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The EU blacklists Russian intelligence group members it says were responsible for spying on and hacking targets across the EU and Ukraine from as early as 2010 (Politico)
Meta says it will spend an extra $40B on its nearly 4,000-acre data center campus in Louisiana, aiming for 5GW+ of compute, pushing its total spend beyond $250B (Riley Griffin/Bloomberg)
Samsung says it now aims to begin operations at its first chipmaking plant in South Korea's Yongin by 2029, bringing the timeline forward from 2030 or 2031 (Henry Siu/The Information)
Nearly 200 economists, including 15 Nobel laureates and Anthropic's Jack Clark, sign a letter titled We Must Act Now, warning of rapid AI-led job displacement (Ben Casselman/New York Times)
Intel plans to invest €5B to expand chip manufacturing at its Leixlip facility in Ireland; in 2025, Intel canceled a planned €30B factory in Magdeburg, Germany (Financial Times)
Anthropic hires Tom Blomfield, a Monzo co-founder and one of the biggest names in UK tech, to join its compute team; he is taking a leave of absence from YC (Robert Scammell/Business Insider)
Source: OpenAI still believes it is on track to unveil its first device in 2026 and release it in 2027; Apple's lawsuit may complicate hiring and supply chains (Mark Gurman/Bloomberg)
Sources: the US estimates unauthorized distillation costs US AI labs up to $6B/year; Silicon Valley told the White House it could become an existential threat (Maggie Eastland/Bloomberg)
Apple's stock is up 16% since June 25, adding ~$650B in market value and pushing shares back to record territory, as investors flee an AI stock selloff to Apple (Ryan Vlastelica/Bloomberg)
Global smartphone shipments fell 11% YoY in Q2 to the lowest Q2 levels since 2013 amid the DRAM and NAND shortage; Samsung returns to #1 with a 24% market share (Shilpi Jain/Counterpoint Research)
Gauntlet, which helps institutions and crypto companies allocate their digital assets, raised a $125M Series C from Japanese financial conglomerate SBI Holdings (Ben Weiss/Fortune)
Seattle-based Augmodo, whose AI-powered "Smartbadges" worn by employees track shelf inventory, raised $21M led by TQ Ventures at a $350M valuation (Kurt Schlosser/GeekWire)
London-based Valarian, which allows companies to use US cloud providers for AI workloads but retain control of their data, raised a $50M Series A led by NEA (Lily Mae Lazarus/Fortune)
A coalition of 12 states led by California files an antitrust lawsuit to block Paramount's WBD merger, alleging it lessens competition in three markets (Gene Maddaus/Variety)
Filing: Google urged the European Commission not to target DNS resolvers, VPNs, or IPs to fight piracy, calling the measures ineffective and easily circumvented (Ernesto Van der Sar/TorrentFreak)
Apple's OpenAI lawsuit follows months of simmering tensions and highlights OpenAI's hardware chief Tang Tan's strained relationship with former boss John Ternus (Mark Gurman/Bloomberg)
Apple's lawsuit could sidetrack OpenAI's hardware aspirations for years, or possibly forever, as the startup gets into yet another controversy and messy divorce (M.G. Siegler/Spyglass)
Psychologist Peter Gray argues that school stress, not smartphone use, is the main driver of the teen mental health crisis, challenging Jonathan Haidt's thesis (Kaitlyn Tiffany/The Atlantic)
Current AI market dynamics point to frontier models becoming commodity infrastructure as the token crunch eases, with value shifting to products built on top (Benedict Evans)
A look at Bending Spoons' hiring process: the company, which owns Vimeo, AOL, and Evernote, received 800,000 job applications last year and made only 286 hires (Ben Cohen/Wall Street Journal)

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