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Leah Nylen / Bloomberg: US v. Google: a federal judge rules that Google's payments to make its search engine the default on smartphone web browsers violates antitrust law -
Aditya Soni / Reuters: Apple, Alphabet, and Amazon shares fell 4%+, Nvidia fell 6%, and Microsoft and Meta fell ~3% amid worries about a potential US recession and massive AI spending -
Tanaya Macheel / CNBC: Bitcoin dropped below $50,000, its lowest level since February 2024 and down 17% since August 3, and ether dropped 15% to ~$2,300, as global markets plummet -
Financial Times: Investor letter: Elliott Management says megacap tech stocks, particularly Nvidia, were in “bubble land”, and AI is “overhyped” and “not ready for prime time” -
Samantha Cole / 404 Media: Sources: Nvidia scraped sources like Netflix and YouTube to train an unreleased foundational model; concerned staff were told they had full clearance to do so -
Cade Metz / New York Times: Elon Musk revives his OpenAI lawsuit, filing a complaint in California to allege that OpenAI, Sam Altman, and Greg Brockman breached OpenAI's founding contract -
New York Times: In an email to staff, Linda Yaccarino says X will close its San Francisco office and move workers to San Jose offices and a new Palo Alto office shared with xAI -
Washington Post: In a letter, the secretaries of state from PA, WA, MI, NM, and MN ask Elon Musk to change X's AI assistant Grok to stop it from spreading false election info -
Todd Bishop / GeekWire: Memo from Microsoft's chief people officer: “everyone at Microsoft” now has “security” as a “Core Priority”, used in performance reviews -
Cherlynn Low / Engadget: In a fifth dev beta for iOS 18, iPadOS 18, and macOS 15, Safari gets Distraction Control, which lets users block distracting elements on the page like pop-ups -
Sergiu Gatlan / BleepingComputer: Researchers discover a bug, exploited since 2018, in Windows Smart App Control and SmartScreen that lets attackers avoid security warnings for unsigned binaries -
Kyle Wiggers / TechCrunch: OpenAI says it's changing the format of its DevDay conference this fall to a series of on-the-road developer sessions and GPT-5 will not be announced during it -
Bloomberg: CrowdStrike says Delta CEO Ed Bastian failed to respond to an assistance offer from CEO George Kurtz; CrowdStrike hopes Delta will “agree to work cooperatively” -
Evan Gorelick / Bloomberg: Analysis: the vast majority of damages from July's CrowdStrike global IT outage will go uninsured; CrowdStrike reported nearly 24K enterprise customers in Q1 -
Anne VanderMey / Bloomberg: AI chip startup Groq raised a $640M Series D led by BlackRock at a $2.8B valuation, up from $1B after raising $300M in 2021, and adds an Intel executive as COO -
Harshita Mary Varghese / Reuters: Lumen, which sells data center networking and security products, says it secured new deals worth $5B from tech companies amid AI surge; LUMN up 35%+ after hours -
Reuters: Software consultancy Thoughtworks to be taken private by PE firm Apax Partners for ~$1.75B; TWKS jumps 26%+ but is still far below its 2021 IPO price -
Nilay Patel / The Verge: Q&A with Booking CEO Glenn Fogel on the company's Booking.com, OpenTable, Kayak, Priceline, and Agoda brands, using AI to book trips, hotel industry, and more -
Washington Post: An analysis of AI chats in English: 21% of people use chatbots for creative writing, 18% for homework help, 17% for search, 15% for work, and 7% for coding -
Mihai Matei / SamMobile: Sources: Samsung plans to bring some Galaxy AI features to select mid-range smartphones as well, including the Galaxy A35 and Galaxy A55 which launched in 2024 -
Lionel Laurent / Bloomberg: The architect of the initial European Commission proposal behind the EU AI Act says its reach ended up being too broad and it may entrench big US tech companies -
Ingrid Lunden / TechCrunch: Source: Placer.ai, which provides AI-powered market research based on location data, raised $75M at a $1.45B valuation, up from $1B at its Series C