AI News Today, August 8 2026: OpenAI Cyber Test Fallout

• A Nasscom report reveals that 74% of deep-tech startups in India have adopted AI and machine learning, signaling a major shift toward commercial deployment. • Over the last three awards editions, 150 recognized startups have collectively raised more than $875 million in funding and generated over $420 million in revenue since 2022.

• The August 7, 2026, Black Arrow Cyber Threat Intel Briefing highlights a surge in AI-driven deception, with AI agents now targeting real people and systems in cyber tests. • Phishing attacks are being supercharged by AI, leading to a massive 1,500% increase in device code phishing and a doubling of vishing incidents in 2026.

• Hedge fund Situational Awareness has committed a total of $500 million to Source Foundry, including a fresh $400 million injection this week. • Founded last year by Stanford researchers Abdulmalik Obaid and Joe Burg, Source Foundry develops specialized equipment to resolve bottlenecks in advanced semiconductor manufacturing.

• Situational Awareness invested $400 million into chip manufacturing startup Source Foundry, a move previously reported by Bloomberg as a "mystery investment." • The high-stakes bet was placed just days after the hedge fund had been on the brink of collapse and involved a company backed by Sequoia Capital.

• Situational Awareness is investing $400 million in Source Foundry, a stealth chip startup, to pivot its focus toward AI infrastructure. • This strategic shift follows a severe financial downturn in July, where the fund suffered an estimated 67% monthly loss due to plunging AI stocks and leveraged positions.

• Situational Awareness has invested $500 million in Source Foundry, a startup focused on developing advanced tools for semiconductor manufacturing. • The investment targets critical bottlenecks in the AI supply chain, specifically focusing on the development of new tools for lithography.

• Data center operator Switch has confidentially filed for an initial public offering (IPO) in the United States, according to a report from Bloomberg News. • Separately, OpenAI has identified a serious risk regarding the ability of advanced AI models to perform complex technical tasks related to cybersecurity.

• AI defense startup Hadrian raised $1.4 billion in a funding round, bringing its total valuation to $7.9 billion to modernize US defense and aerospace manufacturing. • AI chip startup Olix secured $312 million in new funding, reaching a valuation of $3.3 billion.

• The article identifies the top artificial intelligence (AI) ETFs for investors to consider in the U.S. stock market for 2026. • A primary highlight is the First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT), which tracked 114 stocks as of July 2026.

• Major AI players made strategic shifts on August 7, with OpenAI offering unlimited text chat to free users, Google reorganizing its AI division, and Anthropic confirming the development of in-house chips. • The UK's AI Security Institute (AISI) released a safety report detailing a cyber capability assessment conducted from July 25 to 28.

• AI Expo Europe 2026 is scheduled to take place in Bucharest on November 1-2, 2026, marking it as the largest AI conference in Eastern Europe. • The event will shift its focus from general technological demonstrations to practical, measurable use cases in sectors such as finance, HR, cybersecurity, and software development.