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August 1, 2025, 7:00 PM
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Top News

Maxwell Zeff / TechCrunch:
Google rolls out Gemini 2.5 Deep Think, its most advanced reasoning model, which considers multiple ideas simultaneously, to its $250/month Ultra subscription  —  Google DeepMind is rolling out Gemini 2.5 Deep Think, which, the company says, is its most advanced AI reasoning model …
New York Times:
Source: OpenAI raised $8.3B led by Dragoneer at a $300B valuation, months ahead of schedule and part of a $40B goal for 2025; 5M business users pay for ChatGPT  —  The venture capital round values the ChatGPT maker at $300 billion, and underscores the fierceness of the A.I. money race.
Washington Post:
A US jury finds Tesla partially liable for Autopilot's role in a fatal 2019 crash in Florida, and orders the company to pay $243M in damages  —  The outcome is a stunning rebuke for Tesla, which for years has fought to absolve itself of responsibility when its technology is involved in a crash.
Bloomberg:
Meta, Alphabet, Microsoft, and Amazon have collectively spent ~$90B on capex in their most recent quarters and are expected to spend over $344B for the year  —  If there's any lesson to take from the spending plans issued by the world's largest technology companies over the past two weeks …
Mark Gurman / Bloomberg:
Sources: in a rare companywide meeting, Tim Cook said the AI revolution is “ours to grab”, Apple's AI efforts will mirror its iPhone successes, and more  —  Apple Inc. Chief Executive Officer Tim Cook, holding a rare all-hands meeting following earnings results …
Apple:
Apple Q3: iPhone up 13% YoY to $44.58B, vs. $40.22B est., Mac up 15% to $8.05B, iPad down 8% to $6.58B, and Wearables, Home, and Accessories down 9% to $7.4B
Kif Leswing / CNBC:
Tim Cook says Apple is “significantly growing” its AI investment, reallocating staff to work on AI features, and “very open to M&A that accelerates our roadmap”
William Gallagher / AppleInsider:
Apple incurred ~$800M in Trump's tariff costs in Q3, $100M less than expected, and expects a jump to $1.1B in Q4 if current rates and policies remain in place
Ryan Browne / CNBC:
Nintendo Q1: revenue up 132% YoY to ~$3.8B, operating profit up 4.4% to ~$378M; it sold 5.82M Switch 2 units in the first month, more than double the original  —  Nintendo more than doubled revenue in its fiscal first quarter, as the company logged bumper sales of its Switch 2 console in the first month of release.
Emma Roth / The Verge:
Nintendo plans to raise the price of the original Switch “family of systems and products” and some Switch 2 accessories in the US; Switch 2's price won't change
Jay Peters / The Verge:
Reddit wants to become “a go-to search engine” for users; its core search has 70M+ weekly active unique users and its AI tool Reddit Answers has 6M weekly users  —  CEO Steve Huffman says the company is focused on making the platform a ‘go-to search engine.’
BBC:
In the UK, X and Reddit are blocking wide-ranging content, including about parliamentary debates, Ukraine, and Gaza, to comply with the Online Safety Act  —  Social media companies are blocking wide-ranging content - including posts about the wars in Ukraine and Gaza - in an attempt to comply …
Elizabeth Dwoskin / Washington Post:
The US Army awards Palantir a contract worth up to $10B over the next decade, creating a “comprehensive framework for the Army's future software and data needs”  —  The award covering the next decade is one of the largest DoD contracts ever, cementing the tech firm's role in warfighting for years to come.
Abner Li / 9to5Google:
Google says it will preserve “actively used” goo.gl URLs, after announcing earlier that all existing goo.gl links would stop working in August 2025  —  After originally planning to have all goo.gl URLs stop working later this month, Google will now “preserve actively used links.”
Tom Warren / The Verge:
Microsoft plans to end support for Windows 11 SE in 2026, five years after launching the OS for low-cost laptops designed to compete with Google Chromebooks  —  Microsoft isn't chasing after Chromebooks anymore, as demand tails off. … Microsoft is ending support for Windows 11 SE next year …
Amanda Silberling / TechCrunch:
OpenAI removes a ChatGPT feature that let users make their conversations discoverable by Google and other search engines, calling it a “short-lived experiment”  —  Update 7/31/25 4:10pm PT: Hours after this article was published, OpenAI said it removed the feature from ChatGPT …
James Hunt / The Block:
The UK's Financial Conduct Authority plans to allow retail investors to access crypto exchange-traded notes, dubbed cETNs, on FCA-approved, UK-based exchanges  —  - The UK financial regulator is set to open up access to crypto exchange-traded notes for retail investors on FCA-approved, UK-based exchanges.
Luis Garcia / Wall Street Journal:
Hoboken, NJ-based Saphyre, which makes software used in securities trading, raised $70M from FTV Capital  —  The growth investment in Saphyre marks the private-equity firm's latest deal targeting capital-markets technology providers  —  Private-equity firm FTV Capital has invested $70 million in Saphyre …

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From Mediagazer

Reuters:
The UK says it is leaning towards intervening in Paramount's $110B WBD takeover, citing concerns over media freedom and the provision of on-demand programming

Charlotte Tobitt / Press Gazette:
Axel Springer closes its £575M acquisition of Telegraph Media Group, ending a three-year saga, and names Carolin Hulshoff Pol as TMG CEO, replacing Anna Jones

Benjamin Mullin / New York Times:
NPR retracts an article saying Supreme Court Justice Samuel Alito was retiring; he has made no such announcement, and a spokesman called the story “inaccurate”

More News

The Information:
Source: GPT-5 improvements won't be comparable to the leaps in performance of earlier models, such as between GPT-3 in 2020 and GPT-4 in 2023
Megan Farokhmanesh / Wired:
Video game industry trade organizations and gamers are speaking out against censorship campaigns that forced Steam and Itch.io to mass deindex NSFW content
Christy Santhosh / Reuters:
Neuralink plans a UK clinical study to test how its chips let patients with severe paralysis control devices with thoughts, marking its entry into the country

Earlier Picks

Katie Roof / Bloomberg:
Sources: Index Ventures' nearly $100M seed investment in Figma was worth $2.17B at the IPO price, while Greylock's $50M Series A investment was worth $2.03B
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