| Rolfe Winkler / Wall Street Journal: |
Apple raises Mac, iPad, and other product prices by 15%-25%, saying it has “never seen a component price increase this much, this quickly”; iPhone is unchanged — Increases come a week after Tim Cook said higher memory costs made them ‘unavoidable’| Mark Gurman / Bloomberg: |
Apple says “the rapid expansion of AI data centers has created an extraordinary surge in demand for memory and storage”; the MacBook Neo rises from $599 to $699 — Apple Inc. took the extreme measure of raising prices of all Macs, iPads, home devices and the Vision Pro on Thursday … | Ethan Gach / Kotaku: |
Sony's Bungie says it is laying off a “significant number of employees”, including “most of the Destiny team”; Bungie has an estimated headcount of 800 — The studio said the sci-fi MMO failed to meet expectations … The studio announced a “reduction in force” … | Don Clark / New York Times: |
IBM details a 0.7nm chip manufacturing process that utilizes a “nanostack” 3D transistor architecture, which it says could continue chip innovation for 10 years — Industry leaders had worried that innovations in chip miniaturization were no longer possible.| Maggie Eastland / Bloomberg: |
Sources: in a letter to US officials, Anthropic accused Alibaba of adversarial distillation, using Claude 28.8M times from April to June via almost 25K accounts — Anthropic PBC accused Chinese technology giant Alibaba Group Holding Ltd. of waging a large-scale effort to “illicitly” … | Jeanny Yu / Bloomberg: |
Alibaba's Hong Kong stock closed down 4.43% after Anthropic accused Alibaba of “illicitly” accessing its AI models, down 36.24% YTD; Xiaomi and Baidu fell ~2% — Alibaba Group Holding Ltd. shares slid to a 16-month low in Hong Kong after Anthropic PBC accused the Chinese technology giant of … | Wall Street Journal: |
TRM Labs: since 2019, Iran-linked crypto wallets, including those tied to Iran's central bank, have moved $3.84B+ in transactions through crypto exchange CoinEx — Iranian entities have moved more than $3.84 billion in transactions through the crypto exchange CoinEx, according to an analysis of public blockchain data| Lydia DePillis / New York Times: |
OpenAI, Anthropic, Amazon, Microsoft, and others launch Raise Us, a new non-profit led by ex-Commerce Secretary Gina Raimondo to help US workers adapt to AI — OpenAI, Anthropic, Amazon and Microsoft have signed on to an effort led by Gina Raimondo, a former commerce secretary.| Aisha Malik / TechCrunch: |
Facebook brings back Facebook Creator Studio as a stand-alone app with a built-in AI chatbot to help creators grow their audiences through personalized guidance — Facebook announced on Wednesday that it's reimagining its Creator Studio tool as a standalone AI companion app designed … | Financial Times: |
Sources: Meta has accelerated its plans to use LLMs to review content and ads, replacing ~50% of human review requests in 2026 and aiming for 90%+ by year-end — Facebook parent is accelerating plans to use large language models to review content and ads across its platforms.| Yifan Yu / Nikkei Asia: |
Qualcomm CEO Cristiano Amon says the company is designing data center chips specifically for Chinese customers that are in compliance with US export controls — NEW YORK — Qualcomm unveiled its data center chip lineup on Wednesday, becoming the latest chipmaker to enter the AI processor race … | Kif Leswing / CNBC: |
| Jacob Reid / Bloomberg: |
Exponential View: global AI sales, excluding China, hit $25B in Q1, exceeding an estimated $21B in data center and chip depreciation costs; margins remain thin — Revenue from artificial intelligence has reached a tipping point, showing that the hundreds of billions of dollars tech companies … | Financial Times: |
As China's working-age population shrinks, consensus is growing that China must embed embodied AI robots into as many tasks as possible, as soon as possible — The country's workforce is set to fall to 300mn by the end of the century. Beijing wants humanoids to narrow the labour gap.| Samuel Stolton / Bloomberg: |
Preliminary findings: the EU says Azure and AWS are “the largest and second largest” cloud services in the EU, as the bloc weighs up tougher DMA oversight — Microsoft Corp.'s Azure and Amazon Web Services face tough European Union guardrails after regulators said they should be targeted by the bloc's Digital Markets Act.| Financial Times: |
How risk modelers like Fathom and Verisk are using AI and diffusion models to bypass the limits of physics-based “cat” models to predict natural disasters — Catastrophe scientists are pushing past the limits of physics-based models, improving how insurers calculate risk| Tina Li / Wall Street Journal: |
Mirendil, founded by former Anthropic researchers and seeking to build self-improving AI for open-source developers, raised a $200M seed at a $1B valuation — Mirendil raises $200 million from Andreessen Horowitz and Kleiner Perkins to make AI that can do the job of an AI engineer| Alberto Nardelli / Bloomberg: |
Sources and a draft document: the US proposes that the EU sign on to an AI partnership to help secure chip supply chains; the one-page statement had few details — The US has proposed that the European Union sign on to an artificial intelligence partnership as part of an effort to create … | Bloomberg: |
The Netherlands is lobbying the US to not expand chip equipment export controls that would constrain ASML's ability to sell immersion DUV machines to China — The Netherlands is lobbying the US to not expand export controls on semiconductor equipment, a move that would constrain ASML Holding NV's ability to sell to China.| Gianluca Lo Nostro / Reuters: |
Anthropic hires French telecom group Orange's Chief AI Officer Steve Jarrett to help Anthropic “better understand and adapt” its products to Europe and Africa — The artificial intelligence head of French telecoms group Orange (ORAN.PA) has left the company to join U.S. AI startup Anthropic, he said on Thursday.| Steven Rosenbush / Wall Street Journal: |
Scaled Cognition, a reliability-focused lab that develops the Agentic Pretrained Transformer model, raised a $100M Series A led by Khosla at a $750M valuation — AI models can be ‘like schizophrenic geniuses,’ says CEO who raised $100 million in round led by Khosla Ventures| Bloomberg: |
NAND flash maker Kioxia, Japan's most valuable company since June 12, plans to offer US depositary shares in spring 2027 amid AI-driven demand for memory chips — Kioxia Holdings Corp. plans to offer US depositary shares in the spring of 2027 and a stock split to take advantage of runaway demand … | Cheng Ting-Fang / Nikkei Asia: |
Arm EVP Mohamed Awad says its chip architecture now accounts for 50%+ of the hyperscale cloud computing market, as AI demand transforms the data center industry — TAIPEI — SoftBank-backed chip designer Arm says it has hit a milestone in its decades-long challenge to Intel and AMD … | Heather Landi / Fierce Healthcare: |
Assort Health, which develops AI voice agents for health care to handle scheduling and more, raised a $120M Series C led by Menlo Ventures at a $1.2B valuation — Assort Health Menlo Ventures agentic AI voice AI — Assort Health picked up $120 million in series C funding … | Bloomberg: |
Digital advocacy firms like CiviClick and Influent appear to use AI to generate mass public comments on local energy projects, mostly favoring fossil fuel use — From California to North Carolina, officials weighing policy changes are being inundated with comments via platforms that tout AI capabilities.| Financial Times: |
A profile of incoming WhatsApp CEO Kunal Shah, who studied philosophy, advised Sequoia India, and joins a growing pool of Indian-born executives at US companies — Kunal Shah has experience in building transaction platforms and insights into emerging markets| Lily Mae Lazarus / Fortune: |
Sail, whose software optimizes how AI models run on existing chips, emerges from stealth with $80M in seed and Series A led by Kleiner at a $450M valuation — For months, Kleiner Perkins partner Aditya Naganath had been mulling over his investing thesis that the next wave of AI wasn't going to be a chatbot … | Erin Woo / The Information: |
Sources: Google expands the scope of its months-old AI coding strike team to “midtraining” to try to catch up with Anthropic, after major executive departures — Google is reorganizing its recently launched strike team working on AI coding tools to try to catch up with Anthropic … | Jeff Kauflin / Forbes: |
Australian payments startup Airwallex raised $320M led by Lee Fixel's Addition at an $11B valuation, and is incubating blockchain payments startup Metal — Amid allegations of sharing customer data with China, Australian payments startup Airwallex, now valued at $11 billion, is gunning for Stripe and Ramp.
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