| David McCabe / New York Times: |
Sources: the US DOJ will take the lead in investigating whether Nvidia has violated antitrust laws; the FTC will lead the inquiries into OpenAI and Microsoft — The Justice Department and the Federal Trade Commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry.| Wall Street Journal: |
Source and documents: the US FTC has sent subpoenas to Microsoft and Inflection AI seeking information about how and why they negotiated their partnership — Commission has sent subpoenas to tech giant and startup, asking whether their partnership evaded required government review| Financial Times: |
The US DOJ Assistant AG for Antitrust Jonathan Kanter says he is examining “monopoly choke points and the competitive landscape” in AI, cloud, GPUs, and chips — Jonathan Kanter pushes for ‘meaningful intervention’ over concentration of power in artificial intelligence sector| Kif Leswing / CNBC: |
Nvidia hits a $3T+ market cap, rising over 5% on July 5, and passes Apple at $2.99T as the second most valuable public US company, behind Microsoft at $3.15T — Nvidia passed Apple in market cap on Wednesday as investors continue betting on the chipmaker behind the artificial intelligence boom.| Wes Davis / The Verge: |
Humane tells Ai Pin owners that they should “immediately” stop using the charging case, citing issues with a battery cell that “may pose a fire safety risk” — Humane is telling AI Pin owners today that they should “immediately” stop using the charging case that came with its AI gadget.| Mishaal Rahman / Android Authority: |
In a UK compliance statement, Apple revealed that the iPhone 15 Pro Max will receive security updates for a minimum of five years from September 2023 — Apple will support the latest iPhones for at least five years, less than the seven years guaranteed by Samsung and Google. — • — TL;DR| David Pierce / The Verge: |
Carl Pei says smartphones will be the main AI form factor of the future, but the UX needs to be redefined, and Phone (3) will be Nothing's first true AI phone — Nothing CEO Carl Pei just published a video in which he makes two big claims: that smartphones are in fact the AI gadget of the future … | Emma Roth / The Verge: |
Google will store Maps Timeline data locally on users' devices instead of their Google account starting December 1, after announcing the change in December 2023 — Google Maps is changing the way it handles your location data. Instead of backing up your data to the cloud, Google will soon store it locally on your device.| Jenny Gross / New York Times: |
Several London hospitals face major disruptions after a June 3 ransomware attack on Synnovis, which provides blood transfusion and other services to the NHS — A system used by several major London hospitals was targeted in a ransomware cyberattack, forcing the cancellation of services and the diversion of patients.| Kyle Wiggers / TechCrunch: |
Stability AI releases Stable Audio Open, a text-to-audio model that generates up to 47 seconds of samples and sound effects, prohibited for commercial use — Stability AI, the startup behind the AI-powered art generator Stable Diffusion, has released an open AI model for generating sounds … | Bloomberg: |
ASML's shares jumped 8.1% on July 5 to reach a €377B market cap, passing fashion conglomerate LVMH for the first time; only Novo Nordisk is worth more in Europe — - The shares soared 8.1% amid a broad tech-driven rally — Novo Nordisk is the largest company in Europe by market cap| Aaron Tilley / Wall Street Journal: |
Sources detail how Apple fell behind in the AI race due to its AI team struggling to collaborate with other product teams, lacking computing resources, and more — For those who saw them, the demonstrations inside Apple increase earlier this decade of a revamped Siri offered a showcase … | Kyle Wiggers / TechCrunch: |
Mistral introduces AI model customization options, including an SDK for fine-tuning its models on workstations, servers, and small data center nodes — French AI startup Mistral is introducing new AI model customization options, including paid plans, to let developers and enterprises fine-tune … | Joshua Robertson / TheGamer: |
Ikea plans to hire 10 people to run its virtual Roblox store, including to help pick out furniture and serve meatballs in the Bistro, and will pay £13.50/hour — - Ikea is hiring 10 people to run a virtual store in Roblox, as part of a campaign to show young people the career paths available at the store.| Bloomberg: |
eBay emails customers to say the service will drop American Express cards as a payment option because of “unacceptably high fees”, starting on August 17 — - Online marketplace calls Amex fees ‘unacceptably high’ — Change to take effect Aug. 17; Amex defends its fees| Kurt Wagner / Bloomberg: |
The Greater Memphis Chamber says xAI plans to develop a new facility in Memphis to house a supercomputer and could receive tax breaks and other incentives — - Startup could receive tax breaks and other business incentives — New facility would come on the heels of $6 billion fundraising| Caitlin Ostroff / Wall Street Journal: |
Robinhood plans to acquire crypto exchange Bitstamp for $200M, in a deal expected to close in H1 2025, and says Bitstamp will still operate under its own brand — Move comes a month after SEC notice of a potential lawsuit over the brokerage's crypto offerings| Ellen Huet / Bloomberg: |
A look back at Sam Altman's career, starting as Loopt CEO before moving to YC and founding OpenAI in 2015, as many former allies now view his charm as duplicity — From founding a startup at 19 to running Y Combinator at 29, the CEO behind ChatGPT is the most Silicon Valley man alive.| Andrea Shalal / Reuters: |
Coinbase-backed advocacy group Stand with Crypto passes 1M members after targeting voters in swing states, including ~24K members in Georgia and 16K+ in Arizona — Stand with Crypto, an advocacy organization for voters who own cryptocurrencies, saw its membership surpass 1 million on Wednesday …
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| Sage D. Young / Unchained: |
| Yogita Khatri / The Block: |
| Tom Warren / The Verge: |
| Harry McCracken / Fast Company: |
| Upmanyu Trivedi / Bloomberg: |