IBM and Red Hat's Project Lightwell, Snowflake's $6B AWS Deal, and Cognition's $1B AI Funding - Daily AI Brief #466
May 28, 2026 -
Daily AI Brief
Hi there,
Welcome to today's AI Brief.
In this edition, IBM and Red Hat have announced a $5 billion initiative called Project Lightwell. Remote reports a 50% revenue growth per employee, while Synopsys appoints Jesse Cohn to its board. fal and Krea have launched the Krea 2 Image Model for developers, and Cognition has raised $1 billion for its AI coding software.
Snowflake has signed a $6 billion deal with AWS for AI chips, and ClickHouse has tripled its revenue to $250 million, with plans for an IPO. Infosys extends its AI partnership with Roland-Garros, and SerpApi achieves SOC 2 Type 2 and ISO 27001:2022 certification. Farsight introduces Freeform AI for financial deliverables, and YouTube plans to label AI-generated videos by 2026. Ironclad reports that 99% of lawyers trust AI, and General Motors partners with Pinnacle Intelligence for AI in dealerships. Lastly, Artlist and Secret Level collaborate on the AI film 'Terrarium'.
Welcome to today's AI Brief.
In this edition, IBM and Red Hat have announced a $5 billion initiative called Project Lightwell. Remote reports a 50% revenue growth per employee, while Synopsys appoints Jesse Cohn to its board. fal and Krea have launched the Krea 2 Image Model for developers, and Cognition has raised $1 billion for its AI coding software.
Snowflake has signed a $6 billion deal with AWS for AI chips, and ClickHouse has tripled its revenue to $250 million, with plans for an IPO. Infosys extends its AI partnership with Roland-Garros, and SerpApi achieves SOC 2 Type 2 and ISO 27001:2022 certification. Farsight introduces Freeform AI for financial deliverables, and YouTube plans to label AI-generated videos by 2026. Ironclad reports that 99% of lawyers trust AI, and General Motors partners with Pinnacle Intelligence for AI in dealerships. Lastly, Artlist and Secret Level collaborate on the AI film 'Terrarium'.
IBM and Red Hat Announce Project Lightwell
IBM and Red Hat have launched Project Lightwell, a $5 billion initiative to secure open source software using AI. The project aims to enhance software supply chain security with the help of over 20,000 engineers. Read more
Remote Achieves 50% Revenue Growth Per Employee
Remote, a payroll startup, has reported a 50% increase in revenue per employee without expanding its workforce. Read more
Synopsys Appoints Jesse Cohn to Board
Synopsys, Inc. has appointed Jesse Cohn from Elliott Investment Management to its Board of Directors. This decision is part of a cooperation agreement to enhance strategic focus and value creation. Read more
fal and Krea Launch Krea 2 Image Model
fal has partnered with Krea to introduce Krea 2, a foundation image model available globally for developers. The model comes in two variants, Krea 2 Medium and Krea 2 Large, catering to diverse creative requirements. Read more
Cognition Raises $1B for AI Coding Software
AI coding startup Cognition has secured over $1 billion in funding, elevating its valuation to $25 billion. The round was led by Lux Capital, General Catalyst, and 8VC. Read more
Snowflake Signs $6 Billion Deal with AWS for AI Chips
Snowflake has signed a $6 billion agreement with Amazon Web Services to utilize AWS's ARM-based CPU chip, Graviton, over the next five years. This move is driven by increased customer spending on AWS for AI capabilities. Read more
ClickHouse Revenue Triples to $250M, Eyes IPO
ClickHouse has tripled its annualized revenue to $250 million and is preparing for an IPO. The company, valued at $15 billion after a recent funding round, serves over 4,000 customers including Meta and Capital One. Read more
Infosys Extends AI Partnership with Roland-Garros
Infosys has extended its partnership with Roland-Garros until 2031, aiming to enhance fan engagement with new AI-powered digital experiences starting in 2026. Read more
SerpApi Achieves SOC 2 Type 2 and ISO 27001:2022 Certifications
SerpApi has completed its SOC 2 Type 2 examination and achieved ISO/IEC 27001:2022 certification, emphasizing its commitment to data security and operational integrity for its cloud-based platform. Read more
Farsight Introduces Freeform AI for Financial Deliverables
Farsight has unveiled Freeform, an AI tool designed to create complex financial documents from a single prompt, aiming to enhance efficiency in producing client-ready materials. Read more
YouTube to Label AI-Generated Videos by 2026
YouTube will start automatically labeling videos with significant photorealistic AI content from May 2026, aiming to improve viewer awareness. This initiative includes new internal signals to identify AI-generated content, with labels appearing prominently on both long-form videos and YouTube Shorts. Read more
Ironclad Report: 99% of Lawyers Trust AI
A report by Ironclad reveals that 99% of lawyers trust AI tools as their roles evolve, with a significant rise in AI usage for contract-related tasks. Read more
GM Partners with Pinnacle Intelligence for AI in Dealerships
General Motors has teamed up with Pinnacle Intelligence to enhance dealership operations using AI and data. This collaboration aims to improve lead conversion and customer engagement. Read more
Artlist and Secret Level Collaborate on AI Film 'Terrarium'
The AI production platform Artlist and AI-native studio Secret Level are working with horror producer Steven Schneider on 'Terrarium', an AI-powered feature film currently in production. Read more
We hope you enjoyed this article.
Consider subscribing to one of our newsletters like Daily AI Brief.
Also, consider following us on social media:
Subscribe to Daily AI Brief
Daily report covering major AI developments and industry news, with both top stories and complete market updates
