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River AI has raised about $1.1 billion in seed and Series A funding led by General Catalyst and AMP PBC, with strategic investment from NVIDIA and AMD Ventures, and is aiming to create AI that belongs to users rather than labs. Its River API enables LoRA fine-tuning and reinforcement learning on frontier open-weight models, allowing developers to train and deploy personal, continually improving AI while highlighting a multi-billion-dollar valuation in coverage of the round.
Tesla posted a Q2 2026 revenue of $28.2 billion, up 26% year over year and driven by broad strength including Australia’s record Model Y sales, but profitability deteriorated as adjusted EPS came in at $0.33 vs $0.51 and GAAP operating income plunged 57% to $398 million with a 1.4% margin. The quarter reflected heavy expenditure on AI, robotics, and capital outlays, resulting in negative free cash flow despite a revenue record across automotive, energy, and services.
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