| Maxwell Zeff / TechCrunch: |
xAI co-founder Igor Babuschkin, who led xAI's engineering, says he is leaving the company to launch a venture firm that backs AI safety research and startups — Igor Babuschkin, a co-founder of Elon Musk's xAI startup, announced his departure from the company on Wednesday in a post … | Alexandra Alper / Reuters: |
Sources: the US Navy and Air Force may cancel two nearly complete HR software projects worth $800M+ to let Salesforce, Palantir, and others win similar work — Donald Trump's Navy and Air Force are poised to cancel two nearly complete software projects that took 12 years and well over $800 million combined … | Jonathan Stempel / Reuters: |
New York AG Letitia James sues Zelle, claiming that security lapses led to $1B+ in consumer fraud losses; the US CFPB dropped a similar case in March 2025 — Zelle was sued on Wednesday by New York Attorney General Letitia James, who said the electronic payment platform's refusal … | Dasha Litvinova / Associated Press: |
Russia is “partially” restricting WhatsApp and Telegram calls, saying the apps are used “to deceive and extort money” and “in sabotage and terrorist activities” — Russian authorities announced Wednesday they were “partially” restricting calls … | Jennifer Ouellette / Ars Technica: |
Q&A with researcher Petter Törnberg on his preprint study showing how social network structures cause problematic outcomes like filter bubbles and echo chambers — “The [structural] mechanism producing these problematic outcomes is really robust and hard to resolve.”| The Information: |
Sources: Perplexity spoke to The Browser Co. and Brave about acquiring them, offering ~$1B for Brave; OpenAI also spoke to The Browser Co. about an acquisition — Perplexity made headlines this week when the artificial intelligence startup said it had offered to buy Google's Chrome … | Business Insider: |
| Mark Gurman / Bloomberg: |
Sources: Apple's AI plans include robots, like a tabletop one in 2027, a conversational Siri, a smart speaker with a display in 2026, and home security cameras — Apple Inc. is plotting its artificial intelligence comeback with an ambitious slate of new devices, including robots … | Dylan Butts / CNBC: |
Foxconn reports Q2 operating profit up 27% YoY to ~$1.9B, above $1.6B est., and $59.73B in revenue, above est., driven by its growing AI server business — Taiwan's Foxconn, the world's largest contract electronics maker, reported Thursday that its second-quarter operating profit rose 27% year over year … | Ted Mann / Bloomberg: |
TTP analysis: Google used an internal reorganization to reduce the amount it reported on US lobbying spending, likely by millions; Google disputes the claims — It was the end of 2018, and Google's leaders were tired of being Number One. — For the second year in a row … | Zac Bowden / Windows Central: |
Microsoft Windows head Pavan Davuluri says the next Windows version will be more ambient, pervasive, and multi-modal, with voice becoming more important — In a new video, Microsoft CVP and Windows boss Pavan Davuluri has teased that the future of Windows will consist of a truly ambient … | Rob Copeland / New York Times: |
How Wall Street is embracing crypto, spurred in part by political opportunism, as some executives fear the rush may risk the safety of personal bank accounts — The reversal risks declawing a century of consumer financial protections and replacing the backbone of bank accounts.| Financial Times: |
Sources: DeepSeek R2's launch delay is due to training issues on Huawei Ascend chips, prompting a switch to Nvidia chips for training and Huawei's for inference — Difficulties of training the start-up's latest system with Huawei's semiconductors highlight dependence on Nvidia| Bloomberg: |
JD.com reports Q2 revenue up 22% YoY to $49.7B, above $46.8B est., and net income down 50% YoY to ~$846M, benefiting from government-directed consumer subsidies — JD.com Inc.'s revenue grew a faster-than-anticipated 22% in the June quarter, benefiting from government-directed consumer subsidies … | Jaspreet Singh / Reuters: |
Google plans to spend $9B in Oklahoma over two years on cloud and AI infrastructure, including a new data center campus and an expansion of its Pryor facility — Alphabet's Google said on Wednesday it will spend an additional $9 billion in Oklahoma over the next two years to expand cloud and artificial intelligence infrastructure.| Emma Roth / The Verge: |
Google is rolling out a feature for Gemini that, when enabled, will let the AI chatbot “remember” a user's past conversations without prompting — You'll no longer have to prompt Gemini in order for it to recall what you've discussed in previous chats.| Danny Park / The Block: |
Arkham Intelligence: SpaceX now holds 8,285 bitcoin, valued at ~$1.02B, down from 28,000 bitcoin worth $1.8B in April 2021 after cutting its holdings in 2022 — Start trading crypto Get a crypto rewards card — SpaceX's bitcoin holdings surpassed $1 billion as the cryptocurrency surged to hit a new all-time high on Wednesday.| Sarah Jacob / Bloomberg: |
Adyen reports H1 2025 net revenue up 20% YoY to €1.09B, vs. €1.11B est., processed volume up 5% YoY to €649B, and EBITDA up 28% YoY to €543.7M; ADYEN falls 17%+ — Adyen NV shares sank as much as 20% after the payments processing company walked back its projections for faster revenue growth this year.| Bloomberg: |
Bullish shares closed up 84% at $68 in the company's NYSE debut, above the IPO price of $37, giving Bullish a market value of $9.9B based on outstanding shares — Bullish shares jumped 84% from the IPO price after the digital-asset exchange operator and owner of media outlet CoinDesk raised $1.1 billion in an initial public offering.| Jeff John Roberts / Fortune: |
An interview with Binance co-founder Yi He on growing up poor in China, the challenges she faced during Binance's year of crisis when CZ was in prison, and more — BINANCE — When Yi He was a girl in the 1980s, she walked to the well for water and relied on kerosene lamps at times to light the house.| Aisha S Gani / Bloomberg: |
Klarna, which is planning a potential NY IPO as soon as September, is focusing on its banking push to boost revenue while shedding its image as a BNPL phenom — As the payments giant prepares an IPO, it's trying to persuade millions of consumers to use its debit cards.
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