10:55 PM • | M.G. Siegler / Spyglass: Perplexity's unsolicited $34.5B bid for Chrome with claimed VC backing is clearly a marketing stunt and maybe a signal to the judge in Google's antitrust case |
10:45 PM • | Carl Franzen / VentureBeat: OpenAI restores GPT-4o for paid ChatGPT users, vows “plenty of notice” if it deprecates 4o, and raises GPT-5 Thinking rate limits to 3,000 messages per week |
9:20 PM • | Tim Bradshaw / Financial Times: Similarweb: UK traffic fell 47% for Pornhub, 47% for XVideos, and 39% for xHamster from July 24, the day before age verification rules took effect, to August 8 |
8:25 PM • | Duncan Riley / SiliconANGLE: New Jersey-based 1Kosmos, which provides identity verification and passwordless authentication software, raised a $57M Series B, including a $10M line of credit |
8:10 PM • | Joedy McCreary / MedPage Today: Study: endoscopists accustomed to using AI during colonoscopies detected fewer precancerous growths after the tech was taken away, raising “deskilling” concerns |
7:55 PM • | Jagmeet Singh / TechCrunch: India's RBI grants Paytm “in-principle” approval to operate as a payment services provider for online merchants, after China's Ant Group sold its entire stake |
6:40 PM • | Mark Gurman / @markgurman: In response to Elon Musk's claims that the App Store favors ChatGPT, Apple says that it “is designed to be fair and free of bias” and has “objective criteria” |
6:25 PM • | Allie Garfinkle / Fortune: Squint, which uses AI and AR to modernize manufacturing for companies like Pepsi, raised a $40M Series B led by The Westly Group and TCV at a $265M valuation |
6:05 PM • | Mayank Parmar / BleepingComputer: OpenAI rolls out Connectors for Gmail, Google Calendar, and Google Contacts in ChatGPT for Pro subscribers, with Plus, Team, Enterprise, and Edu plans to follow |
5:35 PM • | Sharon Goldman / Fortune: NYC-based Profound, which helps brands optimize visibility in AI search responses, raised a $35M Series B led by Sequoia, bringing its total funding to $58.5M |
5:30 PM • | Christina Cheddar Berk / CNBC: Circle announces it will offer 10M shares to the public, of which 8M will be sold by existing stockholders; CRCL drops 4%+, but is up 450%+ since its June 5 IPO |
5:20 PM • | Bloomberg: CoreWeave reports Q2 revenue up 207% YoY to $1.21B, vs. $1.08B est., and adjusted net loss up 2,450% YoY to $130.8M, vs. $96.3M est.; CRWV drops 10%+ |
5:00 PM • | Jordan Novet / CNBC: CoreWeave shares drop even as revenue and guidance top estimates |
4:50 PM • | Financial Times: Sources: OpenAI is preparing to back Neuralink rival Merge Labs, co-founded by Sam Altman, that aims to raise $250M at an $850M valuation, including from OpenAI |
4:20 PM • | Daniel Kuhn / The Block: eToro reports Q2 revenue up 13% YoY to $2.1B, assets under administration up 54% YoY to $17.5B, and adjusted non-GAAP net income up 23% YoY to $54.2M |
4:20 PM • | New York Times: Sources: US investigators found evidence that Russia is at least partly responsible for the US federal court's filing system being under attack since early July |
3:55 PM • | Lauren Forristal / TechCrunch: Match settles with the US FTC for $14M and will make changes like making subscription canceling easy, after the FTC sued in 2019 over false advertising and more |
2:50 PM • | Henry Chandonnet / Business Insider: Despite Elon Musk's claim Apple “makes it impossible” for non-OpenAI AI apps to top its App Store, DeepSeek was #1 in January; Grok may have been #1 in February |
2:25 PM • | Sarah Perez / TechCrunch: Appfigures: AI companion apps are on track to generate $120M+ in revenue in 2025 and had 60M downloads via Apple's App Store and Google Play in H1, up 88% YoY |
1:25 PM • | Emma Roth / The Verge: Google launches Preferred Sources in the US and India, allowing users to personalize the news in Search's “top stories” section by selecting favorite outlets |
1:15 PM • | Ashley Stewart / Business Insider: Sources: Microsoft is trying to poach Meta's AI talent and offering multimillion-dollar pay packages, with a mandate to match Meta's compensation for top talent |
1:05 PM • | Adrian Zmudzinski / Cointelegraph: Qubic, a layer-1 blockchain project that pools mining resources, has been trying a 51% attack on Monero and says it succeeded, causing Monero's price to fall |
12:55 PM • | Kylie Robison / Wired: Character.AI says it is generating revenue at a $30M+ run rate and has 20M MAUs, 55% of whom are female, who chat for 75 minutes per day with a bot on average |
12:40 PM • | Emily Price / Fast Company: Meta says Threads has 400M+ monthly active users, up from 350M MAUs in April; Similarweb says Threads had 15.3M mobile DAUs in the US in June, below X's 22.9M |
12:30 PM • | Maxwell Zeff / TechCrunch: Anthropic updates Claude Sonnet 4 to support a 1M token context window, letting it process prompts up to 750K words or 75K lines of code, up 5x on its old limit |
11:45 AM • | Katherine Blunt / Wall Street Journal: Perplexity offers to acquire Chrome for $34.5B, significantly more than Perplexity's estimated $18B valuation, and says large VC funds agreed to back the deal |
11:15 AM • | Bob Van Voris / Bloomberg: In US court, Terraform Labs co-founder Do Kwon pleaded guilty to conspiracy and wire fraud charges over TerraUSD's $40B collapse in a plea deal with prosecutors |
9:10 AM • | Benicia Tan / Bloomberg: Indian entrepreneur Bhavin Turakhia partners with GoDaddy to offer enterprises his email service Titan, which costs $2+ per month, aiming for 10M+ users by 2029 |
8:40 AM • | James Hunt / The Block: Circle reports Q2 revenue up 53% YoY to $658M, USDC circulation up 90% YoY to $61.3B, a $482M net loss, and unveils Arc, a stablecoin-focused Layer 1 blockchain |
8:10 AM • | Financial Times: Anthropic signs a deal to offer Claude to US lawmakers for $1/year, following OpenAI; a source says Google is in talks to offer Gemini on similarly cheap terms |
7:25 AM • | Bloomberg: Sea reports Q2 revenue up 38% YoY to $5.26B, vs. $5B est., a $414M net income, vs. $444M est., Shopee revenue up 34% YoY to $3.8B, driven by commissions and ads |
6:40 AM • | Lauren Goode / Wired: Q&A with AMD CEO Lisa Su on AI accelerators, US manufacturing, becoming AMD's CEO in 2014, OpenAI, Tesla, xAI, China, ROCm, aiming to surpass Nvidia, and more |
6:30 AM • | New York Times: How Larry Ellison is focusing his philanthropic efforts on the Oxford-based, for-profit Ellison Institute of Technology, promising to spend £1B on the project |
6:20 AM • | Nicole Friedman / Wall Street Journal: How Google's, Meta's, and Apple's pledges to spend billions on new Silicon Valley housing failed to meet expectations; Apple spent $1.6B+ by July 2024, the most |
6:05 AM • | Richard Waters / Financial Times: Google and IBM believe the first industrial-scale quantum computer is in sight, potentially by 2030, but challenges like scaling from <200 to 1M+ qubits remain |
5:50 AM • | Wall Street Journal: How Jensen Huang successfully lobbied Trump to resume Nvidia's H20 sales to China; US officials hadn't vetted the 20% pay-to-play proposal when Trump offered it |
5:40 AM • | The Verge: Epic says it is bringing Fortnite back to iOS in Australia “at a date to be determined”, after a judge ruled Apple and Google's app stores are anticompetitive |
5:35 AM • | ABC: An Australian federal judge rules Apple and Google engaged in anticompetitive conduct by misusing their app store market power, but rejects Epic's other claims |
3:55 AM • | Bloomberg: Sources: Chinese authorities urge local companies to avoid using less advanced US chips, particularly Nvidia's H20s, for government or national security work |
2:00 AM • | James O'Donnell / MIT Technology Review: A look at potential issues as US judges follow lawyers in testing generative AI; some want to expedite legal research, summarize cases, and draft routine orders |