Satya Nadella's memo on Microsoft's layoffs portends the harsh reality that AI could make software companies more profitable while employing fewer people (Om Malik/On my Om)
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Sources: US suppliers are rebuffing Temu's efforts to undercut Amazon, saying Temu cannot undercut Amazon on branded product prices (Rafe Uddin/Financial Times)
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Architect Partners: companies have raised nearly $86B in 2025 to buy crypto, with over $43B raised since June 1, as skeptics worry about the market overheating (Wall Street Journal)
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US-German software firm Auterion says it plans to ship 33K of its AI drone "strike kits" to Ukraine by the end of 2025 to help combat mass Russian drone attacks (Financial Times)
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Tyler Winklevoss claims JPMorgan paused crypto exchange Gemini's onboarding after he criticized the bank's data access fees for fintech and crypto companies (Amin Haqshanas/Cointelegraph)
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Alibaba previews the Quark AI glasses, which are its first pair of AI-powered glasses and named after its AI assistant, with plans to launch them later in 2025 (Ann Cao/South China Morning Post)
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Huawei debuts the CloudMatrix 384 AI computing system, which outperforms Nvidia's most advanced GB200 NVL72 system on some metrics, according to SemiAnalysis (Reuters)
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A look at efforts by startups, such as Positron and Groq, to develop inference-focused chips that aim to be more energy efficient and performant than Nvidia's (Christopher Mims/Wall Street Journal)
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Jeff Dean, who co-founded Google Brain and leads Google's AI research, has emerged as a prolific angel investor, backing 37 AI startups over the past two years (Sharon Goldman/Fortune)
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Germany-based Makersite, which helps clients like Microsoft improve product sustainability during the design process, raised a €60M Series B (David Cendon Garcia/EU-Startups)
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The Johns Hopkins University Press will license its authors' books to train AI models, citing concerns that "the window may be closing" for making AI deals (Ellie Wolfe/The Baltimore Banner)
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A look at the tensions between Meta, Apple, and Google on whether apps or app stores should check if a user is a minor, as states work on age verification bills (Emily Birnbaum/Bloomberg)
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Sources: KKR is in talks to buy ST Telemedia Global Data Centres in a deal that could value the Asian digital infrastructure provider at more than $5B (Bloomberg)
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Some users are circumventing UK's age checks by using VPNs, providing fake AI-generated photo IDs, or using images of high-fidelity video game characters (Jackson Chen/Engadget)
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Sources: DOGE has built an AI tool aiming to cut 50% of federal regulations, or around 100,000 rules, by the first anniversary of Trump's inauguration (Washington Post)
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Pony AI gets a permit to provide fully driverless robotaxi services in Shanghai, making it the only company with permits in all four of China's biggest cities (Pretish M J/Reuters)
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US insurance giant Allianz Life says hackers stole the personal information of the "majority" of its customers, staffers, and employees, in a mid-July breach (Zack Whittaker/TechCrunch)
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The AI Action Plan suggests Trump wants to inculcate a "try-first" culture through regulatory sandboxes for AI, which have already popped up in some US states (Aaron Mak/Politico)
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The SharePoint hacks increase pressure on Microsoft's Secure Future Initiative, which the company calls an ambitious effort expected to take years to complete (Andrew Martin/Bloomberg)
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Google has defended Search against the first wave of disruption from generative AI, but AI agents and apps that can reduce clicks now threaten its ad business (Richard Waters/Financial Times)
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Christina Marie Chapman, who pleaded guilty and was sentenced to prison for aiding a North Korean remote IT worker scheme, details her time as a "laptop farmer" (Evan Ratliff/Bloomberg)
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Source: India orders ISPs and app stores to block 25 streaming services, like Ullu and ALTT with millions of downloads, for allegedly promoting obscene content (Jagmeet Singh/TechCrunch)
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China's Unitree is marketing the R1, a humanoid robot that has multimodal AI and weighs 25kg, for $5,900, drastically lowering the entry price for such machines (Bloomberg)
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China's premier Li Qiang proposes creating an organization for global cooperation in AI and says "bottlenecks" in chip supplies are hindering AI innovation (Financial Times)
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Blackstone agrees to acquire a majority stake in NetBrain, valuing the Burlington, Massachusetts-based network operations and automation company at $750M (Ryan Gould/Bloomberg)
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