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The cloud unit's contracted revenue pipeline swells as Amazon eyes a trillion-dollar revenue milestone. Amazon's cloud computing division, AWS, has accumulated a backlog of $496 billion in contracted revenue that has yet to be recognized. That figure was reported by Yahoo Finance and separately cited by CryptoBriefing.

Quarterly revenue rose 9%, but heavy investment in artificial intelligence infrastructure squeezed earnings and rattled investors. Alibaba disclosed a sharp decline in quarterly profit, down 75% from the same period last year. The drop came despite revenue growth of 9%, according to figures cited by Cryptopolitan.

The funding round included participation from 0G Foundation, according to reports from BeInCrypto and CryptoBriefing. NeoSoul has raised $11 million in a Pre-A funding round. The company said the capital will support its expansion in what it describes as the AI economy. Reports from BeInCrypto and CryptoBriefing confirmed the raise on August 20, 2026.

Industry groups from digital assets, artificial intelligence and prediction markets are pouring unprecedented sums into the 2026 election cycle. Spending on the 2026 US midterm elections has climbed to record territory, with crypto, artificial intelligence and betting firms named as leading contributors.

The agreement deepens Wall Street's push to secure Nvidia-powered computing capacity for algorithmic trading and research. CoreWeave has entered a multibillion-dollar agreement to provide artificial intelligence cloud infrastructure to Hudson River Trading, according to reports from CryptoBriefing and Yahoo Finance.

A Chainlink executive compared the coming shift to scenes from Star Wars, pointing to machines as future network users. Chainlink executive McCormick offered a striking vision of blockchain's next phase this week. Machines, not people, will increasingly initiate transactions on decentralized networks, according to the comments.

The funding round will support infrastructure aimed at securing data and transactions across decentralized and AI-driven applications. Beldex has closed an $8 million funding round intended to expand its privacy-focused infrastructure for Web3 and artificial intelligence.

Cybersecurity firm Rapid7 says an automated phishing operation targeted crypto users through a massive trove of exposed phone numbers. Cybersecurity firm Rapid7 has disclosed a phishing operation targeting cryptocurrency users that exposed 885,000 phone numbers. The firm said the campaign relied on artificial intelligence tools to automate and scale its outreach.

The Alibaba-affiliated fintech giant's earnings collapsed even as its core payments business held steady. Ant Group's latest quarterly results show a sharp profit decline of 91% compared to the same period last year. Both CryptoBriefing and The Cryptonomist EN attributed the drop to an aggressive spending campaign on artificial intelligence.

The bitcoin miner locked in the long-term contract before its Malaysian site begins operating. Bitdeer has secured a $400 million offtake agreement spanning five years for an AI cloud computing facility in Malaysia, according to reports from CryptoBriefing and The Cryptonomist.

The exchange becomes one of the few crypto platforms to secure the international standard governing artificial intelligence oversight. KuCoin has secured ISO/IEC 42001 certification, according to reports from Invezz and CoinJournal. The standard sets requirements for how organizations govern artificial intelligence systems. It covers areas such as risk management, transparency, and accountability in AI deployment.

The exchange's new infrastructure opens trading and payments to autonomous AI agents, but oversight remains with users. Binance has rolled out Agent OS, a new platform designed to let artificial intelligence agents trade and transact on its exchange infrastructure.

The tech giant's planned payout has drawn attention as a possible signal of confidence in artificial intelligence demand Samsung Electronics is preparing shareholder returns totaling more than $72 billion, according to reports from CryptoBriefing and Cryptopolitan. The figure represents one of the largest capital return commitments disclosed by a major technology manufacturer in recent memory.

The former bitcoin miner touts early progress on AI capacity, yet analysts remain split on how it will fund the buildout. Core Scientific has reported 440 megawatts of AI computing capacity, ahead of its own internal timeline. The company disclosed the figure alongside details of a contract backlog now valued at roughly $24 billion.

The crypto exchange has curbed employee use of Anthropic's Claude model in Hong Kong while its overall AI budget climbs toward eight figures a month. OKX has restricted employee access to Claude, the AI model built by Anthropic, for staff working out of its Hong Kong offices.

The crypto exchange joins Goldman Sachs in restricting the AI tool following an unexplained account suspension in the city. OKX has instructed employees in Hong Kong to stop using Anthropic's Claude AI, according to reporting from CryptoBriefing and Coin Edition.

Bloomberg report, relayed by CryptoBriefing, says Elon Musk's rocket company has approached the maker of the Devin AI agent about a potential deal. SpaceX has reportedly approached Cognition AI about a potential acquisition, according to a Bloomberg report relayed by CryptoBriefing.

Developers can now pull GitHub repositories into AI Studio and push changes back with a single click. Google has rolled out a new integration inside AI Studio that connects the platform directly to GitHub. According to reports from CryptoBriefing and The Cryptonomist EN, developers can now import an existing GitHub repository into AI Studio…