Techmeme
July 5, 2026, 5:45 PM

Top News

New York Times:
Analysis: ~1M $TRUMP retail buyers lost a combined $3.81B, while ~500K mostly-early wallets captured $4B in gains, a textbook memecoin wealth transfer  —  A report from a cryptocurrency analytics firm details how those who bought the Trump memecoin have fared, with most retail investors having lost money …
Katherine Bindley / Wall Street Journal:
How some high-income families use AI-powered private schools and tutors, such as Alpha School, to teach their children life skills and tailor their curriculum  —  People who can afford to send their grade-school kids anywhere are choosing new alternative education
Nilesh Christopher / Los Angeles Times:
How ByteDance is making Hollywood inroads with its Seedance video generator, thanks to low pricing, striking realism, and features like timeline-based prompting  —  - 8 min Click here to listen to this article … - A viral AI video of Brad Pitt and Tom Cruise sparked industry outrage …
Aisha Down / The Guardian:
Source calls UK- and OpenAI-touted plans in 2025 for Stargate's ~£20B Cobalt site a PR stunt; OpenAI and Nscale failed to visit Cobalt or lodge planning forms  —  Exclusive: £20bn of ‘potential’ £30bn AI investment touted by UK ministers appears to have been hypothetical
Simon Sharwood / The Register:
AWS says Mechanical Turk will no longer accept new customers and that it is placing the crowdsourcing service in maintenance, signaling its future retirement  —  Workers who use OG crowdsourcing platform say AWS is closing accounts  —  Amazon Web Services will stop accepting new customers …
Olivia Carville / Bloomberg:
A profile of Kaley Glenn-Mills, the plaintiff in K.G.M. v. Meta et al., who was awarded $6M in damages in a landmark LA jury trial over social media addiction  —  Kaley Glenn-Mills' lawsuit reshaped the fight to protect children from social media.  She says she still can't stop scrolling.
More: Gizmodo.  X: @livcarville, @livcarville, and @business.  Threads: @mattnavarra
Sofia Chesnokova / Tech Funding News:
NY-based LinqAlpha, which provides AI-powered market research tools for hedge funds, raised a $22M Series A co-led by AVP, Atinum Investment, and GFT Ventures  —  - LinqAlpha, an AI research platform for hedge funds and asset managers, has raised $22 million in a Series A round led by AVP, Atinum Investment and GFT Ventures.

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Zoho:
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Featured Podcasts

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Anthropic's IPO Leak, OpenAI's Dots vs. Meta's Muse, Visual Turing Test
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Sources:
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Channels with Peter Kafka:
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Sejal Sharma / Hindustan Times:
Robert P Baird / The Guardian:

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