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Techmeme

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

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Filing: Polymarket is seeking CFTC approval to offer margin trading in the US, a move that would let users bet on events with less capital upfront (Bloomberg)

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

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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)

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

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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)

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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)

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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)

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

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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)

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MiniMax is looking to raise as much as $1.9B by selling 35.6M shares at ~$34 each and offering ~$830M in convertible bonds due 2027 (Bloomberg)

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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)

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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)

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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)

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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)

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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)

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Mercor acquires Deeptune, which builds reinforcement learning environments for AI agents, three months after CEO Brendan Foody backed Deeptune's $43M Series A (Lily Mae Lazarus/Fortune)

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Sources: Netflix executives are increasingly worried about declining engagement and are exploring adding live TV and bundling streaming services like Peacock (Wall Street Journal)

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Coinbase's chief legal officer, Paul Grewal, is stepping down after six years; VP of legal Molly Abraham moves into his role with the title of general counsel (Hannah Lang/Reuters)

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Federal Reserve Chair Kevin Warsh names Marc Andreessen and Xbox CEO Asha Sharma to lead a task force on the economic impact of new technologies, including AI (Andrew Ackerman/Washington Post)

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Google says it will automatically add a disclosure to ads that are made with its AI advertising tools, expanding the disclosure beyond election ads to all ads (Sarah Perez/TechCrunch)

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PitchBook: US venture funding hit $412.7B in H1 2026, up 30% on all of 2025, with AI startup funding accounting for 86%, or $355.9B; Q2 saw seven $1B+ rounds (Duncan Riley/SiliconANGLE)

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Anthropic, set to add usage-based billing for Fable 5 on July 12, aims to return the model to Claude's subscription plans "when sufficient capacity allows" (Maxwell Zeff/Wired)

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The EU Parliament advances a bill letting tech companies scan for CSAM, reviving a proposal rejected in March, with an exemption for E2EE services like WhatsApp (Sam Clark/Politico)

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OpenAI is discontinuing ChatGPT Atlas, its standalone desktop browser, in favor of the new ChatGPT desktop app (Zac Hall/9to5Mac)

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Sources: AI contractor marketplace Mercor is discussing raising new funds at a roughly $20B valuation, less than a year after raising money at a $10B valuation (Bloomberg)

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OpenAI merges Codex and ChatGPT desktop apps for Mac and Windows under a new ChatGPT desktop app, allowing users to switch between Codex, Chat, and Work (Zac Hall/9to5Mac)

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GPT-5.6 Sol costs $5 per 1M input tokens and $30 per 1M output tokens, GPT-5.6 Terra costs $2.50 and $15, and GPT-5.6 Luna costs $1 and $6 (OpenAI)

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OpenAI broadly releases GPT-5.6, and launches ChatGPT Work, an AI agent that can gather context across apps and files to create documents, on macOS and Windows (Axios)

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Microsoft President Brad Smith says the US now has AI "regulation without transparent or complete rules", and adds that "without rules, businesses can't plan" (Beatrice Nolan/Fortune)

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Kraken Technology, which designs and builds autonomous maritime platforms, such as uncrewed subsurface vessels, raised a $175M Series B at a $1B valuation (John Reynolds/Tech.eu)

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Bun's creator says he rewrote Bun from Zig to Rust using a Claude Fable 5 prerelease version in 11 days, noting it would've taken three engineers "about a year" (Jarred Sumner/bun.com)

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Character.AI launches three human-written, AI-generated microdramas, whose characters users can chat with, and aims to eventually let users make their own shows (Ivan Mehta/TechCrunch)

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Meta prices Muse Spark 1.1 at $1.25/1M input tokens and $4.25/1M output tokens; Alexandr Wang says improving coding and agentic performance was a key focus (Ina Fried/Axios)

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Meta launches a Meta Model API, which Mark Zuckerberg says will have "aggressive and attractive" pricing at ~25% of the cost of OpenAI's and Anthropic's models (Kurt Wagner/Bloomberg)

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Meta releases Muse Spark 1.1, capable of more advanced coding and a "step-change" from the first generation, available to US developers via a public API preview (Dominic Preston/The Verge)

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European startups raised $24B in Q2, up 66% YoY and the strongest quarter in four years; UK startups raised $10.4B, above Germany's $3.2B, and France's $2.4B (Gené Teare/Crunchbase News)

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Anthropic debuts a "reflection" dashboard in beta for Free, Pro, and Max users with memory turned on, to track their Claude activity over 1, 3, 6, or 12 months (Anthropic)

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Databento, which sells financial data feeds, raised a $97M Series B led by NEA, taking its total funding to $127M, and says it is "profitable every month" (Lily Mae Lazarus/Fortune)

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Micron raises its US capex commitment to $250B through 2035, adding $50B for New York, Idaho, Virginia, and other projects, and invests $500M in GlobalWafers (Maggie Eastland/Bloomberg)

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Ollama, which helps developers run open-weight AI models locally, raised a $65M Series B led by Theory Venture, following a $15M Series A led by Benchmark (Julie Bort/TechCrunch)

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PrismML shrunk Qwen 3.6 to 27B parameters and ran it on an iPhone 17 Pro, bigger than any prior mobile model; sources: Apple talked with PrismML about its tech (Aaron Tilley/The Information)

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Memo: Meta plans to start manufacturing its in-house AI chip, codenamed Iris, from September, as part of its plan to boost its computing power to 14GW in 2027 (Reuters)

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India scraps import duties on some parts used to make devices like phones until March 31, 2029, removing 7.5% and 5% levies, which might help Apple and Xiaomi (Nikunj Ohri/Reuters)

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Apple supplier Luxshare fell in its Hong Kong trading debut, closing down 1.6%, after raising ~$3.1B in the city's biggest listing in 2026 so far (Bloomberg)

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Enterprise AI agent startup Lyzr is raising a $100M Series B at a ~$500M valuation, up from $250M in a Series A in 2026, and says agents wrote investment memos (Saritha Rai/Bloomberg)

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Internal DOJ memo: attorneys on crypto cases should expect less cooperation from Binance, which is adding asset freeze requirements; Binance denies any changes (Leo Schwartz/The Information)

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US cybersecurity and data resilience company Rubrik plans to invest $500M+ in the UK over the next five years and establish its European headquarters in London (Paul Sandle/Reuters)

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Interpol and law enforcement agencies arrest 5,811 suspects and seize $293M in an operation combating social engineering scams and fraud across 97 countries (Sergiu Gatlan/BleepingComputer)

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Leaked renders via Android Headlines show the Samsung Galaxy Z Flip 8, Z Fold 8, Watch 9, and Watch Ultra 2; the Galaxy Z Fold 8 is likely the new wide foldable (Lawrence Bonk/Engadget)

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