11 August 2026

xAI co-founder Igor Babuschkin's River AI raised $1B led by General Catalyst to build home or small business computer servers capable of running AI locally (Cade Metz/New York Times)

Cade Metz / New York Times:
xAI co-founder Igor Babuschkin's River AI raised $1B led by General Catalyst to build home or small business computer servers capable of running AI locally  —  Igor Babuschkin built a new start-up, River AI, and hopes to provide ways for people to “retrain,” or modify, artificial intelligence …

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How India's IT services sector, which employs 6M people, contributes ~7% of GDP, and generates $300B+ annually, is shedding jobs as AI automates formulaic work (Financial Times)

Financial Times:
How India's IT services sector, which employs 6M people, contributes ~7% of GDP, and generates $300B+ annually, is shedding jobs as AI automates formulaic work  —  It was around 1.30am by the time Rakesh, a 45-year-old Oracle employee in the Indian technology hub of Bengaluru …

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OpenAI is hiring a power-trading lead to manage commodity hedging across its expanding data center power portfolio, as tech companies seek reliable electricity (Julian Hast/Bloomberg)

Julian Hast / Bloomberg:
OpenAI is hiring a power-trading lead to manage commodity hedging across its expanding data center power portfolio, as tech companies seek reliable electricity  —  OpenAI is hiring a power-trading lead to help manage the expanding energy needs of the electricity-intensive data centers running its artificial intelligence models.

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How a wave of disinformation on Facebook, WhatsApp, TikTok, Instagram, and Telegram contributed to a surge of migrants from Morocco to Spain's Ceuta enclave (New York Times)

New York Times:
How a wave of disinformation on Facebook, WhatsApp, TikTok, Instagram, and Telegram contributed to a surge of migrants from Morocco to Spain's Ceuta enclave  —  A wave of disinformation online contributed to a surge of migrants in the Spanish enclave of Ceuta who were trying to reach Europe, resulting in about 90 deaths.

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Intel raised $20B in an upsized share sale, up from the $15B it was targeting; sources say the sale drew $100B+ in demand; INTC is up ~146% in 2026 so far (Bloomberg)

Bloomberg:
Intel raised $20B in an upsized share sale, up from the $15B it was targeting; sources say the sale drew $100B+ in demand; INTC is up ~146% in 2026 so far  —  Making Sense of the Multibillion-Dollar Numbers of Nvidia Deal, Intel Share Sale  —  Video Player is loading.  —  Unmute

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