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How the internet, smartphones, social media, and now generative AI are accelerating a drop in the reading of longer works like books (Rose Horowitch/The Atlantic)

Rose Horowitch / The Atlantic: How the internet, smartphones, social media, and now generative AI are accelerating a drop in the reading of longer works like books — twenty-three hundred years ago, th

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Internal US DOJ memo: attorneys working on digital currency cases should expect less cooperation from Binance, which is adding requirements for asset freezes (Leo Schwartz/The Information)

Leo Schwartz / The Information: Internal US DOJ memo: attorneys working on digital currency cases should expect less cooperation from Binance, which is adding requirements for asset freezes — In early

Interpol and law enforcement agencies arrest 5,811 suspects and seize $293M in an operation combating social engineering scams and fraud across 97 countries (Sergiu Gatlan/BleepingComputer)

Sergiu Gatlan / BleepingComputer: Interpol and law enforcement agencies arrest 5,811 suspects and seize 293M in an operation combating social engineering scams and fraud across 97 countries — Law enfo

Kraken Technology, which designs and builds autonomous maritime platforms, such as uncrewed subsurface vessels, raised a 175M Series B at a 1B valuation (John Reynolds/Tech.eu)

John Reynolds / Tech.eu: Kraken Technology, which designs and builds autonomous maritime platforms, such as uncrewed subsurface vessels, raised a 175M Series B at a 1B valuation — It says it will use

Leaked renders via Android Headlines show the Samsung Galaxy Z Flip 8, Z Fold 8, Watch 9, and Watch Ultra 2; the Galaxy Z Fold 8 is likely a new wide foldable (Lawrence Bonk/Engadget)

Lawrence Bonk / Engadget: Leaked renders via Android Headlines show the Samsung Galaxy Z Flip 8, Z Fold 8, Watch 9, and Watch Ultra 2; the Galaxy Z Fold 8 is likely a new wide foldable — The company h

Mercor acquires Deeptune, which builds reinforcement learning environments for AI agents, three months after CEO Brendan Foody backed Deeptune's $43M Series A (Lily Mae Lazarus/Fortune)

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 — Brendan Foo

Meta launches a Meta Model API, which Mark Zuckerberg says will have 'aggressive and attractive' pricing at ~25% of the cost of OpenAI's and Anthropic's models (Kurt Wagner/Bloomberg)

Kurt Wagner / Bloomberg: Meta launches a Meta Model API, which Mark Zuckerberg says will have “aggressive and attractive” pricing at ~25% of the cost of OpenAI's and Anthropic's models — In a crowded

Meta prices Muse Spark 1.1 at 1.25/1M input tokens and 4.25/1M output tokens; Alexandr Wang says improving coding and agentic performance was a key focus (Ina Fried/Axios)

Ina Fried / Axios: Meta prices Muse Spark 1.1 at 1.25/1M input tokens and 4.25/1M output tokens; Alexandr Wang says improving coding and agentic performance was a key focus — Facebook's parent company

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 (Dominic Preston/The Verge)

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 — Muse Spa

Micron raises its US capex commitment to 250B through 2035, adding 50B for New York, Idaho, Virginia, and other projects, and invests $500M in GlobalWafers (Maggie Eastland/Bloomberg)

Maggie Eastland / Bloomberg: Micron raises its US capex commitment to 250B through 2035, adding 50B for New York, Idaho, Virginia, and other projects, and invests $500M in GlobalWafers — Micron Raises

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Microsoft President Brad Smith says the US now has AI 'regulation without transparent or complete rules', and adds that 'without rules, businesses can't plan' (Beatrice Nolan/Fortune)

Beatrice Nolan / Fortune: Microsoft President Brad Smith says the US now has AI “regulation without transparent or complete rules”, and adds that “without rules, businesses can't plan” — Microsoft Pre

safetytechmeme

MiniMax is looking to raise as much as 1.9B by selling 35.6M shares at ~34 each and offering ~$830M in convertible bonds due 2027 (Bloomberg)

Bloomberg: MiniMax is looking to raise as much as 1.9B by selling 35.6M shares at ~34 each and offering ~$830M in convertible bonds due 2027 — MiniMax Group Inc. is joining a rush by Chinese technolog

Ollama, which helps developers run open-weight AI models locally, raised a 65M Series B led by Theory Venture, following a 15M Series A led by Benchmark (Julie Bort/TechCrunch)

Julie Bort / TechCrunch: Ollama, which helps developers run open-weight AI models locally, raised a 65M Series B led by Theory Venture, following a 15M Series A led by Benchmark — The popular open sou

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 Mac and Windows (Axios)

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 Mac and Windows — - Sol is the most powerful versio

Oxylabs, which develops web data scraping infrastructure, received a 130M investment at a 3.6B valuation from Warburg Pincus, its first outside investment (Mike Wheatley/SiliconANGLE)

Mike Wheatley / SiliconANGLE: Oxylabs, which develops web data scraping infrastructure, received a 130M investment at a 3.6B valuation from Warburg Pincus, its first outside investment — Data scraping

PitchBook: US venture funding hit 412.7B in H1 2026, up 30% on all of 2025, with AI startup funding accounting for 86%, or 355.9B; Q2 saw seven $1B+ rounds (Duncan Riley/SiliconANGLE)

Duncan Riley / SiliconANGLE: PitchBook: US venture funding hit 412.7B in H1 2026, up 30% on all of 2025, with AI startup funding accounting for 86%, or 355.9B; Q2 saw seven 1B+ rounds — U.S. venture c

PrismML shrunk Qwen 3.6 to 27B parameters and ran it on an iPhone 17 Pro, bigger than any prior mobile model; sources: Apple talked with PrismML about its tech (Aaron Tilley/The Information)

Aaron Tilley / The Information: PrismML shrunk Qwen 3.6 to 27B parameters and ran it on an iPhone 17 Pro, bigger than any prior mobile model; sources: Apple talked with PrismML about its tech — Apple

SAP will make it easier for customers to switch to rival service providers or end contracts, averting a possible EU antitrust fine after a September 2025 probe (Foo Yun Chee/Reuters)

Foo Yun Chee / Reuters: SAP will make it easier for customers to switch to rival service providers or end contracts, averting a possible EU antitrust fine after a September 2025 probe — SAP (SAPG.DE),

Shanghai-based GPU maker Iluvatar CoreX raised ~902M in a Hong Kong share sale; the company's stock has soared 257% since its January IPO, which raised 473M (Bloomberg)

Bloomberg: Shanghai-based GPU maker Iluvatar CoreX raised ~902M in a Hong Kong share sale; the company's stock has soared 257% since its January IPO, which raised 473M — Shanghai Iluvatar CoreX Semico

SK Hynix raises 26.5B in the largest ever US market debut by a foreign company, selling 177.9M ADRs for 149 each; the sale was more than 7x oversubscribed (Bloomberg)

Bloomberg: SK Hynix raises 26.5B in the largest ever US market debut by a foreign company, selling 177.9M ADRs for 149 each; the sale was more than 7x oversubscribed — SK Hynix Inc. raised $26.5 billi

Sources: Netflix executives are increasingly worried about declining engagement and are exploring adding live TV and bundling streaming services like Peacock (Wall Street Journal)

Wall Street Journal: Sources: Netflix executives are increasingly worried about declining engagement and are exploring adding live TV and bundling streaming services like Peacock — Streamer is rethink

Sources: Sonos' layoffs include some top design and product executives, like VP of Design Dana Krieger; CEO Tom Conrad says the move reduces management layers (Chris Welch/Bloomberg)

Chris Welch / Bloomberg: Sources: Sonos' layoffs include some top design and product executives, like VP of Design Dana Krieger; CEO Tom Conrad says the move reduces management layers — Sonos Inc. has

The AI data center boom has led to surging demand for power transformers, with average lead times for orders, once measured in months, now stretching into years (Financial Times)

Financial Times: The AI data center boom has led to surging demand for power transformers, with average lead times for orders, once measured in months, now stretching into years — Surging data-centre

US cybersecurity and data resilience company Rubrik plans to invest $500M+ in the UK over the next five years and establish its European headquarters in London (Paul Sandle/Reuters)

Paul Sandle / Reuters: US cybersecurity and data resilience company Rubrik plans to invest 500M+ in the UK over the next five years and establish its European headquarters in London — U.S. cybersecuri

A look at Chinese lidar maker Hesai, blacklisted by the US DOD in 2024, as it expands in the US; Hesai says it has ~33% of the global automotive lidar market (CNBC)

CNBC: A look at Chinese lidar maker Hesai, blacklisted by the US DOD in 2024, as it expands in the US; Hesai says it has ~33% of the global automotive lidar market — Robots on the factory floor. Self-

Arkenstone Defense, which is building software to handle back-office work for defense tech startups, emerges from stealth with a $35M seed led by J2 Ventures (Barratt Dewey/Tectonic Defense)

Barratt Dewey / Tectonic Defense: Arkenstone Defense, which is building software to handle back-office work for defense tech startups, emerges from stealth with a $35M seed led by J2 Ventures — You kn

Applications

Block agrees to pay $45M and offer live customer support for Cash App to settle claims by 46 US states that the company failed to protect users from fraud (Daniel Wiessner/Reuters)

Daniel Wiessner / Reuters: Block agrees to pay 45M and offer live customer support for Cash App to settle claims by 46 US states that the company failed to protect users from fraud — Block (XYZ.N) has

applicationstechmeme

China's Nexchip Semiconductor says it aims to raise around 890.37M in its Hong Kong share sale by offering 216.2M shares at ~4.12/share, the top of its range (Rajasik Mukherjee/Reuters)

Rajasik Mukherjee / Reuters: China's Nexchip Semiconductor says it aims to raise around 890.37M in its Hong Kong share sale by offering 216.2M shares at ~4.12/share, the top of its range — China's Nex

Cognition releases SWE-1.7, trained from Kimi K2.7 and available at 1,000 tokens/second, claiming it nears GPT-5.5 and Opus 4.8 on benchmarks at a lower cost (Cognition)

Cognition: Cognition releases SWE-1.7, trained from Kimi K2.7 and available at 1,000 tokens/second, claiming it nears GPT-5.5 and Opus 4.8 on benchmarks at a lower cost — Today, we're launching SWE-1.

Crypto VC firm Paradigm raised 1.2B, its fourth fund, to invest in areas outside of crypto, like AI and robotics; Paradigm had 11.9B in AUM at the end of 2025 (Rebecca Torrence/Bloomberg)

Rebecca Torrence / Bloomberg: Crypto VC firm Paradigm raised 1.2B, its fourth fund, to invest in areas outside of crypto, like AI and robotics; Paradigm had 11.9B in AUM at the end of 2025 — Paradigm,

Filings: Grubhub parent Wonder is raising hundreds of millions at a 9B valuation; source: founder Marc Lore indicated he'll contribute 200M to the round (The Information)

The Information: Filings: Grubhub parent Wonder is raising hundreds of millions at a 9B valuation; source: founder Marc Lore indicated he'll contribute 200M to the round — Wonder, the owner of GrubHub

Former GitHub CEO Thomas Dohmke's Entire launches a decentralized Git network to handle high coding agent traffic, with servers in the US, the EU, and Australia (Radhika Rajkumar/ZDNET)

Radhika Rajkumar / ZDNET: Former GitHub CEO Thomas Dohmke's Entire launches a decentralized Git network to handle high coding agent traffic, with servers in the US, the EU, and Australia — ZDNET's key

GM-backed Chinese autonomous driving company Momenta saw a muted trading debut in its Hong Kong IPO, up 2.8% to value the company at ~9B, after raising 751M (Jiahui Huang/Wall Street Journal)

Jiahui Huang / Wall Street Journal: GM-backed Chinese autonomous driving company Momenta saw a muted trading debut in its Hong Kong IPO, up 2.8% to value the company at ~9B, after raising 751M — Momen

Grok 4.5 is available in Grok Build, in Cursor, and from the SpaceXAI console, but not in the EU; it costs 2 per 1M input tokens and 6 per 1M output tokens (Axios)

Axios: Grok 4.5 is available in Grok Build, in Cursor, and from the SpaceXAI console, but not in the EU; it costs 2 per 1M input tokens and 6 per 1M output tokens — Elon Musk's SpaceXAI is launching G

Israeli startup Alta, which develops an AI agent platform for marketing, sales, and business development teams, raised a $25M Series A led by IN Venture (Meir Orbach/CTech)

Meir Orbach / CTech: Israeli startup Alta, which develops an AI agent platform for marketing, sales, and business development teams, raised a 25M Series A led by IN Venture — The AI agent platform fou

Kaon AI, which builds personalized story worlds using its AI-based FlowGPT and Emochi tools, raised $60M from B Capital and others, and says Emochi has 2M DAUs (Corbin Bolies/Variety)

Corbin Bolies / Variety: Kaon AI, which builds personalized story worlds using its AI-based FlowGPT and Emochi tools, raised $60M from B Capital and others, and says Emochi has 2M DAUs — Kaon AI, a st

Meta announces its first data center in Canada, a 1GW facility in Alberta that will cost the company about $9B and take two to three years to construct (Jonathan Vanian/CNBC)

Jonathan Vanian / CNBC: Meta announces its first data center in Canada, a 1GW facility in Alberta that will cost the company about $9B and take two to three years to construct — Meta's AI expansion is

Mistral launches Robostral Navigate, a hardware-agnostic robotics navigation model trained via simulation that uses a single camera and basic language prompts (Benoit Berthelot/Bloomberg)

Benoit Berthelot / Bloomberg: Mistral launches Robostral Navigate, a hardware-agnostic robotics navigation model trained via simulation that uses a single camera and basic language prompts — Mistral A

Nvidia and AI chip startup d-Matrix are combining their hardware in a new system to power AI models, the latest example of Nvidia partnering with rivals (Phoebe Liu/The Information)

Phoebe Liu / The Information: Nvidia and AI chip startup d-Matrix are combining their hardware in a new system to power AI models, the latest example of Nvidia partnering with rivals — Nvidia has a pl

Nvidia lost ~$1T in market value in less than two months, dropping 16% from its May all-time-high, trading at 18x forward earnings, its lowest level since 2019 (Bloomberg)

Bloomberg: Nvidia lost ~1T in market value in less than two months, dropping 16% from its May all-time-high, trading at 18x forward earnings, its lowest level since 2019 — After losing roughly 1 trill

OpenAI launches GPT-Live, a new generation of voice models built on a full-duplex architecture, meaning they can listen and speak at the same time (OpenAI)

OpenAI: OpenAI launches GPT-Live, a new generation of voice models built on a full-duplex architecture, meaning they can listen and speak at the same time — A new generation of voice models for natura

OpenAI rolls out two versions of GPT-Live: GPT-Live-1, powering ChatGPT Voice for Go, Plus, and Pro users, and GPT-Live-1 mini, the default for free users (Sabrina Ortiz/The Deep View)

Sabrina Ortiz / The Deep View: OpenAI rolls out two versions of GPT-Live: GPT-Live-1, powering ChatGPT Voice for Go, Plus, and Pro users, and GPT-Live-1 mini, the default for free users — While native

OpenAI says it found widespread task issues in SWE-Bench Pro, estimates ~30% of tasks are broken, and retracts its earlier recommendation to adopt the benchmark (OpenAI)

OpenAI: OpenAI says it found widespread task issues in SWE-Bench Pro, estimates ~30% of tasks are broken, and retracts its earlier recommendation to adopt the benchmark — Through a detailed audit, we

Oratomic, which is developing quantum computing hardware and software, raised a $300M Series A led by ARCH Venture Partners, Spark Capital, and Khosla Ventures (Matt Swayne/The Quantum Insider)

Matt Swayne / The Quantum Insider: Oratomic, which is developing quantum computing hardware and software, raised a 300M Series A led by ARCH Venture Partners, Spark Capital, and Khosla Ventures — - Or

Paris-based Skello, which provides AI-powered HR tools for frontline workforce management, raised €200M led by Bridgepoint to support its European expansion (David Cendon Garcia/EU-Startups)

David Cendon Garcia / EU-Startups: Paris-based Skello, which provides AI-powered HR tools for frontline workforce management, raised €200M led by Bridgepoint to support its European expansion — Paris-

Prime Intellect, which helps companies build their own AI agents by offering computing power and specialized tools, raised a 130M Series A at a 1B valuation (Marina Temkin/TechCrunch)

Marina Temkin / TechCrunch: Prime Intellect, which helps companies build their own AI agents by offering computing power and specialized tools, raised a 130M Series A at a 1B valuation — Prime Intelle

Sources: China plans to let some of its biggest AI companies buy a small number of Nvidia's H200 chips to offset a domestic computing shortage in recent months (Qianer Liu/The Information)

Qianer Liu / The Information: Sources: China plans to let some of its biggest AI companies buy a small number of Nvidia's H200 chips to offset a domestic computing shortage in recent months — China pl

Sources: Meta is testing AI glasses that continuously record audio and take photos every few seconds, letting users query or recall what they saw or heard (Hannah Murphy/Financial Times)

Hannah Murphy / Financial Times: Sources: Meta is testing AI glasses that continuously record audio and take photos every few seconds, letting users query or recall what they saw or heard — Mark Zucke