| Jeff Horwitz / Reuters: |
Docs: Meta projected in December 2024 that 10.1% of its 2024 revenue, or $16B, came from ads for scams and banned goods, including ~$7B from “higher risk” ads — Meta projected 10% of its 2024 revenue would come from ads for scams and banned goods, documents seen by Reuters show.| Jason Schreier / Bloomberg: |
Rockstar says it fired dozens of employees last week for “distributing and discussing confidential information in a public forum”, disputing union allegations — Rockstar Games terminated more than 30 people last week in an action that a labor group called “union-busting.”| Sebastian Herrera / Wall Street Journal: |
Microsoft AI CEO Mustafa Suleyman lays out the company's plans to develop AI self-sufficiency from OpenAI, like releasing its own voice, image, and text models — Tech giant forms team led by AI chief Mustafa Suleyman to build top artificial-intelligence systems and distance itself from longtime partner| Berber Jin / Wall Street Journal: |
OpenAI CFO Sarah Friar says an “IPO is not on the cards right now”, and that OpenAI hopes the US government will “backstop” financing of its data center deals — Sarah Friar says the AI giant could reach break-even quickly and would like government backstop on data-center investments| Sharon Goldman / Fortune: |
| Financial Times: |
Jensen Huang warns “China is going to win the AI race”, after the US kept a ban on advanced AI chip sales to China, and says the West is held back by “cynicism” — CEO criticises western ‘cynicism’ while Beijing loosens regulations and cuts energy costs for data centres| Mark Gurman / Bloomberg: |
Sources: Apple is finalizing a deal to pay Google ~$1B per year for a 1.2T-parameter Gemini model to help power the new Siri, which is on track for next spring — Apple Inc. is planning to pay about $1 billion a year for an ultrapowerful 1.2 trillion parameter artificial intelligence model developed … | Sky News: |
Investigation: X amplifies right-wing and extreme political content in the UK, as Elon Musk endorses fringe right-wing politicians and encourages nationalism — “Elon Musk is a great leader,” says Amy, a British woman outside the Britannia Hotel in London at an anti-immigration rally in August.| Karissa Bell / Engadget: |
Foursquare founder Dennis Crowley's new startup Hopscotch Labs releases BeeBot, which combines AI, audio, and location-based social features, on the App Store — BeeBot is an “app for AirPods” that combines AI, audio and location-based social features. — Foursquare founder Dennis Crowley … | Ben Thompson / Stratechery: |
The AI boom is driving coordinated innovation in the US as it builds fabs and energy infrastructure that could have lasting value even if the bubble bursts — It's funny to remember that a decade ago there were enough people convinced we were in a bubble that I felt compelled to write … | Abner Li / 9to5Google: |
Google says Gemini Deep Research can now directly draw on information stored in users' Gmail emails, Drive files, and Chat conversations to generate reports — After adding PDF support in May, Gemini Deep Research can now directly tap information stored in your Gmail and Google Chat conversations, as well as Google Drive files.| CNBC: |
Google says Ironwood, its seventh-gen TPU, will launch in the coming weeks and is more than 4x faster than its sixth-gen TPU; it comes in a 9,216-chip config — Google is making its most powerful chip yet widely available, the search giant's latest effort to try and win business … | Julian Chokkattu / Wired: |
Sandbar unveils the $249+ Stream Ring, an AI-powered smart ring for transcribing audio notes into text via an app, available to preorder, shipping summer 2026 — A new company called Sandbar has unveiled a smart wearable called Stream Ring, which uses a microphone to record your softly spoken thoughts.| Ben Bergman / Business Insider: |
Source: Google is in early talks to deepen its strategic investment in Anthropic that could value the AI company at more than $350B — - The talks come as Anthropic and its main rival, OpenAI, are in a multitrillion-dollar race to dominate AI. — Big Tech companies are taking sides … | Kirsty Needham / Reuters: |
Sources and documents: Google plans to build an AI data center on Australia's remote Christmas Island after signing a cloud deal with its DOD earlier in 2025 — - Plans come after Google, Australian Department of Defence sign cloud deal — Christmas Island increasingly featuring in regional war game scenarios| New York Times: |
The Chan Zuckerberg Initiative restructures to focus on AI and science, led by Biohub research centers, and acquires AI startup Evolutionary Scale's team — The Chan Zuckerberg Initiative said its restructured organization, Biohub, would lead its focus on artificial intelligence and scientific research.| Annie Palmer / CNBC: |
Senators Mark Warner and Josh Hawley unveil a bipartisan bill that would require companies and US agencies to submit quarterly reports on AI-related job impacts — A new bipartisan bill seeks to provide a “clear picture” of how artificial intelligence is affecting the American workforce.| Russell Brandom / TechCrunch: |
Inception, which is building diffusion-based AI models for code and text, raised a $50M seed led by Menlo and releases an update to its Mercury coding model — With so much money flooding into AI startups, it's a good time to be an AI researcher with an idea to test out.| Kate O'Keeffe / Bloomberg: |
Sources, public records, and documents detail TuSimple's downfall, after it transferred autonomous driving IP to Chinese partners despite a 2022 CFIUS agreement — American officials thought they'd secured a deal with TuSimple to protect autonomous-driving technology. It didn't work.| Thomas Claburn / The Register: |
Sony unveils the Fair Human-Centric Image Benchmark dataset to test the fairness of computer vision models, saying it was compiled in a fair and ethical manner — Images in the test dataset were all sourced with consent — AI models are filled to the brim with bias … | Sarah Jacob / Bloomberg: |
Nexperia says it suspended wafer supplies to its China factory because the local unit refused to make payments and has ignored global management's instructions — Nexperia suspended supplies to its China factory because the local unit refused to make payments, laying bare the internal discord at the heart of a global chip crisis.| Russell Brandom / TechCrunch: |
Microsoft built a simulated marketplace to test hundreds of AI agents, finding that businesses could manipulate agents into buying their products and more — On Wednesday, researchers at Microsoft released a new simulation environment designed to test AI agents, along with new research showing … | Samantha Subin / CNBC: |
Duolingo stock falls 25%+ after saying it expects bookings to range between $329.5M and $335.5M this quarter, falling short of a $344.3M estimate — Duolingo's stock cratered 27% on lighter-than-expected guidance as the language learning platform zeroed in on user growth in lieu of near-term monetization.| Krystal Hu / Reuters: |
| Ike Swetlitz / Bloomberg: |
Synchron, whose brain implant is inserted through the circulatory system, avoiding invasive brain surgery, raised a $200M Series D at a nearly $1B valuation — Synchron Inc. raised $200 million to advance its work building brain implants that doctors can insert through blood vessels … | Duncan Riley / SiliconANGLE: |
Truffle Security, whose open source tool detects, verifies, and remediates leaked secrets such as API keys, raised a $25M Series A led by Intel Capital and a16z — Open-source security software company Truffle Security Co. announced today that it has raised $25 million in new funding … | Julie Bort / TechCrunch: |
Fomo, a consumer crypto trading app, raised a $17M Series A led by Benchmark, bringing its total funding to $19M, and reports $20M-$40M in daily trading volume — Paul Erlanger and Se Yong Park, co-founders of consumer crypto trading app Fomo, took an unusual route to raising capital that is paying off for them.| Kate Duffy / Bloomberg: |
British Airways owner IAG signs a deal with SpaceX's Starlink for Wi-Fi across all five carriers in the airline group, making it available in 500+ aircraft — British Airways owner IAG SA inked a deal with SpaceX's Starlink for inflight Wi-Fi across all five carriers in the airline group.| Bloomberg: |
Sources: SoftBank explored a potential takeover of Marvell earlier this year to merge it with Arm, in what would have been the chip industry's largest-ever deal — SoftBank Group Corp. explored a potential takeover of US chipmaker Marvell Technology Inc. earlier this year … | Kate Clark / Bloomberg: |
Sources: Sequoia's Pat Grady and Alfred Lin plan to deepen the firm's AI focus and reframe its image as less politically partisan, after Roelof Botha's exit — Sequoia Capital's new co-stewards, Pat Grady and Alfred Lin, plan to deepen the venture capital firm's focus on the artificial intelligence sector …
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