| Hayden Field / The Verge: |
Google hires Windsurf CEO Varun Mohan, co-founder Douglas Chen, and some of Windsurf's R&D employees to focus on agentic coding efforts at DeepMind — Key researchers from the AI coding startup are also heading to Google. … OpenAI's deal to buy Windsurf is off … | Bloomberg: |
Sources: Google is paying $2.4B for a nonexclusive license to certain Windsurf tech and hire some of its employees, but won't be taking a stake in the company — Google is hiring Windsurf Chief Executive Officer Varun Mohan and co-founder Douglas Chen, along with a small group of staffers … | The Information: |
Sources: OpenAI and Windsurf talks ended after Windsurf raised concerns over how its tech would fit into OpenAI's agreement to share tech with Microsoft — OpenAI's discussions to buy Windsurf, the maker of a popular artificial intelligence coding assistant formerly known as Codeium, have ended.| Allie Garfinkle / Fortune: |
| Financial Times: |
Sources: xAI prepares a new fundraising round, its third in two months, targeting a valuation of $170B to $200B, up 10x from its May 2024 valuation of $18B — Grok chatbot maker in early talks with investors to boost its value as much as 10 times from last year| Maxwell Zeff / TechCrunch: |
Sam Altman announces another delay for OpenAI's open-weight model, for further safety testing; the model was slated to be released next week — OpenAI CEO Sam Altman said Friday the company is delaying the release of its open model, which was already pushed back a month earlier in this summer.| Reuters: |
| Gregorio Sorgi / Politico: |
The European Commission drops plans to impose a digital tax on tech giants in its upcoming 2028-2034 budget proposal, amid ongoing EU-US trade negotiations — BRUSSELS ― The European Commission has dropped plans to levy a tax on digital companies, a move that hands victory to Donald Trump … | Tripp Mickle / New York Times: |
Nvidia's rise after ChatGPT's release is reminiscent of dot-com era titans like Cisco and Juniper; Cisco's share price grew over 1000x between 1990 and 2000 — The A.I. chip maker reached the landmark before Apple and Microsoft, as its value rose more than tenfold after ChatGPT's release in late 2022.| Benj Edwards / Ars Technica: |
Stanford study: LLMs struggle to respond appropriately to questions about delusions, suicide, and OCD, but AI could play valuable supportive roles to therapists — When Stanford University researchers asked ChatGPT whether it would be willing to work closely with someone who had schizophrenia … | Cecilia D'Anastasio / Bloomberg: |
Studios like Do Big are buying Roblox games for $1M+ in a thriving secondary market; Naavik: seven of the 15 highest-earning games in June have been acquired — Game service spawns a busy after market for the most-popular titles … It sold a few months later for more than $3 million.| SemiAnalysis: |
A look at Meta's revamped GenAI strategy, as Mark Zuckerberg poaches top AI talent for the Superintelligence team with a typical offer of $200M over four years — Meta's shocking purchase of 49% of Scale AI at a ~$30B valuation shows that money is of no concern for the $100B annual cashflow ad machine.| Kurt Wagner / Bloomberg: |
Meta has completed a deal to acquire AI voice technology startup PlayAI, and the “entire PlayAI team” is set to join Meta next week, per an internal memo — The “entire PlayAI team” is set to join Meta next week, according to an internal memo that was reviewed by Bloomberg.| Zach Vallese / CNBC: |
A New Hampshire court rejected TikTok's request to dismiss the state AG's suit accusing the company of using manipulative design features aimed at kids — A judge this week rejected TikTok's attempt to dismiss a lawsuit by the state of New Hampshire accusing it of using manipulative design features aimed at children and teens.| Kelcee Griffis / Bloomberg: |
T-Mobile has received FCC and DOJ approval for its $4.4B acquisition of US Cellular, after agreeing to phase out DEI programs to comply with FCC policy — The approval comes after T-Mobile committed to eliminating diversity and inclusion programs to win the favor of the commission.| The Economic Times: |
Analysis: YC picked just four Indian startups in 2024 vs. 66 in 2021, amid a growing trend of startups shifting their parent entities to India for domestic IPOs — Y Combinator's selection of Indian startups has decreased significantly. This decline is attributed to factors …
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| Bloomberg: |
| Ange Lavoipierre / ABC: |
| Tony Stubblebine / The Coach Life: |
| Dominic Preston / The Verge: |
| Politico: |
| Steven Levy / Wired: |
| Steve Newman / Second Thoughts: |
| Marcus Mendes / 9to5Mac: |
| Simon Willison / Simon Willison's Weblog: |