Maybe Nvidia ultimately won’t win the entire AI enchilada, even as it reminded everyone this week that it offers everything you need to build AI factories. This week, Advanced Micro Devices also announced a raft of new graphics processing units, central processing units and other processors for physical AI and robotics.

Nvidia may need to look over its shoulder, but it’s still the king, and looks stronger than ever. As theCUBE Research’s Dave Vellante noted, AMD CEO Lisa Su engineered an incredible turnaround, but this next one requires an entirely new kind of reinvention.

The entire AI industry is also looking over its shoulder as Chinese models continue to surprise with their frontier-level capabilities — this week from Alibaba, for one. And the AI code repository Hugging Face also employed China’s Z.ai model to battle attackers after U.S. models didn’t allow it. Meantime, OpenAI said its own AI models broke out of testing and hacked Hugging Face, and U.S. lawmakers are proposing a “kill switch” for such situations.

Anyway, the government is looking askance at the rise of Chinese models, accusing Moonshot AI of “distilling” other models to power its latest Kimi model that debuted last week. And it may crack down on Chinese model makers — though many people, including Microsoft CEO Satya Nadella, think the charges of distillation ring a bit hollow.

Investors remain unconvinced that AI will pay off for big tech companies. Alphabet had quite an impressive quarter, but its stock fell almost 15% Thursday, and Tesla’s shares fell almost 7%, on rising worries about all the costs of chasing the AI boom. IBM’s in a bit of a different pickle, as CEO Arvind Krishna again noted that despite rising AI business, the company didn’t have the products customers wanted, and its shares are down about 30% on the year.

Others fared better, even if investors were still wary. Thanks to the demand for CPUs for running AI models, Intel crushed its second quarter. And even SAP, still laboring under fears that AI will crush enterprise software, had a big earnings beat.

Two more big tech earnings weeks are coming up that will shed further light on whether the AI push is paying off — next week headlined by Microsoft, Meta, Amazon and Apple, the following week including AMD, Palantir and many others.

This column will be on vacation for the next two weeks, returning Aug. 14. Enjoy the summer! But our reporters and analysts will be posting as usual throughout, so you can always see the latest on SiliconANGLE.com.

Here’s all of this week’s enterprise and emerging-tech news and analysis from SiliconANGLE, theCUBE Research and beyond:

Analysis, opinion and food for thought

Why the next battle for technology IPOs begins years before companies go public

Mark Zuckerberg launches AI optimism campaign He’s got to be kidding, right?

Understanding the AI economy: Latest study from Google says AI is helping workers, not replacing them

Data centers expected to use 4x more electricity by 2035

AI and data: China’s AI models put US on edge

Policy

Senior White House official accuses Moonshot AI of copying Anthropic’s leading frontier model

US Treasury Secretary Bessent threatens sanctions against Chinese AI model makers

Lawmakers call for a ‘kill switch’ after rogue AI causes alarm

Anthropic settles with authors and publishers for $1.5B in landmark copyright case

New models and services

OpenAI launches Health in ChatGPT a day after lawsuit seeks to block it

Google expands Gemini with cheaper models and a bug-hunter it keeps on a leash

Alibaba previews Qwen3.8, claims it’s second only to Claude Fable 5

Cisco releases Antares, open-weight small models for locating code vulnerabilities

Databricks and Microsoft expand Azure partnership into the 2030s

OpenAI introduces Presence to help enterprises build AI agents

Block launches Buzz, an open-source workspace for humans and AI agents

Harness launches Agent DLC for developers to deploy AI agents using familiar processes and tools

WekaIO revamps its AI data storage platform and unveils its first hardware for agentic workloads

Komodor’s autonomous site reliability engineer Klaudia gets a better memory to reduce cloud complexity

Exclusive: Speakeasy service tracks enterprise-wide AI agent spending

ShelterZoom subsidiary Mithra launches AI ‘trust infrastructure’ platform

Money matters

AI materials science startup CuspAI raises $450M in funding

Stripe reportedly in talks to buy buzzy AI model marketplace OpenRouter

Sierra acquires TakeOff, the long-horizon AI agent platform

Ropedia raises $22M to scale human-centric data collection for embodied AI

SkyPilot nabs $20M to ease AI infrastructure management

Infinity raises $15M to run AI inference on any chipset

Real-time speech intelligence startup Cast Insights raises $4.5M to track the world’s TV, radio and podcasts

Legal AI startup Vikk AI raises $4.2M to build lawyer ads inside AI search

Around the enterprise: AMD rising

New products and services

Coverage around the AMD Advancing AI event:

AMD debuts next-generation AI infrastructure for frontier models, agentic workloads and autonomous robots

Microsoft to use AMD’s AI-optimized Helios racks in Azure

AI infrastructure systems redefine the AMD-Nvidia rivalry as inference reshapes the market

Jensen says not so fast: Nvidia doubles down on AI factories as it showcases massive Vera Rubin performance gains Analysis from Zeus Kerravala: Nvidia Vera Rubin: Inside the agentic AI factory that rewrites the CPU playbook

Anthropic to buy up to 2 gigawatts of GPU capacity from AMD

And ICYMI, Dave Vellante’s pre-event analysis to put it all in context:  AMD’s next reinvention: A new playbook for the AI era

Yikes, if even a quarter of all this is true, that’s a Meta mess: Meta’s infrastructure team needs a culture reset (per SemiAnalysis)

Google reportedly developing ‘Frozen v2’ AI chip optimized for Gemini models

Intel to manufacture firewall chips for Fortinet, its first public foundry customer

Oracle debuts Base Database Cloud@Customer system for on-premises databases

Whop releases command-line interface to let business owners and their AI agents access digital commerce

Earnings

Alphabet’s stock sinks after it bumps up AI infrastructure spending yet again

IBM cuts outlook as software and mainframe weakness weighs on results

Intel posts its highest revenue growth in 15 years, crushing expectations in its latest results

SAP shrugs off fears of AI eating software with big earnings beat

AI server maker Supermicro’s stock gains on $60B order backlog and stronger margins

ServiceNow beats estimates and raises outlook as AI passes $1B in bookings

Tesla earnings miss despite strong EV sales; Elon Musk preaches robotaxi caution

Texas Instruments beats Q2 2026 estimates, shares fall after hours

Mobileye reports bullish Q2 but stock drops

Pegasystems stock tumbles 10% as AI challenges drive Q2 earnings, revenue miss

STMicroelectronics profit misses estimates, shares fall 14%

RingCentral earnings beat, revenue tops estimates

Other money matters

Oracle secures $7B contract to supply the Pentagon with vital software and services

Travis Kalanick’s industrial automation startup Atoms raises $1.7B in funding

Mistral AI strikes multibillion-dollar deal with Microsoft to build out Azure infrastructure in Europe

AI data center builder Fluidstack raises $830M at $7.5B valuation

AI chip startup Etched more than doubles valuation in new $300M round

Policy

France to become first EU nation to ban social media for children under 15

Cyber beat: OpenAI agents go rogue

Attack & response

OpenAI says its own AI models broke out of testing and hacked Hugging Face

Hugging Face uses open-weights Z.ai GLM 5.2 to battle attacker after commercial frontier model refusal

New services

Box adds security controls to govern AI agents working with enterprise content

Exclusive: Fig launches Figaro AI agent and brings CI/CD to security operations

Google rolls out selfie video sign-in for account recovery

Cato Networks and CrowdStrike partner to unify network and endpoint security

NowSecure adds AI-native testing to keep pace with AI-built mobile apps

Ivanti adds predictive remediation to get ahead of the patch backlog

Lookout launches tool to expose vulnerable code hidden inside mobile apps

Swimlane launches AI security operations center for managed security services providers

OneSpan debuts DigipassONE platform to modernize bank authentication

AWS turns Security Hub into an AI and multicloud security control plane

Money matters

AI-native endpoint security startup Glow is born a unicorn after raising $180M

Neo Security bags $100M to build the secure control layer for enterprise AI agents

AegisAI banks $36M as AI spear-phishing surges fivefold in a year

Abstract Security raises $25M Series A extension, recurring revenue up 380%

Exclusive: StrongestLayer raises $4.1M for reasoning-based email security