Musk: AI Revenue Could Surpass All Other SpaceX Business Revenue by September
On August 12, Elon Musk, founder of SpaceX, said in his latest remarks that AI revenue could surpass all other SpaceX business revenue by September this year, with a significant leap expected in Q4 2026. He predicts that within the next 4 to 5 years, AI could account for 99% of SpaceX’s total value.
Musk also stated that his goal is to expand AI computing capacity to 10 gigawatts by the end of next year. He added that at 10GW scale, valued at $30 to $50 per watt, the company could generate $300 billion to $500 billion in annual revenue.
Google Says Gemini Surpasses 1 Billion Monthly Users
Google CEO Sundar Pichai posted on X on August 11, saying that more than 1 billion people now use Gemini every month. “This is the fastest-growing product in our history and our 14th product to reach 1 billion users,” he wrote.
Lin Junyang Founds AI Company Yuyong Technology, Angel Round Valued at $2 Billion
According to reports, on August 12, Lin Junyang, former technical lead of Qwen, announced the founding of a new AI company in Shanghai called Yuyong Technology, focusing on next-generation agents spanning the digital and physical worlds. He revealed that Gaorong Ventures and HSG (HongShan China) co-led this round, with support from Tencent and the Shanghai Future Industry Fund. Sources close to the matter told reporters that this “round” is Yuyong Technology’s angel round, with a valuation of $2 billion.
Honor Launches World’s First Robot Phone Starting at 9,999 Yuan
On August 12, Honor officially unveiled the world’s first robot phone, the Robot Phone, in Shenzhen. Breaking away from the traditional fixed-form smartphone design, the device features a titanium alloy dexterous gimbal, ARRI cinematic imaging, and a system-level AI architecture, enabling gimbal interaction, YOYO dancing to music, and other new capabilities. Honor announced that the Robot Phone starts at 9,999 yuan, with first sales kicking off at 10:08 AM on August 18. The 16GB+1TB variant is priced at 12,999 yuan.
River AI, Founded by xAI Co-Founder, Raises $1.1 Billion with Nvidia and AMD Participation
On August 11, River AI, the startup founded by xAI co-founder Igor Babuschkin, announced the completion of a $1.1 billion funding round, led by General Catalyst and AMP PBC, with participation from Nvidia and AMD Ventures. Other investors include Y Combinator and Temasek.
SpaceXAI Launches “24/7 Digital Colleagues” Grok Bot
SpaceXAI announced on August 11 the launch of its AI agent product, Grok Bot, currently in beta testing. According to the announcement, Grok Bot is a team of always-online intelligent assistants that can accept and complete real work tasks assigned by users. Grok Bot comes with its own cloud-based computer and can log into tools users already use, working across apps, inboxes, and more — only reporting back once the task is done.
Anthropic Announces Invisible Watermarks in Claude-Generated Content, Global Marking Mechanism
Anthropic announced on August 11 that it has signed onto Article 50 of the EU AI Act regarding transparency of AI-generated content. Starting August 2, Claude models will embed invisible watermarks in generated text, while images and other files will carry cryptographically signed provenance metadata. The marking mechanism applies globally across all Claude product lines and partner cloud platforms, not just in the EU.
Cognition AI in Talks to Raise Over $1 Billion, Valuation Could Top $40 Billion
According to reports, AI startup Cognition AI is in early-stage talks with investors for a new funding round that could boost its valuation by more than 50%, reaching at least $40 billion. Sources say Cognition could raise over $1 billion in this round.
