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 staff last month it would impose a $200 per week limit for staff's AI spending beginning July 6, according to an internal memo …
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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 …
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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 …
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Memo: Microsoft is merging the consumer and enterprise versions of its Copilot chatbots into a single app featuring AI agents dubbed AutoPilot and coding tools — Microsoft is merging the consumer and enterprise versions of its Copilot AI chatbots into a single application as it tries …
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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.
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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
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Sources: Palmer Luckey's Erebor Bank is in talks to raise money at an $8B+ valuation, up from $4.35B in 2025; its deposits grew from $1.1B in March to $4B now — 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 …
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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.
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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 …
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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 …
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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.
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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
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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 …
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Filings: President Trump purchased up to $5M each in Broadcom, Meta, Amazon, Apple, Microsoft, and Nvidia stocks on July 23, the same day as 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.
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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 …
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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 …
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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.
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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 …
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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 …
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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.
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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 …
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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.
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The European Court of Justice rules that Google's earlier defeat against a €4.1B European Commission penalty over abusing Android 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 …
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A look at the CSOP SK Hynix Leveraged ETF, which trades in Hong Kong and has ballooned into a $13B fund, becoming the world's largest single-stock leveraged ETF — A Hong Kong fund tied to SK Hynix has grown so large that it's beginning to move the stock it was built to track.
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A survey of US adults finds 56% support banning social media for under-16s, while 21% oppose; majorities across demographic and partisan groups support a ban — Nearly six-in-ten U.S. adults support banning anyone under the age of 16 from using social media sites, according to a new Pew Research Center survey.
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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 …
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