| Bloomberg: |
President Trump signs the GENIUS Act, and says the first federal bill to regulate stablecoins will “secure the dollar's status as the world's reserve currency” — President Donald Trump signed the first federal bill to regulate stablecoins, hailing it as a “giant step … | Eugene Kim / Business Insider: |
Ring reinstated its mission to “make neighborhoods safer” and reintroduced video sharing with police in April, as its founder led an overhaul since his return — - Ring founder Jamie Siminoff has led a broad overhaul of the company since his return in April.| Stephen Nellis / Reuters: |
Microsoft says it will no longer use China-based engineers to provide technical support to the US military, after a ProPublica report raised security concerns — Microsoft (MSFT.O) on Friday said it will stop using China-based engineers to provide technical assistance to the U.S. military … | Shirin Ghaffary / Bloomberg: |
Acquihire deals like Google's Windsurf deal are a wake-up call for AI startup employees left behind, creating new uncertainty over leadership and compensation — Big Tech's growing reliance on licensing deals to scoop up top talent from AI startups risks leaving many rank-and-file workers in limbo.| Gian Volpicelli / Bloomberg: |
Joel Kaplan says Meta won't sign EU's AI code of practice, calling its guidelines overreach that will throttle development and deployment of AI models in Europe — Meta Platforms Inc. said it won't sign the code of practice for Europe's new set of laws governing artificial intelligence … | Sabrina Ortiz / ZDNET: |
Adobe updates its Firefly video model and adds a beta Generate Sound Effects tool that can create custom sounds from text prompts and the user's voice — Just a year and a half ago, the latest and greatest of Adobe's Firefly generative AI offerings involved producing high-quality images … | Ari Levy / CNBC: |
S&P Global says Block will join the S&P 500 on July 23, after announcing Monday that ad tech firm The Trade Desk will also be added; XYZ jumps 9%+ after hours — Block shares jumped more than 10% in extended trading on Friday, as the fintech company get set to join the S&P 500, replacing Hess.| Larry Neumeister / Associated Press: |
Clothing inventory monetization startup CaaStle's ex-CEO Christine Hunsicker is charged with defrauding investors of more than $300M over the past six years — A former chief executive of two clothing technology companies who was once portrayed as an on-the-rise fashion entrepreneur … | Kasha Patel / Washington Post: |
Google researchers say Android's early-warning system detected and issued alerts for 1,200+ earthquakes since 2021, sometimes giving up to 15-60 seconds' notice — An early-warning system on Android phones has detected more than 1,000 earthquakes worldwide since 2021, sometimes giving people 15 … | Wall Street Journal: |
Sources: Mark Zuckerberg has offered 10+ OpenAI researchers packages of $300M over four years, and asked OpenAI's Mark Chen if he would consider joining Meta — The cutthroat recruitment efforts to land the smartest minds in Silicon Valley have hit a feverish new peak in recent days| Bloomberg: |
Sources: at least six of China's biggest VC firms are targeting a combined $2B in new USD-denominated funds to allow overseas investment in Chinese startups — China's largest venture capital houses are tapping the market for at least $2 billion in new funds, re-engaging with the country's startups … | Ivan Levingston / Financial Times: |
Sources: Vy Capital, which has ~$15B of AUM and is a top backer of Elon Musk's companies, told external investors that it will not raise further outside money — Secretive tech investment group has racked up gains after backing companies such as SpaceX and xAI| Reuters: |
Source: Blackstone has withdrawn from the consortium led by Susquehanna and General Atlantic seeking to invest in TikTok US, after considering a minority stake — Private equity giant Blackstone has withdrawn from a consortium seeking to invest in TikTok's U.S. operations, a source familiar with the matter told Reuters on Friday.| Eleanor Hawkins / Axios: |
Source: the CEO and the chief people officer of Astronomer were put on leave after a video of them cuddling on a kiss cam at a Coldplay concert went viral — Astronomer — the software company that made headlines after a video of its CEO Andy Byron and chief people officer Kristin Cabot canoodling …
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| Jessica Lyons / The Register: |
| Dina Bass / Bloomberg: |
| Zac Bowden / Windows Central: |
| Sidhartha Shukla / Bloomberg: |
| Osmond Chia / BBC: |
| Eric Slivka / MacRumors: |
| Hayden Field / The Verge: |
| Tom Hals / Reuters: |