| Financial Times: |
Sources: OpenAI has discussed giving a 5% stake to the US government, seeking to clear political obstacles by securing buy-in from the Trump administration — Sam Altman's start-up in early talks for a public ownership deal as political pressure rises. OpenAI has discussed giving … | Todd Bishop / GeekWire: |
Microsoft invests $2.5B and forms the Microsoft Frontier Company to embed 6,000 forward-deployed engineers with customers to help deploy AI systems — Microsoft is launching a new AI “company.” It won't be a separate legal entity, and most of its 6,000 people already work at Microsoft.| Nikkei Asia: |
Sources: Apple told suppliers to prepare to produce ~10M foldable iPhones in 2026, up from a forecast of 7M to 8M, and 80M iPhones in total across new models — TAIPEI — Apple is planning an ambitious iPhone launch for the second half of this year and first half of 2027 with at least five … | Bloomberg: |
The European Court of Justice rules that Google's earlier defeat against a €4.1B European Commission penalty over abusing Android's market power should stand — Google lost its long-running fight against a €4.1 billion ($4.7 billion) European Union antitrust fine after the bloc's top judges … | Wall Street Journal: |
Nansen: about two-thirds of Trump's memecoin investors are currently in the red, and 85% of World Liberty's $WLFI buyers on the secondary market are underwater — Roughly two-thirds of investors in the president's memecoin are currently in the red — Morten Christensen made a big bet … | New York Times: |
| Phoebe Liu / The Information: |
Nvidia promises to financially backstop young cloud providers, like Firmus and Sharon AI, by renting back unused GPUs, in exchange for a share of their revenues — Nvidia is using its powerful balance sheet to help more companies buy its expensive AI chips, and possibly make some money back too.| Samantha Elkins / NBC News: |
Cloudflare sets a September 15 deadline for AI companies to differentiate their web crawlers into search, AI training, and AI agents or face being blocked — Cloudflare gave AI crawlers a September deadline to separate the bots that gather content for search from those that harvest … | Thomas Ricker / The Verge: |
Amazon says Leo now has 396 satellites in low-Earth orbit, following a July 1 launch, which is “enough to support continuous service across initial latitudes” — Early adopters of Amazon Leo should temper expectations. … Amazon says it now has enough satellites operating … | Qianer Liu / The Information: |
Sources: Anthropic has initiated early-stage development of a custom AI server chip and held preliminary discussions with Samsung about manufacturing the chip — Anthropic has begun early-stage work on its own AI chip and held talks with Samsung Electronics as a potential manufacturing partner … | Bloomberg: |
Sources: Palmer Luckey's Erebor Bank is in talks to raise money at an $8B+ valuation, up from $4.35B in 2025; its deposits are up from $1.1B in March to $4.05B — Erebor Bank is in talks to raise money at a valuation of at least $8 billion, as deposits grow rapidly at the politically connected startup … | Michael Nuñez / VentureBeat: |
Z.ai launches ZCode, an “Agentic Development Environment” purpose-built for its GLM-5.2 model; Z.ai's GLM Coding Plan tiers range from $16.20 to $144 per month — The move marks the company's most aggressive push yet into the fast-growing AI-powered coding tool market … | Bloomberg: |
Sources: ElevenLabs held early talks with investors on a secondary share sale for staff that would value the startup at ~$22B; it was valued at $11B in February — ElevenLabs has held early talks with investors to let employees sell shares in a secondary offering that would value … | Bloomberg: |
Sources: Apple is in negotiations to buy chips from CXMT and YMTC, two Chinese semiconductor makers on a Pentagon blacklist, for use in devices sold in China — Apple Inc. is in negotiations to purchase chips from two Chinese semiconductor makers on a Pentagon blacklist to help reduce … | Joe Warminsky / The Record: |
The US DOJ says Peter Stokes, a 19-year-old dual US-Estonian citizen, was extradited from Finland to face charges of participating in Scattered Spider hacks — A 19-year-old man with dual U.S. and Estonian citizenship was extradited from Finland to Chicago this week to face criminal charges … | The Information: |
Memo: Microsoft is merging the consumer and enterprise versions of its Copilot chatbots into a single app featuring coding tools and AI agents dubbed AutoPilot — Microsoft is merging its consumer and enterprise Copilot apps and cutting unwanted features to ‘earn the right to exist’ in the eyes … | Wall Street Journal: |
Emails disclosed in a court filing detail the uneasy back-and-forth between Dario Amodei and DOD's Emil Michael and how Anthropic's relationship with DOD soured — Undersecretary Emil Michael and CEO Dario Amodei went back and forth for months over safety guardrails| Zheping Huang / Bloomberg: |
Kling AI, the Kuaishou AI video generator spin-off, raised $2B at a $15B pre-money valuation and says the round could extend to as much as $3B — China's Kling AI has raised an initial $2 billion in venture capital funding as the spinoff from Kuaishou Technology seeks to expand its video AI operations.| Arjun Kharpal / CNBC: |
An interview with Amazon SVP of Devices Panos Panay on designing custom chips for Echo and Fire TV devices, experimenting with AI-enabled gadgets, and more — Amazon is focusing on building chips for its “critical” consumer devices, the company's top hardware executive told CNBC.| Lucinda Shen / Axios: |
Source: crypto payments and settlement startup Mesh is raising funding led by Binance at a ~$2B valuation, six months after raising $75M at a $1B valuation — Binance is set to lead Mesh's funding round that will value the crypto payments and settlement company at up to $2 billion, Axios Pro has learned.| Jim Tankersley / New York Times: |
German software giant SAP says it's encouraging workers to invent new, more valuable jobs aided by AI, to try to avoid layoffs; SAP cut nearly 10K staff in 2024 — The German software giant SAP says it is betting that employees can reinvent jobs instead of eliminating them.| Stephen Totilo / Game File: |
Sony says all new PlayStation games will only be sold in digital formats from January 2028, as digital media preference “significantly outpaces physical discs” — New games sold for PlayStation consoles will only be available digitally and won't be sold on discs effective January 2028, Sony has announced.| Cate Lawrence / Tech.eu: |
UK-based StirlingX, which develops secure data intelligence systems for defense and critical infrastructure, raised a $20M Series A, following a $11M seed — The UK company, which develops secure data intelligence systems for defence and critical infrastructure, will use the funding … | Bloomberg: |
Amazon's emissions rose 16% YoY in 2025, driven by data center construction and delivery fuel, while Google's “ambition-based” emissions jumped 18% YoY in 2025 — Amazon and Google report jumps in their greenhouse gas output as the data center boom gains momentum.| Grace Kay / The Information: |
Internal memo: Tesla plans to impose a $200-per-week limit for staff's AI spending beginning July 6; the tally excludes beta versions of xAI products — Tesla told employees last month it would impose a $200 per week limit for staff's AI spending beginning July 6, according to an internal memo … | Lauren Forristal / TechCrunch: |
Travel app Hopper agrees to a $35M FTC settlement over allegations the company misled users by imposing hidden fees and misrepresenting the total costs — Hopper, the travel app known for its AI-driven flight and hotel price predictions, has agreed to a $35 million settlement following …
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