Backed by $60M in funding, Oak steps out of stealth to fix the identity mess that AI agents are making worse

• Indian AI coding startup Emergent has achieved unicorn status after securing $130 million in Series C funding. • The company reports strong financial growth, reaching an annualized revenue run rate of $120 million with over 200,000 paying customers.

• Bottomline has integrated stablecoin capabilities directly into the Chief Financial Officer's (CFO) operating environment to streamline financial management. • This development allows businesses to leverage digital assets for more efficient treasury operations and real-time settlements.

• South Korea's artificial intelligence boom is transitioning from a primary export driver into a comprehensive investment cycle. • The shift focuses on whether corporate profits from AI are translating into increased wages, household income, and broader domestic investment.

• The Royal Netherlands Navy is integrating uncrewed systems, including robots, AI, and drones, to modernize its maritime defense capabilities. • Recent sea trials were conducted off the country's northern coast to test these technologies in real-world environments.

• UK artificial intelligence companies received a record £4.6bn in investment during Q2 2026, according to data from Beauhurst. • AI dominated the funding landscape, capturing 57% of all equity investment during this period.

• European nations are deploying diverse technologies to protect aging infrastructure from record-breaking heatwaves that are causing railways to buckle and roads to melt. • Mitigation strategies include using drones for track inspections, AI-powered sensors for monitoring, and applying white paint to reflect sunlight.

• The July 2026 Linux Foundation newsletter highlights the growing role of open entity graphs as a foundational layer for agentic AI. • These graphs provide verified, canonical data to ground Large Language Models (LLMs), which is critical for reducing AI hallucinations.

• President Lee Jae-myung unveiled the "Three Mega Projects for AI and Semiconductors" in late June 2026 to secure South Korea's global leadership in technology. • The strategy focuses on three core pillars: semiconductors, physical AI, and AI data centers, with a specific goal to double DRAM output within five years.

• The Indian government unveiled a massive Rs 1.27 lakh crore strategic plan to bolster the domestic semiconductor industry. • AI startup Emergent achieved unicorn status, while Ather Energy approved a preferential fundraise from Hero MotoCorp, the India-Japan Fund, and its founders.

• Indian companies are increasingly shifting toward Chinese Large Language Models (LLMs) as an alternative to American options. • The transition is driven by the "unsustainable" cost of US token bills, with developers arguing that high-end US models are often "overkill" for basic operational tasks.

• The Observer has released its 2026 A.I. Power Index, a report analyzing the shifting dynamics of influence and capital flow within the artificial intelligence sector. • The index moves beyond traditional metrics like funding and scale to identify the specific "leverage points" that are currently reshaping the industry.