Sources: Microsoft plans to announce job cuts next week affecting less than 2.5% of its 220,000-person workforce, including roles in sales, consulting, and Xbox — - Microsoft is planning to announce job cuts soon. — The cuts are expected to affect thousands of roles, including sales and consulting positions.
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Sources: the Trump administration plans to lift export restrictions on Anthropic's Fable 5 as early as Tuesday evening, making it available to all general users — Anthropic and the administration had previously discussed conducting a technical assessment to evaluate similar risks posed by models in the future.
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Sources: Kalshi agreed to pay $20M to sponsor the World Cup knockouts, after initially balking at FIFA's $150M asking price, alongside ADI Predictstreet — When the World Cup knockout round began Sunday, Kalshi joined the likes of Coca-Cola, Visa and Adidas with sideline advertising in the stadiums …
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Almost 1,700 UK investors sue Binance and Changpeng Zhao for at least £150M, alleging Binance sold them risky derivative products without regulatory approval — Almost 1,700 British investors are suing Binance and founder Changpeng Zhao for at least £150 million ($200 million) …
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Filing: President Trump reports $1.4B+ in income from his family's crypto ventures in 2025, including $500M+ from WLF and $635M from the sale of his $TRUMP coin — U.S. President Donald Trump reported more than $1.4 billion in income from his family's crypto ventures last year …
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Sources: TikTok settles a lawsuit before a second California trial over social media harm to minors for an undisclosed sum; Meta and Snap remain defendants — TikTok is finalizing a settlement related to a lawsuit claiming that the world's largest social media platforms are addictive to minors …
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Sources: Mark Zuckerberg met with Kalshi CEO Tarek Mansour about a possible takeover last year, before directing Meta employees to build a prediction market app — Before Meta CEO Mark Zuckerberg directed employees to build a standalone prediction market app, he proposed buying Kalshi …
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Omen AI, which provides real-time coolant health monitoring for data centers, raised a $31M Series A led by Nava Ventures, bringing its total funding to $41.5M — The AI-driven demand for compute power has data centers looking to squeeze more from every rack of GPUs. One consequence?
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Google shuts down the Tenor API, affecting GIF pickers on platforms like Discord, WhatsApp, and Bluesky; Nikita Bier says X has migrated elsewhere — GIFs are a huge part of the modern web, with Tenor being one of the libraries that powers a variety of apps including Twitter/X. Google acquired Tenor …
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Claude Sonnet 5 costs $2 per 1M input tokens and $10 per 1M output tokens through August 31, after which prices rise to $3 and $15, respectively — Anthropic is upgrading Claude Sonnet, replacing Sonnet 4.6 from February with Sonnet 5 as the best medium-sized model.
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Anthropic launches Claude Sonnet 5, saying it nears Opus 4.8 performance at lower prices and is substantially better than Sonnet 4.6 for agentic work — Claude Sonnet 5 is built to be the most agentic Sonnet model yet. It can make plans, use tools like browsers and terminals …
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A study of 22K US companies shows those spending most heavily on AI are adding workers faster than peers, but most gains are among tech companies and startups — Study of 22,000 US companies challenges fears that generative AI will trigger broad job losses
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Ottawa-based Dominion Dynamics, which is building software, sensors, and drones to autonomously monitor the Arctic, raised a CA$139M Series A led by Georgian — Six months after closing a major seed round, Ottawa-based defence tech company Dominion Dynamics has secured $139 million CAD …
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SCOTUS agrees to hear Apple's appeal of a 2025 contempt ruling in its Epic case after a district judge found Apple violated an order to make App Store changes — The U.S. Supreme Court agreed on Tuesday to hear Apple's (AAPL.O) bid to escape being found in contempt in its legal fight with …
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Visa, Mastercard, Stripe, BlackRock, Coinbase, and 140+ companies join Open Standard to launch Open USD, a stablecoin that shares earnings from its reserves — Quick Take — Payment giants, banks, tech firms and crypto companies are among Open Standard's launch members.
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Schneider Electric agrees to buy industrial AI company Cognite in a $3.1B all-cash deal, and plans to combine Cognite with its industrial software company Aveva — Schneider Electric SE agreed to buy Cognite in a $3.1 billion transaction to expand its industrial data and AI software business.
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Filings: Microsoft's Ireland hub generated $47B in pretax profits for FY 2025, or 38.1% of its global total; new EU rules require country-by-country reporting — Country-by-country EU reporting requirement forces companies to offer additional public tax details
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Google launches Nano Banana 2 Lite, a low cost text-to-image model that delivers outputs in four seconds, and rolls out Gemini Omni Flash to developers — We're making it easier to experiment and scale your ideas with Nano Banana 2 Lite, our fastest, most cost-efficient Gemini Image model …
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MDOTM, which makes AI software for asset and wealth managers, raised $27M led by Expedition Growth Capital, bringing its total funding to $36.5M — MDOTM, which makes AI software for asset and wealth managers, raised $27 million in growth equity, CEO Tommaso Migliore tells Axios exclusively.
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Cybersecurity company Aikido Security acquires Root, which has raised about $37.6M and develops an AI platform for securing open-source components — Belgian cybersecurity company Aikido Security NV today announced that it has acquired Root.io Inc., a company that offers patching …
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AWS launches an internal organization for AI-focused forward-deployed engineers, backed by $1B in resources, following OpenAI and others in launching FDE teams — As companies struggle to integrate AI, they're increasingly ready to bring in outside help — and service providers are launching …
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AI chip startup Etched says it has raised $800M from investors including Jane Street and a venture firm linked to TSMC, and has signed sales contracts worth $1B — Nvidia rival says it has raised $800 million and has $1 billion in contracts. — AI chip startup Etched said it has raised $800 million …
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Cybersecurity company Aikido Security acquires Root, which has raised about $31M and develops an AI platform for securing open-source components — The Belgian company expands its AI security push and will open a new development center in Israel following the deal.
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The DOD seeks to recruit engineers experienced in frontier AI, machine learning and automation, and data systems, to embed them “down to the unit level” — The Trump administration announced plans to recruit engineers to fill “high-impact technical roles” at the Defense Department …
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An Indonesian court sentences Gojek co-founder and ex-education minister Nadiem Makarim to 10 years in prison for power abuses over a Chromebook contract — The case against Nadiem Makarim, a co-founder of Gojek, has fueled concerns about judicial fairness in a nation where foreign investors were already growing wary.
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How Spain's LaLiga uses nationwide IP blocking to combat illegal sports streams, impacting an estimated 550K+ domains, putting it in conflict with Cloudflare — From small businesses to government agencies, legitimate websites are getting caught in the crossfire of LaLiga's fight against illegal sports streams
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