Techmeme RSS Feed

Google says its cloud computing unit had a $514B backlog of contracted work that hasn't been recorded as revenue yet, up from ~$460B held during Q1 (Julia Love/Bloomberg)

22h

ServiceNow reports Q2 subscription revenue up 24.5% YoY to $3.88B, increases full year subscription revenue growth estimate to 23%; NOW jumps 4%+ after hours (Brody Ford/Bloomberg)

23h

The SEC agrees to pay $150,000 in legal fees to end Coinbase's 2024 lawsuit seeking internal docs on the regulator's Biden-era crackdown on the crypto industry (Nicola M White/Bloomberg)

23h

Google says Gemini now has 950M MAUs, up from 900M in May and 750M in February (Emma Roth/The Verge)

23h

IBM reports Q2 revenue up 1% YoY to $17.2B, vs. $17.6B est., infrastructure revenue down 7% to $3.8B, Z mainframe revenue down 42%, and lowers its 2026 forecast (Jordan Novet/CNBC)

23h

Reddit's stock closed down 8.32% after a report that the company was considering ending Google's access to its content for AI training; RDDT is down ~26% YTD (CJ Haddad/CNBC)

23h

Alphabet reports YouTube's Q2 ad revenue rose 13% YoY to $11.06B, vs. $10.8B est., and Google's ad revenue reached $81.63B, up from $71.34B in Q2 2025 (Todd Spangler/Variety)

Alphabet reports Q2 revenue up 24% YoY to $119.8B, above $116.9B est., Google Cloud revenue up 82% YoY to $24.8B, and Services revenues up 15% to $94.5B (Alphabet)

OpenAI President Greg Brockman says Kimi K3 is a "pretty good model" but it is "too early" to tell whether Moonshot used distillation on OpenAI's models (Shirin Ghaffary/Bloomberg)

Source: Stripe revenue jumped by a third to $6.8B in 2025, its fastest revenue growth since 2021, with free cash flow up 52% to $3.2B (Yueqi Yang/The Information)

Travis Kalanick's robotics startup Atoms raised $1.7B led by a16z, with Uber and others participating; Ben Horowitz will join the startup's board (Sean O'Kane/TechCrunch)

A Florida teenager drops his lawsuit accusing Meta of creating harmful social media features, following settlements with co-defendants TikTok, Snap, and YouTube (New York Times)

Yope, a social network that has ~15M registered users for its "micro communities" and no algorithms, ads, or public content, raised $12.3M seed led by Northzone (Sarah Perez/TechCrunch)

Sources: Cathedral, launched by ex-DOGE staffers to use AI to expand US military cyber capabilities, raised $160M led by a16z and Sequoia at a $1.4B valuation (David Jeans/Reuters)

Genius AI, formerly GlossGenius, which pivoted from a salon management platform to offer AI tools for service SMBs, raised a $44M Series D at a $1.15B valuation (Emma Hinchliffe/Fortune)

Cashea, Venezuela's largest fintech startup, which offers a banking and payments app, raised a $40M Series A, including $20M in debt, and a $60M Series B (Maria Clara Cobo/Bloomberg)

Arcee, which develops open-weight models in the US, partners with the Department of Energy to build Genesis-Science-1, an open model for scientific research (Catherine Perloff/The Information)

A US judge dismisses Google's lawsuit against web scraping service SerpApi, saying plain and aggregated search results are not protected under copyright law (Barry Schwartz/Search Engine Roundtable)

White House OSTP Director Michael Kratsios says Moonshot AI "acquired GB300-equipped servers and has accessed GB300s in Thailand, likely to train its AI models" (Maggie Eastland/Bloomberg)

Meta names Assaf Keren, a former chief security officer at Qualtrics and a former CISO at PayPal, as its next CISO, succeeding Guy Rosen, who will leave in 2026 (Riley Griffin/Bloomberg)

OpenAI introduces OpenAI Presence to help companies better connect AI agents to their internal systems and automate customer support, sales, and other tasks (Business Insider)

White House OSTP Director Michael Kratsios says "we have information that Moonshot AI distilled Anthropic's Fable for the development of its K3 model" (Director Michael Kratsios/@mkratsios47)

Xbox expands its backward compatibility program to PC, starting with four classic original Xbox games, offering 4X resolution scaling, V-Sync support, and more (Jez Corden/Windows Central)

Filing: Monday.com plans to cut 20% of its workforce, or ~600 employees, in H2 2026 to "support a leaner, more focused operational model" as it invests in AI (Martin Peers/The Information)

Sources: Apple is set to debut new versions of every Mac, including long-awaited iMac updates, a revamped MacBook Pro, and a new Neo, across the fall and 2027 (Mark Gurman/Bloomberg)

London-based Arrakis, which makes AI agents for industrial companies, emerges from stealth with a $7.5M seed and a $30M Series A at a $140M post-money valuation (Jeremy Kahn/Fortune)

Samsung teases its smart glasses, developed with Google, Warby Parker, and Gentle Monster, and says they will have a nine-hour battery life and privacy features (Chris Welch/Bloomberg)

Samsung Galaxy Z Fold 8 hands-on: the passport-esque shape feels great and is almost immediately intuitive, but no telephoto lens, IP48, and $1,900+ is pricey (Dominic Preston/The Verge)

Meta updates WhatsApp's CarPlay and Android Auto integrations to include message playback, replies, and more, let users sign up from its iPad app, and more (Aisha Malik/TechCrunch)

Samsung Z Fold 8 Ultra hands-on: its new Flex Titanium tech makes the crease practically nonexistent and the specs match the S26 Ultra's, but it costs $100 more (David Imel/The Verge)

Samsung Galaxy Z Flip 8 hands-on: like the Z Flip 7, including the battery and cameras, but with much faster performance, four colors, and a $100 higher price (Max Buondonno/The Shortcut)

Samsung Galaxy Watch 9 and Ultra 2 hands-on: nice improvements with a rugged look and new AI-powered fitness features, but a blockier shape is not for everyone (Damien Wilde/9to5Google)

Source: OpenAI raised its projected cloud spending to ~$750B through 2030, up from its ~$600B projection earlier in 2026, reflecting its new cloud compute deals (Anissa Gardizy/Wall Street Journal)

OpenAI plans to spend $30B+ on a massive new data center in Georgia, securing 3.2GW of energy, with several hundred MWs set to come online starting in 2028 (Dina Bass/Bloomberg)

Samsung says the Galaxy Z Fold 8, Galaxy Z Fold 8 Ultra, and Galaxy Z Flip 8 have silicon-carbon batteries, citing their performance, longevity, and safety (Ben Schoon/9to5Google)

Samsung unveils the Galaxy Watch 9 and Watch Ultra 2, moving from its Exynos chips to the Snapdragon Wear Elite and hiking prices by $30 to $380 and $50 to $700 (Victoria Song/The Verge)

Samsung debuts the $1,200+ Galaxy Z Flip 8 with a lighter, smaller, and slimmer design, and new Flex Window features for apps and insights on the cover screen (Steve Dent/Engadget)

Samsung unveils the $1,900+ Galaxy Z Fold 8 with a wider, 7.6" inner and a short, 5.5" outer display, a Snapdragon 8 Elite Gen 5 "for Galaxy" chip, and more (Ben Schoon/9to5Google)

Samsung unveils the $2,100+ Galaxy Z Fold 8 Ultra, featuring its "most advanced foldable design", a Flex Titanium display, a 5,000mAH battery, and Android 17 (Andrew Romero/9to5Google)

A live blog of Samsung's Galaxy Unpacked in London, where the company is set to unveil its latest lineup of foldables and smartwatches (Engadget)

A livestream of Samsung's Galaxy Unpacked event (Samsung on YouTube)

AMD and Anthropic sign an AI server deal worth tens of billions; Anthropic will buy up to 2GW of MI450 chips from H1 2027, and AMD will invest $5B in Anthropic (Wall Street Journal)

OpenAI's Hugging Face breach is the first known example of a misaligned AI escaping containment and carrying out a hack on a third party, a clear warning shot (Shakeel Hashim/Transformer)

Jensen Huang says "these Chinese models are excellent", "open-source models that are excellent should be used", and "free AI should be great for hardware" (Zachary Basu/Axios)

Glow, a cybersecurity startup that uses AI agents to monitor software and developer tools, emerges from stealth with a $180M Series A at a $1.2B valuation (Jagmeet Singh/TechCrunch)

UK publisher Bloomsbury says it is among the beneficiaries of the $1.5B Anthropic settlement; 14,087 of its titles are covered, with ~$3K in compensation each (Anushka Chourasia/Reuters)

Neuralink co-founder Max Hodak's Science Corp gets EU approval for Prima, a bionic eye that treats age-related macular degeneration using an implant and glasses (Tim Bradshaw/Financial Times)

Tencent's Hong Kong-listed shares fall ~7%, the most since April 2025, as investors worry over "rumors" of weaker earnings on August 12, and NetEase drops 5%+ (Bloomberg)

Anthropic commits another $20M to Public First Action, after giving $20M earlier in 2026; PFA says it is a counterweight to a16z-backed Leading the Future (Wall Street Journal)

Dune: since January 2021, wallets funded via US-regulated exchanges accounted for ~50% of all traceable trading volume on Polymarket's US-banned global platform (Bloomberg)