Artificial Intelligence

Tencent Music: AI Agents Become Real-Time Personal DJs As Ximalaya Adds $60 Million Of Revenue

By Amit Chowdhry ● Aug 12, 2026

Tencent Music Entertainment is increasingly incorporating artificial intelligence into music discovery, with upgraded AI agents inside QQ Music and Kugou Music now acting as personal DJs that create personalized playlists in real time.

Cerebras: Data Center Capacity Tops 600 MW As Manufacturing Capacity Targets More Than 10x Expansion

By Amit Chowdhry ● Aug 12, 2026

Cerebras Systems is rapidly expanding the physical infrastructure supporting its AI inference business, with more than 600 megawatts of data center capacity now live or under contract for delivery by the end of 2027 and manufacturing capacity expected to increase more than 10x during 2026.

Cisco: AI Infrastructure Revenue Targets $7.5 Billion After Hyperscaler Orders Reach $9.3 Billion

By Amit Chowdhry ● Aug 12, 2026

Cisco expects AI infrastructure revenue from hyperscalers to reach approximately $7.5 billion in fiscal 2027 after securing $9.3 billion of orders during fiscal 2026, highlighting the growing importance of artificial intelligence infrastructure to the networking company's business.

Coherent: AI Demand Pushes Q1 Revenue Target To $2.3 Billion As Manufacturing Capacity Expands

By Amit Chowdhry ● Aug 12, 2026

Coherent expects fiscal first-quarter 2027 revenue of $2.2 billion to $2.4 billion, putting the midpoint at $2.3 billion, as accelerating artificial intelligence data center demand drives the photonics company to expand manufacturing capacity.

Silicon Data Raises $30.5 Million Series A Led By Valor Atreides AI Fund To Build AI Compute Benchmark Infrastructure

By Amit Chowdhry ● Aug 12, 2026

Silicon Data has raised an initial $30.5 million closing of its Series A financing to expand its independent pricing, performance and market intelligence infrastructure for the AI compute economy.

Mindgard Raises $30 Million Series A To Expand AI Security Platform

By Amit Chowdhry ● Aug 12, 2026

Mindgard has raised $30 million in Series A funding to expand its AI security platform as enterprises increase deployment of AI models, agents, and applications. Album VC led the financing, with participation from Karma Ventures and existing investors .406 Ventures, Atlantic Bridge, IQ Capital, and Lakestar. Mindgard plans to use the new capital to expand its product, engineering, sales, and marketing operations in response to growing customer demand.

Skan AI Raises $63 Million To Expand Enterprise AI Platform

By Amit Chowdhry ● Aug 12, 2026

Skan AI has raised $63 million in funding to expand its enterprise AI platform, which is designed to provide AI systems with context about how work is actually performed inside organizations. Cathay Innovation and Dell Technologies Capital co-led the funding, with participation from Citi Ventures, Bloomberg Beta, State Farm Ventures, and Wipro Ventures. The financing coincides with the launch of Skan AI’s broader enterprise AI platform and the general availability of Skan AI Blueprint and Skan AI Agents.

Global AI Secures $441 Million J.P. Morgan-Led Financing To Expand Sovereign AI Infrastructure

By Amit Chowdhry ● Aug 12, 2026

Global AI has secured $441 million in senior secured financing led and arranged by J.P. Morgan, marking the sovereign AI infrastructure company’s first debt financing. The facility also included participation from a group of additional lenders.

LegalZoom: Agentic AI Resolves 40% Of Customer Inquiries As Trademark Search Time Falls 55%

By Amit Chowdhry ● Aug 12, 2026

LegalZoom is increasingly using artificial intelligence across customer service, legal workflows and sales, with agentic AI now fully resolving approximately 40% of customer-care inquiries end-to-end while AI tools have reduced trademark classification search time by 55%.

Lumentum: AI Demand Accelerates Q1 Revenue Target To $1.25 Billion As Operating Margin Approaches 40%

By Amit Chowdhry ● Aug 12, 2026

Lumentum is accelerating beyond its previous financial targets as artificial intelligence infrastructure demand drives increasing adoption of optical connectivity across data centers. The company expects fiscal first-quarter 2027 revenue of $1.225 billion to $1.275 billion, putting the midpoint at $1.25 billion and allowing Lumentum to reach its target financial model more than a quarter ahead of schedule.