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Techmeme

PayPal reports Q2 revenue up 5% YoY to $8.68B, above $8.47B est., transaction margin dollars up 1% YoY to $3.9B, and a $1.1B profit, down from $1.26B in Q2 2025 (Elias Schisgall/Wall Street Journal)

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Sources: Amazon overhauls its AI strategy, deprecating several flagship Nova AI models, as it shifts resources to its Frontier Model Research initiative (Eugene Kim/Business Insider)

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European police say Binance's April 2025 policy asking law enforcement to route certain requests to foreign governments significantly delays criminal probes (New York Times)

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CXMT's IPO delivers a windfall for Hefei, an eastern China inland industrial city, with the government sitting on 5,000%+ paper gains after an early investment (William Sandlund/Financial Times)

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AI Forensics: seven out of the nine top AI image models on Hugging Face edited an image of a clothed woman into a topless one using a simple six-word prompt (Matt Burgess/Wired)

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Sources: Taiwan detained an Nvidia employee as part of a probe into the alleged smuggling of AI chips into China, after searching his home and office on July 24 (Mackenzie Hawkins/Bloomberg)

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Baidu begins testing its purpose-built Apollo Go RT6 robotaxis with human safety operators in outer London; Baidu plans to deploy the taxis on Lyft's Freenow (Kirsten Korosec/TechCrunch)

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LSEG data: prices for credit default swaps, a closely watched gauge of risk, tied to Oracle, SpaceX, Alphabet, Nvidia, and others rise sharply to record highs (Financial Times)

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Meta and BlackRock form a strategic venture to develop a 1GW data center campus in El Paso, set to cost ~$14B and bring capacity online starting in 2028 (Meta Newsroom)

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Sources: Nvidia signs leases worth up to $50B for Hut 8's planned 1GW data center in Texas, hosting hundreds of thousands of chips; Hut 8 didn't name its client (Financial Times)

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Apple overtakes Nvidia to become the world's most valuable publicly traded company, two years after it lost the crown, closing at a $4.9T market cap on Monday (Kalley Huang/New York Times)

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A profile of Justin Sun, who made his fortune in the early phases of crypto, advised for Trump family's WLF, then sued WLF alleging fraud and breach of contract (Jen Wieczner/New York Magazine)

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Cursor introduces Cursor Start, a ~$7 monthly subscription exclusive to India, its third-largest market, priced below its standard $20 Pro monthly subscription (Jagmeet Singh/TechCrunch)

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How Chinese platforms like ActID and New Claw are paying people to license their likeness for AI-generated dramas and ads, often using vague licensing terms (Rest of World)

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South Korea's KOSPI drops 11%+, weighed down by chip stocks amid concerns over China's AI progress and the AI spending boom; Samsung falls 11%+ and SK Hynix 12% (Bloomberg)

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ChatGPT appears to block direct requests to copy an author's style, instead offering to capture the overall "feeling", amid its legal battles with book authors (Kyle Orland/Ars Technica)

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Several digital-asset treasury firms have pivoted to AI amid a slump in crypto prices, but their poor stock performance suggests the strategy is not working (Monique Mulima/Bloomberg)

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Apple releases updates for iOS, macOS, iPadOS, watchOS, tvOS, and visionOS with a huge number of security fixes; macOS Tahoe 26.6 alone addresses 155 CVEs (Zac Hall/9to5Mac)

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Claude chats appeared in Google and Bing results, despite Anthropic's robots.txt saying not to crawl them, likely because the pages lacked a "noindex" tag (Maddy Varner/Wired)

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Dario Amodei says Anthropic has "never" backed an open-weights model ban, lists reasons top chips shouldn't be sold to China, and calls for global model testing (Anthropic)

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Cadence reports Q2 revenue up 24.2% YoY to $1.58B and raises its annual revenue forecast to between $6.26B and $6.34B vs. $6.21B est.; CDNS up 4%+ after hours (Reuters)

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A federal judge issues a preliminary injunction blocking Minnesota from enforcing a newly enacted law that banned prediction markets like Kalshi and Polymarket (Nate Raymond/Reuters)

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French carrier Orange and infrastructure investor Morrison agree to create a data center platform in France targeting 400 MW, backed by a €3B investment program (Molly Schuetz/Bloomberg)

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X rolls out X Money to US Premium and Premium+ subscribers, combining a deposit account with up to 6% APY, free instant transfers on X, and a Visa debit card (Zac Hall/9to5Mac)

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The US National Vulnerabilities Database recorded 45,207 software security flaws so far in 2026, on pace to roughly double the tally of flaws recorded in 2025 (Patrick Howell O'Neill/Bloomberg)

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Xbox resolves a "major outage" affecting its Account & Profile, Store & Subscriptions, and Apps & Mobile services that lasted around 10 hours (Chris Scullion/Video Games Chronicle)

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Microsoft says MAI-Cyber-1-Flash and MDASH, its vulnerability identification harness, deliver "world-class performance at 50% of the cost of leading models" (Microsoft AI)

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Sources: Nvidia has committed to invest $5B in Ilya Sutskever's SSI; the startup has previously raised about $3B in funding and was valued at $32B last year (Shirin Ghaffary/Bloomberg)

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Microsoft introduces MAI-Cyber-1-Flash, an AI model trained for cybersecurity, and launches Perception, an agentic security system to patch vulnerabilities (New York Times)

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Moonshot AI releases model weights for Kimi K3 under the "Kimi K3 License" (Bloomberg)

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ASML shares fall 7%+ after a report that a Chinese state-backed company has begun manufacturing DUV machines; Applied Materials fell 6.5%+ and Lam Research 7%+ (Sarah Jacob/Bloomberg)

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Antares, which is developing reactors with 1 MW of capacity for US military bases, raised $370M in equity and $100M in debt co-led by Paradigm and Caffeinated (Will Wade/Bloomberg)

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Source: Sam Altman will meet with senior US officials, lawmakers, and economists in Washington, DC, this week to preview OpenAI's upcoming family of AI models (CNBC)

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Framework Laptop 13 Pro review: very good Intel Core Ultra X7 performance, excellent build quality and keyboard, but expensive because of high RAM prices (Antonio G. Di Benedetto/The Verge)

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NBCU and YouTube reach a multiyear deal to include all Peacock content in YouTube Premium subscriptions in the US starting in early 2027 (Lillian Rizzo/CNBC)

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Amazon files an FCC application to deploy a constellation of up to 5,105 satellites starting in 2028 to provide direct-to-device voice and data connectivity (Akash Sriram/Reuters)

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Enigma, which runs large-scale experiments exploring how humans interact with robots, emerges from stealth with a $70M seed led by Index Ventures and Ribbit (Marina Temkin/TechCrunch)

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Nvidia says it made a "substantial" investment in Safe Superintelligence, which will get access to Nvidia GPUs to up computing power by an "order of magnitude" (Keach Hagey/Wall Street Journal)

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How TikTok, Reels, and Amazon storefronts enabled microinfluencers with less than 100K followers to earn middle-class salaries via brand and affiliate deals (Melos Ambaye/Bloomberg)

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Sources: a Chinese state-backed company has begun manufacturing DUV machines, a key step in Beijing's drive to reduce its reliance on foreign chipmaking tech (The Information)

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China warns it will take "all necessary measures" if the US sanctions Chinese AI companies over allegations they improperly used US models to train their models (Bloomberg)

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Way Security, which uses AI-driven automation and agentic workflows to help deploy IAM systems, raised a $20M seed from Insight Partners and Glilot Capital (Chris Metinko/Axios)

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Nvidia forms the Open Secure AI Alliance, a coalition including CrowdStrike, Hugging Face, and Dell to develop and share tools for AI safety and cybersecurity (Jaspreet Singh/Reuters)

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A look at the secretive process Meta used to get an advantageous deal for its Hyperion data center in Louisiana, including tax breaks and lack of public input (New York Times)

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European satellite operators Eutelsat and SES stand to receive ~$6.1B in combined payments for helping clear 160 MHz satellite spectrum for US wireless services (Leo Marchandon/Reuters)

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Crypto exchange BitMart says it plans to wind down its trading platform on January 31, 2027, ending nine years of operation, and stops accepting new orders (Shaurya Malwa/CoinDesk)

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Spain-based Multiverse Computing, which shrinks LLMs to reduce energy and compute costs, raised a $570M Series C at a $1.7B valuation (Amelia Isaacs/Pathfounders)

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How some young adults are using AI to navigate social situations, from drafting pickup lines and texts to formulating responses in face-to-face conversations (Natalie Kaufman/Wall Street Journal)

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As open-weight models become the next AI ecosystem's foundation, a US ban on Chinese models would risk ceding the neutral substrate where innovation compounds (Tobi Knaup)

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A detailed recap of the Hugging Face breach by an internal OpenAI model, which repeatedly tried to escape OpenAI's sandbox and should be treated as critical (Zvi Mowshowitz/Don't Worry About the Vase)

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