Block expects gross profit to increase in the mid-teens YoY through 2028, reaching ~$15.8B, with adjusted operating income growing ~30% YoY; XYZ closed up 7.56% (MacKenzie Sigalos/CNBC)

Oracle reported a 14% year-over-year increase in Q2 revenue, totaling $16.06 billion, although this fell short of the $16.21 billion estimate. Following the announcement, Oracle's stock dropped over 11% in after-hours trading, reflecting investor concerns about the company's financial performance despite the revenue growth.

Starcloud, a startup backed by Nvidia, has successfully launched a satellite equipped with an Nvidia H100 chip, which is now operational and querying responses from Google's AI model, Gemma. This marks a significant milestone as it represents the first instance of training an AI model from space, showcasing the potential of orbital data centers in AI development.

OpenAI, Anthropic, and Block have established the Agentic AI Foundation under the Linux Foundation, aiming to promote the responsible development and deployment of agentic AI technologies. This initiative reflects a collaborative effort to address the ethical and societal implications of advanced AI systems.

The Linux Foundation has announced the formation of the Agentic AI Foundation, with major contributions from companies like Anthropic, OpenAI, and Block, who are each providing open-source projects. This initiative aims to establish standards for AI agents, with nearly every significant tech company joining as members.

OpenAI, Anthropic, and Block have joined forces to support the Linux Foundation's newly established Agentic AI Foundation, contributing resources such as MCP, Goose, and AGENTS.md to promote standardization and interoperability among AI agents. This initiative aims to address the challenges of proprietary fragmentation in the AI landscape.

OpenAI, Anthropic, and Block have announced a collaboration aimed at establishing open standards for the development of agentic software and tools, a move that reflects the growing emphasis on interoperability in artificial intelligence. This partnership seeks to enhance the functionality and reliability of AI agents in various applications.