| Katherine Blunt / Wall Street Journal: |
Perplexity offers to acquire Chrome for $34.5B, significantly more than Perplexity's estimated $18B valuation, and says large VC funds agreed to back the deal — With its unsolicited bid for Google's browser, AI startup seeks to take advantage of uncertainty over pending antitrust ruling| Surbhi Misra / Reuters: |
Elon Musk says that Apple “makes it impossible for any AI company besides OpenAI” to top its App Store, an “antitrust violation”, and xAI will take legal action — Billionaire Elon Musk said on Monday his artificial intelligence startup xAI would take legal action against Apple … | Henry Chandonnet / Business Insider: |
Despite Musk's claim Apple “makes it impossible” for non-OpenAI AI apps to top its App Store, DeepSeek was #1 in January and Perplexity was #1 in July in India — - Elon Musk's X post alleges without evidence that Apple rigged the App Store against non-ChatGPT AI apps.| Redd Brown / Bloomberg: |
CoreWeave Q2: revenue up 207% YoY to $1.21B, vs. $1.08B est., adjusted net loss of $130.8M, vs. $96.3M est., up from $5M in Q2 2024; CRWV drops 8%+ after hours — CoreWeave Inc. posted steeper losses as it continued to build to meet demand from artificial intelligence developers … | ABC: |
An Australian federal judge rules Apple and Google engaged in anticompetitive conduct by misusing their app store market power, but rejects Epic's other claims — By national consumer affairs reporter Michael Atkin and the Specialist Reporting Team's Melanie Vujkovic| The Verge: |
Epic says it is bringing Fortnite back to iOS in Australia “at a date to be determined”, after a judge ruled Apple and Google's app stores are anticompetitive — Apple and Google's losses in Australian antitrust cases could be a win for Epic Games.| Financial Times: |
Anthropic signs a deal to offer Claude to US lawmakers for $1/year, following OpenAI; a source says Google is in talks to offer Gemini on similarly cheap terms — Group follows rival OpenAI in making enterprise tools available to government branches — Anthropic will offer its Claude chatbot … | Bob Van Voris / Bloomberg: |
In US court, Terraform Labs co-founder Do Kwon says he will plead guilty to charges of conspiracy and wire fraud under an agreement with prosecutors — Terraform Labs Pte. co-founder Do Kwon pleaded guilty to charges in a US fraud prosecution tied to the $40 billion collapse of the TerraUSD stablecoin in 2022.| Emily Price / Fast Company: |
Meta says Threads has 400M monthly active users, up from 350M MAUs in April — Meta's Twitter rival has hit 400 million monthly users, closing the gap with X on mobile. — Meta's Threads is on a roll. — The social networking app is now home to more than 400 million monthly active users, Meta shared with Fast Company on Tuesday.| Maxwell Zeff / TechCrunch: |
Anthropic updates Claude Sonnet 4 to support a 1M token context window, letting it process prompts up to 750K words or 75K lines of code, up 5x on its old limit — Anthropic is increasing the amount of information that enterprise customers can send to Claude in a single prompt … | Financial Times: |
Sources: OpenAI is preparing to back a Neuralink rival called Merge Labs, co-founded by Sam Altman, that aims to raise $250M at an $850M valuation — OpenAI in talks to invest in brain implant start-up that would compete with Musk's company — Ivan Levingston in London … | New York Times: |
Sources: investigators have uncovered evidence that Russia is at least in part responsible for a recent hack of the US federal court filing system — Federal officials are scrambling to assess the damage and address flaws in a sprawling, heavily used computer system long known to have vulnerabilities.| James Hunt / The Block: |
Circle reports Q2 revenue up 53% YoY to $658M, USDC circulation up 90% YoY to $61.3B, a $482M net loss, and unveils Arc, a stablecoin-focused Layer 1 blockchain — - Circle is planning to launch a stablecoin-focused EVM-compatible Layer 1 blockchain called Arc.| Adrian Zmudzinski / Cointelegraph: |
Qubic, a layer-1 blockchain project that pools mining resources, has been trying a 51% attack on Monero and says it succeeded, causing Monero's price to fall — at 1:30 pm UTC): This article has been updated to add a Qubic announcement. Layer-1 blockchain Qubic said it has … | Sharon Goldman / Fortune: |
NYC-based Profound, which helps brands optimize visibility in AI search responses, raised a $35M Series B led by Sequoia, bringing its total funding to $58.5M — Profound co-founders James Cadwallader and Dylan Babbs, who are betting big on helping brands get discovered in AI search| Emma Roth / The Verge: |
Google launches Preferred Sources in the US and India, allowing users to personalize the news in Search's “top stories” section by selecting favorite outlets — A new feature will let you pick the news outlets you see in Google Search's top stories.| Ashley Stewart / Business Insider: |
Sources: Microsoft is trying to poach Meta's AI talent and is making multimillion-dollar offers, with a mandate to match Meta's compensation for top talent — - Microsoft targets Meta employees in AI talent war, internal documents show. — The software giant has an internal list of its most-wanted Meta engineers.| Kylie Robison / Wired: |
Character.AI says it's generating revenue at a run rate of $30M+ and has 20M MAUs who spend, on average, 75 minutes a day chatting with a bot — Startup Character.AI once promised superintelligence. Its new CEO says it's now an entertainment company with 20 million users.| Sarah Perez / TechCrunch: |
Appfigures: AI companion apps are on track to generate $120M+ in revenue in 2025, and in H1 there were 60M downloads of this kind of app, up 88% YoY — Demand for AI “companion” applications outside of bigger names, like ChatGPT and Grok, is growing. Of the 337 active and revenue-generating … | Bloomberg: |
Sources: Chinese authorities urge local companies to avoid using less advanced US chips, particularly Nvidia's H20s, for government or national security work — Supply Lines is a daily newsletter that tracks global trade. Sign up here. — Beijing has urged local companies …
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| Skylar Woodhouse / Bloomberg: |
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