The Brutalist Report - tech
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- SAP reports Q2 cloud revenue up 22% YoY to €6.28B, vs. €6.26B est., total revenue up 9.4% to €9.88B, and lowers its 2026 non-IFRS operating profit guidance (Grace Yoon/Wall Street Journal) [8m]
- The Pentagon signs an up-to-10-year contract with Oracle worth up to $7B to consolidate department's on-premises software licenses into a single contract (Mike Stone/Reuters) [18m]
- Oracle wins a 10-year software contract with the Pentagon worth up to $7B; the contract covers the use of Oracle software in on-premises data centers (Jordan Novet/CNBC) [33m]
- Trump says 200 additional stakeholders, including major utilities, joined a voluntary pledge to protect consumers from high energy bills from AI data centers (Josh Boak/Associated Press) [58m]
- Filing: the value of Alphabet's investments in unidentified private companies was ~$124.3B as of June 30, source says driven primarily by its Anthropic stake (Davey Alba/Bloomberg) [1h]
- Intel reports Q2 revenue up 25% YoY to $16.1B, vs. $14.42B est., its fastest sales growth in ~15 years on "unprecedented" demand; INTC jumps 10%+ after hours (Kif Leswing/CNBC) [1h]
- Tesla stock closed down 14.52% and Alphabet closed down 6.89% after they signaled increased AI spending, amid worries about the mounting costs of the AI boom (Arjun Kharpal/CNBC) [1h]
- Germany's Black Forest Labs launches Flux 3 and Flux-mimic, its first models for robotics, as it expands from generative AI into physical AI (Yazhou Sun/Bloomberg) [1h]
- Microsoft replaces OpenAI's image-generating models with its MAI models in its products; Mustafa Suleyman says MAI models are ~85% cheaper to run in PowerPoint (Brody Ford/Bloomberg) [1h]
- Patreon lays off 20% of its employees, or 93 people, citing a "painful" restructuring due to "profound" changes in the creator economy (Corbin Bolies/Variety) [2h]
- Anthropic makes its Opus and Sonnet models available in voice mode, and says voice mode can now tap into some connected apps like Gmail, Slack, and Notion (Ivan Mehta/TechCrunch) [2h]
- Foundation Future Industries, backed by Eric Trump, partners with AMD to develop autonomous humanoid robots using the AMD Ryzen AI Embedded X100 Series chips (Aishwarya Jain/Reuters) [2h]
- AegisAI, which uses AI agents to detect AI-driven spear-phishing attacks, raised a $36M Series A led by Battery Ventures, bringing its total funding to $49M (Marina Temkin/TechCrunch) [2h]
- No new articles in the Past 3 Hours.
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