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Recursive Releases Flint, an Open-Weight Coding Model Built to Run Locally

Recursive has released Flint, a 40B open-weight coding model that runs locally. It says AI built most of it; all benchmark and speed figures are its own.

Elbit Says It Has Bought Canada’s International Submarine Engineering

Elbit Systems says it has completed its purchase of International Submarine Engineering, a Vancouver-area maker of underwater drones. No price was given.

Quantum Systems Tells Militarnyi Its Recordhunter Demonstrator Hit 777 km/h

Quantum Systems says its Apex Recordhunter electric demonstrator reached 777 km/h, Militarnyi reports. It is a test aircraft, and the record is unofficial.

Watchtower Labs Emerges With $35m Seed to Build AI for Military Logistics

Seattle start-up Watchtower Labs has left stealth with a $35m seed led by Shield Capital and Conviction to build AI planning tools for military logistics.

Blacksmith Says Sequoia Round Values Its Code-Testing Cloud at $1bn

Blacksmith, which runs builds and tests for software teams, has raised a $66m Series C led by Sequoia at a $1bn valuation, two months after its Series B.

NVIDIA Launches OpenShell Blueprint for Safe AI Agents as ServiceNow Ships Arc

NVIDIA's OpenShell Reference Architecture aims to contain AI agents in software and silicon. ServiceNow's OpenShell-enforced Arc is now out.

Microsoft Says Human-Directed AI Agents Helped Prove the 1995 KLS Conjecture

Microsoft Research says a preprint proves the 1995 KLS conjecture with human-directed AI agents. It is not peer reviewed; unguided runs fell short.

Legora Raises $550m at $8.8bn as It Claims More Than $200m in ARR

Swedish legal AI firm Legora has raised $550m in a Series E led by Atreides at an $8.8bn valuation, and says annual recurring revenue has passed $200m.

Anthropic’s Draft IPO Filing Shows $16.3bn Half-Year Revenue, WSJ Reports

Anthropic made $16.3bn in first-half revenue and lost $80.7bn, mostly non-cash, a draft IPO prospectus seen by the WSJ shows. It is not public.

Denmark to Guarantee DKK 750m Loan for Fire Point’s Danish Missile-Fuel Plant

Denmark will guarantee a DKK 750m loan to Fire Point's Danish subsidiary through EIFO, because the war blocks the Ukrainian firm's ordinary borrowing.

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