| Tulsee Doshi / The Keyword: |
Google makes Gemini 2.5 Flash and Pro generally available and introduces 2.5 Flash-Lite, which it says is its most cost-efficient and fastest 2.5 model yet — Gemini 2.5 Flash and Pro are now generally available, and we're introducing 2.5 Flash-Lite, our most cost-efficient and fastest 2.5 model yet.| Steve Kopack / NBC News: |
In a memo to employees, Amazon CEO Andy Jassy says AI “will reduce our total corporate workforce as we get efficiency gains” over time — Amazon CEO Andy Jassy says the retail and tech giant “will need fewer people doing some of the jobs that are being done today.”| CNBC: |
Sources: Meta and EssilorLuxottica plan AI-powered smart glasses under Oakley and Prada brands; they will be aimed at athletes, and the Oakleys may cost ~$360 — Meta and EssilorLuxottica plan to release versions of their AI-powered smart glasses under the Oakley and Prada brands, CNBC has learned.| Blake Brittain / Reuters: |
US appeals court rules in Apple's favor by throwing out a $300M verdict that found it infringed on Optis' wireless tech patents, sending the case to a new trial — Apple (AAPL.O) has convinced a U.S. appeals court to throw out a $300 million verdict by a jury that found … | John Koblin / New York Times: |
Nielsen: in May, Americans watched more TV on streaming than on cable and broadcast networks combined, the first time streaming was king of TV over a full month — In May, more Americans watched television on streaming than on cable and network television combined, Nielsen said.| Nieman Lab: |
| Bloomberg: |
Sources: xAI is in talks to raise $4.3B via an equity investment on top of the $5B in debt it's trying to borrow; of its previously raised $14B, it has $4B left — Elon Musk's artificial intelligence startup xAI is in talks to raise $4.3 billion through an equity investment on top … | David Pierce / The Verge: |
Threads launches a fediverse feed and a way to search for fediverse users, with support for Mastodon and others, for users who turned on fediverse sharing — A dedicated feed, and better search, will make social web content much more visible in Threads.| Andrew J. Hawkins / The Verge: |
Waymo expands its coverage area in San Francisco and LA by 80 square miles each, bringing its total coverage area in California to 250 square miles — The company's robotaxis are now operating across 250 square miles of San Francisco and Los Angeles.| Bloomberg: |
Shanghai-based MiniMax open sources MiniMax-M1, a model for complicated productivity tasks that supports 1M input tokens and it says beats DeepSeek's R1-0528 — Chinese AI upstart MiniMax released a new large language model, joining a slew of domestic peers inspired to surpass DeepSeek in the field of reasoning AI.| Aisha Malik / TechCrunch: |
Facebook renames its Videos tab as the Reels tab and says all videos on its platform will soon be shared as reels, regardless of their length or orientation — Facebook announced on Tuesday that all videos on its platform will soon be shared as reels, regardless of their length or orientation.| Randall Williams / Bloomberg: |
Sports data company Teamworks raised a $235M Series F led by Dragoneer at a $1B+ valuation; its tech is used by 6.5K+ sports teams including all NFL teams — Teamworks has raised $235 million in a new funding round that pushes the value of the sports data company to more than $1 billion.| The Information: |
Sources: OpenAI wants Microsoft to take a ~33% stake in exchange for foregoing future profit rights, and seeks to modify its exclusive cloud deal with Microsoft — Negotiations between Microsoft and OpenAI over the startup's plan to restructure its for-profit unit, which requires Microsoft's approval … | Brody Ford / Bloomberg: |
Salesforce says it will increase prices on many products in August, including Slack; major product lines will see a 6% increase on average — List prices will go up by an average of 6% for major product lines in August, the company said in a statement Tuesday. The cost of the workplace communications tool Slack will also rise.| Mark Mwachiro / Adweek: |
At Cannes, Meta adds AI tools to its Advantage+ suite for advertisers and agencies, including turning images into videos, video highlights, and Virtual Try-On — The new features include the ability to transform still images into video. — With the advertising world congregating this week … | Cameron Faulkner / The Verge: |
Amazon plans to hold Prime Day 2025 from July 8 at 12:01am PT through July 11, lasting four days instead of the usual two and exclusive to Prime subscribers — Prime members will have even longer than usual to score some of the year's best tech deals.| Bob Van Voris / Bloomberg: |
X sues New York, claiming a law requiring social media companies to disclose how they deal with hate speech and disinformation violates the US Constitution — Elon Musk's X Corp. sued the state of New York claiming a law requiring social media companies to disclose how they deal with hate speech … | Jess Weatherbed / The Verge: |
Adobe debuts Firefly for iOS and Android, letting mobile users generate images and videos using text prompts and experiment with popular AI photo editing tools — The iPhone and Android Firefly app can sync AI image and video projects to desktops via Creative Cloud.| Katie Roof / Bloomberg: |
Self-driving simulation software maker Applied Intuition raised $600M co-led by BlackRock and Kleiner Perkins at a $15B valuation, up from $6B in March 2024 — The company raised $600 million from investors as it prepares for an eventual IPO. … The financing, which the company plans to announce Tuesday … | Maxwell Zeff / TechCrunch: |
Anysphere debuts a $200/month Ultra plan for Cursor with 20x more usage on AI models from OpenAI, Anthropic, Google DeepMind, and xAI vs. its $20/month Pro plan — Anysphere launched a new $200-a-month subscription plan for its popular AI coding tool, Cursor, the company announced in a blog post on Monday.| Jez Corden / Windows Central: |
Microsoft and AMD announce a “strategic, multi-year partnership” to design custom silicon for a number of devices, including next-generation Xbox consoles — Xbox President Sarah Bond shared an update on Xbox consoles today, confirming their ongoing partnership with AMD for first-party hardware … | Marina Temkin / TechCrunch: |
AI-powered virtual physical therapy startup Sword Health raised $40M led by General Catalyst at a $4B valuation, up from its $3B valuation from June 2024 — Sword Health, an AI-powered digital health startup, has raised $40 million at a $4 billion valuation, a 33% jump from the $3 billion price tag it earned just a year ago.| Mike Rogoway / Oregonian: |
Memo: Intel's manufacturing VP says Intel plans to cut 15%-20% of factory staff from July “to meet our affordability challenges and current financial position” — Intel plans to lay off up to a fifth of its factory workers, an enormous cutback that will have a profound effect on one of the chipmaker's core businesses.| Financial Times: |
German defense tech startup Helsing raised €600M led by Daniel Ek's Prima Materia, sources say at a ~€12B valuation, bringing its total funding to €1.37B — Defence start-up valued at €12bn to become one of Europe's most valuable tech groups
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