| Nikkei Asia: |
TSMC CEO C.C. Wei says the company is speeding up construction of its second and third Arizona plants “by several quarters” to meet chip demand from US clients — TOKYO — Taiwan Semiconductor Manufacturing Co. says it is speeding up construction of its second and third plants in Arizona … | Debby Wu / Bloomberg: |
TSMC reports Q2 net income up 61% YoY to ~$13.5B, beating est. every quarter since 2021, and raises its 2025 sales growth guidance in USD from mid-20% to 30% — Taiwan Semiconductor Manufacturing Co. raised its outlook for 2025 revenue growth, shoring up investors' confidence in the momentum of the global AI spending spree.| Tom Hals / Reuters: |
Meta shareholders suing Mark Zuckerberg and Meta leaders over Facebook's Cambridge Analytica privacy violations reach a settlement deal, ending an $8B trial — Mark Zuckerberg and current and former directors and officers of Meta Platforms (META.O) agreed on Thursday to settle claims seeking $8 billion … | Reuters: |
The US House votes to advance three crypto bills following over nine hours of private talks on July 16, a day after President Trump intervened to save the bills — The Republican-controlled U.S. House of Representatives cleared key procedural hurdles on crypto legislation on Wednesday … | Jonathan Greig / The Record: |
Google says threat actors are breaching fully patched, end-of-life cybersecurity company SonicWall's appliances and stealing sensitive data from organizations — Threat actors are stealing sensitive data from organizations by breaching end-of-life appliances made by cybersecurity company SonicWall.| Sarah Perez / TechCrunch: |
Jack Dorsey invests $10M in “and Other Stuff”, a nonprofit focused on funding open-source projects and tools built on open protocols like Nostr and ActivityPub — Twitter co-founder and Block CEO Jack Dorsey isn't just vibe-coding new social apps, like Bitchat and Sun Day … | Jay Peters / The Verge: |
Roblox taps Persona to estimate users' ages and verify they are 13+, renames Friends to Connections, and says only users over 13 can message Trusted Connections — Teens will have to prove they are older than 13 to make ‘Trusted Connections’ they can chat more freely with.| Parmy Olson / Bloomberg: |
Big Tech's acquihires of AI startups, like Meta's $14.3B Scale AI deal, leaves investors with modest or no returns and may further entrench Big Tech's dominance — Meta and Google's AI talent grab may lead to more sustainable tech companies. — If you're a venture capitalist … | Jake Rudnitsky / Bloomberg: |
Swedish AI coding startup Lovable raised a $200M Series A led by Accel at a $1.8B valuation, making it Europe's newest unicorn; Lovable was founded in 2023 — Lovable, a Swedish artificial intelligence startup that streamlines software development, raised a $200 million fundraising round, making it Europe's newest unicorn.| Wall Street Journal: |
Sources: some Trump administration officials are holding up finalizing a deal for the UAE to buy Nvidia AI chips over concerns that China could access the chips — Some administration officials worry China could get access to advanced Nvidia chips and are holding up efforts to iron out the agreement| Sarah Perez / TechCrunch: |
Spotify expands audiobook access to family plan members with new plans, including Audiobooks+, offering more listening hours, in the UK and 10+ countries — Spotify on Thursday announced an expansion of its premium audiobooks service, with two new plans that offer additional listening hours to subscribers … | Irina Ivanova / Fortune: |
Delta plans for 20% of its fares to be individually determined using AI by the end of 2025, up from ~3% now, and has a goal to eliminate static pricing entirely — Each passenger has their specific price, and AI is helping Delta find it. — Delta has a long-term strategy to boost … | Andrew J. Hawkins / The Verge: |
Uber plans to make “multi-hundred-million dollar investments” in Nuro and Lucid and aims to deploy “20,000 or more” robotaxis in the US over the next six years — The companies plan to launch 20,000 robotaxis in the US over the next six years, starting with the first city in 2026.| Daniel Kuhn / The Block: |
In response to a FOIA request, the US Marshals Service said it held 28,988+ BTC as of March, worth ~$3.4B at current prices, far fewer than previously believed — - The U.S. Marshals Service reportedly holds slightly over 28,988 BTC, worth about $3.4 billion, as of March … | Financial Times: |
Sources: the European Commission has stalled its investigation into X for breaking its digital transparency rules, while it negotiates a trade deal with the US — EU was expected to finalise its investigation before the bloc's summer recess but will now miss this deadline| Sarah Perez / TechCrunch: |
Multi-service messaging app Beeper relaunches, introducing a $10/month plan and the option to switch to an on-device model; Automattic acquired Beeper in 2024 — Multi-service messaging app Beeper, which allows people to connect to all their chat apps from one interface … | Tripp Mickle / New York Times: |
Sources: in a Trump meeting last week, Jensen Huang argued US chips should be the global standard and was backed by David Sacks, who disliked Biden's chip rules — With help from a longtime Silicon Valley investor turned White House insider, Mr. Huang got the administration to reverse course on restrictions.| New York Times: |
Substack raised a $100M Series C from Chernin Group, a16z, and others, sources say at a $1.1B valuation, as it builds its social network and warms up to ads — Substack, originally a newsletter service, says its app now has millions of users interacting with its creators.| Wall Street Journal: |
Samsung Electronics Chair Jay Y. Lee wins a full reprieve from South Korea's Supreme Court in a protracted fight over fraud and stock manipulation allegations — South Korea's Supreme Court upholds acquittal for Lee Jae-Yong at a sensitive moment for the tech conglomerate| Steven Zeitchik / The Hollywood Reporter: |
AI is already transforming Hollywood, as studios and production companies experiment with AI tools and labor groups warn of job losses and other consequences — The technology is already transforming the industry — and could forever change the entertainment we consume. But the battle to contain it has just begun.| Matt Day / Bloomberg: |
Amazon's 2024 sustainability report says Amazon emitted 68.25M metric tons of carbon dioxide equivalent, up 6% from 2023 and the first increase in three years — Amazon.com Inc.'s carbon emissions rose for the first time in three years in 2024, driven by data center construction and fuel consumption by its delivery providers.| Colin Demarest / Axios: |
Firestorm Labs, which has contracts with the US DOD for its 3D printed drones, raised a $47M Series A and plans to grow its fleet of airliftable xCell factories — Firestorm Labs plans to move into a larger production facility, grow its fleet of airliftable xCell factories and cook … | Li Yuan / New York Times: |
Chinese game Revenge on Gold Diggers, one of the most popular and contentious video games in the country, sparks a debate over misogyny and male resentment — A popular and contentious game, Revenge on Gold Diggers, sheds light on misogyny, inequality and the feeling among many men that they are economic victims.| Sanne Wass / Bloomberg: |
The Novo Nordisk Foundation and the Danish government plan to invest €80M to buy and run a Microsoft-powered quantum computer, due to take on work by early 2027 — The foundation behind Novo Nordisk A/S and the Danish government will invest €80 million ($93 million) … | Blake Brittain / Reuters: |
A US judge rules that three authors suing Anthropic can bring a class action on behalf of all US writers whose books Anthropic allegedly pirated to train its AI — A California federal judge ruled on Thursday that three authors suing artificial intelligence startup Anthropic for copyright infringement … | Summer Maxwell / SFGATE: |
Location sharing apps like Find My, Snap Map, and Life360 are popular among Gen Z, despite concerns about their impact on real-world relationships and actions — Teens and 20-somethings are embracing location sharing to see where their friends are instantly. Is that a bad thing?| Alex Heath / The Verge: |
Q&A with Perplexity CEO Aravind Srinivas on the browser as AI's killer app, AI talent wars, why users may eventually pay thousands for a single prompt, and more — I'm Alex Heath, deputy editor at The Verge and author of the Command Line newsletter. I'm hosting our Thursday episodes while Nilay is out on parental leave.
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| Chainalysis: |
| Demetri Sevastopulo / Financial Times: |
| Naga Avan-Nomayo / The Block: |
| Nathan Owens / Manufacturing Dive: |
| Will Knight / Wired: |
| Jordan Novet / CNBC: |
| Shaurya Malwa / CoinDesk: |