| Zoë Schiffer / Wired: |
Source: Mark Zuckerberg has, on 10+ occasions, offered top AI research talent up to $300M over four years, with $100M+ in total compensation for the first year — The Meta CEO is leading a hiring blitz, offering top talent at OpenAI eye-watering pay packages and endless access to cutting-edge chips.| Zoë Schiffer / Wired: |
Sam Altman said in a memo to staff, “missionaries will beat mercenaries” and “I believe there is much, much more upside to OpenAI stock than Meta stock” — “What Meta is doing will, in my opinion, lead to very deep cultural problems,” said CEO Sam Altman in a leaked memo sent to OpenAI researchers.| Jordan Novet / CNBC: |
Figma files for an IPO, plans to trade on the NYSE under FIG, and reports Q1 revenue increased 46% YoY to $228.2M and net income grew from $13.5M to $44.9M YoY — Design software company Figma filed for an IPO on Tuesday, and plans to trade on the New York Stock Exchange under ticker symbol “FIG.”| Kurt Wagner / Bloomberg: |
X will start to publish Community Notes written by AI agents; developers will soon be able to submit their own “fact-checking” AI agents for review — Elon Musk's X will start to publish Community Notes written by artificial intelligence agents, a move to increase the speed … | Bloomberg: |
| Tabby Kinder / Financial Times: |
Sources: Palmer Luckey is preparing to launch Erebor, a US bank backed by Joe Lonsdale and other tech investors to serve startups, including crypto businesses — Start-up named after the dragon's mountain in ‘Lord of the Rings’ — A group of tech billionaires led by Palmer Luckey … | Reuters: |
Sources: Intel is considering ending marketing of its 18A process to new clients and writing off investments, focusing instead on 14A to compete with TSMC — Intel's (INTC.O) new chief executive is exploring a big change to its contract manufacturing business to win major customers … | Steve Lohr / New York Times: |
Computer science programs at Carnegie Mellon and other US universities are rethinking how to incorporate AI into curricula, including a focus on AI literacy — Computer science education will probably focus less on coding and more on computational thinking and A.I. literacy, said Mary Lou Maher … | Danielle Popov / South China Morning Post: |
TikTok launches its e-commerce platform, TikTok Shop, in Japan, marking its 17th market, following launches in the US, the UK, Malaysia, Thailand, and others — TikTok has launched its e-commerce platform in Japan, enabling users to directly buy products featured in videos, as the app continues to face an uncertain future in the US.| Lawrence Abrams / BleepingComputer: |
Qantas discloses a data breach after hackers gained access to a third-party platform with personal data of 6M customers, but says no financial info was exposed — Australian airline Qantas disclosed that it detected a cyberattack on Monday after threat actors gained access to a third-party platform containing customer data.| Bloomberg: |
Nothing unveils the $799 Phone 3, with a 6.7" AMOLED display, Snapdragon 8s Gen 4 chip, three 50MP rear cameras, and the $299 Headphone 1, both shipping July 15 — The five-year-old company, known for its bold designs, unveiled the Phone 3 and a pair of similarly quirky headphones.| SemiAnalysis: |
A deep dive into Oracle's data center strategy and its emergence as an AI computing powerhouse, amid questions about the sustainability of the GPU business — Stargate, OpenAI, ByteDance, Unique Datacenter Strategy, Investment Grade Neocloud, Revenue and EBIT Forecast| Bloomberg: |
Sources: Apple supplier Luxshare is working with Goldman Sachs and others on a Hong Kong IPO that could happen as soon as this year, aiming to raise over $1B — The Shenzhen-listed Apple Inc. supplier is aiming to raise more than $1 billion in a share sale that could take place as soon as this year … | Blake Brittain / Reuters: |
A California jury rules Google is liable in a 2019 class action lawsuit over collecting information from users' devices without permission and must pay $314.6M+ — A jury in San Jose, California, said on Tuesday that Google misused customers' cell phone data and must pay more than $314.6 million … | Wall Street Journal: |
Chinese AI models from DeepSeek and others are becoming more popular worldwide; Sensor Tower: ChatGPT has 910M global downloads compared with DeepSeek's 125M — Chinese AI models are becoming more popular worldwide, testing American superiority — Chinese artificial-intelligence companies … | Bloomberg Law: |
| Jonathan Stempel / Reuters: |
A US judge rules that Huawei must face criminal charges in an indictment alleging racketeering, stealing trade secrets, and bank fraud tied to Iran sanctions — A U.S. judge on Tuesday rejected Huawei Technologies' bid to dismiss most of a federal indictment accusing the Chinese telecommunications company …
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