Ben Weiss / Fortune : Subzero Labs, which is building Rialo, a blockchain designed for non-crypto developers to build “real-world” apps, ...
Subzero Labs, which is building Rialo, a blockchain designed for non-crypto developers to build “real-world” apps, raised a $20M seed led by Pantera Capital — Subzero Labs cofounders Ade Adepoju (left) and Lu Zhang. — COURTESY OF SUBZERO LABS
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A US jury finds Meta violated the California Invasion of Privacy Act when it intentionally recorded the health data of women via the period tracking app Flo — The jury got to decide how seriously Big Tech takes privacy, the attorney for a class of Flo users said in closing arguments.
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Anthropic revoked OpenAI's API access to Claude, citing ToS violations; sources: OpenAI's use of the API let it compare its models' behavior against Claude's — OpenAI lost access to the Claude API this week after Anthropic claimed the company was violating its terms of service.
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Sources: in a rare companywide meeting, Tim Cook said the AI revolution is “ours to grab”, Apple's AI efforts will mirror its iPhone successes, and more — Apple Inc. Chief Executive Officer Tim Cook, holding a rare all-hands meeting following earnings results …
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Sources: Mistral is in discussions, including with Abu Dhabi's MGX, to raise $1B at a valuation of about $10B, up from its previous valuation of €5.8B — French AI start-up seeks additional firepower to compete with deep-pocketed US and Chinese rivals
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Meta, Alphabet, Microsoft, and Amazon have collectively spent ~$90B on capex in their most recent quarters and are expected to spend over $344B for the year — If there's any lesson to take from the spending plans issued by the world's largest technology companies over the past two weeks …
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Filings: crypto industry donated $26M+ to Trump's super PAC, MAGA Inc., in H1, including $5M from Blockchain.com; Marc Andreesen and Ben Horowitz gave $3M each — The crypto industry has donated more than $26 million to President Trump this year, according to newly-filed campaign finance disclosures.
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Google says it will preserve “actively used” goo.gl URLs, after announcing earlier that all existing goo.gl links would stop working in August 2025 — After originally planning to have all goo.gl URLs stop working later this month, Google will now “preserve actively used links.”
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A US jury finds Tesla partially liable for Autopilot's role in a fatal 2019 crash in Florida, and orders the company to pay $200M in punitive damages — The outcome is a stunning rebuke for Tesla, which for years has fought to absolve itself of responsibility when its technology is involved in a crash.
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Source: GPT-5 improvements won't be comparable to the leaps in performance of earlier models, such as between GPT-3 in 2020 and GPT-4 in 2023 — OpenAI made waves across the industry in December when it published the results from its tests of artificial intelligence that performs better …
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Fundamental Research Labs, which is working on AI applications in different fields, including a general-purpose consumer assistant, raised a $30M Series A — Applied AI research company Fundamental Research Labs (formerly known as Altera) announced today that it has raised $30 million …
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Instagram now requires users to have a public account with 1,000+ followers to go live, aligning with TikTok; previously, the feature was open to all users — Instagram users now need a public account with a minimum of 1,000 followers to go live on the platform, the social network confirmed to TechCrunch.
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Hoboken, NJ-based Saphyre, which makes software used in securities trading, raised $70M from FTV Capital — The growth investment in Saphyre marks the private-equity firm's latest deal targeting capital-markets technology providers — Private-equity firm FTV Capital has invested $70 million in Saphyre …
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Reddit pauses plans to let users make subreddits with content behind a paywall, as it focuses on other priorities, including “accelerating international growth” — Subreddits that would charge a fee for access aren't happening anytime soon.
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Sources: thousands of US export license applications, including for Nvidia's shipments of AI chips to China, are stalled due to US Commerce Department turmoil — Thousands of license applications by U.S. companies to export goods and technology around the globe, including to China …
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In the UK, X and Reddit are blocking wide-ranging content, including about parliamentary debates, Ukraine, and Gaza, to comply with the Online Safety Act — Social media companies are blocking wide-ranging content - including posts about the wars in Ukraine and Gaza - in an attempt to comply …
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Nintendo plans to raise the price of original Switch “family of systems and products” and some Switch 2 accessories in the US; Switch 2 price won't change — The price hike will affect the family of original Switch systems, including the Lite and OLED.
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China accuses the US of exploiting an old Microsoft Exchange flaw to control a key Chinese defense company's servers for nearly a year and steal military data — China accused the US of exploiting a flaw in Microsoft Corp.'s email servers to steal military data and launch cyberattacks on its defense sector.
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TikTok launches a new version of its app called TikTok Pro in Germany, Portugal, and Spain, allowing users to earn “virtual sunshine” to support charities — TikTok is launching a new version of its app called “TikTok Pro” in Germany, Portugal, and Spain.
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The UK's Financial Conduct Authority plans to allow retail investors to access crypto exchange-traded notes, dubbed cETNs, on FCA-approved, UK-based exchanges — - The UK financial regulator is set to open up access to crypto exchange-traded notes for retail investors on FCA-approved, UK-based exchanges.
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Reddit wants to become “a go-to search engine” for users; its core search has 70M+ weekly active unique users and AI-powered Reddit Answers has 6M weekly users — CEO Steve Huffman says the company is focused on making the platform a ‘go-to search engine.’
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Hong Kong's stablecoin licensing regime takes effect, requiring issuers to get approval from the Monetary Authority, comply with AML protocols, and more — Hong Kong's new stablecoin licensing regime takes effect, tightening rules as the city vies for a global crypto edge. — In brief
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Microsoft plans to end support for Windows 11 SE next year, five years after launching the OS on low-cost laptops designed to compete with Google Chromebooks — Microsoft isn't chasing after Chromebooks anymore, as demand tails off. … Microsoft is ending support for Windows 11 SE next year …
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Source: OpenAI raised $8.3B at a $300B valuation, months ahead of schedule, as part of plans to raise $40B this year; 5M business users pay for ChatGPT — The venture capital round values the ChatGPT maker at $300 billion, and underscores the fierceness of the A.I. money race.
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Google rolls out Gemini 2.5 Deep Think, its most advanced reasoning model, which can consider multiple ideas simultaneously, to $250-per-month Ultra subscribers — Google DeepMind is rolling out Gemini 2.5 Deep Think, which, the company says, is its most advanced AI reasoning model …
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