| The Information: |
Sources: Anthropic's financial performance has prompted some investors to indicate interest in funding the company at a valuation of $100B+ if it pursues a deal — As Anthropic's sale of artificial intelligence has surged, the company has told investors some of its profit-related metrics … | Natasha Mascarenhas / The Information: |
| Associated Press: |
The trial for an $8B lawsuit by Meta investors against Mark Zuckerberg and other leaders opens over claims tied to the 2018 Cambridge Analytica privacy scandal — An $8 billion class action investors' lawsuit against Meta CEO Mark Zuckerberg and company leaders — current and former … | Bloomberg: |
Scale AI says it is laying off 200 full-time employees, or ~14% of its global workforce, and will stop working with 500 contractors, after Meta invested $14.3B — The AI data-labeling company is laying off 200 full-time employees and will stop working with 500 contractors.| Aisha Malik / TechCrunch: |
Google Search's AI Mode gets Gemini 2.5 Pro and new deep research capabilities; Google expands its AI-powered business calling feature to all users in the US — Google is rolling out an agentic AI-powered business-calling feature to all users in the United States, the company announced on Wednesday.| Reuters: |
Voting in the US House on whether to open debate on several cryptocurrency bills bogged down on Wednesday, a day after Trump intervened to save the initiative — Voting in the U.S. House of Representatives on whether to open debate on several cryptocurrency bills bogged down on Wednesday … | Chris Welch / Bloomberg: |
Google announces a Pixel event for August 20 in NYC, with the Pixel 10, Pixel 10 Pro, Pixel 10 Pro XL, Pixel 10 Pro Fold, and the 4th-gen Pixel Watch expected — Alphabet Inc.'s Google will debut new Pixel-branded hardware at an event on Aug. 20 in New York, with the lineup expected … | Jonathan Greig / The Record: |
Google says threat actors are stealing sensitive data from organizations by targeting fully patched, end-of-life appliances from cybersecurity company SonicWall — Threat actors are stealing sensitive data from organizations by breaching end-of-life appliances made by cybersecurity company SonicWall.| Daniel Kuhn / The Block: |
In response to a March FOIA request, the US Marshals Service said it held over 28,988 BTC, worth ~$3.4B at current prices, far fewer than previously believed — - The U.S. Marshals Service reportedly holds slightly over 28,988 BTC, worth about $3.4 billion, as of March … | Will Knight / Wired: |
Reflection, co-founded by ex-Google researchers, unveils Asimov, an AI agent that reads a company's codebase, docs, and more to help software engineering teams — The mission? Teaching models to better understand how to build code will lead to superintelligent AI.| Rachyl Jones / Semafor: |
AWS rolls out Amazon Bedrock AgentCore in preview to help businesses deploy and operate AI agents that analyze internal data, write code, and handle other tasks — Amazon Web Services on Wednesday launched a platform to help businesses build a web of connected AI agents to analyze internal data … | Shaurya Malwa / CoinDesk: |
Crypto exchange BigONE confirms a $27M hack from a hot wallet exploit, plans to pay back users and is working with security firm SlowMist to trace stolen assets — BigONE is working with blockchain security firm SlowMist to track the stolen assets, with fund tracing already underway across Bitcoin … | Matt Day / Bloomberg: |
Microsoft's Copilot struggles to make headway against other AI assistants; Sensor Tower: Copilot's mobile app has ~79M downloads vs. ChatGPT's 900M+ downloads — Tyson Jominy routinely summons Microsoft Corp.'s AI assistant by tapping the Copilot key on his computer. Not because he means to.| Irina Ivanova / Fortune: |
Delta plans for 20% of its fares to be individually determined using AI by the end of 2025, up from 3% now, with the goal of eliminating static pricing entirely — Each passenger has their specific price, and AI is helping Delta find it. — Delta has a long-term strategy to boost … | Jordan Robertson / Bloomberg: |
Europol and Eurojust disrupt pro-Russian hacktivist group NoName057(16) that has claimed responsibility for 1,000+ DDoS attacks since 2022, and make two arrests — Aramco's VC Arm Backs Record AI Funding Round for Saudi Startup — Get the Tech In Depth newsletter.| Nathan Owens / Manufacturing Dive: |
Filing: Intel is laying off 5,000+ employees across California, Oregon, Texas, and Arizona; California cuts affect 1,935, more than double the initial estimates — The chipmaker more than doubled its anticipated job cuts in California, adding to its overall downsizing across four states.| Sarah Perez / TechCrunch: |
Multi-service messaging app Beeper relaunches, introducing premium offerings and the option to switch to an on-device model; Automattic acquired Beeper in 2024 — Multi-service messaging app Beeper, which allows people to connect to all their chat apps from one interface … | Jordan Novet / CNBC: |
OpenAI says it will use the Google Cloud Platform for ChatGPT and its API, adding it to a list of suppliers that also includes Microsoft, CoreWeave, and Oracle — OpenAI said Wednesday that it expects to use Google's cloud infrastructure for its popular ChatGPT artificial intelligence assistant.| Molly Schuetz / Bloomberg: |
HPE makes several business changes, including forming a strategy committee and appointing a new board member, as it agrees to work with Elliott to boost value — Hewlett Packard Enterprise Co. announced several business changes, including the formation of a new strategy committee … | Eleanor Olcott / Financial Times: |
In Beijing, Jensen Huang says Nvidia will “accelerate the recovery” of its China chip sales and he expects its US export licenses “to come through very shortly” — Jensen Huang tells Beijing press conference it takes nine months to restart supply chain| New York Times: |
| Jagmeet Singh / TechCrunch: |
Bengaluru-based QpiAI, which is integrating AI and quantum computing for enterprise use cases, raised a $32M Series A at a $162M post-money valuation — QpiAI, an Indian startup that claims to integrate AI and quantum computing for enterprise use cases, has raised $32 million … | Lane Florsheim / Wall Street Journal: |
A look at Neon Coat, an app that offers models and influencers free restaurant meals, fitness classes, and other experiences in exchange for social media posts — While regular-looking people fiercely compete for tables on Resy and OpenTable, models and influencers say they can easily book entire days … | Moneycontrol: |
Perplexity is offering a free one-year Perplexity Pro subscription, normally $20/month, to 360M users of Bharti Airtel, India's second-largest telecom operator — Perplexity, which seeks to disrupt Google's flagship search engine, has seen growing adoption of its service in India in recent years| Mauro Orru / Wall Street Journal: |
ASML CEO Christophe Fouquet says “while we still prepare for growth in 2026, we cannot confirm it”, after Trump threatened 30% tariffs on the EU; ASML falls 11% — Statement from Dutch chip-making equipment supplier comes days after Trump's 30% levy threat against the EU| Financial Times: |
Sources: the European Commission has stalled one of its X investigations for breaking its digital transparency rules, as it negotiates a trade deal with the US — EU was expected to finalise its investigation before the bloc's summer recess but will now miss this deadline
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| Leo Schwartz / Fortune: |
| Casey Newton / Platformer: |
| Kirsten Korosec / TechCrunch: |
| Isabelle Bousquette / Wall Street Journal: |
| Zac Bowden / Windows Central: |
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| Joseph Menn / Washington Post: |
| Ichiro Lambe / Totally Human Media: |
| Meaghan Tobin / New York Times: |
| IDC: |
| Jonathan Greig / The Record: |