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July 18, 2025, 12:45 PM
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Gian Volpicelli / Bloomberg:
Joel Kaplan says Meta won't sign EU's AI code of practice, calling its guidelines overreach that will throttle development and deployment of AI models in Europe  —  Meta Platforms Inc. said it won't sign the code of practice for Europe's new set of laws governing artificial intelligence …
Foo Yun Chee / Reuters:
The EU issues guidelines to help AI models with systemic risks comply with the AI Act, after criticism from some companies about lack of clarity  —  The European Commission set out guidelines on Friday to help AI models it has determined have systemic risks and face tougher obligations …
Eric Slivka / MacRumors:
Apple sues YouTuber Jon Prosser and an Apple staffer's friend over iOS 26 leaks, for allegedly accessing the staffer's iPhone; Prosser denies the claim  —  Earlier this year, YouTuber Jon Prosser shared multiple videos showing off what he claimed to be re-created renderings of what was then presumed …
Osmond Chia / BBC:
Netflix used AI tools for the first time in one of its TV shows, for a VFX sequence; Ted Sarandos says the VFX costs would have been too high otherwise  —  Netflix says it has used visual effects created by generative artificial intelligence (AI) in one of its original TV shows for the first time.
Sarah Whitten / CNBC:
Netflix reports Q2 revenue up 16% YoY to $11.08B, vs. $11.07B est., net income of $3.13B, and forecasts 2025 revenue of $44.8B-$45.2B, up from $43.5B-$44.5B  —  Netflix posted an earnings beat Thursday, as revenue grew 16% during the second quarter of 2025.
Emma Roth / The Verge:
Netflix says it's on track to double its advertising revenue this year and that it will roll out interactive ads in the second half of 2025
Reuters:
The US House passes the GENIUS Act, sending the stablecoin bill to Trump for his signature, and advances two other crypto bills to the Senate for consideration  —  The U.S. House of Representatives on Thursday passed a bill to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known …
Financial Times:
Sources: Trump is expected to sign an executive order as soon as this week that would open up 401(k) plans to cryptocurrency and other alternative investments
Washington Post:
Analysis: nearly 70 Trump administration officials and nominees held crypto or investments in blockchain or digital-asset firms at the time of their selection
Zac Bowden / Windows Central:
Microsoft shuts down the Movies & TV storefront on the Microsoft Store on Windows and Xbox; users will continue to be able to access their past purchases  —  After 12 years, Microsoft is shutting down its storefront that let Windows and Xbox users buy or rent Movies & TV shows natively on the platform.
Eric Geller / Cybersecurity Dive:
Sources: the US State Department has effectively dismantled its three-year-old Bureau of Cyberspace and Digital Policy, firing between nine and 11 staffers  —  Departures and restructuring will make it harder for the agency to pursue global policies that strengthen its own critical infrastructure, experts said.
Lora Kolodny / CNBC:
Neuralink filed on April 24 as a “small disadvantaged business” that could give it preferential access to federal opportunities, before being valued at $9B  —  Elon Musk's health tech company Neuralink labeled itself a “small disadvantaged business” in a federal filing …
More: Musk Watch and UPI
Bluesky: @calebecarma, @calebecarma, and @lorak.  Mastodon: @WarnerCrocker@mastodon.social.  LinkedIn: Lora Kolodny.  Forums: r/EnoughMuskSpam
Wall Street Journal:
Sources: the White House is preparing an EO requiring AI companies with federal contracts to be neutral and unbiased, to combat what officials see as “woke AI”  —  The order would be one of several expected to be released outlining the president's vision for winning the AI race with China
Bloomberg:
Sources: Meta hired AI researchers Mark Lee, from Apple's Foundation Models team, and Tom Gunter, who left Apple in June, for its superintelligence lab  —  Meta Platforms Inc. hired a pair of key artificial intelligence researchers who worked at Apple Inc., shortly after poaching their former boss from the iPhone maker.

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From Mediagazer

Deadline:
Disney initiates a third round of layoffs under Josh D'Amaro, sources say impacting a couple hundred staff, largely in HR and tech, smaller than prior rounds

John Koblin / New York Times:
Paramount streaming chief Cindy Holland is leaving the company; she joined Skydance as an adviser and became Paramount's direct-to-consumer chief last year

Wall Street Journal:
Sources: the Trump administration used DHS funds to finance pro-Trump ads, including one that is almost identical to a 2024 Trump campaign ad, calling them PSAs

More News

Sidhartha Shukla / Bloomberg:
Total crypto market value surpassed $4T for the first time, driven by altcoin rallies and US legislative momentum; Ether jumped 22% over the past five days

Earlier Picks

Bloomberg Law:
A federal judge reinstates FTC Commissioner Rebecca Kelly Slaughter, months after President Trump sought to fire her and Democratic colleague Alvaro Bedoya
Matthias Bastian / The Decoder:
Google's Veo 3 video generation model launches on the Gemini API, with an eight-second video costing $6, making it one of the most expensive AI video options
Hayden Field / The Verge:
OpenAI debuts ChatGPT Agent, which can control an entire computer and perform multi-step tasks, powered by a new dedicated model, rolling out to paid users
Tom Hals / Reuters:
Meta shareholders suing Mark Zuckerberg and Meta leaders over alleged Cambridge Analytica privacy violations reach a settlement deal, ending an $8B trial
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
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