Releases

Hugging Face released a fully open 3B multilingual model with 128K context, switchable reasoning, tool use, and a disclosed training recipe.

CoreWeave announced an all-stock agreement to acquire Core Scientific and increase direct ownership of power and HPC data-center infrastructure.

Ilya Sutskever took over as chief executive after co-founder and former CEO Daniel Gross left the company; Daniel Levy became president.

Mistral AI introduced AI for Citizens, a sovereign AI offering for governments and public-sector institutions.

Palantir launched Warp Speed for Warships to apply industrial AI and manufacturing software to U.S. shipbuilding.

Perplexity launched Max, a premium subscription tier with expanded access to frontier models and new products.

Surge was reported to be seeking up to $1 billion in primary and secondary capital at a valuation above $15 billion; no round had closed.

Skild AI raised a reported $135 million Series B backed by strategic and venture investors including NVIDIA, Samsung and SoftBank.

Baidu introduced enterprise AI agents designed as role-specific digital workers.

Morgan Stanley arranged $5 billion of debt financing and xAI separately raised $5 billion in strategic equity to fund AI infrastructure and product development.

Chai reported a 16% antibody binding rate, hits for half of tested targets, and a 68% wet-lab hit rate for miniprotein binders.

Chai Discovery introduced a model family for zero-shot de novo antibody, nanobody, and miniprotein design.

Lovable introduced Agent Mode in beta, enabling the product to plan and take actions autonomously while building software.

CoreWeave had a public equity market capitalization of approximately $83.1 billion as of Jun 30, 2025 (NASDAQ: CRWV), per StockAnalysis period-end data.

Baidu had a public equity market capitalization of approximately $29.5 billion as of Jun 30, 2025 (NASDAQ: BIDU), per StockAnalysis period-end data.

IBM had a public equity market capitalization of approximately $274.0 billion as of Jun 30, 2025 (NYSE: IBM), per StockAnalysis period-end data.

Palantir had a public equity market capitalization of approximately $321.7 billion as of Jun 30, 2025 (NASDAQ: PLTR), per StockAnalysis period-end data.

Meta had a public equity market capitalization of approximately $1.856 trillion as of Jun 30, 2025 (NASDAQ: META), per StockAnalysis period-end data.

Amazon had a public equity market capitalization of approximately $2.329 trillion as of Jun 30, 2025 (NASDAQ: AMZN), per StockAnalysis period-end data.

Alphabet had a public equity market capitalization of approximately $2.145 trillion as of Jun 30, 2025 (NASDAQ: GOOGL), per StockAnalysis period-end data.

Microsoft had a public equity market capitalization of approximately $3.697 trillion as of Jun 30, 2025 (NASDAQ: MSFT), per StockAnalysis period-end data.

Suno acquired WavTool to add advanced digital-audio-workstation technology.

Baidu open-sourced ten ERNIE 4.5 variants spanning dense and mixture-of-experts text and vision-language models.

Meta consolidated its frontier AI efforts into Meta Superintelligence Labs, led by Chief AI Officer Alexandr Wang with Nat Friedman overseeing AI products and applied research.

Rogo rolled out finance-focused Deep Research capabilities in collaboration with OpenAI.