Digital i: YouTube overtakes Netflix in average daily viewing globally, rising from 87.2 minutes in 2024 to 99.1 in 2025, while Netflix fell from 100.5 to 93.4 (Michael Savage/The Guardian)

Techmeme

Nesto, a Montreal-based mortgage and finance tech startup, raised a CA$302M Series E at a CA$1.47B valuation to expedite deployment of its lending platform (Alex Riehl/BetaKit)

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Analysis: assuming API pricing, the $200/month Claude Max and ChatGPT Pro plans offer up to ~$8,000/month and ~$14,000/month worth of tokens, respectively (@semianalysis_)

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Xiaomi releases MiMo Code V0.1.0, an open-source AI coding assistant that it says outperforms Claude Code on agentic coding and software engineering benchmarks (Carl Franzen/VentureBeat)

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Zelle owner EWS says it plans to expand the payment service to India later this year, its first international market, and create its own USD-backed stablecoin (Associated Press)

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Anthropic, OpenAI, and other AI startups have announced major London expansions over the past year, as the city emerges as a key AI talent hub outside the US (Kai Nicol-Schwarz/CNBC)

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Ted Cruz and Ron Wyden introduce the JAWBONE Act, which would let Americans sue federal officials who try to coerce broadcasters or platforms to censor speech (Jon Brodkin/Ars Technica)

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Agentic workplace startup Genspark raised a $100M Series B extension at a $2.6B post-money valuation, up 63% in just three months; it has raised $645M+ to date (Chris Metinko/Axios)

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Adobe reports Q2 revenue up 13% YoY to $6.62B, vs. $6.46B est., and raises its annual forecasts; CFO Dan Durn is leaving for Marvell; ADBE drops 5%+ after hours (Zaheer Kachwala/Reuters)

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Sources: Founders Fund's ~3% stake in SpaceX is now worth $50B+, after investing $600M; a16z will get the biggest return in its history, with a $10B+ stake (Bloomberg)

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SpaceX raises $75B in the biggest-ever IPO, after selling 555.6M shares at $135 each, giving it a market value of $1.77T (Bailey Lipschultz/Bloomberg)

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Polish lawmakers pass legislation imposing prison sentences of up to five years for "trash streaming" of violent crimes, gambling promotion, and more (Anna Wlodarczak-Semczuk/Reuters)

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Some investors question SpaceX's projected $1.77T valuation, citing its $4.3B loss on $4.7B in revenue in Q1, concerns over space data centers, and more (New York Times)

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Former a16z GP John O'Farrell criticizes the AI industry and his ex-partners for spending hundreds of millions to fight regulation, calling it "a huge mistake" (John O'Farrell/New York Times)

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Coinbase launches an AI agent that can execute trades and pay for premium research; users can give it access to their main account or have it operate separately (Ivan Mehta/TechCrunch)

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Europol says it has dismantled the AudiA6 crypto mixing service, which allegedly laundered $380M+ for ransomware actors and others between 2022 and 2025 (Bill Toulas/BleepingComputer)

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Sources: Anthropic signed 12+ initial agreements for direct data center leases, a first for the company, with Google potentially providing a financial guarantee (Anissa Gardizy/The Information)

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PhoenixAI, formerly CelerData, which is building what it calls an agentic AI-ready analytical database, raised an $80M Series B led by Sky9 (Kyt Dotson/SiliconANGLE)

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Barcelona-based Theker, which is building AI-powered robots for industrial environments, raised $85M led by CRV, with Samsung, LVMH, and others participating (Reuters)

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Waymo launches a $30 per month membership program called Waymo Premier, with perks including 10% cashback and five free ride cancellations per month (Sean O'Kane/TechCrunch)

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Sources: BlackRock put in an order to buy at least $5B worth of SpaceX shares; SpaceX received an over $1B request from a single family-office investor (Wall Street Journal)

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Citigroup launches a blockchain-based platform for wealthy and institutional clients to trade tokenized shares of private firms, initially for foreign investors (Gina Heeb/Wall Street Journal)

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OpenAI acquires Ona, which offers cloud services to support AI agents, and plans to bring Ona's team into its Codex effort (Seth Fiegerman/Bloomberg)

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The US House fails to extend FISA's Section 702, ensuring the warrantless surveillance program will expire for the first time since its 2008 enactment (Politico)

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Crusoe said it had "paused" a plan to build a Wyoming data center; sources: it failed to win customers including Google amid concerns about costs and timetable (Bloomberg)

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Amazon says its data centers used ~2.5B gallons of water in 2025, or 0.12 liters of water per kWh, and water use at sites it owns and operates fell 2% from 2024 (Anvee Bhutani/Wall Street Journal)

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Apollo Global has implemented a new risk assessment that categorizes software investments into 12 to 14 sectors to rank their susceptibility to AI disruption (Hannah Webster/Bloomberg)

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Jeff Bezos' Prometheus, which is building AI models for physical tasks, raised a $12B Series B at a $41B valuation, following a $6.2B Series A (Dan Primack/Axios)

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Nvidia and Abridge, maker of an AI note-taking app for doctors, are training an AI model for clinical conversations using de-identified data and Nemotron models (Belle Lin/Wall Street Journal)

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Digital Asset, which builds Canton Network, a public blockchain with privacy features, raised $355M, including $100M from a16z crypto (Bloomberg Law)

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Anthropic donates $150M to launch Claude Corps, a fellowship program that will teach 1,000 fellows how to use Claude and place them with nonprofits in the US (Glenn Gamboa/Associated Press)

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DoorDash launches an in-app AI chatbot to let users order food and groceries and make reservations with photos and prompts (Samantha Subin/CNBC)

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Sources: Google is in talks with Samsung to manufacture a memory input-output die for its 10th-gen Icefish TPU, while making the computing engine at TSMC (Qianer Liu/The Information)

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Sources: SpaceX's IPO has attracted $70B+ in orders from retail investors, who are expected to be allocated at least 20% of the available shares (Bloomberg)

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KKR launches Helix Digital, a new company to finance AI infrastructure, with $10B+ in committed capital from Nvidia, the Kuwait Investment Authority, and others (Brian Fagioli/NERDS.xyz)

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Coram AI, which helps organizations use AI with their existing security equipment to find incidents, raised a $35M Series B, bringing its total funding to $66M (Rya Jetha/Business Insider)

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London's Met Police calls on tech companies to make stolen phones unusable and says it is sharing data with Apple to build a "global picture" of stolen devices (Yang Tian/BBC)

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A teardown reveals the Trump Mobile T1 is a gold-painted HTC U24 Pro but features some changes, including memory from Micron instead of SK Hynix (Shahram Mokhtari/iFixit News)

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Elon Musk is busy stoking far-right culture wars across the West on the eve of SpaceX's IPO, with an impunity unmatched in modern corporate history (Zachary Basu/Axios)

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The Workers' Daily, the official mouthpiece of China's umbrella trade union, calls on regulators to protect worker rights and strengthen oversight amid AI boom (Bloomberg)

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Deezer launches an AI music detection tool for users of 20 services, including Spotify and Apple Music, after no company licensed its AI detection tech (Terrence O'Brien/The Verge)