| Kevin Breuninger / CNBC: |
Trump says the US is “terminating all discussions on trade with Canada” in response to Canada's decision to impose a digital services tax on US tech firms — - President Donald Trump said the United States is immediately “terminating ALL discussions on Trade with Canada.”| Josh Gerstein / Politico: |
SCOTUS upholds a Texas law that requires porn websites to verify that their visitors are 18 or older, rejecting a First Amendment challenge to the law — The Supreme Court has upheld a Texas law that requires porn websites to verify that their visitors are 18 or older.| Financial Times: |
Sources: Meta is looking to raise $3B in equity and $26B in debt, from private capital firms, including Apollo Global and KKR, to fund its data center build out — Apollo, Brookfield and Pimco among the lenders in talks with Mark Zuckerberg's social media group| New York Times: |
Sources: executives in Meta's AI division discussed “de-investing” in Llama and also discussed using models from competitors like OpenAI and Anthropic — Unhappy with his company's artificial intelligence efforts, Meta's C.E.O. is on a spending spree as he reconsiders his strategy … | Alex Heath / The Verge: |
| Miranda Bryant / The Guardian: |
Denmark plans to clamp down on AI-generated deepfakes by changing copyright law to give its citizens rights to their own body, facial features, and voice — Amendment to law will strengthen protection against digital imitations of people's identities, government says| The Information: |
Source: OpenAI recently began renting Google's TPUs to power ChatGPT, marking its first significant use of non-Nvidia chips; Meta also considered using TPUs — OpenAI, one of the world's biggest customers of Nvidia artificial intelligence chips, recently began renting Google's AI chips … | Ryan Daws / AI News: |
Anthropic tested Claude's ability to manage a physical “storefront” to mixed results, as the AI struggled with pricing strategy and inventory management — Anthropic tasked its Claude AI model with running a small business to test its real-world economic capabilities.| Kylie Robison / Wired: |
Sources: OpenAI is not releasing an internal paper on AI stages as it may complicate OpenAI's ability to declare AGI and block Microsoft from its tech — The partnership between OpenAI and Microsoft in many ways hinges on the definition of artificial general intelligence … | Reuters: |
Germany's DPC says DeepSeek's app illegally transfers user data to China and asks Apple and Google to block it from their app stores in the country — Germany has taken steps towards blocking Chinese AI startup DeepSeek from the Apple (AAPL.O) and Google (GOOGL.O) app stores due to concerns … | Reed Albergotti / Semafor: |
Anthropic launches the Anthropic Economic Futures Program to bolster research on the impacts of AI and encourage new proposals on how to mitigate the downsides — THE SCOOP — Artificial intelligence startup Anthropic is launching an effort to address the economic consequences … | Vivek Kumar M / Reuters: |
Indian digital payments company Pine Labs files for an IPO in India to raise up to ~$304M; source: Pine Labs is seeking a valuation of between $5B and $6B — Indian fintech firm Pine Labs' PINL.NS initial public offering could be worth about $1 billion and the company is seeking a valuation … | Ben Steverman / Bloomberg: |
Trump's tax bill expands Qualified Small Business Stock benefits for VCs, founders, startup staff, including increasing maximum tax-free gains from $10M to $15M — Silicon Valley's favorite tax break may be getting an upgrade. — Venture capitalists, along with successful tech founders … | Reuters: |
Sources: Trump is planning EOs on July 23 to help US AI growth, including easing grid access for new power projects and offering federal land for data centers — The Trump administration is readying a package of executive actions aimed at boosting energy supply to power the U.S. expansion … | Ashley Gold / Axios: |
A group of 17 GOP governors write to Senate majority leader and House speaker urging for the state AI bill moratorium to be removed from the reconciliation bill — A group of 17 Republican governors wrote to Senate Majority Leader John Thune and House Speaker Mike Johnson on Friday calling … | The Information: |
Sources: mass production of Microsoft's next AI chip is delayed to 2026 and is expected to underperform Nvidia's Blackwell chip, released in late 2024 — Microsoft has spent years designing its own artificial intelligence chips, in part to reduce its dependence on Nvidia. It isn't going so well.| Simon Willison / Simon Willison's Weblog: |
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| Lauren Feiner / The Verge: |
| Ross Douthat / New York Times: |
| Sam Apple / Wired: |
| Michael Pooler / Financial Times: |
| Aisha Malik / TechCrunch: |
| David Uzondu / Neowin: |
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| Aisha Malik / TechCrunch: |