| Annie Palmer / CNBC: |
The FTC and 22 state AGs sue Amazon, alleging it overcharged advertisers over $20B since 2019 via hidden surcharges, with costs largely passed on to consumers — The Federal Trade Commission on Monday sued Amazon, alleging the e-commerce giant “secretly and systematically overcharged” … | About Amazon: |
Amazon says the FTC's complaint over Sponsored Ads cites no evidence of consumer price increases or advertiser harm, and misunderstands how advertisers operate — The FTC today filed a misguided lawsuit claiming Amazon misled advertisers about its Sponsored Ads pricing and auction.| Mark Gurman / Bloomberg: |
Sources: Phil Schiller stepped down from his role leading the App Store and product events; he will remain at Apple to work on unspecified initiatives — Apple Inc.'s Phil Schiller, one of the most visible and influential executives across both the Steve Jobs and Tim Cook eras … | Chance Miller / 9to5Mac: |
On his last day as CEO, Tim Cook pens an emotional memo reflecting on his time at Apple and says he takes “enormous comfort” in handing the helm to John Ternus — Today is Tim Cook's last day as Apple CEO, with John Ternus set to take over tomorrow.| Cheyanne M. Daniels / Politico: |
Trump says communities that reject data centers will end up “backwards and poor” and that “China could not be happier with this anti Data Center movement” — President Donald Trump on Monday again championed the spread of data centers despite growing bipartisan backlash ahead of the midterms in November.| Chance Miller / 9to5Mac: |
Filing: Apple claims a former iPhone engineer used a confidential Apple circuit schematic in his work at OpenAI, evidence is being destroyed, and more — Apple has filed a new document in its ongoing lawsuit against OpenAI as it continues to push for expedited discovery.| Kirsten Korosec / TechCrunch: |
The Pentagon launches ChatGPT Mil and Grok for Government on its GenAI.mil platform, giving its 3M personnel access to AI tools “tailored to warfighter needs” — The Pentagon has launched versions of OpenAI's ChatGPT and xAI's Grok, giving 3 million civilian and military personnel access … | Bloomberg: |
Nvidia plans to invest $3.5B into MediaTek through convertible bonds; MediaTek forecasts AI chip revenue of about $2B this year — Nvidia Corp. is investing $3.5 billion into MediaTek Inc., deepening collaboration with the Taiwanese chipmaker at a time when it's working to persuade … | Ashley Capoot / CNBC: |
OpenAI says its ad business has hit $1B in annualized revenue run rate and is expanding globally, as it touts its “diversified business model” ahead of an IPO — OpenAI on Monday announced that its advertising business has hit $1 billion in annualized revenue run rate … | Amanda L. Gordon / Bloomberg: |
Sources: Polymarket will raise $1B led by 1789 Capital at a $21B post-money valuation; Donald Trump Jr. is a partner at 1789 and adviser to Polymarket — Venture capital firm 1789 Capital is leading a new funding round for Polymarket that will give the prediction-markets platform a $21 billion post-money valuation.| Joe Rossignol / MacRumors: |
MapQuest becomes the top free iPhone app on the App Store in Canada and fourth on the US App Store after refusing to change Lake Ontario to Lake America — MapQuest is in the spotlight this week after refusing to change “Lake Ontario” to “Lake America” on its map following an executive order issued … | Kris Holt / Engadget: |
Sony launches Live TV on PS5 in the US, letting users stream 100+ free, ad-supported TV channels with content from Amazon MGM Studios, Crunchyroll, and more — Ad-supported streaming channels are hitting Sony's console in the US today. — PlayStation 5 owners in the US will be able to stream free … | Lucinda Shen / Axios: |
Sources: AI sales and marketing startup Clay is raising a round led by Wellington at a $7B pre-money valuation, up from $5B via an employee tender in January — Clay, an AI startup for sales and marketing teams, is raising new money led by Wellington at a $7 billion pre-money valuation, Axios has learned.| Gian Volpicelli / Bloomberg: |
The EU designates ChatGPT as a very large online search engine, and Reddit and Roblox as very large online platforms after each hit 45M monthly users in the EU — ChatGPT, Reddit Inc. and video game company Roblox Corp. will face stricter European Union scrutiny after surpassing a threshold of 45 million monthly users in the bloc.| Anthropic: |
Anthropic details security efforts following Claude cyber evaluation incidents, including a weeks-long pause on higher-risk RL and work to curb reward hacking — On July 30, we reported three incidents in which Claude models gained unauthorized access to real computer systems.| Anissa Gardizy / Wall Street Journal: |
Sources: Anthropic has signed a $35B cloud deal with Nvidia-backed Lambda; Nvidia will hold the lease on and supply chips to a Texas data center built by Hut 8 — Nvidia will supply chips to Texas data center and hold the lease, another example of the company using its financial might to boost a customer| Alex Konrad / Upstarts Media: |
AI startup Mirage streamed a 24-hour “live” AI news show on X on August 11, which cost ~$50K in tokens, featuring realistic avatars that struggled to converse — Inside the good, the bad, and the ugly of a 24-hour live AI broadcast experiment by video startup Mirage.| Ryan Gillespie / Orlando Sentinel: |
Florida says it is revoking permits for Flock cameras and similar license-plate readers on state roads and no longer intends to issue such permits — Florida is revoking permits for Flock cameras and similar license-plate readers on state roads, dealing a blow to local law enforcement agencies …
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.| Fox News: |
The Trump administration launches Project Watershed 250, a six-month cybersecurity pilot to protect Texas water systems from cyberattacks — FIRST ON FOX: The Trump administration is launching “Project Watershed 250” Monday, Fox News Digital exclusively learned, deploying American artificial intelligence … | Bloomberg: |
Sources: Hyperliquid is in talks to enter the US market through Kraken parent Payward, weeks after Trump said he was working to bring the platform onshore — Hyperliquid Labs is in advanced talks to bring its perpetual futures to US traders through Kraken's parent company Payward … | Karissa Bell / Engadget: |
Instagram says it will reduce the reach of accounts featuring AI-generated personas if they don't use a new “AI-generated profile” label — The app isn't cracking down on other kinds of AI slop, though. — Instagram is changing its rules for profiles that feature AI-generated personas.
Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Most carriers track everything. Cape doesn't. — Unlimited talk, text & data, 24-hr metadata deletion, network ID rotation, SIM-attack defense, and more. Switch today and get 29% off for life.
Introducing Zoho MCP for Zoho People: Turn conversations into HR actions — It's Monday morning. You start your day by reviewing leave requests that came in over the weekend. A new hire needs help completing …
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
| Niko Gallogly / New York Times: |
| Brian Schwartz / Wall Street Journal: |
| Ethan Mollick / One Useful Thing: |
| Simon Goodley / The Guardian: |
| Hannes Rudolph / OpenClaw Blog: |
| Charlotte Yang / Bloomberg: |