| 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.| Katie Paul / Reuters: |
At a town hall, Mark Zuckerberg said Meta's AI agent development has not accelerated as expected and its reorganization was not as “clean” as it could have been — Meta (META.O) Chief Executive Mark Zuckerberg told an internal town hall on Thursday that AI agent development … | Stephanie Stacey / Financial Times: |
Spotify removed 500K+ streams of Malcolm Todd's Earrings after a 70% surge in 24 hours sent it to #1 on Spotify USA and coincided with suspicious Kalshi wagers — Platform removes more than 500,000 streams of Malcolm Todd track ‘Earrings’ on concern traders propelled it to number 1| 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 … | Business Insider: |
Sources: Alexandr Wang said Meta's model currently in training, codenamed Watermelon, matches GPT-5.5 and uses an “order of magnitude more compute than Avocado” — Meta is making significant progress in the AI model race, its superintelligence chief Alexandr Wang told employees today.| 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 … | 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| 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 … | 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: |
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: |
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 … | 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.| 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 … | 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 … | New York Times: |
President Trump says Micron will invest $250M in Trump Accounts; Micron says it will come via an employee matching program and a $250 deposit in some US states — President Trump said the U.S. chip maker would make a significant donation to a new type of investment account created by the administration.| 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.| Anna Heim / TechCrunch: |
Finnish quantum computing company IQM closed up 2% in its Nasdaq debut Thursday after going public via a SPAC merger at a ~$1.9B valuation — IQM, a full-stack quantum company out of Finland, went public on the Nasdaq Thursday via a SPAC merger at a valuation of about $1.9 billion.| 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 … | 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 … | The Information: |
Sources: Anthropic's bankers have hired UK law firm Freshfields to advise on its IPO; it also advised on Google's acquisition of Wiz and ServiceNow's Armis deal — A British law firm has scored a big win: a role in the Anthropic initial public offering, expected to raise tens of billions at a valuation of more than $1 trillion.| 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.| Bloomberg: |
Sources: Crusoe is in active talks to raise ~$3B in a funding round expected to value the company in the ~$30B range, up from a ~$10B valuation in October — Crusoe, the data center upstart with contracts to supply AI computing power for the likes of Meta Platforms Inc. and Oracle Corp. … | Min-Jeong Lee / Bloomberg: |
SoftBank and its telecom unit launch SB Neo to offer AI chips and cloud services to big companies, aiming to provide 10GW of capacity in the US by around 2030 — SoftBank Group Corp. and its telecom unit will start renting AI computing resources to US companies next fiscal year … | Dean Takahashi / GamesBeat: |
Tripo AI, which is developing 3D foundation models and world models for use in games, raised $150M, a month after it said it raised $200M — Tripo AI, a global artificial intelligence company building AI 3D foundation models and world models, said it raised a new round of $150 million in funding.
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