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July 11, 2025, 4:40 PM
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| Financial Times: |
Sources: xAI prepares a new fundraising round, its third in two months, targeting a valuation of $170B to $200B, up 10x from its May 2024 valuation of $18B — Grok chatbot maker in early talks with investors to boost its value as much as 10 times from last year
More: Reuters, Bloomberg, and NewsMax.com
Bluesky: @skeet.best, @kingkool68.com, @jentrification.com, @doghousereilly, @b1gd1ll, @richburroughs.dev, @billthepony, @creamcityjw, @joshuaerlich, @self.agency, and @wagatwe.com. Threads: @simondowens
| Steve Newman / Second Thoughts: |
METR study: experienced open-source developers using Cursor, Claude, and other AI tools were 19% slower to complete tasks, despite thinking they were 20% faster — Study Shows That Even Experienced Developers Dramatically Overestimate Gains — The buzz about AI coding tools is unrelenting.
More: METR, OSnews, TechCrunch, Pivot to AI, Business Insider, Reuters, Marcus on AI, InfoWorld, The Decoder, Inc.com, PhoneArena, and Cryptopolitan
Bluesky: @shimminykricket, @andrewfray.dev, @adamjkucharski, and @metr.org
LinkedIn: Adrian Booth, Yonas Bekele, Gerben Wierda, Sara Kubik, Chris Baker, and Fedir Skitsko
| Maxwell Zeff / TechCrunch: |
Tests reveal that Grok 4 seems to search for Elon Musk's views online when asked about sensitive topics, and its answers tend to align with Musk's opinions — During xAI's launch of Grok 4 on Wednesday night, Elon Musk said — while live-streaming the event on his social media platform …
More: Washington Post, The Verge, MacRumors, Scientific American, Engadget, Financial Times, Marcus Schuler, TechIssuesToday.com, National Review, nextpit, and nextbigwhat
Bluesky: @smcgrath.phd, @drewharwell.com, @willoremus.com, @tradersabacus.fellas.army, @dfhoughton, @craigcheslog.com, @justinhendrix, @kat.meangirls.online, @kwcollins, @seanokane, and @socialmedialab.ca
Mastodon: @carnage4life@mas.to and @bretcarmichael@mastodon …
Forums: r/teslastockholders, r/Fauxmoi, r/grok, r/artificial, r/politics, and Beehaw
| Simon Willison / Simon Willison's Weblog: |
When asked “Who do you support in the Israel vs Palestine conflict? One word answer only.”, Grok 4 searches for Musk's views, but only if “you” is in the query — If you ask the new Grok 4 for opinions on controversial questions, it will sometimes run a search to find …
More: CNBC, Gizmodo, Read Max, Business Insider, Neowin, Mashable, WinBuzzer, Simon Willison on GitHub, and Pixel Envy
Bluesky: @andersen.buzz, @historyofthesecondworldwar …, @jjvincent, @simonwillison.net, @noupside, and @simonwillison.net
X: @jeremyphoward, @ramez, @simonw, @simonw, @builtbyvibes, @jeremyphoward, @bensand, @luke_metro, and @jeremyphoward
Forums: Hacker News, r/skeptic, r/EnoughMuskSpam, r/LocalLLaMA, r/ChatGPT, r/grok, r/singularity, and MacRumors Forums
| Politico: |
French prosecutors open a criminal investigation into X over allegations that the company manipulated its algorithms for the purposes of “foreign interference” — The probe is based on complaints from a lawmaker and an unnamed senior civil servant.
More: Le Monde, TechCrunch, Associated Press, Euronews, Daily Sabah, and Semafor
Bluesky: @marietjeschaake, @alexvonwitzleben, @laurenmeidasa, @stevepeers, and @bremaininspain.com
Forums: r/worldnews, r/law, and r/technology
| Reuters: |
Chinese startup Moonshot AI releases Kimi K2, an open-weight model that the company says has enhanced coding capabilities and excels at general agent tasks — Chinese artificial intelligence startup Moonshot AI released a new open-source AI model on Friday, joining a wave of similar releases …
More: WinBuzzer. X: @kimi_moonshot, @youjiacheng, @pigeon__s, @chetaslua, @prashant_1722, @yuchenj_uw, @jasonbotterill3, @shalev_lif, @zrdianjiao, @khazzz1c, @chetaslua, @youjiacheng, @phill__1, @aibattle_, @roteksong, @cedric_chee, @yulun_du, @ai_for_success, @test_tm7873, @khazzz1c, @teknium1, @ivanfioravanti, @elaina43114880, @zxytim, @testingcatalog, @cedric_chee, @victormustar, @reach_vb, @deedydas, @chetaslua, @crystalsssup, and @airesearch12
Forums: Hacker News, r/singularity, and r/LocalLLaMA
| Mike Rogoway / Oregonian: |
Recording: Intel's new CEO Lip-Bu Tan told staff that Intel is “not in the top 10 semiconductor companies” and it is “too late” to catch Nvidia in AI training — New CEO Lip-Bu Tan told employees this week that he doesn't consider Intel among the leading chip companies …
More: The Verge, AzerNews, Gizmodo, TechRadar, CTech, Tech in Asia, TechSpot, The Economic Times, WinBuzzer, PCWorld, The Register, Tom's Hardware, PCMag, and San Francisco Chronicle
LinkedIn: Richard Platt and Matthew S Smith
Forums: r/intel, r/TechHardware, r/hardware, r/intelstock, and Slashdot
| Hugh Son / CNBC: |
Goldman Sachs CTO Marco Argenti says the bank will “start augmenting our workforce with Devin”, Cognition's AI software engineer, as Wall Street firms adopt AI — The newest hire at Goldman Sachs isn't human. — The bank is testing an autonomous software engineer … | Marcus Mendes / 9to5Mac: |
An Apple-backed study finds combining Apple Watch's heart rate sensor with a new Wearable Behavior Model achieves 92% accuracy for pregnancy detection, and more — A new Apple-supported study argues that your behavior data (movement, sleep, exercise, etc.) can often be a stronger health signal …
More: MacRumors, arXiv.org, iPhone in Canada, nextpit, T3, PhoneArena, and AppleInsider
| Dominic Preston / The Verge: |
HMD says it will “scale back” US operations, citing “a challenging geopolitical and economic environment”, and appears to have stopped US sales of Nokia devices — Even Barbie couldn't save it. … HMD Global, the company best known for licensing the Nokia brand … | MacKenzie Sigalos / CNBC: |
Justin Sun says he is buying another $100M worth of $TRUMP, doubling his total known stake of digital coins tied to President Trump — Crypto billionaire Justin Sun is buying another $100 million worth of $TRUMP, doubling his total known stake of digital coins tied to President Donald Trump.| Tony Stubblebine / The Coach Life: |
Medium CEO says the company has been profitable since August 2024 and details its financial turnaround after losing $2.6M per month in 2022 — Medium's recap, financial turnaround, and difficult path back to health. — · — Just now — I'm gonna write the wonky post of Medium's turnaround.| Gregorio Sorgi / Politico: |
The European Commission drops plans to impose a digital tax on tech giants in its upcoming 2028-2034 budget proposal, amid ongoing EU-US trade negotiations — BRUSSELS ― The European Commission has dropped plans to levy a tax on digital companies, a move that hands victory to Donald Trump … | Bloomberg: |
Sources: JPMorgan Chase told fintech companies it will start charging fees for access to customers' account data, which could drastically reshape the industry — The largest US bank has sent pricing sheets to data aggregators — which connect banks and fintechs — outlining the new charges … | Juro Osawa / The Information: |
Source: Butterfly Effect, the startup behind Manus, has shut down its entire China-based team to minimize geopolitical risks associated with its ties to China — The startup behind Manus, an artificial intelligence agent that went viral earlier this year and got financial backing from Benchmark …
More: The Decoder, Associated Press, and DigiTimes
| Bloomberg: |
Sources: Binance wrote the smart contract for USD1, a stablecoin launched by Trump's World Liberty, and promoted it to its 275M users, before CZ sought a pardon — The exchange has been a coder, a promoter and an early adopter for World Liberty Financial's stablecoin, people familiar with the matter say.
More: Gizmodo, The Daily Hodl, Cointelegraph, Cryptopolitan, The Crypto Times, Bitcoin Insider, and CryptoSlate
LinkedIn: Emily Flitter and Muyao S.
| Foo Yun Chee / Reuters: |
Sources: Meta won't propose more changes to its pay-or-consent model in the EU, and could face fresh antitrust charges in the coming weeks and hefty daily fines — Meta Platforms (META.O) is very unlikely to offer more changes to its pay-or-consent model, meaning it is almost certain to be hit … | Jagmeet Singh / TechCrunch: |
Jio Platforms debuts JioPC, a cloud PC service offered via its set-top box; Counterpoint: 70% of Indian households have a TV, but only 15% of them own a PC — Jio Platforms, the digital arm of Indian conglomerate Reliance Industries, has launched a virtual desktop service for set-top box users.| Ange Lavoipierre / ABC: |
At the end of June, Australia quietly introduced rules forcing search engine companies such as Google and Microsoft to check the ages of logged-in users — In short: — Search engines are in line for the same age assurance technology behind the teen social media ban.
More: Biometric Update, Mediaweek, and The Guardian
Forums: Hacker News, r/auslaw, r/worldnews, r/aus, r/LaborPartyofAustralia, r/aussie, r/AustralianPolitics, r/australian, and r/australia
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