[7/2 14:00] Microsoft launches $2.5 billion Frontier Company with 6,000 experts / Pitch launches conversational AI presentation agent

AI News Flash for July 02, 2026 at 14:00 UTC. Topics: 1. Microsoft launches $2.5 billion Frontier Company with 6,000 experts https://techcrunch.com/2026/07/02/microsoft-launches-its-own-ai-deployment-company-with-2-5-billion-commitment/ 2. Pitch launches conversational AI presentation agent https://gizmodo.com/pitch-launches-ai-presentation-agent-that-does-more-than-build-slides-also-chat-about-your-deck-2000779918 3. US firms lose 2.4% of revenue on failed AI projects, Emergn survey finds https://www.ciodive.com/news/wasted-tech-spend-AI-governance/824275/ 4. Amazon Leo satellite broadband ready for service rollout https://www.engadget.com/2206582/amazon-leo-is-ready-to-go/