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July 10, 2026, 3:40 PM
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Top News

Adam Satariano / New York Times:
In preliminary findings, the EU Commission said Facebook's and Instagram's “addictive design” violates the DSA, telling Meta to make changes or risk hefty fines  —  European Union authorities said the company's use of “addictive design” violated a digital safety law.
Bloomberg:
Analysis: Alphabet, Amazon, Meta, Microsoft, and Oracle, the top spenders on new US data centers, collectively added ~$350B in debt over the past five years  —  The largest builders of artificial intelligence data centers have doubled their debt load in the last five years …
Kif Leswing / CNBC:
SK Hynix opens up 14% at $170 after raising $26.5B in the largest ever US market debut by a foreign company  —  SK Hynix opened at $170 per share on the Nasdaq on Friday, rising about 14%, as U.S. investors jumped at the opportunity to get a stake in South Korea's second-most valuable company.
Vildana Hajric / Bloomberg:
Circle says it received US regulator approval to start a national digital-currency trust bank, allowing it to offer institutional custody services  —  Circle Internet Group Inc. received approval to start a national digital-currency trust bank to support its stablecoin business …
Madhumita Murgia / Financial Times:
OpenAI and Google are selling their advanced AI models to Singapore-based subsidiaries of Alibaba, Baidu, and Tencent, exposing a gap in the US' AI controls  —  US groups have been supplying AI services to Singapore-based subsidiaries of Alibaba, Baidu and Tencent.
M.G. Siegler / Spyglass:
Like the Claude app it imitates, the new ChatGPT “Super App”, which merges Codex with ChatGPT, is a tangle of toggles and strange UI decisions  —  Even if it's ultimately the right call, the new Mac app is a mess...  I am so confused right now.  I mean that literally.
SemiAnalysis:
A look at Meta Superintelligence Labs' growth in the past year, including a top-tier RL environment and compute ramp that could catch up to Anthropic and OpenAI  —  A top tier RL environment startup spawns out of thin air, the most aggressive compute ramp we've ever seen, 2000km+ scale-across, and some advice for Google DeepMind
Sarah Perez / TechCrunch:
Filing: college social app Fizz accuses Maveron's Jerry Lu of giving confidential info to rival Sidechat after he met with Fizz as a potential investor in 2022  —  A years-long lawsuit between the college-focused social app Fizz and rival Sidechat over unfair competition practices has taken an interesting turn.
More: RuntimeWire
Matt Kapko / CyberScoop:
A US court sentences a former ransomware negotiator to 70 months in prison for colluding with BlackCat to extort $75.3M from five of his employer's clients  —  Angelo Martino exploited his insider position and fed confidential information to ransomware co-conspirators to extort a combined $75.3 million from five U.S.-based victims.
Ina Fried / Axios:
Privacy advocates, CAA, and SAG-AFTRA slam Meta's Muse Image, which lets users create AI images using the likenesses of people with public Instagram accounts  —  Meta's move to allow user to create AI images using the likenesses of people with public Instagram accounts is drawing criticism …
Bloomberg:
Phia, a shopping app co-founded by Phoebe Gates that has raised $43.5M, appears to be using fake clicks or “cookie stuffing” to claim affiliate commissions  —  Phia, an advertising startup co-founded by Phoebe Gates, daughter of billionaire Microsoft Corp. co-founder Bill Gates …
Saritha Rai / Bloomberg:
Malaysia Prime Minister Anwar Ibrahim plans to debut an agentic AI avatar of himself within days, which is meant to help the public navigate government services  —  Malaysia Prime Minister Anwar Ibrahim is about to do something very few heads of government have done: send an artificial intelligence version …
Bloomberg:
MiniMax is looking to raise as much as $2B by selling 35.6M shares at ~$34 each and offering ~$830M in zero-coupon convertible bonds due in 2027  —  MiniMax Group Inc. is joining a rush by Chinese technology companies to tap markets for funding aimed at the artificial intelligence buildout …
Juro Osawa / The Information:
Memo: MiniMax CEO Junjie Yan tells employees he will forgo his salary until MiniMax achieves AGI and promises to allocate personal shares to employee incentives
Wall Street Journal:
Fidji Simo, OpenAI's CEO of AGI Deployment, says she will step down and become a part-time adviser after her medical condition worsened; Simo joined in August  —  The head of artificial general intelligence won't return from extended medical leave, a major leadership change as the AI giant prepares to go public
Karen Freifeld / Reuters:
The Department of Commerce loosens export controls to the UAE, letting G42 and US companies like Apple, Meta, and xAI export AI chips to UAE without a license  —  The U.S. Department of Commerce loosened export controls on the United Arab Emirates on Friday, making it easier to export military items …

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From Mediagazer

James Faris / Business Insider:
Sources: Disney is discussing a potential free tier for Disney+; product and tech chief Adam Smith discussed the initiative at a town hall but gave no timeline

Todd Spangler / Variety:
Report: Letterboxd's owners have held early talks with potential buyers, including Netflix, Sony Pictures, Paramount, and PE giant TPG

Ben Fritz / Wall Street Journal:
As Hollywood looks for its next Obsession-type hit, 11 studios bid on YouTube series The Mandela Catalogue and sources say WBD paid $1M for rights to Siren Head

More News

Boone Ashworth / Wired:
1X says its humanoid robot Neo's five-fingered hands have tendon-style actuators that give them 25 degrees of freedom of movement; human hands usually have 27
Rose Horowitch / The Atlantic:
How television, the internet, smartphones, social media, and now generative AI are accelerating a decline in people reading longer works like books

Earlier Picks

Lily Mae Lazarus / Fortune:
Mercor acquires Deeptune, which builds reinforcement learning environments for AI agents, three months after CEO Brendan Foody backed Deeptune's $43M Series A
Wall Street Journal:
Sources: Netflix executives are increasingly worried about declining engagement and are exploring adding live TV and bundling streaming services like Peacock
Hannah Lang / Reuters:
Coinbase's chief legal officer, Paul Grewal, is stepping down after six years; VP of legal Molly Abraham will take his role with the title of general counsel
Andrew Ackerman / Washington Post:
Federal Reserve Chair Kevin Warsh names Marc Andreessen and Xbox CEO Asha Sharma to lead a task force on the economic impact of new technologies, including AI
Axios:
OpenAI broadly releases GPT-5.6, and launches ChatGPT Work, an AI agent that can gather context across apps and files to create documents, on macOS and Windows
Dominic Preston / The Verge:
Meta releases Muse Spark 1.1, capable of more advanced coding and a “step-change” from the first generation, available to US developers via a public API preview
More: Meta, Quartz, CNBC, Silicon Republic, Constellation Research, Gadget Review, Implicator.ai, Business Standard, Android Authority, Techstrong.ai, Entrepreneur, Spyglass, Quartz, CNET, Reuters, TestingCatalog AI News, and Axios
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