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IBM And University Of Chicago Demonstrate Quantum Advantage With 70 Logical Qubits

By Amit Chowdhry ● Aug 5, 2026

IBM and researchers from the University of Chicago have demonstrated a quantum computation that they said exceeded the practical capabilities of leading classical simulation methods while providing statistical evidence that the result was accurate. The researchers used a new error correction method to encode 70 logical qubits and complete the calculation in approximately 15 minutes.

Savvy Adds Blue Barn And Paragon, Bringing $550 Million In AUM

By Amit Chowdhry ● Aug 5, 2026

Savvy Advisors has added Blue Barn Wealth and Paragon Private Wealth Management to its network of independent financial advisers, bringing approximately $550 million in combined assets under management to the platform. Blue Barn contributes about $300 million in AUM, while Paragon adds approximately $250 million.

Digital Brands Group Begins Strategic Alternatives Review, Including Potential Sale Or Merger

By Amit Chowdhry ● Aug 5, 2026

Digital Brands Group has initiated a formal review of strategic alternatives intended to maximize shareholder value. The apparel and e-commerce company said it will evaluate a range of potential options, including a sale of the company, a merger or another strategic or financial transaction.

Corient Adds $21+ Billion Firm Summit Trail Advisors

By Amit Chowdhry ● Aug 5, 2026

Corient has agreed to add Summit Trail Advisors, a registered investment adviser focused exclusively on ultra-high-net-worth clients. Based in New York, Summit Trail manages more than $21 billion in assets for individuals, families and institutions.

Ginkgo Bioworks Expands Autonomous Lab Network To Caltech, MIT, Maryland And Northwestern

By Amit Chowdhry ● Aug 5, 2026

Ginkgo Bioworks has announced collaborations supporting four new autonomous laboratory initiatives at the California Institute of Technology, Massachusetts Institute of Technology, University of Maryland and Northwestern University.

Microporous Secures Strategic Financing From Eagle Point And Elda River For Virginia Manufacturing Facility

By Amit Chowdhry ● Aug 5, 2026

Eagle Point Credit Management has provided strategic credit financing to Microporous to support the construction of a lithium-ion battery separator manufacturing facility in Danville, Virginia. Elda River Capital also participated in the financing. Financial terms were not disclosed.

Wayy.ai Raises $2 Million Pre-Seed And Launches AI Sales Co-Founder

By Amit Chowdhry ● Aug 5, 2026

Wayy.ai has raised $2 million in pre-seed funding and launched an AI-powered platform that functions as a virtual sales co-founder for solopreneurs and small business owners. The round was led by 0 to 1 Ventures and included strategic angel investor Tunç Yalgin, who previously sold his company to eBay and invested in Wayy.ai founder Leo Popov’s former business, TrueCare24. Other U.S.-based angel investors also participated.

Fly.io Raises $25 Million Series D And Appoints Scott Johnston As CEO

By Amit Chowdhry ● Aug 5, 2026

Fly.io has raised $25 million in Series D funding to expand its computing infrastructure for artificial intelligence agents and appointed former Docker CEO Scott Johnston as its new CEO. The round was co-led by Dell Technologies Capital and Intel Capital, with participation from Andreessen Horowitz, EQT, Geodesic and Y Combinator.

Arnold & Porter Adds ITC Litigation Partner Brian Hill In Washington, D.C.

By Amit Chowdhry ● Aug 5, 2026

Arnold & Porter has added Brian Hill as a partner in its Intellectual Property practice in Washington, D.C., strengthening the firm’s capabilities in U.S. International Trade Commission litigation.

Sidley Adds Regulatory And Enforcement Partner James Comber In Hong Kong

By Amit Chowdhry ● Aug 5, 2026

Sidley has added James Comber as a partner in its Regulatory and Enforcement group in Hong Kong, strengthening the firm’s capabilities in contentious financial regulation, investigations and cross-border enforcement matters. Comber joins Sidley from Ashurst, where he was the most senior partner in the Hong Kong office’s Dispute Resolution practice.

Dentons Adds Banking And Finance Partner Martin Manduľák In Prague

By Amit Chowdhry ● Aug 5, 2026

Dentons has added Martin Manduľák as a partner in its Banking and Finance practice in Prague, marking his return to the global law firm after serving in a senior in-house position at J&T Banka.

Latham & Watkins Adds Sponsor-Side M&A Partner Samantha McGonigle In London

By Amit Chowdhry ● Aug 5, 2026

Latham & Watkins has added Samantha McGonigle as a partner in its London M&A and Private Equity practices, strengthening the firm’s sponsor-side capabilities across complex leveraged buyouts and other investment transactions.

GRM Information Management Acquires FileVault To Expand Records Management Business

By Amit Chowdhry ● Aug 5, 2026

GRM Information Management has acquired FileVault, a Charlotte, North Carolina-based records management company. Financial terms of the transaction were not disclosed.

NanoKar Therapeutics Develops Next-Generation CAR-T Platform For Multiple Cancers

By Amit Chowdhry ● Aug 5, 2026

University of Utah spinout NanoKar Therapeutics is developing a technology platform intended to improve the durability, effectiveness and safety of CAR-T cancer therapies.

Multiplier Raises $35 Million Series B To Acquire Professional Services Firms And Build AI Tools

By Amit Chowdhry ● Aug 5, 2026

Multiplier has raised a $35 million Series B to expand its model of acquiring specialized professional services firms and building artificial intelligence tools around their operations. The round was led by The General Partnership, with participation from Ribbit Capital and Lightspeed Venture Partners.

South Park Commons Raises $575 Million Fund IV, Bringing AUM To About $2 Billion

By Amit Chowdhry ● Aug 5, 2026

South Park Commons has raised $575 million for its fourth fund, expanding the venture firm’s ability to invest in seed and Series A rounds and continue supporting its strongest portfolio companies beyond their earliest stages.

Disney: Disney+ Membership Ecosystem Elements To Launch In Spring 2027 As Local Originals Triple

By Amit Chowdhry ● Aug 5, 2026

The Walt Disney Company plans to reposition Disney+ as a broader membership ecosystem that connects streaming content with high-value, always-available benefits across the company’s entertainment, sports, consumer products, and physical experiences.

Eli Lilly: Mounjaro And Zepbound Generate $14.87 Billion As Volume Growth Offsets 13% Price Decline

By Amit Chowdhry ● Aug 5, 2026

Eli Lilly generated approximately $14.87 billion in combined second-quarter revenue from Mounjaro and Zepbound as rapidly expanding patient demand more than offset lower realized prices.

Wordsmith AI Raises $14 Million Series B Extension Led By Intact Private Capital

By Amit Chowdhry ● Aug 5, 2026

Wordsmith AI has raised a $14 million extension to its Series B financing to expand its enterprise legal AI platform for in-house legal teams. The extension was led by new investor Intact Private Capital, with participation from existing investors Highland Europe and Index Ventures. FT Ventures also joined Wordsmith as a shareholder.

NCR Voyix: Interview With Amit Acharya About Unified Commerce And Agentic Retail

By Amit Chowdhry ● Aug 5, 2026

NCR Voyix is a platform-powered leader in unified commerce for shopping and dining, bringing together software, payments, services, and edge-enabled execution on the Voyix Commerce Platform. Serving customers in more than 35 countries, the company empowers retailers and restaurants to accelerate new possibilities for their businesses. Pulse 2.0 interviewed NCR Voyix Head of Product for Retail Commerce Amit Acharya to learn more.

Kraft Heinz Raises Organic Sales Outlook 125 Basis Points As Incremental Investment Reaches $700 Million

By Amit Chowdhry ● Aug 5, 2026

Kraft Heinz raised its full-year 2026 organic-sales outlook after second-quarter results exceeded management’s expectations across U.S. retail, food service, and emerging markets. The company now expects organic net sales to decline between 0.5% and 2% compared with the prior year. Its previous guidance called for a decline of between 1.5% and 3.5%.

VestGen Wealth Partners Expands Zocks Partnership To Support AI-Enabled Organic Growth

By Amit Chowdhry ● Aug 5, 2026

VestGen Wealth Partners has expanded its relationship with Zocks, a privacy-focused artificial intelligence platform for financial advisors, to support advisor productivity and organic growth.

Power Digital Launches AI-Native Growth Model Built On Iris, Omega, And Creative Affinity

By Amit Chowdhry ● Aug 5, 2026

Power Digital has introduced a proprietary AI ecosystem designed to help brands make, execute and improve growth decisions in real time. The new operating model combines more than a decade of performance data, marketing frameworks and industry-specific expertise across three technologies: Iris, Omega and Creative Affinity.

Orion Launches Fractional Share Trading For Advisors Custodying With Schwab

By Amit Chowdhry ● Aug 5, 2026

Orion has introduced fractional share trading for financial advisors who custody client assets with Schwab Advisor Services. The capability is available through Orion Trading, the company’s next-generation trading and rebalancing platform, and its order management system.

Left Lane Capital Announces Senior Promotions Across Investment, Portfolio Support, And Operations Teams

By Amit Chowdhry ● Aug 5, 2026

Left Lane Capital has announced a new group of senior promotions across its investment, portfolio support, finance and operations teams as the firm continues expanding its leadership structure.

Mitsui: Core Operating Cash Flow Reaches $1.78 Billion

By Amit Chowdhry ● Aug 5, 2026

Mitsui & Co. reported approximately $1.78 billion of core operating cash flow during its fiscal first quarter, even though cash provided by operating activities was only about $268 million.

Westlake: PEM Operating Income Swings $503 Million As Average Prices Rise 14%

By Amit Chowdhry ● Aug 5, 2026

Westlake Corporation delivered a sharp recovery in its Performance and Essential Materials business during the second quarter of 2026 as higher polyethylene and PVC resin prices, lower energy costs, supply disruptions, and internal profitability initiatives transformed the segment’s earnings.

Lumora Raises Pre-Seed Funding To Target South Korea’s $145 Billion Industrial Solar Market

By Amit Chowdhry ● Aug 5, 2026

Lumora has closed a pre-seed financing round to expand its industrial solar platform across South Korea. The round was led by a fund anchored by consumer goods company Yuhan-Kimberly and managed by MYSC, with participation from HGI and other strategic investors.

Moove Raises $250 Million At $2.1 Billion Valuation To Scale Autonomous Mobility Infrastructure

By Amit Chowdhry ● Aug 5, 2026

Moove has raised $250 million in Series C funding at a $2.1 billion valuation to expand its autonomous vehicle fleet and infrastructure platform. The round was led by Mubadala Investment Company and co-led by Woven Capital, Toyota’s growth fund, and Ion Pacific. BlueCrest Capital Management, Sona Asset Management and The Raptor Group also participated.

Medallia Completes Recapitalization And Secures $150 Million In New Capital

By Amit Chowdhry ● Aug 5, 2026

Medallia has completed a recapitalization agreement with its lenders, significantly reducing its outstanding debt and securing $150 million in new capital.