Techmeme
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Infinity, founded by Jeremy Nixon, the creator of hacker network community AGI House, to build an inference library that runs on all chips, raised a $15M seed (Dominic-Madori Davis/TechCrunch)
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CAISI Director Chris Fall is resigning after taking over the federal AI testing institute in April; NIST Director Arvind Raman will serve as acting director (Maria Curi/Axios)
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Source: Tencent is in talks to acquire Israeli game developer SuperPlay in a deal valuing SuperPlay at $1B-$1.5B; Playtika acquired SuperPlay in 2024 for $690M (Golan Hazani/CTech)
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Billionaire-backed Building A Better California reserves $87M in TV ad time to oppose California's proposed one-time wealth tax; Sergey Brin put $82M into BABC (New York Times)
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Chinese open models are proper competition that should be welcomed, not something to ban or treat as a danger, and open-sourcing is an old business strategy (Bill Gurley/Washington Post)
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Sensor Tower: the number of new apps released in Apple's App Store doubled to ~560K in H1, vs. the ~600K added in all of 2025, as vibecoded apps flood the store (Kalley Huang/New York Times)
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UK government data: ~35% of UK businesses with 10+ staff use AI, up from 12% in September 2023, and the average number of AI tools grew from 1.4 in 2023 to 1.6 (Delphine Strauss/Financial Times)
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AMD plans to ship Helios, its first rack-scale AI system to rival Nvidia, later in 2026 to Microsoft, Meta, OpenAI, and others; Helios costs an estimated $5M+ (Katie Tarasov/CNBC)
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Sources: Google is developing a specialized server chip, informally dubbed "Frozen v2", that integrates its Gemini AI model blueprint into the silicon, for 2028 (The Information)
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How "synthetic insider" attacks raise the stakes for corporate cyber defense; a Verizon analysis of ~22K incidents found 12% were carried out by internal actors (Hannah Murphy/Financial Times)
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Sources: parts of the Trump administration are reigniting efforts to implement de facto bans on foreign open-source models, as Chinese AI models gain momentum (Maria Curi/Axios)
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Chinese open models like Kimi K3 and Qwen3.8 Max shift the industry's focus back to marginal costs and cost of goods sold, as inference costs scale with revenue (Ben Thompson/Stratechery)
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An interview with Expedia CEO Ariane Gorin, who calls AI "a growth opportunity", as she prepares the online travel company to face potential disruption from AI (Stephanie Stacey/Financial Times)
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How PayPal CEO Enrique Lores, appointed in February to revive the payments pioneer, may handle Stripe and Advent's takeover offer, based on his decades at HP (Wall Street Journal)
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The EU fines Alibaba's online marketplace AliExpress €550M for failing to prevent the sale of illegal products on its platform, the largest DSA fine to date (Barbara Moens/Financial Times)