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July 11, 2025, 4:40 PM
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Top News

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
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.
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 …
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 …
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.
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 …
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 …
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 …
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 …
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.
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.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:40 PM ET, July 11, 2025.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Ashley Capoot / CNBC:
Disney and OpenAI sign a three-year deal to bring 200+ Disney characters to Sora; Disney will make a $1B investment in OpenAI and become a major OpenAI customer

Sara Guaglione / Digiday:
The Washington Post's new Your Personal Podcast, which offers AI-generated customizable podcasts, was developed under a multiyear agreement with ElevenLabs

Benjamin Mullin / New York Times:
Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

More News

Daryna Antoniuk / The Record:
French media: French police detained Russian professional basketball player Daniil Kasatkin at the US' request due to his alleged links to a ransomware group
Samantha Subin / CNBC:
Intel spins out RealSense, its AI robotics and biometric venture, and RealSense raised a $50M Series A from MediaTek Innovation Fund, Intel Capital, and others

Earlier Picks

Paige Smith / Bloomberg:
Bilt Rewards, which offers rewards points for rent payments, raised $250M led by General Catalyst and GID at a $10.75B valuation, up from $3.1B in January 2024
Adi Robertson / The Verge:
Missouri AG Andrew Bailey is investigating Google, Microsoft, OpenAI, and Meta, claiming the companies' AI chatbots show biased results against President Trump
Jagmeet Singh / TechCrunch:
Sources: AWS plans to launch a marketplace where startups can offer AI agents to AWS customers, with Anthropic as a partner, at the AWS Summit in NYC on July 15
Ben Schoon / 9to5Google:
Belkin says it is ending support for its Wemo smart home products and app on January 31, 2026; four devices will continue to function via HomeKit over Thread
Joe Tidy / BBC:
UK police arrest four people, a 20-year-old woman and three men aged 17 to 19, in connection to the M&S and Co-op hacks that began in mid-April and caused havoc
Gian Volpicelli / Bloomberg:
The EU publishes a voluntary code of practice to help companies follow its AI Act, including requiring developers to provide up-to-date AI feature documentation
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