CrowdStrike acquires XM Cyber's technology five years after its $700 million sale

• Arm and Google have introduced a new vertical stack combining Google Axion CPUs and the GKE Agent Sandbox to optimize the cost and performance of agentic AI workloads. • The solution utilizes gVisor, an open-source application kernel, and default-deny Kubernetes network policies to isolate sensitive tasks at the kernel level.

• The European Commission issued two binding orders on Wednesday under the Digital Markets Act (DMA) requiring Google to modify its Android and Search services. • A taxpayer watchdog has criticized these mandates, labeling the move as "tech overreach" and questioning the regulatory approach.

• OpenAI has developed GPT-Red, a specialized AI model designed to red-team other LLMs to identify vulnerabilities and strengthen defenses against cyberattacks. • Researchers from Tracebit discovered that embedding prompt injections with stored secrets on AWS can effectively prevent AI hacking agents from compromising accounts.

• Major technology firms, including Oracle, are increasingly turning to the bond market to secure the massive funding required to build AI data centers. • S&P Global downgraded Oracle's debt on July 9, noting that the company's financial health has been deteriorating.

• AI is rapidly accelerating the discovery of software vulnerabilities, threatening to overwhelm existing cyber defenses. • While the cybersecurity industry is investing heavily in AI tools, attackers are leveraging the technology to find exploits faster than defenders can patch them.

• The Nasdaq and S&P 500 both dropped 1% on Friday as tech stocks fell following a new AI breakthrough from China. • Chinese startup Moonshot AI unveiled Kimi K3, an open-source model that reportedly closes the performance gap with leading US models like OpenAI’s ChatGPT and Anthropic’s Claude.

• Several high-profile companies secured significant funding this week, signaling that investment remains strong despite the summer season. • Enterprise AI startup Fireworks AI led the rounds, raising $1.505 billion in Series D funding to help businesses create specialized intelligence from their own data.

• Chinese President Xi Jinping has launched the World AI Cooperation Organization (WAICO), a new alliance headquartered in Shanghai. • The organization consists of 29 founding member countries, featuring a strong presence from Global South nations such as Brazil, Indonesia, Russia, South Africa, Malaysia, Senegal, and Pakistan.

• President Xi Jinping attended the World AI Conference on Friday, where he advocated for a "people-centred" approach to the development of artificial intelligence. • Xi highlighted China's progress in creating low-cost AI and emphasized the need for equitable access to AI capacity building for developing nations.

• National Development Minister Chee Hong Tat announced increased support for construction technology firms that innovate and apply robotics and automation solutions. • To facilitate adoption, developers and contractors will be provided with a list of certified technology partners for JTC projects.

• Naturis Cosmetics, a contract development and manufacturing organization specializing in beauty and personal care, has successfully raised Rs 100 crore. • The funding was secured in a maiden round led by Sharrp Ventures to scale the company's manufacturing capabilities.