- Microsoft's Anthropic Windfall: Microsoft booked a $3.2 billion gain on its Anthropic stake in a single quarter — nearly matching a full year of OpenAI gains, which it marked down for the quarter.
- Meta's AI Squeeze: Meta's Q2 revenue jumped 28% to $60.8 billion, but net income fell 14% as it guided full-year AI capex to a huge $130–145 billion.
- Marvell's $250M India Bet: Chip designer Marvell will invest $250 million in India and double its local headcount, deepening the country's chip-design role.
- Amazon Tops the World: Amazon claimed the No. 1 Fortune Global 500 spot while gearing up to spend ~$200 billion on AI infrastructure in 2026.
International Tech News
1. Microsoft's $3.2B Anthropic gain steals the show in blockbuster earnings
Microsoft closed fiscal 2026 with roughly $90 billion in quarterly revenue and $35.8 billion in net income — but the standout was its AI investments. Microsoft booked a $3.2 billion gain on its Anthropic stake in the June quarter (adding 33 cents to EPS), while marking down its OpenAI investment by about $600 million for the same quarter. Strikingly, one quarter of Anthropic gains nearly matched Microsoft's entire full-year gain from OpenAI, in which it holds about 27%.
2. Meta's revenue jumps 28% — but profit falls on AI spending
Meta reported Q2 2026 revenue of $60.8 billion, up 28% year-on-year, yet net income fell 14% to $15.8 billion as AI costs mounted. Capital spending hit about $31 billion for the quarter, and Meta guided full-year capex to a staggering $130–145 billion. CEO Mark Zuckerberg said AI is "accelerating our core business today," but investors are increasingly asking when the enormous infrastructure bill starts paying off.
3. Nvidia backs a ~$50B Texas AI data center
Nvidia is backing a roughly $50 billion infrastructure lease for a giant AI data center in Texas that will run on Nvidia processors. It is the latest sign that chipmakers are no longer just selling silicon — they are helping finance the buildings the chips live in, locking in demand for years to come.
4. AMD locks in 2.5 gigawatts of AI capacity
AMD signed a deal with Core Scientific for access to as much as 2.5 gigawatts of AI data-center capacity beginning in 2027. The agreement helps AMD stitch together the power and space it needs to challenge Nvidia at scale in the AI compute race.
5. Verizon and Google strike a $1B "dark fiber" deal
Verizon secured a reported $1 billion dark-fiber agreement with Google to supply dedicated network capacity for AI data centers. It is a reminder that AI needs not just chips and power but enormous bandwidth between data centers — and telecom firms are cashing in on that demand.
6. Moonshot AI open-sources its 2.8-trillion-parameter Kimi K3
Chinese lab Moonshot AI released the open weights of Kimi K3, a roughly 2.8-trillion-parameter model, under a permissive MIT-style license. The move escalates the global open-source AI race and keeps Chinese labs at the frontier of freely available models — even if the model's sheer size means few can actually self-host it.
7. Amazon tops the Fortune Global 500 amid a $200B AI splurge
Amazon claimed the No. 1 spot on the Fortune Global 500 while preparing to spend an estimated $200 billion on AI infrastructure in 2026. The scale of Big Tech's AI capital spending is now large enough to reshape the rankings of the world's biggest companies.
8. Origin Energy breach exposes ~900,000 customers
Australian utility Origin Energy disclosed a data breach that may have exposed information from about 900,000 current and former customers. It is another reminder that critical infrastructure and utilities remain prime targets, with customer data continuing to leak at scale.
India Tech News
1. Marvell to invest $250M in India and double its headcount
Semiconductor major Marvell announced plans to invest $250 million in India and double its local headcount, deepening the country's role in global chip design. It is another win for India as global chip firms shift high-value R&D work — not just assembly — into the country.
2. Freehand raises $75M to expand its enterprise AI platform
Enterprise software startup Freehand raised $75 million to expand its AI platform for businesses — one of the larger Indian enterprise-AI rounds this month. The deal signals strong investor appetite for business-focused AI beyond consumer chat apps.
3. Tata Communications pushes Voice AI for India's small businesses
Tata Communications expanded its Voice AI offering aimed at India's small and mid-sized businesses. The telecom major is betting that affordable conversational AI can go mainstream for millions of small firms handling calls, support and sales.
4. OfBusiness posts a strong FY26: Rs 724 Cr profit on Rs 20,645 Cr revenue
B2B commerce unicorn OfBusiness reported a consolidated profit of about Rs 724 crore on revenue of Rs 20,645 crore for FY26. It is a rare Indian unicorn showing both massive scale and solid profits — a strong signal ahead of a widely expected IPO.
5. Fintech earnings surge: Kissht profit up 59%, InCred up 82%
Lending fintech Kissht posted Q1 profit up 59% year-on-year to Rs 95 crore, while InCred Finance reported profit up 82% year-on-year to Rs 172 crore. The results show India's profitable digital lenders continuing to grow strongly as credit demand stays robust.
6. Pine Labs shares slide 5.6% after profit slumps
Listed fintech Pine Labs saw its shares fall about 5.6% after Q1 profit slumped 67% quarter-on-quarter. The drop highlights the margin pressure facing payments players even as lending-focused fintechs thrive — a split screen in Indian fintech.
7. TBO Tek's Q1 revenue jumps 81% to Rs 926 Cr
Travel-tech firm TBO Tek reported Q1 FY27 revenue up 81% to Rs 926 crore with profit up 32% to Rs 83.3 crore. The numbers show listed new-age internet companies increasingly delivering the profitable growth public investors demand.
8. CarTrade delivers Rs 201 Cr revenue and Rs 57 Cr profit
Auto marketplace CarTrade reported Rs 201 crore in revenue and Rs 57 crore in profit for Q1 FY27, extending its run of solid quarterly performance. It is another listed internet company converting scale into steady profitability.
9. BlueStone and SafeGold team up on digital gold
Jewellery retailer BlueStone partnered with SafeGold to let customers convert household gold into digital gold. It is a fresh twist on India's huge gold market, bridging physical jewellery and digital assets that can be stored, traded or redeemed.
10. SUIND bags Rs 20.5 Cr for autonomous surveillance drones
Deep-tech startup SUIND raised Rs 20.5 crore to build autonomous surveillance drones. The round adds to a steady stream of early capital flowing into India's drone and defence-tech ecosystem as surveillance and agri use-cases expand.
Funding & Ecosystem Round-up
- Freehand raised $75M to scale its enterprise AI platform — one of the month's larger Indian B2B-AI rounds.
- Marvell committed $250M to India and plans to double its local headcount, boosting the country's chip-design base.
- SUIND bagged Rs 20.5 crore to build autonomous surveillance drones — fresh capital for India's drone deep-tech.
- Peak XV Partners sold Rs 139 crore of Go Digit shares, its latest exit as VCs keep booking returns from listed portfolios.
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