| Mark Gurman / Bloomberg: |
Sources: Ruoming Pang, head of the foundation models team at Apple, is leaving to join Meta, which offered a package worth tens of millions of dollars per year — Ruoming Pang, a distinguished engineer and manager in charge of the company's Apple foundation models team, is departing, according to people with knowledge of the matter.| Reuters: |
Samsung projects Q2 operating profit down 56% YoY to $3.3B, below $4.5B est., due to struggles in its chip business stemming from the US' China export controls — Samsung Electronics (005930.KS) on Tuesday projected a 56% drop in second-quarter operating profit from a year earlier … | Dana Wollman / Bloomberg: |
CoreWeave says it has agreed to acquire bitcoin miner Core Scientific in a ~$9B all-stock deal, set to close in Q4 2025, to expand its AI data center capacity — The transaction values Core Scientific's stock at $20.40 per share, according to a statement from CoreWeave on Monday.| Sean Hollister / The Verge: |
Epic reaches a settlement with Samsung, which it sued over allegedly conspiring with Google to undermine third party app stores — Epic isn't saying what it got out of Samsung. … An “Auto Blocker” feature on Samsung Android phones, which was turned on by default, automatically kept users … | Sarah Perez / TechCrunch: |
In iOS 26 beta 3, Apple dials back the degree of transparency in many UI elements, following user complaints about its new Liquid Glass design language — The iPhone's new glassy look has been toned down with Monday's release of the third developer beta of iOS 26.| Financial Times: |
Sources: OpenAI tightened security, adding biometric checks in offices and isolating sensitive systems, to protect model weights and other IP from espionage — Artificial intelligence group has added fingerprint scans and hired military experts to protect important data| MacKenzie Sigalos / CNBC: |
Jack Dorsey shares TestFlight and GitHub links to his “weekend project”, Bitchat, a decentralized P2P messaging iOS app that relies on Bluetooth mesh networks — Block CEO Jack Dorsey spent the weekend building Bitchat, a new decentralized, peer-to-peer messaging app that works entirely … | Rebecca Szkutak / TechCrunch: |
The data industry is consolidating, with Databricks' $1B Neon purchase, Salesforce's $8B Informatica deal, and more, fueled by the need for quality data for AI — The data industry is on the verge of a drastic transformation. — The market is consolidating.| Ananya Bhattacharya / Rest of World: |
Meta's WhatsApp Pay has struggled to gain traction in India in part due to regulators delaying its full launch as well as minimal product upgrades and marketing — Despite having 500 million users in India, WhatsApp couldn't crack the country's $3 trillion fintech market.| Kate Clark / Bloomberg: |
An open letter signed by 602 founders, VCs, and more urges Sequoia act after Shaun Maguire said Zohran Mamdani “comes from a culture that lies about everything” — Startup executives from Dubai to Cupertino are asking Sequoia to apologize for a partner's post on X| Emanuel Maiberg / 404 Media: |
A look at various responses to AI companies' scraping, including open source Anubis that uses cryptographic JavaScript challenges and Cloudflare's “link mazes” — For someone who says she is fighting AI bot scrapers just in her free time, Xe Iaso seems to be putting up an impressive fight.| Anthony Hughes / Bloomberg: |
Quantum computing company IonQ raised $1B via a sale of stock and warrants to Heights Capital Management, an affiliate of Susquehanna International Group — Shares of IonQ fell 1.4% to $43.79 apiece as of 10:20 a.m. on Monday in New York. The stock has more than doubled from $18 each in early March.| Kevin Breuninger / CNBC: |
Trump announces 25% tariffs on Japan, South Korea, and Malaysia, 32% for Indonesia, 36% for Cambodia and Thailand, 40% for Laos and Myanmar, starting August 1 — At least 14 countries' imports are set to face steep blanket tariffs starting Aug. 1, President Donald Trump revealed Monday.| Sri Muppidi / The Information: |
Document: OpenAI told investors stock compensation jumped over 5x in 2024 to $4.4B, or 119% of its total revenue, but expects it to drop to under 10% by 2030 — OpenAI has signaled it will hike pay for some employees in the wake of a raid by Meta Platforms on its artificial intelligence researchers.
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