Cognichip Lands $60M Funding for AI Chip Design Automation

• Palantir CEO Alex Karp has released a nine-point manifesto warning corporations against handing their proprietary data over to elite Large Language Model (LLM) providers. • The manifesto argues that companies selling AI tokens have a vested interest in acquiring user data to improve their own models, potentially compromising the client's intellectual property.

• Palantir CEO Alex Karp criticized the AI industry as "effing insane" during a CNBC interview on Wednesday, targeting the practices of leading AI firms. • Karp specifically accused these companies of overcharging their customers, exploiting sensitive business data, and compromising U.S. national security.

• The July 2026 "Startup Launch of the Month" report identifies key growth signals and high-performing categories for new ventures. • High-growth sectors include developer tools, scientific software for machine-assisted experimentation, and cybersecurity tools designed to mitigate risk from rapid scaling.

• A new study by Governance AI reveals that EU data protection rules are hindering the rollout of Large Language Models (LLMs), with 11% of advanced releases delayed or blocked compared to the US. • The study attributes this gap to the EU's aggressive enforcement and a lack of clear guidance on how existing data laws apply to AI training and deployment.

• Palantir CEO Alex Karp has launched a scathing critique of AI industry leaders, specifically targeting OpenAI and Anthropic. • Karp described the current state of the AI industry as "effing insane," suggesting that "something has gone completely wrong" with the trajectory of development.

• The talent acquisition industry is undergoing a revolution driven by the integration of AI tools, predictive analytics, and automated recruitment platforms. • This growth is further accelerated by the global shift toward remote work trends, optimizing how companies identify and hire candidates.

• The U.S. Federal Trade Commission (FTC) has proposed a policy statement warning that AI companies may be violating consumer-protection laws. • The agency specifically targets the use of undisclosed ideological objectives and bias controls that shape how chatbots produce answers for users.

• India and Japan elevated their Special Strategic and Global Partnership during the 16th India-Japan Annual Summit held on Thursday. • The two nations unveiled a comprehensive 16-point roadmap focusing on economic security, artificial intelligence (AI), energy resilience, and critical technologies.

• India's Nifty index is currently outperforming major global tech benchmarks, including the Nasdaq and the stock exchanges of South Korea and Taiwan. • This shift comes as foreign investors move away from AI-centric assets, specifically Korean chipmakers, in favor of India's domestic growth drivers.

• Toss Securities reports that the AI megatrend is only in its early stages, suggesting that investors look beyond semiconductor chips for growth. • The firm highlights critical infrastructure bottlenecks, specifically urging investment in power management and cooling systems to support AI scaling.

• Beijing-based Z.ai recently released the GLM-5.2 AI model, which has earned praise from Silicon Valley for its ability to handle complex tasks with minimal prompts. • The model is noted for rivaling US counterparts while operating at a fraction of the cost, drawing comparisons to the "DeepSeek moment" of January 2025.

• China is narrowing the AI cybersecurity gap with the development of GLM-5.2 and 360 Security tools, positioning itself to match Anthropic's capabilities by 2026. • These advancements highlight a global race in artificial intelligence, where Chinese tools are becoming increasingly competitive in detecting and mitigating cyber threats.