AI News Archive: July 7, 2026 — Part 8
Sourced from 500+ daily AI sources, scored by relevance.
- Chinese AI models are attracting US companies with lower prices
US companies are increasingly opting for Chinese AI models from firms such as Deepseek and Z.ai, CNBC reports. A key reason is that they offer performance comparable to that of leading US models but at a significantly lower cost. According to the development platform Openrouter, Chinese models have accounted for over 30% of the AI tokens used by US companies each week since February. In some weeks, the share has been as high as 46%, compared to an average of 11% over the previous 12 months. Companies are reportedly increasingly choosing open AI models for tasks that do not require the highest performance. According to Openrouter, Chinese models can be between 60% and 90% cheaper than comparable alternatives from OpenAI and Anthropic.
- Chinese tech leaders step up push into local AI market
Chinese technology giants are accelerating their penetration into Thailand's enterprise artificial intelligence (AI) market, touting agentic AI as the next stage of business transformation.
- OpenAI and Anthropic are giving away millions in computing power to attract startups
OpenAI, Anthropic, and major cloud providers are racing to outbid each other with free compute credits to pull startups into their ecosystems. Some individual offers top $3 million. At Y Combinator alone, OpenAI and Anthropic could hand out up to $800 million in credits per year combined. The discount war comes at a time when both companies need to improve their margins ahead of upcoming IPOs. The article OpenAI and Anthropic are giving away millions in computing power to attract startups appeared first on The Decoder .
- Why AI companies are hiring philosophers to help develop their models
A growing number of AI labs have been hiring from a surprising pool of candidates: philosophers. NPR's Scott Detrow talks with Benjamin Sutherland, who recently wrote about this for The Economist.
- Hot job alert: OpenAI is hiring an investment banker, paying up to $205K plus equity
Hot job alert: OpenAI is hiring an investment banker, paying up to $205K plus equity Business Insider
- Curry, bagels … and AI? Londoners fight plan for huge datacentre in Brick Lane
Residents and council say creating affordable housing is more urgent than ‘high-frequency trading’ in nearby City Campaigners in east London are opposing plans for a datacentre in Brick Lane that they say will worsen the area’s housing crisis and drive long-term residents away. The road, famed for its curry houses and 24-hour bagel shops, is the latest flashpoint in the rapid rollout of datacentres across the UK that aims to meet demand created by artificial intelligence. Continue reading...
- How to stop AI from becoming the enemy of younger workers
How to stop AI from becoming the enemy of younger workers The Straits Times
- US cyber agency is using Anthropic's Mythos to audit government code, sources say
The Cybersecurity and Infrastructure Security Agency is using Mythos to scan government code repositories for bugs that could leave the door open for foreign spies and cybercriminals, the sources said.
- US Cyber Agency Is Using Anthropic’s Mythos to Audit Government Code: Sources
The U.S. cyber defense agency CISA is using Anthropic’s AI model Mythos to audit government software, three people familiar with the matter said on Monday, another sign of government enthusiasm for adopting the AI startup’s tools even as the company …
- Apple adds pace, emotion to Siri in iOS 27 developer beta: Report
Apple's latest iOS27 developer beta introduces new Siri personalization options. Users can now adjust Siri's speaking speed and emotional expression through new settings. These features were previously labeled as "coming soon" and are now available. This update enhances Siri's conversational abilities as it transitions to generative AI. Apple first unveiled the upgraded Siri at WWDC 2026.
- iOS 27 beta lets users customise Siri’s voice with new AI controls
iOS 27 beta lets users customise Siri’s voice with new AI controls
- Microsoft Joins AI-Driven Tech Layoff Wave With 4,800 Job Cuts
Microsoft is cutting about 2.1% of its workforce, or roughly 4,800 jobs, the latest in a wave of tech layoffs as the Windows maker spends heavily on AI infrastructure and uses the technology to improve efficiency across its business. Big …
- Samsung AI chip demand drives record Q2 profit forecast
Samsung AI chip demand drives record Q2 profit forecast YourStory.com
- Samsung Expects 1,800% Leap In Quarterly Operating Profit On AI Boom
Samsung Expects 1,800% Leap In Quarterly Operating Profit On AI Boom Barron's
- Samsung expects 1,800% operating profit leap on AI boom
South Korean technology giant Samsung Electronics forecast Tuesday a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.
- Inside Claude: Anthropic finds AI uses a human-like reasoning workspace
Anthropic study finds Claude uses an internal reasoning workspace before generating responses, while stressing the findings do not suggest the AI is conscious
- TaoLens
Bittensor Intelligence Analytics Terminal
- Claude's hidden "thinking space"
Explore how Claude internally processes prompts and generates responses.
- 😼 Anthropic found Claude’s hidden workspace
PLUS: Treasury’s AI bubble warning, Google opt-outs, and agentic ransomware.
- DXC launches Bengaluru AI hub to help enterprises scale AI deployments
DXC launches Bengaluru AI hub to help enterprises scale AI deployments Techcircle
- Insilico Medicine advances AI drug for IPF to Phase III trials
Insilico Medicine is advancing to Phase III human trials for testing a drug identified by AI targeting idiopathic pulmonary fibrosis (IPF). This progression supplies the computational drug discovery sector with empirical test cases, advancing an AI medicine past early safety evaluations into late-stage efficacy validation. IPF destroys respiratory capacity through severe lung tissue scarring. Patients […] The post Insilico Medicine advances AI drug for IPF to Phase III trials appeared first on AI News .
- Digital News Report 2026. Episode 4: How people are using AI chatbots for news
Digital News Report 2026. Episode 4: How people are using AI chatbots for news University of Oxford
- Envirotech Vehicles Closes Merger with Azio AI Ahead of Schedule, Positioning Combined Company to Capture $487 Billion 2026 AI Infrastructure Opportunity
Revised transaction structure enables immediate closing, accelerating the Company’s strategic pivot toward AI data centers, enterprise GPU compute, and digital power infrastructure. Envirotech Vehicles , Inc. (NASDAQ: EVTV) (“EVTV” or the “Company”) today announced the successful completion of its merger with Azio AI Corporation (“Azio AI”) on July 2, 2026, paving the way for the Company to transform to an AI Datacenter Provider and meeting the growing market demand for artificial intelligence (“AI”) infrastructure, enterprise GPU compute, digital power solutions, data center development, and digital asset infrastructure; a market that the International Data Corporation (IDC) projects will reach $487 billion in global spending in 2026 and exceed $1 trillion by 2029. [1] The transaction marks a defining milestone in the Company’s strategic transformation and establishes the foundation for its next phase of commercial execution and long-term growth. The parties amended the proposed transaction structure to expedite the closing timeline, allowing the combined company to begin operating as a fully integrated public company significantly sooner than originally anticipated. The accelerated closing enables management to immediately focus on commercialization across its expanding AI Datacenter strategy. With the merger complete and the combined company operating as one organization, management is now fully focused on commercial execution, infrastructure deployment, strategic growth initiatives, and creating long-term shareholder value. Over the past several months, the Company advanced development activities at its South Texas site and deployed six megawatts of off-grid power for its modular data centers. The Company further secured rights to a 548-acre site with the capacity to scale up to 500 MW, supporting the future development of AI hyperscale data centers. Management believes these achievements demonstrate that the combined company is entering its next phase with meaningful operational momentum already in place rather than beginning from a standing start. Infrastructure deployment is underway, customer commitments have already been established, commercial execution is actively progressing, and the Company’s corporate structure is now aligned with an operating platform built to support long-term expansion. The completion of the merger comes at a time when investment in AI infrastructure continues to accelerate globally as enterprises increasingly require access to high-performance computing resources, GPU infrastructure, and scalable digital power solutions. Management believes the combined company is well positioned to capitalize on these long-term industry trends through a diversified infrastructure strategy designed to monetize power assets across multiple complementary revenue streams, including AI data centers, enterprise compute infrastructure, power hosting, and digital asset mining operations. Following the closing of the transaction, the Company intends to continue expanding its AI Infrastructure strategy through AI data center development, enterprise GPU compute solutions, power hosting services, digital asset mining operations, strategic infrastructure investments, and additional commercial partnerships designed to maximize utilization of its power resources while creating multiple long-term revenue opportunities. In connection with the closing of the merger, Phillip Oldridge has stepped down as Chief Executive Officer. Jason Maddox vacates the President position and is now the Chief Financial Officer. The Company’s Board of Directors appointed Simon Yu as President and Chris Young as Chief Executive Officer, effective immediately. Mr. Yu is a serial entrepreneur and public markets operator with almost a decade of experience taking companies public, executing capital raises, and scaling businesses. He has previously served in founder, C-suite, and board roles at three publicly traded companies, two of which reached market capitalizations in excess of $1 billion. Mr. Yu has led legal, accounting, and advisory teams through Regulation A+ Tier 2 offerings, PCAOB audits, and public company reporting, alongside leading M&A transactions. As an active early-stage venture investor, he has evaluated investment opportunities across artificial intelligence, SaaS, and B2B technology. Mr. Young brings extensive experience in launching and leading public companies and investing in and advising emerging technology companies, with a particular focus on artificial intelligence, software innovation, and strategic growth initiatives. Prior to joining EVTV, he served as Chief Executive Officer of Clubhouse Media Group, a publicly traded social media company and an Entrepreneur in Residence at Amplify, where he worked alongside founders and venture-backed technology companies to accelerate commercialization and support the development of high-growth technology businesses. “Today’s announcement represents far more than the completion of a merger—it marks the beginning of our next chapter,” said Chris Young, Chief Executive Officer of EVTV. “Over the past several months, our teams have been building the operational foundation of this business while simultaneously working toward completing this transaction. With the merger now finalized, we move forward as one company with one leadership team and one strategy, focused on executing against the opportunities in front of us. We believe demand for AI infrastructure, enterprise compute, and digital infrastructure will continue expanding for years to come. Our objective is to build a scalable platform capable of serving that demand while creating long-term value for our shareholders.” Jason Maddox, Chief Financial Officer of EVTV, added, “Completing this transaction under the amended merger structure allows us to immediately focus on execution. We have already established meaningful operational momentum, and we believe operating as a unified public company enhances our ability to deploy infrastructure, serve customers, pursue strategic growth opportunities, and continue building long-term shareholder value.” The transaction establishes a unified operating platform designed to support the Company’s long-term growth strategy through continued investment in AI infrastructure, enterprise computing, digital power assets, and digital infrastructure development. Management believes the completion of the merger provides the operational and organizational foundation necessary to pursue the next phase of commercialization while expanding its presence across some of the fastest-growing sectors of the global technology market. Transaction and Operational Highlights Successfully completed the merger with Azio AI pursuant to an amended and restated merger agreement. Approximately six megawatts of off-grid digital infrastructure deployed at the Company’s South Texas development site. Development footprint exceeding 548 acres with the potential to support up to 500 MW of AI infrastructure capacity. Combined company positioned to accelerate commercialization across AI infrastructure, enterprise GPU compute, digital power solutions, and digital asset mining operations. Merger consideration consisted of 2,655,157 shares of common stock and 973,450 shares of non-voting convertible preferred stock in exchange for 100% of outstanding capital stock of Azio AI, of which 194,807 shares of common stock were reserved for convertible notes of Azio AI assumed by the Company upon closing. Each share of preferred stock convertible into 100 shares of Company common stock subject to stockholder approval. Chris Young appointed Chief Executive Officer and Chairman of the Board. Simon Yu appointed President. Jason Maddox appointed Chief Financial Officer. Phillip Oldridge stepped down as Chief Executive Officer. About Envirotech Vehicles, Inc. Envirotech Vehicles, Inc. (NASDAQ: EVTV) is a technology infrastructure company focused on developing, owning, and operating artificial intelligence data centers, enterprise GPU compute infrastructure, digital power solutions, and digital asset mining operations. Following its acquisition of Azio AI, the Company operates an integrated AI infrastructure business encompassing AI data center development, the sale and distribution of enterprise GPU systems and server infrastructure, high-performance computing solutions, power hosting, and strategic technology investments, serving enterprise and institutional customers across domestic and international markets. Through this diversified AI infrastructure strategy, the Company is positioned to capitalize on the rapidly expanding global demand for AI infrastructure, compute capacity, digital power, and next-generation AI technologies. For more information please visit: www.azioai.ai and for potential partnerships contact: AI@PhoenixMGMTconsulting.com Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “may,” “will,” “could,” “expect,” “anticipate,” “believe,” “estimate,” “project,” “intend,” “continue,” “potential,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include statements regarding the Company’s ability to capitalize on accelerating demand for AI infrastructure, enterprise GPU compute, digital power solutions, data center development, and digital asset infrastructure; the Company’s plans to continue expanding its digital infrastructure platform through AI data center development, enterprise GPU compute solutions, power hosting services, digital asset mining operations, strategic infrastructure investments, and additional commercial partnerships; the Company’s ability to maximize utilization of its power resources while creating multiple long-term revenue opportunities; the ability to continue deploying modular digital infrastructure at the Company’s South Texas site; the anticipated deployment and scaling of NVIDIA B200 and B300 GPU systems; the ability to advance and execute against the Company’s commercial infrastructure pipeline; the anticipated development of the Company’s footprint; the ability to monetize power assets across multiple complementary revenue streams, including AI data centers, enterprise compute infrastructure, power hosting, and digital asset mining operations; customer demand for AI infrastructure, enterprise compute, and digital infrastructure; the Company’s ability to build a scalable platform designed to serve that demand and create long-term shareholder value; and the Company’s broader business strategy and long-term growth objectives. These statements are based on current expectations and assumptions that involve risks and uncertainties that could cause actual results to differ materially. Most of these factors are outside the Company’s control and are difficult to predict. Factors that may affect actual results include, but are not limited to, the Company’s limited operating history within AI infrastructure and compute operations, project scope, engineering challenges, supply chain constraints, installation timelines, energy availability, finalization of site usage rights, regulatory considerations, equipment performance, ability to raise capital required for expansion activities, changes in digital asset markets, evolving compute demand, market conditions, the Company’s ability to successfully integrate the combined business following the completion of the merger, the risk that the anticipated benefits and synergies of the merger are not realized, the risk of unexpected costs, charges, or expenses resulting from or relating to the merger, potential adverse reactions or changes to business relationships resulting from the completion of the merger, risks related to the diversion of management’s attention from ongoing business operations during the post-closing integration period, the risk that required stockholder approval for the conversion of preferred stock issued in the merger as required by rules of The Nasdaq Stock Market LLC (the “Conversion Proposal”) is not obtained, and additional risks and uncertainties described in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the SEC, which are available at www.sec.gov. The Company undertakes no obligation to update forward-looking statements except as required by law. Important Information About the Merger and Where to Find it The Company expects to file a proxy statement with the SEC relating to the Conversion Proposal. The definitive proxy statement will be sent to all Company stockholders. Before making any voting decision, investors and security-holders of the Company are urged to read the proxy statement and all other relevant documents filed or that will be filed with the SEC in connection with the Conversion Proposal as they become available because they will contain important information about the amended and restated merger agreement between the parties and the related transactions and the Conversion Proposal to be voted upon by the Company’s stockholders. Investors and security-holders will be able to obtain free copies of the proxy statement and all other relevant documents filed or that will be filed with the SEC by the Company through the website maintained by the SEC at www.sec.gov. Participants in the Solicitation The Company and its directors and executive officers may be considered participants in the solicitation of proxies from EVTV’s stockholders with respect to the Conversion Proposal under the rules of the SEC. Information about the directors and executive officers of EVTV is set forth in its Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on April 13, 2026, and in subsequent Quarterly Reports on Form 10-Q and other documents filed by the Company from time to time with the SEC. Additional information regarding the persons who may be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will also be included in the proxy statement, and other relevant materials to be filed with the SEC when they become available. You may obtain free copies of these documents as described above. ¹ Source: International Data Corporation (IDC), “AI Infrastructure Spending Caps Historic Year at ~$90 Billion in Q4 2025; 2029 Spending to Eclipse $1 Trillion,” April 16, 2026. The Company has not independently verified the data or projections contained in this report, and there can be no assurance that the projections will be realized. Contact Phoenix MGMT & Consulting Press@PhoenixMGMTConsulting.com
- Envirotech Vehicles Closes Merger with Azio AI Ahead of Schedule, Positioning Combined Company to Capture $487 Billion 2026 AI Infrastructure Opportunity
Revised transaction structure enables immediate closing, accelerating the Company’s strategic pivot toward AI data centers, enterprise GPU compute, and digital power infrastructure. Envirotech Vehicles , Inc. (NASDAQ: EVTV) (“EVTV” or the “Company”) today announced the successful completion of its merger with Azio AI Corporation (“Azio AI”) on July 2, 2026, paving the way for the Company to transform to an AI Datacenter Provider and meeting the growing market demand for artificial intelligence (“AI”) infrastructure, enterprise GPU compute, digital power solutions, data center development, and digital asset infrastructure; a market that the International Data Corporation (IDC) projects will reach $487 billion in global spending in 2026 and exceed $1 trillion by 2029. [1] The transaction marks a defining milestone in the Company’s strategic transformation and establishes the foundation for its next phase of commercial execution and long-term growth. The parties amended the proposed transaction structure to expedite the closing timeline, allowing the combined company to begin operating as a fully integrated public company significantly sooner than originally anticipated. The accelerated closing enables management to immediately focus on commercialization across its expanding AI Datacenter strategy. With the merger complete and the combined company operating as one organization, management is now fully focused on commercial execution, infrastructure deployment, strategic growth initiatives, and creating long-term shareholder value. Over the past several months, the Company advanced development activities at its South Texas site and deployed six megawatts of off-grid power for its modular data centers. The Company further secured rights to a 548-acre site with the capacity to scale up to 500 MW, supporting the future development of AI hyperscale data centers. Management believes these achievements demonstrate that the combined company is entering its next phase with meaningful operational momentum already in place rather than beginning from a standing start. Infrastructure deployment is underway, customer commitments have already been established, commercial execution is actively progressing, and the Company’s corporate structure is now aligned with an operating platform built to support long-term expansion. The completion of the merger comes at a time when investment in AI infrastructure continues to accelerate globally as enterprises increasingly require access to high-performance computing resources, GPU infrastructure, and scalable digital power solutions. Management believes the combined company is well positioned to capitalize on these long-term industry trends through a diversified infrastructure strategy designed to monetize power assets across multiple complementary revenue streams, including AI data centers, enterprise compute infrastructure, power hosting, and digital asset mining operations. Following the closing of the transaction, the Company intends to continue expanding its AI Infrastructure strategy through AI data center development, enterprise GPU compute solutions, power hosting services, digital asset mining operations, strategic infrastructure investments, and additional commercial partnerships designed to maximize utilization of its power resources while creating multiple long-term revenue opportunities. In connection with the closing of the merger, Phillip Oldridge has stepped down as Chief Executive Officer. Jason Maddox vacates the President position and is now the Chief Financial Officer. The Company’s Board of Directors appointed Simon Yu as President and Chris Young as Chief Executive Officer, effective immediately. Mr. Yu is a serial entrepreneur and public markets operator with almost a decade of experience taking companies public, executing capital raises, and scaling businesses. He has previously served in founder, C-suite, and board roles at three publicly traded companies, two of which reached market capitalizations in excess of $1 billion. Mr. Yu has led legal, accounting, and advisory teams through Regulation A+ Tier 2 offerings, PCAOB audits, and public company reporting, alongside leading M&A transactions. As an active early-stage venture investor, he has evaluated investment opportunities across artificial intelligence, SaaS, and B2B technology. Mr. Young brings extensive experience in launching and leading public companies and investing in and advising emerging technology companies, with a particular focus on artificial intelligence, software innovation, and strategic growth initiatives. Prior to joining EVTV, he served as Chief Executive Officer of Clubhouse Media Group, a publicly traded social media company and an Entrepreneur in Residence at Amplify, where he worked alongside founders and venture-backed technology companies to accelerate commercialization and support the development of high-growth technology businesses. “Today’s announcement represents far more than the completion of a merger—it marks the beginning of our next chapter,” said Chris Young, Chief Executive Officer of EVTV. “Over the past several months, our teams have been building the operational foundation of this business while simultaneously working toward completing this transaction. With the merger now finalized, we move forward as one company with one leadership team and one strategy, focused on executing against the opportunities in front of us. We believe demand for AI infrastructure, enterprise compute, and digital infrastructure will continue expanding for years to come. Our objective is to build a scalable platform capable of serving that demand while creating long-term value for our shareholders.” Jason Maddox, Chief Financial Officer of EVTV, added, “Completing this transaction under the amended merger structure allows us to immediately focus on execution. We have already established meaningful operational momentum, and we believe operating as a unified public company enhances our ability to deploy infrastructure, serve customers, pursue strategic growth opportunities, and continue building long-term shareholder value.” The transaction establishes a unified operating platform designed to support the Company’s long-term growth strategy through continued investment in AI infrastructure, enterprise computing, digital power assets, and digital infrastructure development. Management believes the completion of the merger provides the operational and organizational foundation necessary to pursue the next phase of commercialization while expanding its presence across some of the fastest-growing sectors of the global technology market. Transaction and Operational Highlights Successfully completed the merger with Azio AI pursuant to an amended and restated merger agreement. Approximately six megawatts of off-grid digital infrastructure deployed at the Company’s South Texas development site. Development footprint exceeding 548 acres with the potential to support up to 500 MW of AI infrastructure capacity. Combined company positioned to accelerate commercialization across AI infrastructure, enterprise GPU compute, digital power solutions, and digital asset mining operations. Merger consideration consisted of 2,655,157 shares of common stock and 973,450 shares of non-voting convertible preferred stock in exchange for 100% of outstanding capital stock of Azio AI, of which 194,807 shares of common stock were reserved for convertible notes of Azio AI assumed by the Company upon closing. Each share of preferred stock convertible into 100 shares of Company common stock subject to stockholder approval. Chris Young appointed Chief Executive Officer and Chairman of the Board. Simon Yu appointed President. Jason Maddox appointed Chief Financial Officer. Phillip Oldridge stepped down as Chief Executive Officer. About Envirotech Vehicles, Inc. Envirotech Vehicles, Inc. (NASDAQ: EVTV) is a technology infrastructure company focused on developing, owning, and operating artificial intelligence data centers, enterprise GPU compute infrastructure, digital power solutions, and digital asset mining operations. Following its acquisition of Azio AI, the Company operates an integrated AI infrastructure business encompassing AI data center development, the sale and distribution of enterprise GPU systems and server infrastructure, high-performance computing solutions, power hosting, and strategic technology investments, serving enterprise and institutional customers across domestic and international markets. Through this diversified AI infrastructure strategy, the Company is positioned to capitalize on the rapidly expanding global demand for AI infrastructure, compute capacity, digital power, and next-generation AI technologies. For more information please visit: www.azioai.ai and for potential partnerships contact: AI@PhoenixMGMTconsulting.com Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “may,” “will,” “could,” “expect,” “anticipate,” “believe,” “estimate,” “project,” “intend,” “continue,” “potential,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include statements regarding the Company’s ability to capitalize on accelerating demand for AI infrastructure, enterprise GPU compute, digital power solutions, data center development, and digital asset infrastructure; the Company’s plans to continue expanding its digital infrastructure platform through AI data center development, enterprise GPU compute solutions, power hosting services, digital asset mining operations, strategic infrastructure investments, and additional commercial partnerships; the Company’s ability to maximize utilization of its power resources while creating multiple long-term revenue opportunities; the ability to continue deploying modular digital infrastructure at the Company’s South Texas site; the anticipated deployment and scaling of NVIDIA B200 and B300 GPU systems; the ability to advance and execute against the Company’s commercial infrastructure pipeline; the anticipated development of the Company’s footprint; the ability to monetize power assets across multiple complementary revenue streams, including AI data centers, enterprise compute infrastructure, power hosting, and digital asset mining operations; customer demand for AI infrastructure, enterprise compute, and digital infrastructure; the Company’s ability to build a scalable platform designed to serve that demand and create long-term shareholder value; and the Company’s broader business strategy and long-term growth objectives. These statements are based on current expectations and assumptions that involve risks and uncertainties that could cause actual results to differ materially. Most of these factors are outside the Company’s control and are difficult to predict. Factors that may affect actual results include, but are not limited to, the Company’s limited operating history within AI infrastructure and compute operations, project scope, engineering challenges, supply chain constraints, installation timelines, energy availability, finalization of site usage rights, regulatory considerations, equipment performance, ability to raise capital required for expansion activities, changes in digital asset markets, evolving compute demand, market conditions, the Company’s ability to successfully integrate the combined business following the completion of the merger, the risk that the anticipated benefits and synergies of the merger are not realized, the risk of unexpected costs, charges, or expenses resulting from or relating to the merger, potential adverse reactions or changes to business relationships resulting from the completion of the merger, risks related to the diversion of management’s attention from ongoing business operations during the post-closing integration period, the risk that required stockholder approval for the conversion of preferred stock issued in the merger as required by rules of The Nasdaq Stock Market LLC (the “Conversion Proposal”) is not obtained, and additional risks and uncertainties described in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the SEC, which are available at www.sec.gov. The Company undertakes no obligation to update forward-looking statements except as required by law. Important Information About the Merger and Where to Find it The Company expects to file a proxy statement with the SEC relating to the Conversion Proposal. The definitive proxy statement will be sent to all Company stockholders. Before making any voting decision, investors and security-holders of the Company are urged to read the proxy statement and all other relevant documents filed or that will be filed with the SEC in connection with the Conversion Proposal as they become available because they will contain important information about the amended and restated merger agreement between the parties and the related transactions and the Conversion Proposal to be voted upon by the Company’s stockholders. Investors and security-holders will be able to obtain free copies of the proxy statement and all other relevant documents filed or that will be filed with the SEC by the Company through the website maintained by the SEC at www.sec.gov. Participants in the Solicitation The Company and its directors and executive officers may be considered participants in the solicitation of proxies from EVTV’s stockholders with respect to the Conversion Proposal under the rules of the SEC. Information about the directors and executive officers of EVTV is set forth in its Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on April 13, 2026, and in subsequent Quarterly Reports on Form 10-Q and other documents filed by the Company from time to time with the SEC. Additional information regarding the persons who may be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will also be included in the proxy statement, and other relevant materials to be filed with the SEC when they become available. You may obtain free copies of these documents as described above. ¹ Source: International Data Corporation (IDC), “AI Infrastructure Spending Caps Historic Year at ~$90 Billion in Q4 2025; 2029 Spending to Eclipse $1 Trillion,” April 16, 2026. The Company has not independently verified the data or projections contained in this report, and there can be no assurance that the projections will be realized. Contact Phoenix MGMT & Consulting Press@PhoenixMGMTConsulting.com
- ‘GitLost’ vulnerability let GitHub’s AI workflows leak private repositories
Researchers at artificial intelligence security company Noma Security Inc. today disclosed a critical prompt injection vulnerability in GitHub Inc.’s new Agentic Workflows feature that allowed an unauthenticated attacker to siphon data from private code repositories by posting a single crafted issue in a public one. Named GitLost, the vulnerability was found by Noma Labs, the […] The post ‘GitLost’ vulnerability let GitHub’s AI workflows leak private repositories appeared first on SiliconANGLE .
- GitHub AI agent leaks private repos when asked nicely
Per usual, there's no fix - or even any documentation - for GitLost
- South Korean chip startup FuriosaAI invades European datacenters
RNGD accelerators land in Equinix's Lisbon DCs
- Axis Max Life boosts sales with Greylabs AI
Axis Max Life Insurance has deployed GreyLabs AI’s Voice AI Suite to analyse customer conversations at scale, enabling the insurer to improve sales effectiveness, enhance customer insights and achieve nearly […] The post Axis Max Life boosts sales with Greylabs AI appeared first on Express Computer .
- Axis Max Life uses Voice AI to analyse 6 lakh customer calls, boosts conversions
Axis Max Life uses Voice AI to analyse 6 lakh customer calls, boosts conversions Techcircle
- Pritzker signs landmark AI regulation bill that aims to mitigate risks
Pritzker signs landmark AI regulation bill that aims to mitigate risks Toronto Star
- Pritzker signs landmark AI regulation bill that aims to mitigate risks
Pritzker signs landmark AI regulation bill that aims to mitigate risks San Francisco Chronicle
- UAE Jobs: Some employees with AI skills earn 92% more
UAE Jobs: Some employees with AI skills earn 92% more
- Generate images, edit photos, restyle rooms, and more for free with Meta AI
Generate images, edit photos, restyle rooms, and more for free with Meta AI AI at Meta
- Starlink 'Gen 3' to Span 100K Satellites, for Gigabit Broadband But Also AI
Starlink 'Gen 3' to Span 100K Satellites, for Gigabit Broadband But Also AI PCMag Australia
- Google Can Now Use Your Search Uploads for AI Training: Here's How to Opt Out
Google Can Now Use Your Search Uploads for AI Training: Here's How to Opt Out PCMag Australia
- Google Search Uploads Can Train AI Unless You Opt Out
Google Search uploads may be used to train AI unless users opt out, raising privacy and data governance concerns for businesses. The post Google Search Uploads Can Train AI Unless You Opt Out appeared first on TechRepublic .
- Google wants to train its AI on your search history. Here's how to opt out now
Google wants to train its AI on your search history. Here's how to opt out now Tom's Guide
- IBM grows mainframe family with rack, frame models targeting AI, hybrid clouds
IBM is looking to expand the reach of its foundational mainframe portfolio by adding new single frame and rack mounted versions of its Z and LinuxONE systems. The IBM z17 portfolio adds a single frame and rack mount versions that bring mainframe capabilities into smaller, customizable footprints. The LinuxONE Rockhopper family gets a single frame and rack mount models, plus a new Express rack mount offering, that target new and smaller clients, according to Tina Tarquinio, chief product officer, IBM Z & LinuxONE. Specifically, the new hardware includes: z17 single frame is a fully packaged box in an IBM rack with intelligent power distribution units, delivered as a complete enclosed unit ready to deploy at the edge or other strategically important customer sites. z17 rack mount lets customers install IBM Z components directly into their own industry-standard rack, with built-in flexibility for co-location with other technologies. LinuxONE Rockhopper 5 is a multi-drawer LinuxONE system for high-density workloads, with on-chip AI acceleration, confidential computing, and postquantum cryptography available in both single frame and rack mount configurations. Rockhopper 5 rack mount and Express offerings deliver enterprise-grade Linux, confidential computing, and on-chip AI acceleration in a compact 18U configuration. Designed for organizations supporting a smaller set of workloads, the offering provides a cost-efficient entry point that can scale as business grows, while prioritizing security, resiliency, and performance. IBM The new IBM z17 and IBM LinuxONE 5 Rockhopper configurations support up to 82 cores and 18 TB of memory across two processor drawers, representing about a 20% increase in core count and 12% increase in memory capacity over current systems, IBM stated. Single processor capacity of an IBM z17 ME2 provides full speed IBM z/OS configurations including 10% greater throughput per core than IBM z16 A02 with some variation based on workload and configuration, according to Tarquinio. Both systems feature a 5.5 GHz IBM Telum II processor and a built-in AI accelerator that IBM says will let customers run more than 450 billion inferencing operations in a day with one millisecond response time. In addition, the 32-core Spyre AI accelerator is designed to handle all manner of AI workloads. The idea is to bring the core strengths of IBM Z to a broader range of deployment models while offering the security, resilience, and performance enterprises depend on, Tarquinio said. “As always, we’re continuing to innovate to deliver more with less, including up to 20% more capacity than IBM z16 to help process transactions faster and support growing AI-driven workloads,” Tarquinio said. “Even the newest and smallest member of the IBM z17 family delivers the performance, efficiency, and scalability organizations need as they balance growth ambitions with real-world resource constraints.” The Linux-based system, Rockhopper 5 is for organizations that have moved past the evaluation question and are ready to consolidate a substantial portion of their x86 estate, said Marcel Mitran, IBM Fellow and CTO of IBM LinuxONE. Rockhopper 5 is designed to bring a smaller physical footprint and a software licensing model that reflects actual workload boundaries rather than physical server counts, Mitran said. The LinuxONE 5 Express is a preconfigured system designed to get organizations running on LinuxONE quickly, with a defined bill of materials and a predictable starting cost, on the same architecture that the largest enterprises in the world depend on, Mitran said. “It is built for organizations that want to consolidate a modest x86 estate, evaluate LinuxONE for the first time, or deploy a specific workload such as digital assets, AI-infused transaction processing, or confidential computing, without committing to the footprint of the larger model,” Mitran said. Some of the mainframes’ software features were also bulked up. For example, IBM said that Post Quantum Cryptography security is now standard on the z17 and LinuxONE Rockhopper 5 systems letting customers start to utilize cryptography to protect core resources for the future. The idea is to help customers protect long-lived, mission-critical data while reducing the cost and complexity of future cryptographic migration, IBM stated. In that vein, IBM said it was bringing Crypto Discovery & Inventory, which lets security teams see what has been encrypted across the enterprise. In addition, IBM announced an Infrastructure Management for Z and LinuxONE package that would let customers administer, monitor, automate, and provision IBM Z and LinuxONE systems from a central location. IBM said it wants to reduce operational complexity for customers by making automating day-to-day operations to ultimately lower administrative costs and concerns. With the new flexible form factors, IBM continues to target hybrid and AI infrastructure buildouts with the Big Iron. In the AI world, the z17 is being utilized for AI inferencing, transactions, training, and key security applications such as fraud detection and insurance claims. “Enterprise infrastructure is entering a new phase. Organizations need platforms that can support AI-driven growth while navigating resource constraints, evolving business requirements, and increasingly complex hybrid environments,” Tarquinio said. “They are being asked to deploy new AI capabilities while learning new skills, controlling operational costs, and maximizing the value of existing applications and infrastructure.” A recent IBM Institute study on mainframe usage stated that embedding mainframe to support AI in executing transactions is not temporary: 75% of executives expect mainframe-based applications to remain central to digital transformation, and 60% say mainframe-based platforms are essential to enabling AI innovation. ”Mainframe-anchored systems of record are becoming systems of intelligent execution—not as general‑purpose AI platforms, but as environments where AI acts directly within transactions and in support of them,” the study reported. Gartner wrote in its “ The State of the IBM Mainframe in 2026 ” report that IBM’s willingness to make significant investments ensure the mainframe modernizes to remain a vital and thriving component of enterprise IT. “Most mainframe customers are now prioritizing the reduction of technical debt and adopting platform innovations to future-proof their mainframe environments for the coming decade,” Gartner wrote. The new z17 single frame and rack mount configurations, LinuxONE Rockhopper 5, and LinuxONE 5 Express will all be available August 12, 2026. IBM Infrastructure Management for IBM Z and IBM LinuxONE will be available August 14.
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