| Wall Street Journal: |
Memo: Netflix is cutting 6% of its staff, or ~1,000 jobs globally across product, tech, legal, and HR, its biggest layoffs since 2022, amid slowing growth — Job cuts affect about 1,000 positions and come as the company struggles with slowing growth — Netflix is cutting 6% of its staff … | Yuliia Dysa / Reuters: |
Ukraine says SpaceX has restricted Starlink by cutting military-grade service at speeds exceeding 100mph, disrupting drone missions, and it received no warning — SpaceX (SPCX.O) has introduced a limit on some Starlink services in Ukraine, disrupting combat drone missions for which the technology … | Reuters: |
Filing: OpenAI says a staffer who joined Apple sent 100+ files to a personal account and made a presentation about an unreleased product to Apple leadership — An OpenAI employee who left the ChatGPT maker for Apple sent more than 100 files about an unreleased product to a personal account … | Annelise Levy / Bloomberg Law: |
| Michelle Fox / CNBC: |
CoreWeave stock drops 15%+ and its bond yields near 15%, over concerns that some tech companies are borrowing too heavily for the AI build-out; ORCL drops 8%+ — CoreWeave's stock and bonds were both hit on Wednesday as investor fear grew that some technology companies are borrowing too heavily … | Ryan McMorrow / Financial Times: |
CoreWeave says it is targeting insurers' “unlimited” capital, as the AI cloud provider seeks cheaper ways to fund the tens of billions it is spending on chips — Co-founder eyes insurers' vast capital for loans as the Nvidia-backed cloud provider seeks to fund the data centre build-out| Dylan Freedman / New York Times: |
Researchers say they discovered and communicated with Chinese AI agents that were trying to bypass security controls on websites and were traced to Tencent — Researchers discovered that the agents were trying to bypass security controls on websites and made contact with them.| Financial Times: |
Profile of Abdulrahman Alfozan, a Saudi national the FBI arrested after OpenAI found a recording device; he has deep ties to Saudi officials and tech investors — Arrest of computer engineer Abdulrahman Alfozan has shocked tech figures in Saudi Arabia, where he is deeply connected| The San Francisco Standard: |
| Dina Bass / Bloomberg: |
OpenAI names Uday Ruddarraju, who joined OpenAI last year and was promoted as CTO for compute in July, to lead its infrastructure and compute businesses — OpenAI has named former xAI executive Uday Ruddarraju to lead its infrastructure and compute businesses, marking the latest leadership shakeup … | Anissa Gardizy / Wall Street Journal: |
OpenAI's head of computing capacity Sachin Katti is leaving the company next month after about a year and is expected to stay on as an adviser — The artificial-intelligence company plans to spend around $750 billion on computing power through 2030 — OpenAI's head of computing capacity … | Jay Peters / The Verge: |
Epic unveils a refresh of its Epic Games Launcher for PC in preview, saying that the new version is “vibe coded” and “way faster”, and now supports Linux — Epic is making a big push into AI-assisted development, and that approach includes its work on the new, faster launcher.| Reuters: |
ASML says it cannot fully meet AI-driven demand for its chipmaking tools in 2027 and 2028, and is seeing “strong interest” in orders for 2029 and 2030 — ASML (ASML.AS) said on Wednesday AI-driven demand for its chip-printing tools is so strong that it will not be able … | Arjun Kharpal / CNBC: |
| Reuters: |
Jensen Huang says Nvidia is pledging $250M in accelerated computing resources over five years to fund UK AI security and agentic safety research — US chipmaker Nvidia (NVDA.O) has pledged $250 million worth of computing resources to Britain over five years, to fund AI security research … | Jason Schreier / Bloomberg: |
Inside the making of Rockstar's GTA VI, which analysts expect to sell 40M copies and make $3B+ in revenue in its first four months; Rockstar now has 4,711 staff — If the video game industry had something like an annual high school yearbook, the upcoming Grand Theft Auto VI would garner … | Anna Washenko / Engadget: |
WhatsApp rolls out a guest calling feature letting people join a call even if they don't have an account; guests cannot start a call and have to be invited — It's also working on calendar integrations for later this year. — WhatsApp is adding more flexibility for talking to people who aren't regular users of its service.| Peter Wells / Financial Times: |
Berkshire Hathaway invests an additional $330M in Bending Spoons, taking its stake to 4%, after investing $600M during Bending Spoons' July IPO; BSP jumps 40%+ — Shares of conglomerate that owns AOL and Vimeo jump more than 50% on news of expanded investment by Nebraska asset manager| Chris Metinko / Axios: |
AI infrastructure startup Modal raised a $750M Series D led by Accel at a $15.75B post-money valuation, taking its total funding to $1.2B, and passes $1B ARR — AI infrastructure startup Modal raised a $750 million Series D at a $15.75 billion post-money valuation and topped $1 billion in ARR … | Dustin Volz / New York Times: |
The FBI says it worked with CrowdStrike to dismantle 40+ laptop farms across Texas used to help North Koreans get remote US tech jobs under stolen identities — F.B.I. investigators worked with the cybersecurity firm CrowdStrike to dismantle so-called laptop farms that steal American identities to earn cash for Pyongyang.| Bloomberg: |
Sources: Anduril opens a tender offer of up to ~$1.3B for staff at a ~$90B valuation, available in 16 countries for the first time; it was valued at $61B in May — Anduril Industries Inc. is allowing employees to sell shares as part of a tender that stands to value the defense technology startup … | Luca Bertuzzi / Euronews: |
The EU Commission's AI Office launches formal AI Act probes into OpenAI and Anthropic over AI agent hacks; experts say the AI Act includes an R&D exemption — The EU is investigating OpenAI and Anthropic over AI agents that hacked outside organisations, raising questions about whether … | Leo Marchandon / Reuters: |
Open letter: Geoffrey Hinton, Yoshua Bengio, and over 400 scientists call for an international body to oversee AI containment standards and incident reporting — Around 400 scientists, including AI pioneers Geoffrey Hinton and Yoshua Bengio, on Tuesday called for an international body … | Gaby Del Valle / The Verge: |
Ukraine's drone strikes on Yandex data centers disrupted Yandex's web crawlers, not Russian political bot operations, as Zelenskyy celebrated “less division” — Zelenskyy celebrated ‘less division’ on social media after the strikes but the data isn't backing that up yet.| Bloomberg: |
Sources: the EU is negotiating with China to lift sanctions on an unnamed Chinese company in exchange for China lifting sanctions on a German ASML supplier — The European Union is in talks with China to secure relief from sanctions that threatened the survival of Sindlhauser Materials GmbH … | David Pierce / The Verge: |
Amazon Alexa Tablet 12 Pro review: gorgeous screen, Android apps, and nice design and build quality, but Amazon's bloatware is pervasive and Alexa+ is subpar — We have to talk about this screen. It's the first thing you notice, and maybe the only thing that matters, about the Alexa Tablet 12 Pro.
Azure Content Understanding: Building on lessons from a decade of Document Intelligence — What a decade of teaching machines to read real-world documents taught us about what LLMs can and can't do.
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.
UK tax compliance with Zoho Books — The evolving tax landscape in the UK has added an additional responsibility to business owners, accountants, and bookkeepers to ensure their choice of accounting software supports compliance …
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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