AI Daily Newsletter: Together AI Raises $800 Million in Funding and Ford Rehires Veteran Engineers

AI Daily Newsletter: Together AI Raises $800 Million in Funding and Ford Rehires Veteran Engineers

  • July 2, 2026
Table of Contents

πŸ”₯ 1. Together AI Successfully Raises $800M, Valued at $8.3 Billion

Together AI, a neocloud platform specializing in providing infrastructure for AI training and inference, has just concluded an $800M funding round, raising the company’s valuation to $8.3B. This is a signal that the demand for specialized AI cloud infrastructure is still booming, despite the cost-cutting wave in other areas.

Source: TechCrunch

πŸ€– 2. Ford Rehires “Gray Beard” Engineers After AI Fails to Meet Expectations

Ford Motor has found that relying entirely on AI to control quality does not yield the expected results, so it has invited back veteran engineers β€” also known as “gray beards” β€” to train young employees and fine-tune AI tools. A lesson learned that AI is not a silver bullet for every problem.

Source: TechCrunch

⚑ 3. SpaceX Develops AI Device Prototype β€” Resembling a Smartphone

According to sources from TechCrunch, SpaceX is developing an AI device prototype described as “phone-ish”. Although the technical specifications are unclear, this move shows SpaceX’s ambition in the consumer AI sector, expanding beyond the space and Starlink fields.

Source: TechCrunch

πŸ›‘οΈ 4. South Korea Invests Over $550B to Address the “RAMageddon” Chip Crisis

South Korean tech giants have committed to investing over $550B in chip memory production and AI data centers, with $518B allocated for four new fab plants and $52B for HBM packaging centers. This effort aims to resolve the global chip memory shortage β€” also known as “RAMageddon”.

Source: TechCrunch

πŸ“Š 5. ZCode β€” Harness Officially Supports GLM-5.2 β€” Tops Hacker News

ZCode, the Agentic Development Environment platform from Zhipu AI (China), has been introduced as the official harness tool for the GLM-5.2 model. With 132 points and nearly 200 comments on Hacker News, ZCode attracts attention with its ability to integrate AI agents into the coding process and offers 3M free tokens per day for new users.

Source: ZCode

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