Google’s cloud business is thriving, as companies adopting its AI and AI infrastructure services help the tech giant to report record profits.
Treasury threatens sanctions after White House claims Moonshot distilled Anthropic’s Fable
Treasury Secretary Scott Bessent warned the U.S. government could sanction Chinese AI companies after White House officials accused Moonshot of distilling Anthropic’s Fable model to develop Kimi K3.
Tesla spending skyrockets as Cybercab, Semi, Megapack production timeline slips
Tesla’s 26% boost in revenue wasn’t enough to offset rising operating expenses and capital expenditures as it pushes to launch a new generation of products.
Social media addiction lawsuit against Meta is dropped
A closely watched social media addiction lawsuit that had been set to go to trial next week has been dropped after the plaintiff voluntarily dismissed his claims against Meta, leaving none of the major tech companies facing trial in the case.
SoundCloud acquires decentralized music platform Nina Protocol months after its shutdown
SoundCloud has acquired decentralized music platform Nina Protocol, months after the startup announced it would shut down. The deal brings Nina’s artists, editorial archive, and music discovery tools to SoundCloud as the company continues expanding its platform for independent musicians.
How OpenAI’s human mistake led to the AI-powered hack on Hugging Face
OpenAI made a mistake setting up what it called a “highly isolated” testing environment and sandbox. According to cybersecurity experts, that human mistake is what made the AI-powered attack on Hugging Face possible.
Travis Kalanick’s robotics company raises $1.7B, led by a16z
Uber is also investing in Travis Kalanick’s company Atoms, which has made gauzy claims about using industrial AI to modernize the world.
Science Corporation’s vision-restoring chip wins EU approval
”The thing that the space needs is a company making $100 million a year of revenue,” Science Corp. CEO Max Hodak said.
Yope raises $12.3M to build a private social network without algorithms or ads
Yope, a fast-growing social app focused on private groups of friends and family, has raised $12.3 million in seed funding. Instead of chasing creators and algorithmic feeds, the startup is betting that the future of social networking lies in small, private communities powered by messaging, photo sharing, and AI features designed to strengthen real-world relationships.
Menlo Ventures’ Matt Murphy explains why Anthropic is winning (and it’s not the model)
Anthropic leaped to a $47 billion revenue run rate by May, compared to $9 billion in 2025. It’s the kind of growth that Menlo Ventures’ Matt Murphy says he’s never seen in 25 years of investing, not in the internet wave, not in mobile, not in the first cloud boom. Menlo led Anthropic’s $500M Series D, and Murphy has had a front-row seat as the company went from a pre-revenue, […]