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A term sheet shows Tencent is seeking to raise as much as $1.55B in a selldown of part of its stake in short-video app operator Kuaishou through a block trade (Julia Fioretti/Bloomberg)

A term sheet shows Tencent is seeking to raise as ...

1 month ago 11 Add to circle

Tencent releases Hy3, a 295B-parameter model that it says is competitive with GLM-5.1 and 5.2, under the Apache 2.0 license, following a preview launch in April (Sam Witteveen/VentureBeat)

Tencent releases Hy3, a 295B-parameter model that ...

1 month ago 21 Add to circle

Source: Mercor hit over $2B in gross revenue run rate in June, double its pace in April, and is profitable on a free cash flow basis (Julia Hornstein/The Information)

Source: Mercor hit over $2B in gross revenue run r...

1 month ago 10 Add to circle

Illinois Governor JB Pritzker signs SB 315, a bill requiring annual third-party safety audits of leading AI companies; OpenAI and Anthropic backed the bill (Adam Harrington/CBS News)

Illinois Governor JB Pritzker signs SB 315, a bill...

1 month ago 8 Add to circle

Nintendo plans to stop selling the original Switch, Lite, and OLED in Europe from mid-February 2027 and update the Switch 2 to comply with new EU battery rules (Andrew Webster/The Verge)

Nintendo plans to stop selling the original Switch...

1 month ago 2 Add to circle

Filing: Strategy sold 3,588 bitcoin for ~$216M between June 29 and July 5 to replenish its USD reserve; its holdings have an $11.4B paper loss at current prices (James Hunt/The Block)

Filing: Strategy sold 3,588 bitcoin for ~$216M bet...

1 month ago 4 Add to circle

Memo: Xbox CEO Asha Sharma says the unit will divest five studios, including Ninja Theory, alongside ~3,200 job cuts, to streamline the business, in a "reset" (Bloomberg)

Memo: Xbox CEO Asha Sharma says the unit will dive...

1 month ago 4 Add to circle

Memo: Microsoft is laying off ~4,800 employees, or ~2.1% of its workforce; most are in sales or Xbox, where ~20% of jobs are set to be cut by the end of FY 2027 (Tom Warren/The Verge)

Memo: Microsoft is laying off ~4,800 employees, or...

1 month ago 4 Add to circle

Reddit says its AI-powered content moderation systems caught 25K "spammy posts and comments" per day in Q1, reducing users' exposure to such content by 20% YoY (Natalie Lung/Bloomberg)

Reddit says its AI-powered content moderation syst...

1 month ago 4 Add to circle

Broadcom agrees to expand its Apple partnership through 2031 to develop and supply custom chips; in 2023, the companies announced a multibillion-dollar 5G deal (Akash Sriram/Reuters)

Broadcom agrees to expand its Apple partnership th...

1 month ago 4 Add to circle

Anthropic signs a 20-year, ~$19B lease to use a TeraWulf data center in Kentucky, set to have a ~400MW capacity and to start delivering power in H2 2027 (CNBC)

Anthropic signs a 20-year, ~$19B lease to use a Te...

1 month ago 4 Add to circle

AI agent training platform Bespoke Labs raised $40M across a seed led by 8VC and a Series A led by Wing, saying the funding gives it almost two years of runway (Natalie Breymeyer/Axios)

AI agent training platform Bespoke Labs raised $40...

1 month ago 4 Add to circle

Filing: Brookfield-backed data center company Csquare seeks to raise up to $1.35B in an IPO, selling 50M shares at $23 to $27 each for an up to $4.18B valuation (Ryan Vlastelica/Bloomberg)

Filing: Brookfield-backed data center company Csqu...

1 month ago 5 Add to circle

How Masayoshi Son is remaking SoftBank in his own image, betting on AI; SoftBank trades at a ~50% discount to its net asset value, as some question his strategy (David Keohane/Financial Times)

How Masayoshi Son is remaking SoftBank in his own ...

1 month ago 3 Add to circle

A profile of Samsung union leader Choi Seung-ho, w...

1 month ago 4 Add to circle

An interview with Agility Robotics CEO Peggy Johnson on why the startup is going public via a SPAC, the physical layer as its core advantage, safety, and more (Connie Loizos/TechCrunch)

An interview with Agility Robotics CEO Peggy Johns...

1 month ago 5 Add to circle

An interview with Agility Robotics CEO Peggy Johnson on why the startup is going public via a SPAC, the physical layer as its core advantage, safety, and more (Connie Loizos/TechCrunch)

An interview with Agility Robotics CEO Peggy Johns...

1 month ago 5 Add to circle

AI-driven drops in labor income and gains in capital income could hit Ireland's tax base, with 6%+ of its workforce in tech and heavy exposure to US companies (Olivia Fletcher/Bloomberg)

AI-driven drops in labor income and gains in capit...

1 month ago 4 Add to circle