Techmeme
July 23, 2026, 4:40 AM

Top News

Alphabet:
Alphabet reports Q2 revenue up 24% YoY to $119.8B, above $116.9B est., Google Cloud revenue up 82% YoY to $24.8B, and Services revenue up 15% YoY to $94.5B  —  MOUNTAIN VIEW, Calif. - July 22, 2026 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2026.
Ryan McMorrow / Financial Times:
Google reports Q2 free cash flow at negative $5.9B amid increased AI spending, marking its first cash burn since going public more than two decades ago  —  Search giant says it will commit up to $205bn to AI investments in 2026  —  Google burned through cash in the second quarter …
Bloomberg:
Sources: OpenAI models breached Hugging Face's internal systems in a matter of hours, a feat that would typically have taken a talented hacker a couple of weeks  —  When OpenAI's advanced artificial intelligence models breached AI startup Hugging Face's internal systems last week …
Shakeel Hashim / Transformer:
Director Michael Kratsios / @mkratsios47:
White House OSTP Director Michael Kratsios says “we have information that Moonshot AI distilled Anthropic's Fable for the development of its K3 model”  —  We have information that Moonshot AI distilled Anthropic's Fable for the development of its K3 model. To do this they developed a sophisticated internal platform to conduct large scale distillation against U.S. models, allowing them to quickly switch between multiple methods of
Reuters:
Tesla reports a negative Q2 free cash flow of $1.1B, its first in over two years, partly due to increased AI and robotic investments, amid diminishing profits  —  Tesla (TSLA.O) on Wednesday missed analysts' profit forecasts for the second quarter and, for the first time in more than two years …
Andrew Romero / 9to5Google:
David Imel / The Verge:
Sean O'Kane / TechCrunch:
Travis Kalanick's robotics startup Atoms raised $1.7B led by a16z, with Uber and others participating; Ben Horowitz will join the startup's board  —  Travis Kalanick's robotics company, Atoms, has raised $1.7 billion in a funding round led by Andreessen Horowitz.
Washington Post:
US GAO study: Amazon workers on federal aid tripled from February 2020 to September 2025; ride-hailing and delivery apps topped employers with workers on aid  —  Amazon workers on federal aid nearly tripled between 2020 and 2025, while ride-hailing and food delivery app drivers shot …
Zijing Wu / Financial Times:
The debate over Moonshot AI founder Yang Zhilin's departure from the US misses a larger structural reality: China has built a homegrown AI talent pipeline  —  More entrepreneurs from China believe there are now greater opportunities at home than in Silicon Valley
Nic Fildes / Financial Times:
A profile of Peter Beck, the New Zealand billionaire whose Rocket Lab is pushing to compete with the satellite internet ambitions of Elon Musk and Jeff Bezos  —  Peter Beck's Rocket Lab builds out internet satellite business to rival Starlink and Amazon Leo
Bloomberg:
Sources detail how Commerce Secretary Howard Lutnick and crypto adviser Bo Hines worked to shape the GENIUS Act and loosen safeguards to benefit Tether  —  It was billed as cryptocurrency's big moment, President Donald Trump's first legislative victory in his drive to make the US the “crypto capital of the world.”
Wall Street Journal:
AMD and Anthropic sign a server deal for tens of billions; Anthropic will buy up to 2GW of MI450 chips from H1 2027, and AMD will invest up to $5B in Anthropic  —  The 2-gigawatt deal covers tens of billions of dollars' worth of chips, as AMD plans to invest up to $5 billion in Anthropic
Mark Gurman / Bloomberg:
Sources: Apple is set to debut new versions of every Mac, including long-awaited iMac updates, a revamped MacBook Pro, and a new Neo, across the fall and 2027  —  Apple Inc. is readying an overhaul of its Mac line, seeking to capitalize on demand for powerful laptops and desktops fueled by the artificial intelligence boom.
Business Insider:
OpenAI introduces OpenAI Presence to help companies better connect AI agents to their internal systems and automate customer support, sales, and other tasks  —  OpenAI is launching a new product that could help the company take another step beyond the ultra-competitive business of making AI models.
Jez Corden / Windows Central:
Xbox expands its backward compatibility program to PC, starting with four classic original Xbox games, offering 4X resolution scaling, V-Sync support, and more  —  Conker, Crimson Skies, Fuzion Frenzy, and Blinx head to Xbox PC for the first time, complete with Xbox achievements, and more are on the way.
Bloomberg:
Sources: Shanghai-listed chip test instruments maker Semight, whose stock is up ~2,200% since its April debut, is considering a secondary listing in Hong Kong  —  Semight Instruments Co. is considering a second listing in Hong Kong, people familiar with the matter said …
Antoine Gara / Financial Times:
Francisco Partners' co-founder Dipanjan Deb says “AI will not kill the software industry”, as the tech-focused PE firm raised $21B, exceeding its $18B target  —  Francisco Partners co-founder Dipanjan ‘DJ’ Deb says AI will not kill software sector as firm raises $21bn

Sponsor Posts

Command Line:
Copilot to autopilot: Why no single safeguard is enough  —  Microsoft designed a layered model that lets an AI agent resolve network incidents on its own within defined boundaries.
Will Reed:
The best sales leaders aren't job hunting.  Here's how to reach them without months of cold outreach.  —  Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
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Earlier Picks

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