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Techmeme

Meta could use its compute for its own models, ad scaling, SpaceX-like neocloud deals, and hosting 3rd-party models; it may be close to an Anthropic deal (Jeremie Eliahou Ontiveros/SemiAnalysis)

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Meta getting into the cloud business has been inevitable for a long time, as it seeks to diversify beyond ad revenue and monetize its AI buildout (M.G. Siegler/Spyglass)

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Instagram has been running ads promoting child sexual abuse material in India, with terms like "rape video" and "child video" and linking to Telegram channels (Divya Arya/BBC)

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An interview with Sriram Krishnan, who says "there will not be an FDA for AI" under Trump, blames the AI backlash on the industry's "doomer" messaging, and more (Financial Times)

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Texas Attorney General Ken Paxton opens an investigation into StubHub following complaints of last-minute ticket cancellations for FIFA World Cup 2026 matches (Giles Turner/Bloomberg)

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How Jeff Bezos' changing relationship with President Trump has helped Amazon and Blue Origin, such as more federal contracts awarded during Trump's second term (Wall Street Journal)

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Filing: GoDaddy challenges a New Delhi court ruling requiring domain sellers to stop offering privacy by default, saying it could expose website owners globally (Reuters)

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India's IT secretary said the country is investigating a data breach at Apple supplier Tata, which exposed files that included photos of iPhone 18 Pro models (Reuters)

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Pitch document: Chris Larsen, Palmer Luckey, and others invested undisclosed amounts in APEC, a derivatives exchange founded by Senator Kirsten Gillibrand's son (Declan Harty/Politico)

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Sources: Alibaba banned Claude Code internally and asked its employees to remove all Claude models from their work computers due to Anthropic security concerns (The Information)

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A look back at BitTorrent, launched by Bram Cohen 25 years ago, and how media piracy fueled its growth while its architecture shielded it from legal liability (Janko Roettgers/The Verge)

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Sources: Anthropic moves to close loopholes that let Chinese companies like Ant use its models via workarounds such as cloud providers and overseas subsidiaries (Financial Times)

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Blackstone's QTS abandons plans to build its portion of a 2,100-acre data center campus in Virginia, after years of organized opposition and legal challenges (Dawn Lim/Bloomberg)

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Letter to Scott Bessent: chip group SEMI, which includes Micron and Samsung, warns that US intervention in chip pricing or capacity would worsen chip shortages (Maggie Eastland/Bloomberg)

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Sources: Alexandr Wang said Meta's model currently in training, codenamed Watermelon, matches GPT-5.5 and uses an "order of magnitude more compute than Avocado" (Business Insider)

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Sources: Anthropic's bankers have hired UK law firm Freshfields to advise on its IPO; it also advised on Google's acquisition of Wiz and ServiceNow's Armis deal (The Information)

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Spotify removed 500K+ streams of Malcolm Todd's Earrings after a 70% surge in 24 hours sent it to #1 on Spotify USA and coincided with suspicious Kalshi wagers (Stephanie Stacey/Financial Times)

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Finnish quantum computing company IQM closed up 2% in its Nasdaq debut Thursday after going public via a SPAC merger at a ~$1.9B valuation (Anna Heim/TechCrunch)

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Sources: Crusoe is in active talks to raise ~$3B in a funding round expected to value the company in the ~$30B range, up from a ~$10B valuation in October (Bloomberg)

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At a town hall, Mark Zuckerberg said Meta's AI agent development has not accelerated as expected and its reorganization was not as "clean" as it could have been (Katie Paul/Reuters)

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Source: crypto payments and settlement startup Mesh is raising funding led by Binance at a ~$2B valuation, six months after raising $75M at a $1B valuation (Lucinda Shen/Axios)

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Travel app Hopper agrees to a $35M FTC settlement over allegations the company misled users by imposing hidden fees and misrepresenting the total costs (Lauren Forristal/TechCrunch)

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Internal memo: Tesla plans to impose a $200-per-week limit for staff's AI spending beginning July 6; the tally excludes beta versions of xAI products (Grace Kay/The Information)

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Sources: ElevenLabs held early talks with investors on a secondary share sale for staff that would value the startup at ~$22B; it was valued at $11B in February (Bloomberg)

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UK-based StirlingX, which develops secure data intelligence systems for defense and critical infrastructure, raised a $20M Series A, following a $11M seed (Cate Lawrence/Tech.eu)

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Memo: Microsoft is merging the consumer and enterprise versions of its Copilot chatbots into a single app featuring coding tools and AI agents dubbed AutoPilot (The Information)

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Tripo AI, which is developing 3D foundation models and world models for use in games, raised $150M, a month after it said it raised $200M (Dean Takahashi/GamesBeat)

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Emails disclosed in a court filing detail the uneasy back-and-forth between Dario Amodei and DOD's Emil Michael and how Anthropic's relationship with DOD soured (Wall Street Journal)

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Sources: Palmer Luckey's Erebor Bank is in talks to raise money at an $8B+ valuation, up from $4.35B in 2025; its deposits are up from $1.1B in March to $4.05B (Bloomberg)

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Kling AI, the Kuaishou AI video generator spin-off, raised $2B at a $15B pre-money valuation and says the round could extend to as much as $3B (Zheping Huang/Bloomberg)

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Sources: Anthropic has initiated early-stage development of a custom AI server chip and held preliminary discussions with Samsung about manufacturing the chip (Qianer Liu/The Information)

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Global VC funding hit a record $510B in H1 2026, with OpenAI and Anthropic accounting for $217B, or 43% of the total; in Q2, VCs put $205B into 5,000+ startups (Gené Teare/Crunchbase News)

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Microsoft invests $2.5B and forms the Microsoft Frontier Company to embed 6,000 forward-deployed engineers with customers to help deploy AI systems (Todd Bishop/GeekWire)

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Sam Altman proposes a "US-led international forum" to establish AI standards, provide analysis of capabilities and risks, and make AI models available to allies (Sam Altman/Financial Times)

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SoftBank and its telecom unit launch SB Neo to offer AI chips and cloud services to big companies, aiming to provide 10GW of capacity in the US by around 2030 (Min-Jeong Lee/Bloomberg)

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Z.ai launches ZCode, an "Agentic Development Environment" purpose-built for its GLM-5.2 model; Z.ai's GLM Coding Plan tiers range from $16.20 to $144 per month (Michael Nuñez/VentureBeat)

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Filings: Trump purchased up to $5M each in Broadcom, Meta, Amazon, Apple, Microsoft, and Nvidia stocks on July 23, the same day he unveiled his AI action plan (New York Times)

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Amazon says Leo now has 396 satellites in low-Earth orbit, following a July 1 launch, which is "enough to support continuous service across initial latitudes" (Thomas Ricker/The Verge)

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German software giant SAP says it's encouraging workers to invent new, more valuable jobs aided by AI, to try to avoid layoffs; SAP cut nearly 10K staff in 2024 (Jim Tankersley/New York Times)

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The US DOJ says Peter Stokes, a 19-year-old dual US-Estonian citizen, was extradited from Finland to face charges of participating in Scattered Spider hacks (Joe Warminsky/The Record)

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President Trump says Micron will invest $250M in Trump Accounts; Micron says it will come via an employee matching program and a $250 deposit in some US states (New York Times)

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Cloudflare sets a September 15 deadline for AI companies to differentiate their web crawlers into search, AI training, and AI agents or face being blocked (Samantha Elkins/NBC News)

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Germany-based Quantum Systems, which sells surveillance drones used by Ukraine, raised $1.2B led by Blackstone, Noteus, Airbus, and Advent at an ~$8B valuation (Yazhou Sun/Bloomberg)

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An interview with Amazon SVP of Devices Panos Panay on designing custom chips for Echo and Fire TV devices, experimenting with AI-enabled gadgets, and more (Arjun Kharpal/CNBC)

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The European Court of Justice rules that Google's earlier defeat against a €4.1B European Commission penalty over abusing Android's market power should stand (Bloomberg)

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A look at the CSOP SK Hynix Leveraged ETF, which trades in Hong Kong and has ballooned into a $13B fund, becoming the world's largest single-stock leveraged ETF (Bloomberg)

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A survey of US adults finds 56% support banning social media for under-16s, while 21% oppose; majorities across demographic and partisan groups support a ban (Pew Research Center)

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Nansen: about two-thirds of Trump's memecoin investors are currently in the red, and 85% of World Liberty's $WLFI buyers on the secondary market are underwater (Wall Street Journal)

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UK lawyers say the tide of AI-assisted employment claims is straining an already overloaded employment tribunal system, whose backlog has doubled in two years (Delphine Strauss/Financial Times)

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CarbonSix, which is developing AI automation and robotic intelligence tech for manufacturing, raised a $40M Series A co-led by DSC Investment and LB Investment (FinSMEs)

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