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Anthropic extends Claude Fable 5 access to all paid plans through July 12; access to the model was set to shift to token-based usage on July 7 (Zac Hall/9to5Mac)

Meta rolls out Muse Image, the first image generation model from its Superintelligence Labs, in Meta AI; it will also power new tools in Instagram and WhatsApp (Meta Newsroom)

Google announces a Pixel event on August 12 in NYC, where it is expected to launch Pixel 11 series of phones and Pixel Watch 5 (Abner Li/9to5Google)

Sources: Microsoft, looking to reduce AI costs, is starting to replace models from OpenAI and Anthropic with its MAI models in products like Excel and Outlook (Brody Ford/Bloomberg)

Netflix signs deals with Penske Media, Condé Nast, Hearst, People, and other publishers to carry a range of programming from 2 to 20+ minutes, starting August 3 (William Earl/Variety)

Anthropic expands Claude Cowork to web and mobile in beta for Max plan subscribers, and says 90%+ of Cowork usage is unrelated to software development (David Gewirtz/ZDNET)

Tangos, which uses AI to conduct financial crime investigations at scale, raised a $20M seed led by Red Dot (Mike Wheatley/SiliconANGLE)

Super.com, which offers a savings app for lower-income consumers, raised a $65M Series D led by TPG at a $1.2B valuation and says it is profitable (Lily Mae Lazarus/Fortune)

Keyfactor, which manages billions of machine identities for more than 2,500 client organizations, raised $1B+ led by Summit Partners (Mike Lennon/SecurityWeek)

Google launches "platform properties" in the Google Search Console, letting creators and website owners see which search terms lead to their social platforms (Jay Peters/The Verge)

EDX Markets, an institutional cryptocurrency trading platform, raised a $76M Series C led by SBI Holdings (Francisco Rodrigues/CoinDesk)

Apple supplier Luxshare raised ~$3.1B in its Hong Kong IPO, selling 383.5M shares at ~$8 each, the top of its marketed range, and will start trading on Thursday (Bloomberg)

Solos unveils the AirGo A6 camera-less smart glasses, cutting the weight to 19g from the AirGo A5's 36g to 40g, and V2 privacy accessories like a clip-on shield (Andrew Liszewski/The Verge)

Study: 50 test accounts created in Australia across nine platforms were never asked to verify their age, despite the Australian law mandating a ban on under-16s (Byron Kaye/Reuters)

UN Secretary-General António Guterres calls for autonomous "killer robots" to be "banned by international law", a central issue in the US DOD-Anthropic clash (Sam Schechner/Wall Street Journal)

Norm, which runs an AI law firm that provides AI-powered legal services to clients alongside human lawyers, raised $120M led by Khosla at a $1.2B valuation (Guinevere Grant/Bloomberg)

Coinbase secures UK FCA authorization to offer investment services, enabling it to expand into derivatives and equities trading, its largest UK expansion yet (Brian Danga/The Block)

Sources: Amazon is looking to raise at least $25B from a US dollar bond sale to fund its AI infrastructure investments; the size could increase based on demand (Bloomberg)

Paris-based UMA, founded by ex-Tesla Optimus scientist Rémi Cadene and ex-Google DeepMind researcher Pierre Sermanet, demos its Northstar AI humanoid robot (Benoit Berthelot/Bloomberg)

Sources: China met with Alibaba, ByteDance, Z.ai, and others to discuss potentially limiting foreign access to advanced AI models, penalties for AI theft, more (Fanny Potkin/Reuters)

Survey: Chinese companies plan to allocate 46% of their AI accelerator budget to domestic products in the next 12 months, up from 30% today, a shift from Nvidia (Gao Yuan/Bloomberg)

Sources: DeepSeek is at an early stage of developing its own AI chip designed for inference, in a push that could reduce its reliance on Nvidia and Huawei chips (Reuters)

US autonomous military vehicle startup Forterra says it has deployed 100+ Lancer UGVs, based on Polaris ATVs, in Ukraine since 2025, completing 1,100+ missions (Tim Fernholz/TechCrunch)

European banking watchdogs ECB and ESRB warn that frontier AI models pose "systemic risks to the financial system", and give lenders four months to prepare (Financial Times)

UK-based AI infrastructure startup Nscale secures a $900M line of credit to expand its data center buildout across Europe, the US, and Asia-Pacific (Mauro Orru/Wall Street Journal)

Munich-based nuclear fusion startup Proxima Fusion raised €411M led by trading firm XTX and UK-based East X at a €2.4B valuation, with participation from Google (Bloomberg)

OpenRouter: Chinese AI models have drawn 30%+ of token use by US companies each week since February 8, peaking at 46%, up from 11% over the previous 12 months (Kai Nicol-Schwarz/CNBC)

Counterpoint: China smartphone sales fell 13% YoY during the 618 shopping festival as brands raised prices to offset memory costs; Honor fell 33% and Xiaomi 24% (Reuters)

Alibaba's Qwen models, introduced in 2023, have made it an AI powerhouse, but the company has yet to turn their global popularity into a profitable business (New York Times)

Court filing: Meta says four US states seek $1.4T over claims it designed Facebook and Instagram to addict youth and misled the public; its market cap is ~$1.5T (Diana Novak Jones/Reuters)

OpenAI, Anthropic, and other top AI labs are offering startups token credits and special promotions, as the AI labs seek lasting streams of enterprise revenue (Wall Street Journal)

A profile of Rachel Whetstone, who has led comms for Google, Meta, Uber, Netflix, and now Sierra, as her husband Steve Hilton runs for California governor (Emily Shugerman/The San Francisco ...)

WiseTech co-founder Richard White steps down as chair amid a police probe over claims he exploited a woman's immigration status for sex; WTC jumps 7%+ (Peter Vercoe/Bloomberg)

A profile of Bernadette Meehan, a US diplomat who became Wikimedia Foundation CEO in January, as Wikipedia faces threats from MAGA, AI, and foreign autocrats (Tiffany Hsu/New York Times)

Syntiant, which develops low-power AI processors, files for a US IPO, reporting a $20.9M net loss on $64.5M in revenue for the three months ended March 31 (Pragyan Kalita/Reuters)

Samsung estimates Q2 operating profit of ~$58.44B, up 19x from Q2 2025 and above ~$57.02B est., and revenue up 129% YoY to ~$111.7B; Samsung's stock drops 5%+ (Reuters)

xAI rebrands to SpaceXAI and unveils a new logo; Elon Musk said in May that xAI would be dissolved as a separate company and become the AI products from SpaceX (Kelsey Vlamis/Business Insider)

Anthropic researchers detail J-space, a small set of neural patterns in Claude that reveals internal thoughts that don't appear in the model's output (Anthropic)

BonkDAO, which oversees the Bonk memecoin, says it was the target of a "malicious governance proposal" that resulted in a loss of $20M worth of Bonk tokens (Daniel Kuhn/The Block)

Sources: Vista Equity and Quinti made a takeover bid for Criteo that values the French ad tech company at a 50%+ premium to its stock price in recent weeks (Bloomberg)

Source: Thrive Capital spinoff Thrive Holdings seeks to raise around $2B from SoftBank, Altimeter, D1, and others, after previously raising $1B (Julia Hornstein/The Information)

Sources: CISA's Attack Surface Evaluation team is using Mythos to audit government code repositories and has already uncovered a large number of vulnerabilities (Raphael Satter/Reuters)

SCOTUS declines to block a Texas law requiring app stores and developers to verify the age of mobile device users, and for minors to obtain parental consent (Andrew Chung/Reuters)

Sources: the US considers housing the Strategic Bitcoin Reserve at Commerce instead of Treasury amid concerns over Treasury's legal authority to manage it (Bloomberg)

Xbox appoints Helen Chiang as its first COO; Chiang was previously corporate vice president for the Minecraft Franchise and the studio head of Minecraft (Sam Smith/GamesBeat)

Source: Xbox Game Pass currently has about 30M subscriptions; document: Microsoft had projected Game Pass subscriptions would reach around 77M this year (Ben Fritz/Wall Street Journal)

A term sheet shows Tencent is seeking to raise as much as $1.55B in a selldown of part of its stake in short-video app operator Kuaishou through a block trade (Julia Fioretti/Bloomberg)

Tencent releases Hy3, a 295B-parameter model that it says is competitive with GLM-5.1 and 5.2, under the Apache 2.0 license, following a preview launch in April (Sam Witteveen/VentureBeat)

Source: Mercor hit over $2B in gross revenue run rate in June, double its pace in April, and is profitable on a free cash flow basis (Julia Hornstein/The Information)

Illinois Governor JB Pritzker signs SB 315, a bill requiring annual third-party safety audits of leading AI companies; OpenAI and Anthropic backed the bill (Adam Harrington/CBS News)