — electrification and data center construction — driving substantial growth in mining profits. Woodside, as an LNG producer…

AI News Brief: Nvidia announces plans to invest $1 billion in South Korean tech group Naver, marking a new phase in their collaboration on building global AI infrastructure. Under the agreement, Naver will leverage its partnership with Nvidia to target 200 megawatts (200MW) of data center capacity by 2028. The funds will go toward data center construction and expansion to support the massive compute demands of AI workloads…

AI News Brief: PayPal highlighted stablecoins and AI-driven payment tools as strategic priorities in its Q2 2026 earnings, while crypto assets continue to factor into its profit adjustments. The company posted EPS of $1.26 for the quarter, down from $1.30 in the same period last year and below analyst estimates of $1.28; revenue reached $8.68 billion, up from $8.29 billion year-over-year and beating the $8.47 billion consensus. …

AI News Brief: Core Scientific’s Q2 revenue more than doubled YoY from $78.6M to $164.2M, driven by rapid expansion of AI and HPC colocation business, while bitcoin mining’s share keeps shrinking. Colocation revenue surged from $10.6M to $136.7M YoY, lifting gross profit from $5M to $70M, but a $1.215B non-cash loss from warrant revaluation pushed the company to a $1.15B net loss.