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July 3, 2026, 12:00 AM
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| 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 …
More: TechCrunch, SiliconANGLE, PYMNTS, Business Standard, Reuters, CNBC Television on YouTube, RuntimeWire, Business Insider, and Bloomberg Law
X: @dalibali2, @garymarcus, @ns123abc, @jbulltard1, @deepvaluebagger, @firstadopter, and @andrewcurran_. Bluesky: @petertl
| 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
More: Wired, Bloomberg, Consequence, CBS News, The Hollywood Reporter, Stereogum, and PYMNTS. Forums: r/Music
| 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.
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| 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.| 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 … | 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 …
More: Electrek
| 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
More: Gizmodo and RuntimeWire
| 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.
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| 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 …
More: FinSMEs, SiliconANGLE, and BusinessCloud
| 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 …
More: crypto.news, The Crypto Times, and The Block
| 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 …
More: Reuters
| Dawn Lim / Bloomberg: |
Blackstone's QTS abandons plans to build its portion of a 2,100-acre data center campus in Virginia, following years of local opposition and legal challenges — Blackstone Inc.'s QTS is walking away from plans to build its portion of a 2,100-acre data center campus in Virginia … | 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 …
Bluesky: @feeney.dev
| 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.| Maggie Eastland / Bloomberg: |
Letter: chip sector group SEMI, including Micron and Samsung, warns Scott Bessent US policies affecting prices or production capacity would worsen the shortage — Government attempts to address the global memory chip shortage by influencing prices or production capacity would worsen … | 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.| 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. …
More: Reuters
| 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: |
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 — Alibaba Group Holding Ltd. joined a $2 billion financing round for Kuaishou Technology's Kling AI, valuing the creator of one of China's … | 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 …
More: Federal Trade Commission
| 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 … | 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.
More: SiliconANGLE, Pulse 2.0, and Unite.AI
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