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Techmeme

A look at Sequoia's revamped strategy under new stewards Alfred Lin and Pat Grady, including bold AI bets; sources: Sequoia recently closed $10B in new funding (Bloomberg)

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DeepSeek says it plans to implement substantial price increases across its services; it currently charges $0.14/1M input and $0.28/1M output tokens for V4 Flash (Bloomberg)

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OpenAI says "Apple should not be permitted to use a baseless and pretextual lawsuit to make up for its failures to integrate AI into its products" (Megan Morrone/Axios)

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OpenAI files a motion to dismiss Apple's lawsuit accusing the AI company of stealing trade secrets, saying that the iPhone maker's allegations are meritless (Bloomberg)

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An interview with TMTG interim CEO Kevin McGurn on the paid API for high-speed access to Truth Social posts, the pending $6B TMTG-TAE merger, and more (Financial Times)

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A researcher with access to North Korean hackers' servers says their operations have impacted 1,640 companies across 57 countries over the past 22 months (Wired)

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PitchBook: AI voice startups raised $7B in Q1 '26, vs. $1B in Q1 '25, as OpenAI and Google bet on voice as the main interface for a new generation of AI agents (Cristina Criddle/Financial Times)

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How Trump's push for data centers is driving a boom in gas power plants, and a look at Meta's El Paso data center, which will have 813 gas-burning generators (Hiroko Tabuchi/New York Times)

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Sources detail Intel's turnaround under Lip-Bu Tan as AI demand for CPUs boosts business; Intel's deal to make Arm's AI data center chip fell through in 2024 (Michael Acton/Financial Times)

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TikTok's US entity says it is closing its Nashville office, which held some of its content moderation team; filing: TikTok laid off 250 employees at the office (Emmett Lindner/New York Times)

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Analysis: Grokipedia appears not to have updated any articles since April 24, when it stopped processing human-suggested edits; xAI launched it in October 2025 (Lawfare)

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Cloudflare open sources a new version of Cloudflare OS, a browser-accessible AI agentic workspace for enterprises that lets employees build custom micro-apps (Kyt Dotson/SiliconANGLE)

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AppLovin reports Q2 revenue up 53% YoY to $1.92B, below $1.94B est., and forecasts Q3 revenue within estimates; APP drops 16% after hours (Kelly Cloonan/Wall Street Journal)

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Nikita Bier steps down as head of product at X after a little more than a year in the role and says he will continue as an adviser (Sean O'Kane/TechCrunch)

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OpenAI says the Hugging Face breach involved AI agents creating an internal message board, unnoticed by humans, where they shared exploits and planned the hacks (Lily Hay Newman/Wired)

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Sapiom, which helps businesses build, ship, and scale AI agents and lower token costs, raised a $35M Series A led by Dragonfly, taking its total funding to $50M (Reed Albergotti/Semafor)

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Block reports Q2 revenue up 9% YoY to $6.62B, vs. $6.49B est., Cash App gross profit up 31% to $1.97B, and raises its FY 2026 gross profit forecast (Manya Saini/Reuters)

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Canadian national Connor Moucka pleads guilty to participating in the 2024 Snowflake hacks involving data theft from at least 165 companies, including AT&T (Jonathan Greig/The Record)

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Sources: Demis Hassabis had been drifting away from Google DeepMind CEO day-to-day duties for at least a year and struggled to get satisfaction out of the role (Reed Albergotti/Semafor)

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Figma reports Q2 revenue up 48% YoY to $370.1M, vs. $351.6M est., and lifts annual revenue forecast but keeps profit outlook intact; FIG drops 15%+ after hours (Deborah Mary Sophia/Reuters)

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Source: Muse Spark 1.1 model breached a company's systems during cybersecurity testing; Meta says evaluation partner Irregular caused a sandbox misconfiguration (Jyoti Mann/The Information)

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Sandisk reports Q4 revenue up 372% YoY to $8.97B, vs. $8.48B est., and forecasts Q1 revenue below estimates; SNDK drops 5%+ after hours (Britney Nguyen/MarketWatch)

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Duolingo reports Q2 revenue up 18% YoY to $298.5M, paid subscribers up 17% to 12.7M, below est., forecasts Q3 revenue below est.; DUOL drops 11%+ after hours (Akash Sriram/Reuters)

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DoorDash reports Q2 marketplace gross order value up 36% YoY to $33.08B, vs. $32.08B est., and forecasts Q3 marketplace GOV and adjusted EBITDA above estimates (Neil J Kanatt/Reuters)

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Binance affiliates are suing RedotPay's founders for allegedly diverting 470K+ users to a competing product in a "fraudulent scheme", claiming $472.8M in losses (Bloomberg)

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Salesforce appoints Miguel Milano, its chief revenue officer, as COO; Chief Operating and Financial Officer Robin Washington will keep her title (Jordan Novet/CNBC)

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Ladies and gentlemen, it's time to pass the torch and demote myself to my natural state: a poster. I'll be stepping back from leading product for 𝕏 and will continue on as an advisor. Serving the X community has been the privilege of a lifetime. X is, and will remain, the most [video] (Nikita Bier/@nikitabier)

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eBay reports Q2 revenue up 15% YoY to $3.13B, vs. $3.02B est., GMV up 15% to $22.4B, and forecasts Q3 revenue above estimates (Reuters)

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Etsy says it will cut ~220 employees, or ~12% of its workforce, mostly in product and engineering, and reports Q2 revenue up 6% YoY to $668.3M, vs. $649.1M est. (Annie Palmer/CNBC)

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Meta is offering a cheaper Muse Spark 1.2 "contributor" tier priced at $0.10/1M input and $0.20/1M output tokens in exchange for using user prompts for training (Wall Street Journal)

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Filing: Microsoft recorded $24.1B in revenue from OpenAI during the year ended in June, suggesting OpenAI accounted for more than half of Microsoft's AI sales (Bloomberg)

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Meta releases Muse Code in beta, a terminal coding agent powered by Muse Spark 1.2, a coding-focused model priced at $1.25/1M input and $4.25/1M output tokens (Jonathan Vanian/CNBC)

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Source: Yunfeng Capital, a PE firm co-founded by Jack Ma, invested ~$30M in AI insurance tech startup Corgi; Corgi CEO says the firm "did not invest in us" (Business Insider)

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Mysk: Apple's Private Relay tool can leak users' IP addresses due to issues in Apple's WebKit browser engine, also affecting OnionBrowser, a Tor browser for iOS (Joseph Cox/404 Media)

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Reddit expands its test of Rules Hub, a suite of tools that rely on LLMs to help moderators manage their communities, and plans a full launch later this year (Jay Peters/The Verge)

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Hark, founded by Figure AI CEO Brett Adcock, previews Handoff, a computer use agent it says outperforms GPT-5.4 and Opus 4.8, and plans for a summer release (Ivan Mehta/TechCrunch)

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Google says Chief AI Architect and Google DeepMind CTO Koray Kavukcuoglu will lead Google DeepMind as SVP, reporting to Sundar Pichai (Bloomberg)

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Discovery Loop, co-founded by Jeff Dean, is backed by seed funding from Radical Ventures, Khosla Ventures, and others; Google also has a stake in the company (Cade Metz/New York Times)

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Jeff Dean and three other Google execs are leaving to launch Discovery Loop, which will seek AI-powered breakthroughs in drug discovery, chip design, and more (Steven Levy/Wired)

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Demis Hassabis is stepping down as CEO of Google DeepMind to be the unit's chairman and will add the title of Alphabet chief scientist; GOOG drops 3%+ (Axios)

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Elon Musk says SpaceX has decided to "build exclusively on Nvidia because we think the Vera Rubin architecture is the best architecture" (Shubhangi Goel/Business Insider)

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Amazon's Zoox will start charging for rides in Las Vegas from August 10, marking the launch of its commercial operations after offering free rides since 2025 (Kirsten Korosec/TechCrunch)

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Faye, which offers travel insurance services and uses AI to help resolve claims, raised a $50M Series C led by Madrona, taking its total funding to $100M (Chris Metinko/Axios)

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Developers in Africa are increasingly choosing Chinese open-source AI models over US models, saying they are downloadable, easier to customize, and much cheaper (New York Times)

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Sources: ByteDance founder Zhang Yiming told employees at an AI team all-hands in July that the company won't use model distillation to accelerate capabilities (The Information)

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How Pringles maker Kellanova is using AI and a partnership with Siemens to improve production of the chip in Europe, including making digital twins of its dough (Isabelle Bousquette/Wall Street Journal)

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Anthropic confirms it is building an in-house silicon team to design custom chips for Claude, co-designing hardware and models and using a "multi-chip approach" (Tom Carter/Business Insider)

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Sources: Google is in talks with AI coding agent startup Mechanize on a possible deal, potentially worth $1.5B+, to hire some of its talent and license its tech (Business Insider)

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FanDuel parent Flutter says CEO Peter Jackson is stepping down, replaced by President Dan Taylor, and lowers its profit outlook as its US business struggles (Wall Street Journal)

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The UK Competition Appeal Tribunal rejects Google's bid to block a class action alleging it overcharged businesses for search ads and abused its dominance (Upmanyu Trivedi/Bloomberg)

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