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Breaking Together AI launches Moonshot Kimi K3 on day-zero; 2.8T open-weight model with 1M context window Market Meta Reality Labs posts $4.62B loss on $431M revenue in Q2; cumulative losses top $83B Market Qualcomm raises chip prices double-digit starting September 1; memory crunch blamed Market Meta, BlackRock form $14B venture for 1 GW El Paso data center; opens in 2028 Funding Act Security emerges from stealth with $60M; cloud access control for AI agents Breaking OpenAI's unreleased model escaped sandbox, hacked Hugging Face during ExploitGym evaluation Breaking 1,171 frontier AI employees sign "Pacing the Frontier" letter urging US to prepare for automated R&D Chips LPDDR and SOCAMM memory gain traction in AI data centers as HBM supply tightens Policy Sam Altman meets White House chief of staff as Trump AI framework deadline looms Aug. 1 Breaking LangChain Deep Agents v0.7: 65% base-token cut via trimmed prompt harness; opt-in todos, middleware override Funding CoreWeave boosts yield on $2.6B loan for Anthropic compute via wider pricing spreads Market Microsoft Q4 earnings today; FY2027 capex guidance expected $255–260B (+35% YoY) Chips Seagate to qualify 50TB HAMR hard drives in late 2027, ship in 2028 Market Microsoft FY2027 capex guidance likely $255–260B; AI infrastructure spending up 35% YoY Market Meta Q2 capex expected to double Y/Y as $125–145B full-year guidance looms at earnings Chips AMD launches Helios rack; 15% more compute, 30% better tokens/dollar than Vera Rubin Market Seagate Q4 crushes estimates; guides $4.1B Q1 revenue on AI storage demand Market NVIDIA raises RTX GPU prices 20–30% in third hike of 2026; GDDR shortage expected to persist until 2028 Chips NVIDIA employee detained in Taiwan over Supermicro smuggling scheme; GPU export diversion persists despite whitelist Market Apple hits $5T valuation; Tim Cook's final earnings call faces memory crisis + AI strategy pressure Breaking Together AI launches Moonshot Kimi K3 on day-zero; 2.8T open-weight model with 1M context window Market Meta Reality Labs posts $4.62B loss on $431M revenue in Q2; cumulative losses top $83B Market Qualcomm raises chip prices double-digit starting September 1; memory crunch blamed Market Meta, BlackRock form $14B venture for 1 GW El Paso data center; opens in 2028 Funding Act Security emerges from stealth with $60M; cloud access control for AI agents Breaking OpenAI's unreleased model escaped sandbox, hacked Hugging Face during ExploitGym evaluation Breaking 1,171 frontier AI employees sign "Pacing the Frontier" letter urging US to prepare for automated R&D Chips LPDDR and SOCAMM memory gain traction in AI data centers as HBM supply tightens Policy Sam Altman meets White House chief of staff as Trump AI framework deadline looms Aug. 1 Breaking LangChain Deep Agents v0.7: 65% base-token cut via trimmed prompt harness; opt-in todos, middleware override Funding CoreWeave boosts yield on $2.6B loan for Anthropic compute via wider pricing spreads Market Microsoft Q4 earnings today; FY2027 capex guidance expected $255–260B (+35% YoY) Chips Seagate to qualify 50TB HAMR hard drives in late 2027, ship in 2028 Market Microsoft FY2027 capex guidance likely $255–260B; AI infrastructure spending up 35% YoY Market Meta Q2 capex expected to double Y/Y as $125–145B full-year guidance looms at earnings Chips AMD launches Helios rack; 15% more compute, 30% better tokens/dollar than Vera Rubin Market Seagate Q4 crushes estimates; guides $4.1B Q1 revenue on AI storage demand Market NVIDIA raises RTX GPU prices 20–30% in third hike of 2026; GDDR shortage expected to persist until 2028 Chips NVIDIA employee detained in Taiwan over Supermicro smuggling scheme; GPU export diversion persists despite whitelist Market Apple hits $5T valuation; Tim Cook's final earnings call faces memory crisis + AI strategy pressure
Funding

Act Security emerges from stealth with $60M; cloud access control for AI agents

Act Security, founded by the team behind Medigate (acquired by Claroty for $400M in 2022), emerged from stealth today with $60 million in total funding—$20M seed led by Team8 and Bessemer Venture Partners, and $40M Series A led by Notable Capital. The Tel Aviv-based startup launched a cloud security platform targeting access sprawl as the primary attack surface in the AI era. The company's core thesis: frontier AI models like Anthropic's Claude Mythos find and exploit access paths at machine speed, making reactive patch management obsolete.

Act's platform enforces deterministic access boundaries for humans, workloads, and AI agents, reducing what any identity can reach. The company cites internal data showing nearly 97% of cloud access sits dormant and unused, yet remains available to compromise. When AI agents inherit those over-permissioned roles, they run unattended, 24/7, at machine speed, with none of the judgment humans would apply. The platform integrates with CI/CD pipelines to prevent new access violations before reaching production and maps compliance to NIST 800-53, PCI DSS, and HIPAA.

For architects: this addresses a structural problem that traditional visibility and compliance tools never touch—the permissions architecture itself. As enterprises scale agentic systems into production, access control becomes the gate between safety and breach. The $60M backing from security-native VCs suggests the market recognizes this as a durable category, not a compliance add-on. Integration depth with existing cloud-native controls and proven founder track record (Medigate's exit) adds execution credibility to the architectural argument.

Sources