TeraWulf pivots from Bitcoin mining to AI infrastructure provider
TeraWulf, originally a Bitcoin mining company, is repositioning itself as an AI infrastructure provider, highlighting that the AI buildout now requires power access, land, cooling, transmission, financing, and rapid data center construction. This shift raises questions about which companies are best positioned to benefit from the AI infrastructure boom.
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Modal raises $355M Series C for agent-focused cloud infrastructure
Modal, a cloud provider built for developers, has raised a $355 million Series C funding round. The company is positioning itself to serve the growing demand for AI agent inference and compute workloads, as agents change the requirements for cloud infrastructure.
DeepSeek plans to develop its own AI chips to bypass US export controls
DeepSeek, the Chinese startup behind competitive LLMs, is planning to enter the silicon business by developing its own AI chips, according to Reuters. The company has been working on the move for about a year, meeting with potential hardware partners and hiring engineers for the project. This move is seen as a response to US export controls that restrict Chinese access to advanced semiconductors.
Huawei Cloud Agentic Infra: unified infrastructure for general and AI workloads
Huawei Cloud launched Agentic Infra, a unified infrastructure designed to support both general and AI workloads. It includes a new model training and inference platform and an enterprise-grade agent platform, aiming to simplify AI deployment for enterprises.
JFrog saves 100B tokens across 1,000+ engineers via AI optimization
JFrog announced that its AI optimization initiative saved 100 billion tokens across over 1,000 engineers. The effort reduced costs and improved efficiency in token consumption for AI-powered development workflows.
Lidl owner plans to build EU-funded AI gigafactory
The owner of supermarket chain Lidl has announced plans to build one of several AI 'gigafactories' backed by the European Union. The facility would be part of a broader EU initiative to boost sovereign AI infrastructure. The news was reported by Cybernews on July 12, 2026.