Techmeme
July 3, 2026, 2:50 AM

Top News

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 …
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.
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
Janko Roettgers / The Verge:
A look back at BitTorrent, launched by Bram Cohen 25 years ago, and how media piracy fueled its growth while its architecture shielded it from legal liability  —  Cath Virginia / The Verge … Twenty-five years ago today, a young, little-known programmer by the name of Bram Cohen fired off …
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 …
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.
Financial Times:
Sources: Anthropic moves to close loopholes that let Chinese firms like Ant use its models via workarounds including cloud providers and overseas subsidiaries  —  Engineers are still finding ways to use AI models despite stringent restrictions.  Anthropic is moving to shut loopholes …
More: ForbesBluesky: @mizmulligan
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 …
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.
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.
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.
More: crypto.news
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 …
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

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Earlier Picks

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Bloomberg:
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Financial Times:
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Bloomberg: