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A Ukrainian extradited from Ireland to the US pleads guilty to conspiracy to commit wire fraud for his role in Conti ransomware attacks between 2021 and 2022 (Lawrence Abrams/BleepingComputer)

Anthropic says it believes the US government's export control order for Mythos 5 and Fable 5 is a "misunderstanding" and that it is working to restore access (Ananya Palyekar/Reuters)

Moonshot AI releases Kimi K2.7-Code, claiming 30% lower reasoning token usage compared to K2.6, available under a modified MIT license (Sean Michael Kerner/VentureBeat)

Crypto-data provider Blockworks says it has acquired its rival Messari; source: Blockworks paid more than $10M for Messari, which was valued at $300M in 2022 (Vicky Ge Huang/Wall Street Journal)

Anthropic says it is disabling Fable 5 and Mythos 5 for all customers after the US government issued an export control order, citing national security concerns (Anthropic)

Source: the US Commerce Department decided to block foreign persons from accessing Fable 5 and Mythos 5 after a company claimed it was able to jailbreak Mythos (Axios)

OpenAI was subpoenaed on Friday by a coalition of state AGs for documents covering a wide range of its activities and impact on users (Wall Street Journal)

Sources detail frustration inside Meta's Applied AI team, formed in March to support Superintelligence Labs, over menial projects, "soul-crushing" work, more (Wired)

The US DOJ approves Paramount's $111B purchase of WBD without forcing divestitures or behavioral remedies; state AGs could still try to block the move (Yasmin Khorram/Politico)

Sources: three ex-DOGE staffers are raising $130M from a16z, Sequoia, and others for a startup that aims to use AI to secure government systems (Vanity Fair)

KPMG retracts a report on AI's benefits after it has been found to exaggerate AI adoption with case studies that appear to have been based on AI hallucinations (Financial Times)

Sources: Roku is in talks to sell itself; its shares have risen about 24% this year, giving the company a market value of $19.9B; ROKU jumps 20%+ after hours (Bloomberg)

Staff memo: Meta plans to limit employee token usage and encourage employees to use MetaCode, after internal AI spending forecasts reached billions for 2026 (Jyoti Mann/The Information)

Sources: SpaceX decided to rent its Colossus 1 data center to Anthropic after internal teams struggled to use it for Grok development due to latency issues (Edward Ludlow/Bloomberg)

Sources: Microsoft considered spinning out or restructuring its Xbox unit as a wholly-owned subsidiary, or creating a joint venture with other partners (Aaron Holmes/The Information)

A profile of Thibault Sottiaux, OpenAI's head of core products, who oversees efforts to combine ChatGPT and Codex into a super app and worked at Google DeepMind (Maxwell Zeff/Wired)

SpaceX closes up 19% at $160.95 in its debut, with a ~$2.1T market value, after opening at $150, up 11% from its IPO price; Musk becomes the first trillionaire (Alex Harring/CNBC)

SpaceX makes Nasdaq debut at $150 after pricing at $135: Live updates (CNBC)

Meta's services, including Facebook and Instagram, are recovering after a brief outage that affected thousands of users (Jaspreet Singh/Reuters)

MrBeast hits 500M subscribers on YouTube, becoming the first creator to reach the milestone, after crossing 100M subscribers in 2022 (Kayla Cobb/The Wrap)

Sam Bankman-Fried loses his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of FTX (Luc Cohen/Reuters)

Sources: six months after acquiring Rivos, Meta is struggling to integrate the chip startup and halted development of a chip for training its largest AI models (The Information)

Sources: French startup Mistral AI is in talks to raise ~€3B at a ~€20B valuation; it was last valued at €11.7B during a funding round in September 2025 (Bloomberg)

Companies with rising AI costs are increasingly using tools that tap cheaper models, including some from China, putting pricing pressure on OpenAI and Anthropic (Wall Street Journal)

Niantic Spatial says Pokémon Go data is "not part of" its deal with spatial AI company Vantor, after concerns that game data could be used for military drones (Kenneth Shepard/Kotaku)

New York City-based Current, which manages a consumer fintech platform, raised an $80M Series E at a $1.5B valuation led by Springcoast Partners (FinSMEs)

Google sues Chinese cybercrime network Outsider Enterprise, accusing it of using Gemini to create fake websites and scam hundreds of thousands of Americans (Cecilia Kang/New York Times)

SpaceX's trading debut is a test of the "Musk premium", the force behind Tesla's $1T+ valuation, and a gauge of investor appetite ahead of upcoming AI-tied IPOs (Reuters)

FanDuel owner Flutter plans to delist its LSE stock on August 3, citing low trading and high costs; Flutter moved its primary listing to the NYSE in 2024 (Lauren Almeida/The Guardian)

Memory chipmaker Kioxia replaces Toyota as Japan's largest company by market value; Kioxia's shares surged 7.6% on Friday, lifting its market cap above ~$274B (Kanoko Matsuyama/Bloomberg)

Sources: Nvidia has told Chinese clients that its new Vera CPUs for AI data centers could be available as soon as August and that they can begin placing orders (Reuters)

How Chinese manufacturers are dominating the humanoid robot supply chain in pace and price, even as the industry struggles to find a purpose for such robots (New York Times)

Hyderabad, India-based Equal AI, which makes an eponymous AI-powered call screening app, raised a $30M Series B led by Prosus Ventures and Tomales Bay Capital (Ivan Mehta/TechCrunch)

Oracle warns customers of a critical PeopleSoft flaw after ShinyHunters claimed breaches of 100+ organizations using PeopleSoft; Oracle has not issued a patch (Lorenzo Franceschi-Bicchierai/TechCrunch)

Infineon plans to open a €5B chip factory in Germany backed by EU subsidies, its largest single investment, on July 2 as Europe seeks to boost chip production (Christina Kyriasoglou/Bloomberg)

How Anthropic is blindsiding business partners by launching potentially competitive products with little warning, changing pricing, and more (The Information)

Sources: Shenzhen-based humanoid robot manufacturer EngineAI has filed confidentially for a Hong Kong IPO; the company was last valued at $1.5B in April 2026 (Julia Fioretti/Bloomberg)

Canadian challenger bank Koho raised a CA$130M Series E at a CA$1.33B valuation, up from $800M in 2023, as it nears obtaining a Canadian banking license (Josh Scott/BetaKit)

Q&A with Xbox Chief Strategy Officer Matthew Ball about returning to console-exclusive releases, how using in-game ads could offset development costs, and more (Christopher Dring/The Game Business)

An interview with Grindr CEO George Arison on turning the dating app into a "global gayborhood" hub with services for HIV treatment, hotel bookings, and more (Samantha Kelly/Bloomberg)

Nesto, a Montreal-based mortgage and finance tech startup, raised a CA$302M Series E at a CA$1.47B valuation to expedite deployment of its lending platform (Alex Riehl/BetaKit)

Analysis: assuming API pricing, the $200/month Claude Max and ChatGPT Pro plans offer up to ~$8,000/month and ~$14,000/month worth of tokens, respectively (@semianalysis_)

Xiaomi releases MiMo Code V0.1.0, an open-source AI coding assistant that it says outperforms Claude Code on agentic coding and software engineering benchmarks (Carl Franzen/VentureBeat)

Zelle owner EWS says it plans to expand the payment service later in 2026 to India, its first international market, and create its own USD-backed stablecoin (Associated Press)

Anthropic, OpenAI, and other AI startups have announced major London expansions over the past year, as the city emerges as a deep AI talent pool outside the US (Kai Nicol-Schwarz/CNBC)

Ted Cruz and Ron Wyden introduce the JAWBONE Act, which would let Americans sue US officials who try to coerce broadcasters or platforms into censoring speech (Jon Brodkin/Ars Technica)

Agentic workplace startup Genspark raised a $100M Series B extension at a $2.6B post-money valuation, up 63% in just three months; it has raised $645M+ to date (Chris Metinko/Axios)

Adobe reports Q2 revenue up 13% YoY to $6.62B, vs. $6.46B est., and raises its annual forecasts; CFO Dan Durn is leaving for Marvell; ADBE drops 5%+ after hours (Zaheer Kachwala/Reuters)

Sources: Founders Fund's ~3% stake in SpaceX is now worth $50B+, after investing $600M; a16z will get the biggest return in its history, with a $10B+ stake (Bloomberg)

SpaceX raises $75B in the biggest-ever IPO, pricing 555.6M shares at $135 each, giving it a market value of $1.77T (Bailey Lipschultz/Bloomberg)