| Annie Palmer / CNBC: |
The FTC and 22 state AGs sue Amazon, alleging it overcharged advertisers over $20B since 2019 via hidden surcharges, with costs largely passed on to consumers — The Federal Trade Commission on Monday sued Amazon, alleging the e-commerce giant “secretly and systematically overcharged” … | About Amazon: |
Amazon says the FTC's complaint over Sponsored Ads cites no evidence of consumer price increases or advertiser harm, and misunderstands how advertisers operate — The FTC today filed a misguided lawsuit claiming Amazon misled advertisers about its Sponsored Ads pricing and auction.| Mark Gurman / Bloomberg: |
Sources: Phil Schiller stepped down from his role leading the App Store and product events; he will remain at Apple to work on unspecified initiatives — Apple Inc.'s Phil Schiller, one of the most visible and influential executives across both the Steve Jobs and Tim Cook eras … | Chance Miller / 9to5Mac: |
On his last day as CEO, Tim Cook pens an emotional memo reflecting on his time at Apple and says he takes “enormous comfort” in handing the helm to John Ternus — Today is Tim Cook's last day as Apple CEO, with John Ternus set to take over tomorrow.| Gian Volpicelli / Bloomberg: |
The EU designates ChatGPT as a very large online search engine, and Reddit and Roblox as very large online platforms after each hit 45M monthly users in the EU — ChatGPT, Reddit Inc. and video game company Roblox Corp. will face stricter European Union scrutiny after surpassing a threshold of 45 million monthly users in the bloc.| Bloomberg: |
Nvidia plans to invest $3.5B into MediaTek through convertible bonds; MediaTek forecasts AI chip revenue of about $2B this year — Nvidia Corp. is investing $3.5 billion into MediaTek Inc., deepening collaboration with the Taiwanese chipmaker at a time when it's working to persuade … | Ashley Capoot / CNBC: |
OpenAI says its ad business has hit $1B in annualized revenue run rate and is expanding globally, as it touts its “diversified business model” ahead of an IPO — OpenAI on Monday announced that its advertising business has hit $1 billion in annualized revenue run rate … | Cheyanne M. Daniels / Politico: |
Trump says communities that reject data centers will end up “backwards and poor” and that “China could not be happier with this anti Data Center movement” — President Donald Trump on Monday again championed the spread of data centers despite growing bipartisan backlash ahead of the midterms in November.| Joe Rossignol / MacRumors: |
MapQuest becomes the top free iPhone app on the App Store in Canada and fourth on the US App Store after refusing to change Lake Ontario to Lake America — MapQuest is in the spotlight this week after refusing to change “Lake Ontario” to “Lake America” on its map following an executive order issued … | Associated Press: |
| Simon Goodley / The Guardian: |
Bank of England Governor warns that advanced AI could destabilize the highly interconnected global financial system via cyberattacks across jurisdictions — Andrew Bailey warns group about risk of advanced ‘frontier models’ destabilising the ‘highly interconnected’ financial system| Hannes Rudolph / OpenClaw Blog: |
OpenClaw releases OpenClaw 2.0, its largest update to date, with a simplified installation process, a rebuilt browser app, shared cloud sessions, and more — How a push for simpler setup and a first-class browser experience grew into OpenClaw 2.0. — Today we released by far the largest update in the history of OpenClaw.| Charlotte Yang / Bloomberg: |
Shein raised $1.7B in its Hong Kong IPO, giving it a $26B market cap, far below its ~$100B valuation in 2022, as growth slows amid tariffs and competition — Shein Global Holdings Ltd. completed its initial public offering at a valuation that's a fraction of what the company was once worth.| Kirsten Korosec / TechCrunch: |
The Pentagon launches ChatGPT Mil and Grok for Government on its GenAI.mil platform, giving its 3M personnel access to AI tools “tailored to warfighter needs” — The Pentagon has launched versions of OpenAI's ChatGPT and xAI's Grok, giving 3 million civilian and military personnel access … | Kris Holt / Engadget: |
Sony launches Live TV on PS5 in the US, letting users stream 100+ free, ad-supported TV channels with content from Amazon MGM Studios, Crunchyroll, and more — Ad-supported streaming channels are hitting Sony's console in the US today. — PlayStation 5 owners in the US will be able to stream free … | Karissa Bell / Engadget: |
Instagram says it will reduce the reach of accounts featuring AI-generated personas if they don't use a new “AI-generated profile” label — The app isn't cracking down on other kinds of AI slop, though. — Instagram is changing its rules for profiles that feature AI-generated personas.| Fox News: |
The Trump administration launches Project Watershed 250, a six-month cybersecurity pilot to protect Texas water systems from cyberattacks — FIRST ON FOX: The Trump administration is launching “Project Watershed 250” Monday, Fox News Digital exclusively learned, deploying American artificial intelligence … | Bloomberg: |
Sources: Hyperliquid is in talks to enter the US market through Kraken parent Payward, weeks after Trump said he was working to bring the platform onshore — Hyperliquid Labs is in advanced talks to bring its perpetual futures to US traders through Kraken's parent company Payward … | Amanda L. Gordon / Bloomberg: |
Sources: Polymarket will raise $1B led by 1789 Capital at a $21B post-money valuation; Donald Trump Jr. is a partner at 1789 and adviser to Polymarket — Venture capital firm 1789 Capital is leading a new funding round for Polymarket that will give the prediction-markets platform a $21 billion post-money valuation.| Brian Schwartz / Wall Street Journal: |
Former NY GOP Rep. George Santos receives Kalshi's first lifetime ban after the CFTC alleged he made $17K by betting on his appearance at the State of the Union — Decision comes after federal regulator alleged Santos made more than $17,000 by placing bets on his attendance at the State of the Union address| Rocket Drew / The Information: |
Reframe, which uses AI and industrial robot arms to make modular homes in a factory, raised a $40M Series A extension round led by Energy Impact Partners — For all the talk of robots that look like humans, the next robots to move into people's houses could look more like ducks.| Niko Gallogly / New York Times: |
Together AI, which serves open models, announces a deal to use compute from Humain in Saudi Arabia, where it can bypass US backlash over data centers — Together AI, which serves open-source artificial intelligence models, announced a deal to use compute from Humain in Saudi Arabia, where it can bypass U.S. backlash over data centers.| Chance Miller / 9to5Mac: |
Filing: Apple claims a former iPhone engineer used a confidential Apple circuit schematic in his work at OpenAI, evidence is being destroyed, and more — Apple has filed a new document in its ongoing lawsuit against OpenAI as it continues to push for expedited discovery.| Lucinda Shen / Axios: |
Sources: AI sales and marketing startup Clay is raising a round led by Wellington at a $7B pre-money valuation, up from $5B via an employee tender in January — Clay, an AI startup for sales and marketing teams, is raising new money led by Wellington at a $7 billion pre-money valuation, Axios has learned.| The Information: |
Sources: CXMT has begun producing HBM3E memory chips in small quantities and plans to expand production in 2027, a major advance for China's chip industry — China's leading memory-chip maker, ChangXin Memory Technologies, has begun producing advanced high-bandwidth memory in small quantities …
Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Most carriers track everything. Cape doesn't. — Unlimited talk, text & data, 24-hr metadata deletion, network ID rotation, SIM-attack defense, and more. Switch today and get 29% off for life.
Introducing Zoho MCP for Zoho People: Turn conversations into HR actions — It's Monday morning. You start your day by reviewing leave requests that came in over the weekend. A new hire needs help completing …
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
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| Ethan Mollick / One Useful Thing: |