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SK Hynix's historic US stock market listing is a bet that the AI boom is breaking the memory chip industry's decades-long boom-and-bust cycle (Bloomberg)

An analysis of 1M+ social media posts from April 24 to June 30: ~25% of longform posts with 250+ words were fully AI-generated; on LinkedIn, the figure was 41% (Max Spero/Pangram Labs)

Sources detail the Trump admin's heavy-handed intervention to aid Intel, including pushing it to expand local capacity and pressuring Apple to use Intel's fabs (Robbie Whelan/Wall Street Journal)

Sources: activist investor Elliott has built a large stake in car insurance software maker CCC, which is exploring a potential sale and has a ~$3.5B market cap (Bloomberg)

OpenAI's head of safety, Johannes Heidecke, is leaving as OpenAI integrates its research and safety teams; Mia Glaese will become VP of research and safety (Maxwell Zeff/Wired)

Thinking Machines says its mission is to build AI that people and organizations can shape and make their own, and that "extends human will and judgment" (Thinking Machines Lab)

SK Hynix CEO Kwak Noh-Jung says the memory industry is heading for its worst-ever supply shortage in 2027 and demand will outstrip supply beyond 2030 (Reuters)

Meta says it will discontinue a feature that allowed users to generate images in Meta AI using public Instagram accounts, following days of criticism (Corbin Bolies/Variety)

In response to Apple's trade secret theft lawsuit, OpenAI says "we have no interest in other companies' trade secrets" (Marcus Mendes/9to5Mac)

CISA says weak security controls around the use of public GitHub repos allowed a contractor to accidentally leak private cloud access keys and other credentials (Eric Geller/Cybersecurity Dive)

Bluesky interim CEO Toni Schneider becomes the company's permanent CEO, four months after succeeding Jay Graber (Lucas Ropek/TechCrunch)

A US NLRB judge rules that Atlassian had illegally fired an employee in 2023 for pushing back against manager layoffs, and orders reinstatement and compensation (Noam Scheiber/New York Times)

Apple says OpenAI leadership "normalized" misconduct and OpenAI's hardware business is "rotten to its core by its illegal reliance" on stolen trade secrets (Sarah Perez/TechCrunch)

In its lawsuit, Apple chronicles in vivid detail how its former employees that went to work for OpenAI allegedly violated their confidentiality agreements (Aaron Tilley/The Information)

Apple alleges that a former Apple engineer kept a work-issued Apple laptop and exploited a bug to access Apple's cloud file storage while employed by OpenAI (Megan Morrone/Axios)

Apple claims OpenAI recruited 400+ ex-Apple employees, including an iPhone engineer who allegedly downloaded confidential hardware files before joining OpenAI (Mark Gurman/Bloomberg)

Apple alleges that Tang Tan, OpenAI's chief hardware officer and a former Apple VP, has directed Apple staffers interviewing at OpenAI to share Apple secrets (CNBC)

Apple sues OpenAI, alleging that ex-Apple employees stole "Apple's trade secrets for the benefit of OpenAI", and says OpenAI never responded to its concerns (Chance Miller/9to5Mac)

Source: Greg Brockman will continue to oversee OpenAI's products as the company doesn't plan to hire anyone to replace Fidji Simo after she stepped down (CNBC)

The Department of Commerce loosens export controls to the UAE, letting G42 and US companies like Apple, Meta, and xAI export AI chips to UAE without a license (Karen Freifeld/Reuters)

China drops a numerical target for urban job creation in its five-year plan, the first such omission since the 1990s, amid volatility fueled by AI displacement (Bloomberg)

Filing: college social app Fizz accuses Maveron's Jerry Lu of giving confidential info to rival Sidechat after he met with Fizz as a potential investor in 2022 (Sarah Perez/TechCrunch)

Privacy advocates, CAA, and SAG-AFTRA slam Meta's Muse Image, which lets users create AI images using the likenesses of people with public Instagram accounts (Ina Fried/Axios)

Analysis: Alphabet, Amazon, Meta, Microsoft, and Oracle, the top spenders on new US data centers, collectively added ~$350B in debt over the past five years (Bloomberg)

SK Hynix closed up 12.76% at $168.01 in its first day of trading on Nasdaq, after raising $26.5B in the largest ever US market debut by a foreign company (Kif Leswing/CNBC)

Phia, a shopping app co-founded by Phoebe Gates that has raised $43.5M, appears to be using fake clicks or "cookie stuffing" to claim affiliate commissions (Bloomberg)

Munich-based QuantumDiamonds, which uses quantum sensors to detect chip defects, raised €91M, including €76M under the European Chips Act (Cristian Dina/The Next Web)

Like the Claude app it imitates, the new ChatGPT "Super App", which merges Codex with ChatGPT, is a tangle of toggles and strange UI decisions (M.G. Siegler/Spyglass)

An RIAA-led coalition representing labels and artists proposes two tags for AI content: one for entirely AI-generated songs and another for "AI-assisted" tracks (Katherine Sayre/Wall Street Journal)

Xreal launches $299 A01 Plus AR glasses, weighing just 62 grams and featuring 1080p micro OLED panels with a 120Hz refresh rate and a 50-degree field of view (Cameron Faulkner/The Verge)

The UK designates Microsoft, Google, Amazon, and Oracle as critical third-party financial sector suppliers, bringing them under direct regulatory oversight (Muvija M/Reuters)

Malaysia Prime Minister Anwar Ibrahim plans to debut an agentic AI avatar of himself within days, which is meant to help the public navigate government services (Saritha Rai/Bloomberg)

Circle says it received US regulator approval to start a national digital-currency trust bank, allowing it to offer institutional custody services (Vildana Hajric/Bloomberg)

A US court sentences a former ransomware negotiator to 70 months in prison for colluding with BlackCat to extort $75.3M from five of his employer's clients (Matt Kapko/CyberScoop)

In preliminary findings, the EU Commission said Facebook's and Instagram's "addictive design" violates the DSA, telling Meta to make changes or risk hefty fines (Adam Satariano/New York Times)

Polymarket is seeking CFTC and NFA approval to offer margin trading in the US, which would let users bet on events with less capital upfront and attract traders (Bloomberg)

Taiwan's leading DRAM maker Nanya Technology expects its capex to exceed ~$6.2B in 2027, up ~4x YoY, and reports unaudited Q2 revenue of ~$2.6B, up 684% YoY (Wen-Yee Lee/Reuters)

Memo: MiniMax CEO Junjie Yan tells employees he will forgo his salary until MiniMax achieves AGI and promises to allocate personal shares to employee incentives (Juro Osawa/The Information)

OpenAI and Google are selling their advanced AI models to Singapore-based subsidiaries of Alibaba, Baidu, and Tencent, exposing a gap in the US' AI controls (Madhumita Murgia/Financial Times)

Interviews with employees and insiders reveal how CXMT is amassing tech, funding, and state support to challenge top memory chipmakers and build local suppliers (Gao Yuan/Bloomberg)

A look at Meta Superintelligence Labs' growth in the past year, including a top-tier RL environment and compute ramp that could catch up to Anthropic and OpenAI (SemiAnalysis)

Sources: Manus' investors and management are discussing unwinding Meta's $2B buyout at the same valuation, with Tencent in talks to become the largest investor (Zijing Wu/Financial Times)

Carlyle agrees to sell US data center power and infrastructure platform Copia to EQT; sources: the deal values Copia at $2.6B, a more than 5x return for Carlyle (Financial Times)

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)

MiniMax is looking to raise as much as $2B by selling 35.6M shares at ~$34 each and offering ~$830M in zero-coupon convertible bonds due in 2027 (Bloomberg)

1X says its humanoid robot Neo's five-fingered hands have tendon-style actuators that give it 25 degrees of freedom of movement, nearly the same as a human hand (Boone Ashworth/Wired)

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)

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)

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)

Fidji Simo says she has decided to leave her full-time role at OpenAI and transition to being a part-time adviser after her medical condition worsened (Wall Street Journal)