Bipartisan AI Regulatory Framework Released That Would Override Some State Rules
Reps. Jay Obernolte (R-Calif.) and Lori Trahan (D-Mass.) unveiled the bill on Thursday.
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Pinterest Commits to Using Trainium Chips, Spend $4 Billion with AWS
Pinterest will use the AI chips to power its visual discovery engine
Meta Looks to Charge Up to $200 a Month for Planned ‘Hatch’ AI Agent
Planned consumer version of the OpenClaw agent tool is part of Meta's effort to add revenue streams to justify its heavy spending on AI.
Benchmark Raises $1.25 Billion Fund to Back Mature Startups
The firm has raised two new funds, one of which will invest in later-stage startups, breaking its tradition of exclusively backing early-stage companies.
SpaceX Sets $135 Per Share Target Price for IPO
Setting an exact price per share at this stage is unusual.
Apple to Launch New Siri in September With Help of Google, Nvidia
Apple will use Nvidia’s B200 chips to run parts of Siri
Broadcom Reports 48% Revenue Growth as AI Chip Business Expands
The company projected its topline to expand 84% in the third quarter, driven by even faster growth in AI chips.
Stripe, Visa, Mastercard, Coinbase to Form Consortium to Issue New Stablecoin
The new stablecoin will seek to challenge Circle and Tether’s market dominance.
Meta Rolls Out AI Business Agents Globally
The company is also launching a new platform that lets businesses connect agents to tools like Shopify and Zendesk to automate customer interactions and sales functions.
Google Increases Equity Raise to $84.75 Billion
The bulk of the money is earmarked for spending on AI infrastructure and compute, highlighting the cost of the AI infrastructure buildout.
Snowflake, Startup AtScale Building Bridge to Microsoft’s Power BI
The two software providers aim to make it easier for their joint customers to analyze data in Microsoft's data visualization tool.
Shopify Becomes Latest Software Firm To Buy Back Shares
Salesforce, Pinterest and ServiceNow have also ramped up their buybacks this year.
Anthropic Expands Glasswing to 150 New Organizations
The organizations will gain access to Anthropic’s cyber-capable model, Claude Mythos Preview.
Meta Adds Limits to Employee Tracking Tool After Staff Backlash
Company is updating its Model Capability Initiative to add stronger privacy, exemptions and a 30-minute pause.
Microsoft Unveils New Homegrown AI, OpenClaw-Inspired Agents for Businesses
Microsoft announced seven new homegrown AI models, including ones specialized for coding and reasoning.
Microsoft Debuts New Nvidia-Powered “Dev Box” PC; OS for Wearable and Desktop “Agent First” Devices
The device gives Microsoft a more direct competitor to Apple’s Mac Mini, which has seen spiking demand from developers running AI.
OpenAI Says It Will Combine Codex and ChatGPT Soon, Announces Business Tools
OpenAI announced specialized features within its Codex coding app designed to help with tasks ranging from product design to investment banking.
President Trump Signs Scaled-Back AI Executive Order
Trump had delayed an earlier version of the order in May.
SpaceX Pushes for IPO Banks to Cut Fees
SpaceX is seeking a less than 0.75% fee, Bloomberg reported, while previous mega listings have usually commanded at least 1%.
SK Hynix to Double Capacity as AI Strains Memory Supply
SK Hynix Chairman said the memory shortage could last until 2030.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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