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Elastic announces a ~7% reduction in its workforce, and says "advances in AI and automation are letting us operate with leaner teams"; ESTC closed down 8.70% (Richard Speed/The Register)
How the US AI build-out is pushing up prices for electricity, software, and more; in a survey, 81% of economists say it will add to inflation over the next year (Justin Lahart/Wall Street Journal)
Sources: Apple plans to skip higher-end M6 chips and launch its next Pro and Max chips in 2027 as part of the M7 lineup, to boost on-device AI capabilities (Mark Gurman/Bloomberg)
Sources: Bumble explores a sale amid slowing growth in the online dating sector; its shares fell 48% over the past 12 months, giving it a market cap of $388M (Milana Vinn/Reuters)
Nebulock, which helps security teams proactively find and remediate threats across a company's security stack, raised a $25M Series A led by FirstMark (Chris Metinko/Axios)
Google launches a Google Finance app for Android, with market data, financial news, and an AI-powered "Key Moments" feature, and plans an iOS version this year (Aisha Malik/TechCrunch)
Microsoft says the price of Xbox consoles will increase on August 1 by $100 for 512GB models and $150 for 1TB models, the third price increase since 2025 (Kenneth Shepard/Kotaku)
Notion plans to shut down its Gmail client Notion Mail on September 22 and go "all in" on AI agents to run inboxes, saying 50%+ of users do not open the inbox (Zac Hall/9to5Mac)
Sources: Kraken is in talks to acquire a 15% stake in DeFi protocol Aave at a $385M valuation, investing 35,000 ETH in return for 250,000 AAVE tokens (Will Canny/CoinDesk)
Netris, which helps neoclouds automate network configuration to bring their data centers online faster, raised a $15M Series A from a16z (Ram Iyer/TechCrunch)
Microsoft quietly extends the Extended Security Updates program for Windows 10 consumers by a year, letting eligible users get updates through October 12, 2027 (Zac Bowden/Windows Central)
The US awards $250M in CHIPS funds to a startup co-founded by billionaire mining magnate Robert Friedland to develop silicon-carbide chips and pulsed-power tech (James Attwood/Bloomberg)
Story Protocol, a blockchain-based IP ownership network that raised $140M, rebrands as Data Foundation to build an on-chain registry for AI training data (Olivier Acuna/CoinDesk)
Apple stock closed down 6.15% on Thursday after the company raised some product prices, its worst fall since April 2025 (MacKenzie Sigalos/CNBC)
Sources: Sam Altman told staff the US government asked OpenAI to stagger the release of GPT 5.6 over security concerns, approving "access customer by customer" (The Information)
Sources: OpenAI leans toward holding off its IPO until 2027 after warnings that Sam Altman's desired $1T valuation may not be met in current market conditions (New York Times)
Source: Muon Space, which operates satellite networks for climate and national security monitoring, is raising $250M; it has raised ~$181M since its 2021 launch (Alan Neuhauser/Axios)
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)
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)
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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