• Israeli startup Alta, which develops an AI agent platform for marketing, sales, and business development teams, raised a $25M Series A led by IN Venture (Meir Orbach/CTech)
• Chinese autonomous driving company Momenta saw a muted trading debut in its Hong Kong IPO, valuing the company at ~$9B, after raising $751M (Jiahui Huang/Wall Street Journal)
• Sources: China plans to let some of the country's major AI companies buy a small number of Nvidia's H200 chips to alleviate a domestic computing shortage (Qianer Liu/The Information)
• Mistral launches Robostral Navigate, a hardware-agnostic robotics navigation model trained via simulation that utilizes a single camera and language prompts (Benoit Berthelot/Bloomberg)
• Crypto VC firm Paradigm raised $1.2B, its third fund, to invest in areas outside of crypto, including AI and robotics; Paradigm had $11.9B in AUM in 2025 (Rebecca Torrence/Bloomberg)
• Nvidia lost $1T in market value over the past two months, dropping 16% from its May all-time-high, trading at 18x forward earnings, its lowest level since 2019 (Bloomberg)
• The OpenAI Deployment Company agrees to acquire Northslope, an applied AI company founded by ex-Palantir employees, its second acquisition after buying Tomoro (Madison Mills/Axios)
• Kaon AI, which builds personalized story worlds using its AI-based FlowGPT and Emochi tools, raised $60M from B Capital and others, and says Emochi has 2M DAUs (Corbin Bolies/Variety)
• Former GitHub CEO Thomas Dohmke's Entire launches a decentralized Git network to handle high coding agent traffic, with servers in the US, the EU, and Australia (Radhika Rajkumar/ZDNET)
• SK Hynix's IPO prospectus analysis, as it seeks to raise ~$28B on the Nasdaq: highly leveraged to HBM, extensive ties to China, and health and safety issues (Tim Culpan/Culpium)
• Internal documents: Amazon is working on an Alexa project, codenamed Moonraker, to handle more complex, multistep tasks, projecting $100M+ in GPU costs in 2026 (Eugene Kim/Business Insider)
• DuckDuckGo updates its browser for iOS, Windows, and macOS to block video ads by default, particularly those on YouTube, based on uBlockOrigin's filter lists (Anna Washenko/Engadget)
• Sources: Jeff Bezos' Blue Origin is raising $10B at a $130B pre-money valuation, its first outside funding round, with $4B from Coatue and $2B from Bezos (New York Times)
• Filing: Chinese AI model maker Z.ai is seeking to raise ~$4B from the sale of 19.8M shares at ~$202 to ~$216 each, after its stock jumped 1,500% since January (Bloomberg)
• Israeli startup Velocity, which helps place targeted ads on consumer and B2B AI platforms, raised a $27M seed led by NFX and Red Dot, and serves 20 clients (Chris Metinko/Axios)
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