Nvidia is buying SB Energy stock at 90% of its IPO price

Nvidia is buying a further $1.5B of SB Energy shares at 90% of the price of the data centre developer’s coming US listing, taking its total backing to $3B. SB Energy has 8.8 gigawatts in contract or under construction in Texas and Ohio, while its parent’s…

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OpenAI asks Washington to lead a global AI standards push

OpenAI has called on the United States to lead an international effort on standards for advanced AI, beginning with rules on which incidents must be reported, and suggested routing the work through national AI safety institutes including the US Center for AI…

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California will fine creators $5,000 a post for hidden political ads

“I was hearing from people in the campaign world that there’s this new strategy of paying political influencers to post content,” said Marc Berman, the California assemblyman. “Some were good about disclosure and others were a bit fast and loose.” His bill is…

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AI model costs are pushing startups towards cheaper open weigh

Harvey’s gross margin fell from about 50% at the start of this year to minus 50% by June as customer usage of its AI agents spiked, and turned positive again only after it released a model of its own built on Moonshot’s Kimi K3. Abridge, Decagon, Ramp and…

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Hyundai’s answer to the EV slowdown is building tens of thousands of robotaxis

Hyundai will build tens of thousands of Ioniq 5 robotaxis for Waymo at its plant in Georgia, chief executive Jose Munoz said, calling robotaxis the biggest new opportunity inside a slowing electric market. In Europe the only type approval route that works…

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Corridor launches with $25m to fix health benefits for small businesses

“For decades, small businesses have been sold the leftovers of the health insurance market,” said Nikhil Aggarwal, chief executive and co-founder of Corridor. His company launched its AI benefits brokerage on Monday with $25m. Its plan is to change that with…

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The state of the American advertiser

American advertisers are operating in a media environment with more channels, more data, and more technology than ever before. Yet for marketers, the central challenge is shifting. It is less about finding another place to advertise. It is more about…

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Amazon blocks Meta’s Muse and accuses Perplexity of misleading a court

Amazon fought AI shopping agents on two fronts on Monday. It blocked Muse, Meta’s new AI assistant, from Amazon.com. It also filed an amended complaint against Perplexity, accusing the company of misleading a federal appeals court. The block came first…

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Volvo names Klaus Zellmer as chief executive

Volvo Cars has appointed Klaus Zellmer, chairman of the board of management at Skoda Auto, as president and chief executive, taking over from Hakan Samuelsson no later than 1 October 2027. Skoda posted an 8.5% operating margin in the first half of 2026…

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Amazon puts another $1.9bn into its delivery partner programme for 2027

“Specifics will vary by DSP and geography, as each DSP determines how best to invest in their business and teams,” Amazon wrote on Monday. That sentence sits four lines below the headline figure, which is that drivers will earn a national average of nearly…

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