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Filing: ex-a16z partner Bryan Kim is forming venture firm Mido Capital; sources: he plans to raise ~$100M for a fund backing early-stage AI and other startups (Yuliya Chernova/Wall Street Journal)

Filing: ex-a16z partner Bryan Kim is forming ventu...

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Sources: ByteDance is pre-training an AI model with up to 10T parameters, roughly 3x Kimi K3 and potentially larger than estimates for Anthropic's Mythos 5 (Financial Times)

Sources: ByteDance is pre-training an AI model wit...

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Sources: an addendum to the bipartisan Clarity Act would force President Trump to divest from crypto businesses, letting him defer paying taxes on the gains (Bloomberg)

Sources: an addendum to the bipartisan Clarity Act...

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Sydney-based AI data center company Firmus raised $2B in funding from Coatue, Nvidia, and others at a $10.5B post-money valuation, up from $5.5B in April (Nichiket Sunil/Reuters)

Sydney-based AI data center company Firmus raised ...

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Sydney-based AI data center company Firmus raised $2B in funding from Coatue, Nvidia, and others at a $10.5B post-money valuation, up from $5.5B in April (Nichiket Sunil/Reuters)

Sydney-based AI data center company Firmus raised ...

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Naïve, which provides infrastructure for AI agents to handle most business operations, raised a $28.5M Series A led by Nexus, bringing its total funding to $32M (Ram Iyer/TechCrunch)

Naïve, which provides infrastructure for AI agents...

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Sources: Alibaba plans to ask heavy commercial users of its next Qwen open model for a share of revenue; Moonshot's Kimi K3 requires up to a 30% revenue share (Reuters)

Sources: Alibaba plans to ask heavy commercial use...

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Security researchers claim Kimi K3 went outside its sandbox during defensive cybersecurity tests, but did not hack anything after accessing the internet (Will Knight/Wired)

Security researchers claim Kimi K3 went outside it...

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An interview with Replit CEO Amjad Masad on why "vibe coding" is never about coding, the SaaS apocalypse, building a "self-driving company", and more (Casey Newton/Platformer)

An interview with Replit CEO Amjad Masad on why "v...

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A profile of DDN, a managed data storage company w...

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New Mexico trial: a judge orders Meta to pay $567M and make changes for underage users after finding its platforms helped create a public nuisance harming teens (KOB 4)

New Mexico trial: a judge orders Meta to pay $567M...

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Alphabet raises $25B in a bond sale; sources say the offering attracted roughly $115B of peak demand and that the company plans to issue US debt twice a year (Bloomberg)

Alphabet raises $25B in a bond sale; sources say t...

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Atlassian reports Q4 revenue up 28% YoY to $1.77B, vs. $1.66B est., cloud revenue up 31% to $1.2B, forecasts Q1 revenue above est.; TEAM jumps 31%+ after hours (Arunesh Sinha/Reuters)

Atlassian reports Q4 revenue up 28% YoY to $1.77B,...

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Twilio reports Q2 revenue up 22% YoY to $1.5B, above $1.43B est., and forecasts Q3 revenue above estimates; TWLO jumps 16%+ after hours (Reinhardt Krause/Investor's Business ...)

Twilio reports Q2 revenue up 22% YoY to $1.5B, abo...

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Sources: Canva slashed revenue growth forecast as heavy use of new AI features drove up costs and slowed their rollout, while more Canva users turned to ChatGPT (The Information)

Sources: Canva slashed revenue growth forecast as ...

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Cloudflare reports Q2 revenue up 36% YoY to $696.1M, above $665M est., and forecasts Q3 revenue above estimates; NET jumps 17%+ after hours (Angela Palumbo/Barron's Online)

Cloudflare reports Q2 revenue up 36% YoY to $696.1...

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Instacart reports Q2 revenue up 14% YoY to $1.04B, GTV up 14% to $10.35B, above est., forecasts Q3 GTV and core profit above est.; CART jumps 8%+ after hours (Koyena Das/Reuters)

Instacart reports Q2 revenue up 14% YoY to $1.04B,...

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Roku reports Q2 revenue up 22% YoY to $1.35B vs. $1.3B est., net income of $164.2M, ad revenue up 25% to $673M, and subscription revenue up 26% to $548M (Todd Spangler/Variety)

Roku reports Q2 revenue up 22% YoY to $1.35B vs. $...

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