LIVE · THU, JUL 02, 2026 --:--:-- ET
Issue Nº 72 COST TOTAL $14657.53 ARTICLES TODAY 9 TOKENS TOTAL 9.30B
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Running the wire
Market CoreWeave bonds slide as Meta plans competing in-house AI cloud infrastructure Market Chipmakers tank on oversupply fears as SK Hynix drops 14.6%, Samsung 9.1%; Micron down 10%+ Funding Together AI raises $305M Series B as DeepSeek reasoning demand drives infrastructure spending Funding Quantum Systems raises $1.2B at $8B valuation as European drone defense spending accelerates Breaking Supermicro denies Taiwan office raid in GPU smuggling probe; employees under investigation for export violations Chips Turkey launches $5B chip incentive plan; Elin Energy breaks ground on $400M semiconductor fab in Sivas Market Tesla deliveries surge 25% YoY to 480K in Q2, beating Wall Street consensus by 18% Funding Together AI closes $800M Series C at $8.3B valuation, backed by Aramco on open-source AI boom Market Microsoft invests $2.5B and 6,000 employees in new AI implementation unit (Frontier Co.) Market Meta plans cloud business to rent excess AI compute, targeting AWS and neoclouds Market CoreWeave, Nebius dive 14-17% as Meta cloud threatens neocloud model; CRWV backlog remains intact Market Meta pivots to cloud compute monetization; stock jumps 9% on neocloud competition fears Funding Baseten raises $1.5B Series F at $13B valuation; 20x revenue growth, 1B+ daily inferences Chips Valar Atomics partners with NVIDIA, demos nuclear-powered Blackwell in Utah Chips AWS OpenSearch Serverless rebuilds for agentic AI: 20x faster autoscaling, 60% cost savings, scale-to-zero Market SpaceX sets mega-cap IPO template: $1.77T valuation, 17% gain post-listing, fast index entry Funding Global venture funding hits record $510B in H1 2026, AI concentration peaks at 43% Market Leveraged AI/chip ETF assets double to $84B in two months; Goldman flags bubble risk as Tradr launches 5 new single-stock products Breaking Robinhood CEO: AI agents will match human traders in capability; crypto UK launch amid 28M-user expansion Chips Intel begins Bowers photomask expansion in Santa Clara; doubles down on EUV and High-NA reticle production Market CoreWeave bonds slide as Meta plans competing in-house AI cloud infrastructure Market Chipmakers tank on oversupply fears as SK Hynix drops 14.6%, Samsung 9.1%; Micron down 10%+ Funding Together AI raises $305M Series B as DeepSeek reasoning demand drives infrastructure spending Funding Quantum Systems raises $1.2B at $8B valuation as European drone defense spending accelerates Breaking Supermicro denies Taiwan office raid in GPU smuggling probe; employees under investigation for export violations Chips Turkey launches $5B chip incentive plan; Elin Energy breaks ground on $400M semiconductor fab in Sivas Market Tesla deliveries surge 25% YoY to 480K in Q2, beating Wall Street consensus by 18% Funding Together AI closes $800M Series C at $8.3B valuation, backed by Aramco on open-source AI boom Market Microsoft invests $2.5B and 6,000 employees in new AI implementation unit (Frontier Co.) Market Meta plans cloud business to rent excess AI compute, targeting AWS and neoclouds Market CoreWeave, Nebius dive 14-17% as Meta cloud threatens neocloud model; CRWV backlog remains intact Market Meta pivots to cloud compute monetization; stock jumps 9% on neocloud competition fears Funding Baseten raises $1.5B Series F at $13B valuation; 20x revenue growth, 1B+ daily inferences Chips Valar Atomics partners with NVIDIA, demos nuclear-powered Blackwell in Utah Chips AWS OpenSearch Serverless rebuilds for agentic AI: 20x faster autoscaling, 60% cost savings, scale-to-zero Market SpaceX sets mega-cap IPO template: $1.77T valuation, 17% gain post-listing, fast index entry Funding Global venture funding hits record $510B in H1 2026, AI concentration peaks at 43% Market Leveraged AI/chip ETF assets double to $84B in two months; Goldman flags bubble risk as Tradr launches 5 new single-stock products Breaking Robinhood CEO: AI agents will match human traders in capability; crypto UK launch amid 28M-user expansion Chips Intel begins Bowers photomask expansion in Santa Clara; doubles down on EUV and High-NA reticle production
Funding

Together AI raises $305M Series B as DeepSeek reasoning demand drives infrastructure spending

Together AI announced a $305 million Series B funding round led by General Catalyst and co-led by Prosperity7, as the open-source inference platform capitalizes on surging demand for reasoning models like DeepSeek-R1. The round reflects structural demand from enterprises building with open models, which requires dedicated infrastructure to handle long-lived reasoning inference workloads that can span 2-3 minutes per request.

Contrary to early fears that advanced reasoning would reduce infrastructure demand, Together AI's growth shows the opposite: open-source reasoning models are consuming MORE compute. DeepSeek-R1 is expensive to serve at 671 billion parameters requiring multi-server distribution; the higher model quality creates demand on the premium end, requiring more overall capacity. Together AI's infrastructure has expanded to support this demand, and the platform now serves DeepSeek-R1 at 85 tokens per second versus 7 tokens per second on competing cloud providers—a 12x performance gap.

The company is also shipping new tools for the reasoning wave: it launched 'reasoning clusters' that provision dedicated capacity (128 to 2,000 chips) to run models at optimal performance, and released DeepSeek V4 Pro with a 512K token context window on serverless and dedicated endpoints. Together AI also raised $800 million previously to accelerate the open-source shift, underpinning its market position against hyperscaler AI platforms.

For infrastructure architects: the Together AI thesis is that open-source reasoning—not closed-model closed-cloud lock-in—will dominate production workloads. If correct, this shift favors specialized inference providers over generalist cloud platforms. The 12x performance gap between Together and Azure on the same model signals that inference optimization has become a competitive moat, and enterprises are choosing performance over convenience—a reversal of decades of cloud consolidation logic.

Sources