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Techmeme
July 23, 2026, 9:25 AM
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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 …
Politico:
Bipartisan House lawmakers introduce the AI Kill Switch Act, which would grant the US DHS authority to shut down or throttle AI models that it deems dangerous  —  A bipartisan House bill slated to be introduced on Thursday would give the Department of Homeland Security the authority …
Financial Times:
Sources: OpenAI staff were “freaked out” when its AI models breached Hugging Face, as OpenAI used more aggressive training methods to compete with Anthropic  —  Increasing use of aggressive training techniques sharpens threat of bad behaviour by leading models
New York Times:
The European Commission fines Google €890M under the DMA for illegally undercutting competition through its search dominance and Google Play developer rules  —  At a tense moment for trans-Atlantic trade, the European Union accused Google of anti-competitive business practices.
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
Reece Rogers / Wired:
Google launches a selfie video sign-in option for account recovery, utilizing tools like liveness detection to mitigate deepfake risks, rolling out globally  —  The next time you're locked out of your Google account, you can use your face as part of the account recovery process.
Akanksha Khushi / Reuters:
Crypto exchange BitMEX says it will shut down on September 23 and users' assets are safe; Trump pardoned its founders in 2025 for failing to implement AML rules  —  Cryptocurrency exchange BitMEX said on Thursday that it will shut down its operations, effective September 23 …
David Yaffe-Bellany / New York Times:
The Senate's Clarity Act, a crypto industry-backed bill set for a vote this summer, is mired in debate over rules to stop Trump from selling digital currencies  —  Democrats and Republicans are haggling about the Clarity Act, a major bill pushed by the crypto industry, as it moves closer to a Senate vote.
Sara Fischer / Axios:
Mark Zuckerberg launches a media campaign positioning the company's AI development as an optimistic, pro-human alternative to its competitors' “dystopian” ideas  —  Meta CEO Mark Zuckerberg on Thursday laid out an optimistic view of the agentic future, arguing the company's focus …
Fred Gao / Inside China:
In a leaked four-hour investor talk, DeepSeek's Liang Wenfeng says the main US-China gap is compute access, Nvidia's CUDA moat is disintegrating, and more  —  In a rare four-hour talk, the reclusive founder reveals an almost Daoist philosophy of AI—AGI as a tide no company can own …
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 …
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 …
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.

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From Mediagazer

New York Times:
Sources: Trump continues to push to replace the James S. Brady Press Briefing Room with a swimming pool, as the administration builds a buffer against the press

The Hollywood Reporter:
Sources: ex-Warner Bros. film heads Pamela Abdy and Michael De Luca are talking with Netflix for a film chief role but seek more theatrical release commitments

Axios:
Anna Gomez, lone Democrat on the FCC, believes ABC will prevail in its First Amendment lawsuit over the agency's early review of licenses of ABC-owned stations

More News

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

Earlier Picks

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
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