| 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 … | 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 … | Simon Willison / Simon Willison's Weblog: |
| 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 … | Marina Temkin / TechCrunch: |
On the a16z podcast, Bryan Kim said a16z backed Cluely because speed in marketing and building beats crafting a perfect “artisan” product due to AI competition — When Cluely, a startup claiming to be building a product that helps people “cheat” on everything … | Alex Konrad / Upstarts Media: |
Sources: Applied Compute, a pre-launch reinforcement learning startup founded by three former OpenAI staffers, raised $20M at a $100M valuation led by Benchmark — The pre-launch reinforcement learning startup founded by Rhythm Garg, Linden Li and Yash Patil, is now valued at $100 million … | 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 … | 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 … | Laura Onita / Financial Times: |
UK retailers are building an arsenal of anti-theft tech powered by AI, computer vision, and facial recognition, as organized crime fuels a shoplifting epidemic — Companies are building up an arsenal of antitheft technology as organised crime fuels an epidemic of petty larceny In May and June … | 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 … | 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 …
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