A look at the quant fund frenzy in China, as assets under management have more than doubled to ~$384B in less than a year amid rapid AI adoption (Bloomberg)

Bloomberg: A look at the quant fund frenzy in China, as assets under management have more than doubled to ~$384B in less than a year amid rapid AI adoption  —  Quant funds in China have become so popular that they are being deluged with investors' money.  —  Ubiquant, one of the top players …

https://www.techmeme.com/260703/p14#a260703p14 techmeme.com

RSS Hunter • Yesterday

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)

Jeremie Eliahou Ontiveros / SemiAnalysis: 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  —  Zuck Takes Plan B?  SpaceX 2.0, Bedrock 2.0, MSL Isn't Giving Up, Scaling RecSys by 10x... ClusterMAX ranking coming soon?

https://www.techmeme.com/260703/p13#a260703p13 techmeme.com

RSS Hunter • Yesterday

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)

M.G. Siegler / Spyglass: 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  —  Their need to diversify the business meets the AI build out concerns...  Meta has a problem.  Well, two of them, actually.

https://www.techmeme.com/260703/p12#a260703p12 techmeme.com

RSS Hunter • Yesterday

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)

Divya Arya / BBC: 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  —  Warning: This story contains descriptions of abuse  —  Instagram has been running paid adverts promoting …

https://www.techmeme.com/260703/p11#a260703p11 techmeme.com

RSS Hunter • Yesterday

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)

Financial Times: 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  —  Sriram Krishnan tells the FT the president is against a centralised regulator as AI backlash grows

https://www.techmeme.com/260703/p10#a260703p10 techmeme.com

RSS Hunter • Yesterday

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

Giles Turner / Bloomberg: Texas AG Ken Paxton opens an investigation into StubHub following complaints of last-minute ticket cancellations for FIFA World Cup matches  —  Texas Attorney General Ken Paxton has opened an investigation into StubHub following reports that some fans who bought World Cup tickets through …

https://www.techmeme.com/260703/p9#a260703p9 techmeme.com

RSS Hunter • Yesterday

How Jeff Bezos' changing relationship with President Trump has impacted his companies, including increased federal contract awards during Trump's second term (Wall Street Journal)

Wall Street Journal: How Jeff Bezos' changing relationship with President Trump has impacted his companies, including increased federal contract awards during Trump's second term  —  Space company has booked rapid growth under this administration, after founder spent president's first term being ‘hated’

https://www.techmeme.com/260703/p8#a260703p8 techmeme.com

RSS Hunter • Yesterday

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)

Reuters: Filing: GoDaddy challenges a New Delhi court ruling requiring domain sellers to stop offering privacy by default, saying it could expose website owners globally  —  The world's biggest internet domain seller, GoDaddy, has warned that India's crackdown on fake websites impersonating famous brands …

https://www.techmeme.com/260703/p7#a260703p7 techmeme.com

RSS Hunter • Yesterday

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)

Reuters: 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  —  India is investigating a data breach at Tata Electronics that exposed documents linked to Apple's (AAPL.O) unreleased iPhone 18 Pro …

https://www.techmeme.com/260703/p6#a260703p6 techmeme.com

RSS Hunter • Yesterday

Pitch document: Chris Larsen and Palmer Luckey invested an undisclosed amount in APEC, a derivatives exchange founded by the son of Senator Kirsten Gillibrand (Declan Harty/Politico)

Declan Harty / Politico: Pitch document: Chris Larsen and Palmer Luckey invested an undisclosed amount in APEC, a derivatives exchange founded by the son of Senator Kirsten Gillibrand  —  Democratic megadonor Chris Larsen has backed Sen. Kirsten Gillibrand's political campaigns several times over the years.

https://www.techmeme.com/260703/p5#a260703p5 techmeme.com

RSS Hunter • Yesterday

Sources: Alibaba has banned employees from using Claude Code and asked them to remove all Claude models from their work computers, citing security concerns (The Information)

The Information: Sources: Alibaba has banned employees from using Claude Code and asked them to remove all Claude models from their work computers, citing security concerns  —  Alibaba Group has banned employees from using Anthropic's Claude Code, and asked them to remove all Claude models from their work computers …

https://www.techmeme.com/260703/p4#a260703p4 techmeme.com

RSS Hunter • Yesterday

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)

Janko Roettgers / The Verge: 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  —  Cath Virginia / The Verge … Twenty-five years ago today, a young, little-known programmer by the name of Bram Cohen fired off …

https://www.techmeme.com/260703/p3#a260703p3 techmeme.com

RSS Hunter • Yesterday

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

Financial Times: Sources: Anthropic moves to close loopholes that let Chinese firms like Ant use its models via workarounds including cloud providers and overseas subsidiaries  —  Engineers are still finding ways to use AI models despite stringent restrictions.  Anthropic is moving to shut loopholes …

https://www.techmeme.com/260703/p2#a260703p2 techmeme.com

RSS Hunter • Yesterday

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

Dawn Lim / Bloomberg: Blackstone's QTS abandons plans to build its portion of a 2,100-acre data center campus in Virginia, following years of local opposition and legal challenges  —  Blackstone Inc.'s QTS is walking away from plans to build its portion of a 2,100-acre data center campus in Virginia …

https://www.techmeme.com/260703/p1#a260703p1 techmeme.com

RSS Hunter • Yesterday

Letter: chip sector group SEMI, including Micron and Samsung, warns Scott Bessent US policies affecting prices or production capacity would worsen the shortage (Maggie Eastland/Bloomberg)

Maggie Eastland / Bloomberg: Letter: chip sector group SEMI, including Micron and Samsung, warns Scott Bessent US policies affecting prices or production capacity would worsen the shortage  —  Government attempts to address the global memory chip shortage by influencing prices or production capacity would worsen …

https://www.techmeme.com/260702/p41#a260702p41 techmeme.com

RSS Hunter • Yesterday

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)

Business Insider: 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”  —  Meta is making significant progress in the AI model race, its superintelligence chief Alexandr Wang told employees today.

https://www.techmeme.com/260702/p40#a260702p40 techmeme.com

RSS Hunter • Yesterday

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)

The Information: 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  —  A British law firm has scored a big win: a role in the Anthropic initial public offering, expected to raise tens of billions at a valuation of more than $1 trillion.

https://www.techmeme.com/260702/p39#a260702p39 techmeme.com

RSS Hunter • Yesterday

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)

Stephanie Stacey / Financial Times: 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  —  Platform removes more than 500,000 streams of Malcolm Todd track ‘Earrings’ on concern traders propelled it to number 1

https://www.techmeme.com/260702/p38#a260702p38 techmeme.com

RSS Hunter • Yesterday

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)

Anna Heim / TechCrunch: 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  —  IQM, a full-stack quantum company out of Finland, went public on the Nasdaq Thursday via a SPAC merger at a valuation of about $1.9 billion.

https://www.techmeme.com/260702/p37#a260702p37 techmeme.com

RSS Hunter • Jul 2

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)

Bloomberg: 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  —  Crusoe, the data center upstart with contracts to supply AI computing power for the likes of Meta Platforms Inc. and Oracle Corp. …

https://www.techmeme.com/260702/p36#a260702p36 techmeme.com

RSS Hunter • Jul 2

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)

Katie Paul / Reuters: 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  —  Meta (META.O) Chief Executive Mark Zuckerberg told an internal town hall on Thursday that AI agent development …

https://www.techmeme.com/260702/p35#a260702p35 techmeme.com

RSS Hunter • Jul 2

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)

Lucinda Shen / Axios: 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  —  Binance is set to lead Mesh's funding round that will value the crypto payments and settlement company at up to $2 billion, Axios Pro has learned.

https://www.techmeme.com/260702/p34#a260702p34 techmeme.com

RSS Hunter • Jul 2

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)

Lauren Forristal / TechCrunch: Travel app Hopper agrees to a $35M FTC settlement over allegations the company misled users by imposing hidden fees and misrepresenting the total costs  —  Hopper, the travel app known for its AI-driven flight and hotel price predictions, has agreed to a $35 million settlement following …

https://www.techmeme.com/260702/p33#a260702p33 techmeme.com

RSS Hunter • Jul 2

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)

Grace Kay / The Information: 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  —  Tesla told employees last month it would impose a $200 per week limit for staff's AI spending beginning July 6, according to an internal memo …

https://www.techmeme.com/260702/p32#a260702p32 techmeme.com

RSS Hunter • Jul 2

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)

Bloomberg: 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  —  ElevenLabs has held early talks with investors to let employees sell shares in a secondary offering that would value …

https://www.techmeme.com/260702/p31#a260702p31 techmeme.com

RSS Hunter • Jul 2

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)

Cate Lawrence / Tech.eu: UK-based StirlingX, which develops secure data intelligence systems for defense and critical infrastructure, raised a $20M Series A, following a $11M seed  —  The UK company, which develops secure data intelligence systems for defence and critical infrastructure, will use the funding …

https://www.techmeme.com/260702/p30#a260702p30 techmeme.com

RSS Hunter • Jul 2

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)

The Information: 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  —  Microsoft is merging its consumer and enterprise Copilot apps and cutting unwanted features to ‘earn the right to exist’ in the eyes …

https://www.techmeme.com/260702/p29#a260702p29 techmeme.com

RSS Hunter • Jul 2

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)

Dean Takahashi / GamesBeat: 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  —  Tripo AI, a global artificial intelligence company building AI 3D foundation models and world models, said it raised a new round of $150 million in funding.

https://www.techmeme.com/260702/p28#a260702p28 techmeme.com

RSS Hunter • Jul 2

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)

Wall Street Journal: 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  —  Undersecretary Emil Michael and CEO Dario Amodei went back and forth for months over safety guardrails

https://www.techmeme.com/260702/p27#a260702p27 techmeme.com

RSS Hunter • Jul 2

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)

Bloomberg: 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  —  Erebor Bank is in talks to raise money at a valuation of at least $8 billion, as deposits grow rapidly at the politically connected startup …

https://www.techmeme.com/260702/p26#a260702p26 techmeme.com

RSS Hunter • Jul 2

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)

Zheping Huang / Bloomberg: 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  —  China's Kling AI has raised an initial $2 billion in venture capital funding as the spinoff from Kuaishou Technology seeks to expand its video AI operations.

https://www.techmeme.com/260702/p25#a260702p25 techmeme.com

RSS Hunter • Jul 2

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)

Qianer Liu / The Information: Sources: Anthropic has initiated early-stage development of a custom AI server chip and held preliminary discussions with Samsung about manufacturing the chip  —  Anthropic has begun early-stage work on its own AI chip and held talks with Samsung Electronics as a potential manufacturing partner …

https://www.techmeme.com/260702/p24#a260702p24 techmeme.com

RSS Hunter • Jul 2

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 5K+ startups (Gené Teare/Crunchbase News)

Gené Teare / Crunchbase News: 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 5K+ startups  —  Global venture funding reached a record $510 billion in the first half of 2026, surpassing the $440 billion invested in all of 2025 …

https://www.techmeme.com/260702/p23#a260702p23 techmeme.com

RSS Hunter • Jul 2

Microsoft establishes an organization with 6,000 staff specializing in engineering, corporate training, and management to support businesses with AI deployments (Todd Bishop/GeekWire)

Todd Bishop / GeekWire: Microsoft establishes an organization with 6,000 staff specializing in engineering, corporate training, and management to support businesses with AI deployments  —  Microsoft is launching a new AI “company.”  It won't be a separate legal entity, and most of its 6,000 people already work at Microsoft.

https://www.techmeme.com/260702/p22#a260702p22 techmeme.com

RSS Hunter • Jul 2

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

Sam Altman / Financial Times: Sam Altman proposes a “US-led international forum” to establish AI standards, provide analysis of capabilities and risks, and make AI available to allies  —  The labs develop the technology, but citizens and their elected representatives must make the rules

https://www.techmeme.com/260702/p21#a260702p21 techmeme.com

RSS Hunter • Jul 2

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 2030 (Min-Jeong Lee/Bloomberg)

Min-Jeong Lee / Bloomberg: 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 2030  —  SoftBank Group Corp. and its telecom unit will start renting AI computing resources to US companies next fiscal year …

https://www.techmeme.com/260702/p20#a260702p20 techmeme.com

RSS Hunter • Jul 2

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

Michael Nuñez / VentureBeat: Z.ai launches ZCode, an “Agentic Development Environment” optimized for its new GLM-5.2 model; Z.ai's GLM Coding Plan costs from $16.20 to $144 per month  —  The move marks the company's most aggressive push yet into the fast-growing AI-powered coding tool market …

https://www.techmeme.com/260702/p19#a260702p19 techmeme.com

RSS Hunter • Jul 2

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)

New York Times: 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  —  President Trump and his family reaped vast financial rewards from a memecoin that generated losses for hundreds of thousands of investors.

https://www.techmeme.com/260702/p18#a260702p18 techmeme.com

RSS Hunter • Jul 2

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

Thomas Ricker / The Verge: Amazon says Leo reached 396 satellites in low-Earth orbit following a recent launch, which is “enough to support continuous service across initial latitudes”  —  Early adopters of Amazon Leo should temper expectations. … Amazon says it now has enough satellites operating …

https://www.techmeme.com/260702/p17#a260702p17 techmeme.com

RSS Hunter • Jul 2

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

Jim Tankersley / New York Times: German software giant SAP says it is encouraging workers to invent new, more valuable jobs aided by AI, in a bid to avoid layoffs; SAP cut ~10K staff in 2024  —  The German software giant SAP says it is betting that employees can reinvent jobs instead of eliminating them.  Experts are divided on whether it will work.

https://www.techmeme.com/260702/p16#a260702p16 techmeme.com

RSS Hunter • Jul 2

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)

Joe Warminsky / The Record: 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  —  A 19-year-old man with dual U.S. and Estonian citizenship was extradited from Finland to Chicago this week to face criminal charges …

https://www.techmeme.com/260702/p15#a260702p15 techmeme.com

RSS Hunter • Jul 2

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)

New York Times: 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  —  President Trump said the U.S. chip maker would make a significant donation to a new type of investment account created by the administration.

https://www.techmeme.com/260702/p14#a260702p14 techmeme.com

RSS Hunter • Jul 2

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)

Samantha Elkins / NBC News: 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  —  Cloudflare gave AI crawlers a September deadline to separate the bots that gather content for search from those that harvest …

https://www.techmeme.com/260702/p13#a260702p13 techmeme.com

RSS Hunter • Jul 2

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)

Yazhou Sun / Bloomberg: 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  —  Quantum Systems has raised $1.2 billion in a funding round, more than doubling the German drone startup's valuation …

https://www.techmeme.com/260702/p12#a260702p12 techmeme.com

RSS Hunter • Jul 2

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)

Arjun Kharpal / CNBC: 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  —  Amazon is focusing on building chips for its “critical” consumer devices, the company's top hardware executive told CNBC.

https://www.techmeme.com/260702/p11#a260702p11 techmeme.com

RSS Hunter • Jul 2

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)

Bloomberg: 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  —  Google lost its long-running fight against a €4.1 billion ($4.7 billion) European Union antitrust fine after the bloc's top judges …

https://www.techmeme.com/260702/p10#a260702p10 techmeme.com

RSS Hunter • Jul 2

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)

Wall Street Journal: 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  —  Roughly two-thirds of investors in the president's memecoin are currently in the red  —  Morten Christensen made a big bet …

https://www.techmeme.com/260702/p7#a260702p7 techmeme.com

RSS Hunter • Jul 2

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)

Delphine Strauss / Financial Times: 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  —  A flood of employment claims has left an overloaded tribunal system struggling to cope.  When Lucy returned from maternity leave …

https://www.techmeme.com/260702/p6#a260702p6 techmeme.com

RSS Hunter • Jul 2

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)

FinSMEs: 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  —  CarbonSix, Inc., a San Francisco, CA-based Physical AI company focused on the manufacturing sector, raised $40m (approx. KRW 60 billion) in Series A funding.

https://www.techmeme.com/260702/p5#a260702p5 techmeme.com

RSS Hunter • Jul 2

Indian IT company Persistent Systems offers to acquire its Germany-based peer Nagarro for $1.45B; Indian IT companies are ramping up M&A as AI reshapes growth (Sayan Chakraborty/Nikkei Asia)

Sayan Chakraborty / Nikkei Asia: Indian IT company Persistent Systems offers to acquire its Germany-based peer Nagarro for $1.45B; Indian IT companies are ramping up M&A as AI reshapes growth  —  BENGALURU — A move by Persistent Systems to buy German peer Nagarro in a $1.45 billion deal has highlighted how Indian software exporters …

https://www.techmeme.com/260702/p4#a260702p4 techmeme.com

RSS Hunter • Jul 2