Welcome, Weekenders! In this newsletter:• Shopping: Introducing the Summer Fun List—gear, gadgets and toys that all come highly recommended• AI: Where is China ahead of America? In cracking down on AI romances • Plus, Recommendations—our weekly pop culture picks: “The Last Twelve Weeks,” “The Nord Stream Conspiracy”and “The Dark Wizard”Just after 3 in the afternoon last Wednesday, I walked into Corgi Cafe, a coffee shop in San Francisco’s Financial District... Read more ›
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A key piece of crypto legislation passed the Senate Banking Committee on Thursday, moving one step closer to becoming law and handing a win to the crypto industry in a political battle against the banking lobby. The crypto market structure bill, called the Clarity Act, would set clear rules for ... Read more ›
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OpenAI appears to be headed into conflict with another big name partner, Apple. The AI startup is considering legal action against Apple over breach of contract related to the ChatGPT integration deal it announced with Apple two years ago, said an OpenAI employee familiar with the matter. The AI company has been trying to improve its relationship with Apple over the past few months, but there’s been a lack of... Read more ›
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Anthropic customers are already feeling pinched by the company’s AI price hikes, Aaron and I reported Wednesday. Making matters harder, Anthropic customers like PagerDuty and ServiceNow, which says it already blew through its full-year budget for Anthropic AI tools, can’t predict what they’ll pay this year.One reason Anthropic costs are tough to predict, ServiceNow chief digital information officer Kellie Romack told me, is that Anthropic doesn’t automatically show customers the... Read more ›
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Call it the SpaceXAI exodus. More than 50 researchers and engineers working on xAI’s Grok models have left the AI lab since SpaceX acquired it in February, through layoffs, firings and voluntary departures, according to several people with knowledge of the moves. These departures come on top of the exits of all of xAI’s co-founders besides Elon Musk. Read more ›
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The three largest U.S. mobile carriers said Thursday they’re forming a joint venture that will work together to bring direct-to-device service to customers in remote areas and help eliminate dead spots in coverage. AT&T, Verizon and T-Mobile said they have an “agreement in principle” to pool ... Read more ›
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Lawyers for Elon Musk and OpenAI are set today to deliver closing arguments in their trial, which centers on Musk’s allegations that OpenAI breached a charitable trust, in part by violating its charitable mission. The two sides disagree on almost everything in the case, but one phrase is likely to be mentioned in both speeches: artificial general intelligence. AGI has been both ever-present in the trial and has eluded direct... Read more ›
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AI chip designer Cerebras Systems priced its initial public offering at $185 a share Wednesday night, well above its initial expectation of between $115 and $125. The IPO price values Cerebras at $56 billion taking into account all outstanding options and warrants. Cerebras sold 30 million ... Read more ›
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Over the last decade, there were times when Cerebras investors could be forgiven for losing hope. The company, which was attempting the difficult and expensive task of developing an alternative to Nvidia’s graphics processing units, didn’t deliver its first chips until five years into its existence. Then, after it filed to go public in 2024, the U.S. government scrutinized its relationship with a key customer and backer, Emirati firm G42.... Read more ›
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U.S. Treasury Secretary Scott Bessent said in an interview with CNBC that the U.S. and China will discuss “AI guardrails” during President Donald Trump’s state visit to China this week. “We are gonna set up a protocol in terms of how do we go forward with best practices for AI to make sure ... Read more ›
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Chinese premier Li Qiang met with more than a dozen American executives on Thursday in Beijing, telling tech and corporate leaders that the U.S. and China “can and should continue to be friends, partners.” The meeting with Li, China’s No.2 official, is part of a series of activities in President ... Read more ›
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The U.S. Commerce Department has cleared Nvidia’s sales of its H200 chips to around 10 Chinese companies including Alibaba, Tencent, ByteDance and JD.com, as Washington eases its restrictions on AI chip exports to China, Reuters reported. Washington also approved H200 sales to some Chinese ... Read more ›
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Remember Bard? It was the original name of Google’s AI chatbot, but the Gemini brand long ago replaced it. Just as you’ve likely forgotten that history, you’re not likely to remember Rufus in 12 months’ time, either. Rufus, the name of Amazon’s AI-powered shopping chatbot, got tossed on Wednesday and replaced with Amazon’s well-established Alexa virtual assistant brand name. I could make lots of jokes about what a terrible name... Read more ›
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Cisco Systems reported revenue grew 12% to $15.8 billion in its April quarter compared to last year—up 2% from last quarter—and forecast 14% growth for its current quarter. On an earnings call, Cisco executives said the acceleration stems from major cloud providers ordering more networking ... Read more ›
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Enhanced geothermal energy pioneer Fervo Energy raised nearly $2 billion in an initial public offering, giving it the financial firepower to grow aggressively and compete with natural gas to power AI data centers. Fervo is a leader in one of the hottest sectors in energy. The company deploys the ... Read more ›
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Microsoft estimates it will have spent more than $100 billion on commercial agreements with OpenAI by the end of its fiscal year in June, executive Michael Wetter testified in court on Wednesday. That number includes the $13 billion Microsoft invested in OpenAI, as well as the costs of building ... Read more ›
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Anthropic’s new version of its Mythos AI showed “notable capability jumps” at finding and exploiting undiscovered software vulnerabilities compared to an earlier version of the model, researchers at the U.K.’s AI Security Institute said Wednesday. Anthropic has not released Mythos widely because ... Read more ›
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Modal, a startup that rents out Nvidia graphics processing units and software to help developers run and train models as well as agents, is in talks to raise money at around a $4.5 billion valuation. That would be an 80% premium to its last valuation from just a few months ago, according to two people with knowledge of the round. The steep hike in valuation follows a jump in its... Read more ›
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Apple is exploring ways to better incorporate AI agents into its App Store so it can benefit from the tech industry’s hottest trend while ensuring that the software in its store continues to play by its rules, according to people briefed on the matter. So far, the widespread embrace of agentic AI for software creation has put Apple on the defensive. For months, the company has been blocking vibe coding... Read more ›
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This is a critical week for the crypto industry. The most important crypto law ever to hit Congress is about to take a big step forward, and with the crypto market in the doldrums, the timing couldn’t be better.This could be the last chance for the long-delayed bill to become law, as vacations and election season suck up much of the rest of the year on the congressional schedule. If... Read more ›
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Alibaba Group CEO Eddie Wu said Wednesday that the company expects its annualized revenue from AI model and application services to surpass 10 billion yuan ($1.47 billion) in the current quarter through June, and top 30 billion yuan ($4.4 billion) by the end of this year. It was the first time ... Read more ›
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28.07.2026 04:37
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