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July 4, 2026, 2:05 AM
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Top News

Jeremie Eliahou Ontiveros / SemiAnalysis:
Meta could use its compute for its own models, ad scaling, SpaceX-like neocloud deals, and hosting 3rd-party models; it may be close to an Anthropic deal  —  Zuck Takes Plan B?  SpaceX 2.0, Bedrock 2.0, MSL Isn't Giving Up, Scaling RecSys by 10x... ClusterMAX ranking coming soon?
M.G. Siegler / Spyglass:
Meta getting into the cloud business has been inevitable for a long time, as it seeks to diversify beyond ad revenue and monetize its AI buildout  —  Their need to diversify the business meets the AI build out concerns...  Meta has a problem.  Well, two of them, actually.
The Information:
Sources: Alibaba banned Claude Code internally and asked its employees to remove all Claude models from their work computers due to Anthropic security concerns  —  Alibaba Group has banned employees from using Anthropic's Claude Code, and asked them to remove all Claude models from their work computers …
Divya Arya / BBC:
Instagram has been running ads promoting child sexual abuse material in India, with terms like “rape video” and “child video” and linking to Telegram channels  —  Warning: This story contains descriptions of abuse  —  Instagram has been running paid adverts promoting …
Financial Times:
An interview with Sriram Krishnan, who says “there will not be an FDA for AI” under Trump, blames the AI backlash on the industry's “doomer” messaging, and more  —  Sriram Krishnan tells the FT the president is against a centralised regulator as AI backlash grows
More: Benzinga.  X: @gerritd, @gerritd, @gerritd, and @sriramk.  Bluesky: @caseynewton
Anna Heim / TechCrunch:
Prague-based EquiLibre, which offers AI for quant hedge funds and is founded by three ex-Google DeepMind researchers, raised a Series A at a $500M valuation  —  Three former DeepMind researchers who created an AI that beat humans at poker have now applied the same technology to trading stocks — and the bet appears to be paying off.
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's AI chief, Alexandr Wang, says its coming Watermelon AI model now matches OpenAI's GPT-5.5.
Wall Street Journal:
How Jeff Bezos' changing relationship with President Trump has helped Amazon and Blue Origin, such as more federal contracts awarded during Trump's second term  —  Space company has booked rapid growth under this administration, after founder spent president's first term being ‘hated’

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From Mediagazer

David Ellison / @ellisonskydance:
David Ellison announces that the combined Paramount and Warner Bros. Discovery will be called Skydance “to preserve what has made each of these studios iconic”

Thuy Lan Nguyen / The Washington Sun:
The Washington Sun is launching a six-month run of a monthly print magazine; the first three issues will be distributed to Washingtonian subscribers

James Faris / Business Insider:
Sources: Comcast is cutting a few hundred streaming technology jobs, mostly at Sky, though some US NBCU workers will be affected

More News

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
Dawn Lim / Bloomberg:
Blackstone's QTS abandons plans to build its portion of a 2,100-acre data center campus in Virginia, after years of organized opposition and legal challenges

Earlier Picks

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
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
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
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