/r/technology
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SpaceX stock tumbles 16.4%, shaving off most IPO gains since debut
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SpaceX Investors Are Losing a Colossal Amount of Money
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SpaceX stock has fallen all the way down to the $150s — That’s from its all-time high of over $225 on June 16, and within a razor-thin margin of its opening price of $150
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Valve prices the Steam Machine at $1,049
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Polymarket paid influencers to fake winning bets, built dummy websites to pull it off
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Judge blocks use of federal database to check citizenship, saying it could wrongly purge voters
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Big Tech is a thief and a liar, says New York Times publisher — ‘Hijacking of the public square is made possible by the original sin that animates their AI products, a brazen theft of intellectual property’
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California drivers sue gas stations for allegedly using AI to inflate prices
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EA Lays Off Unknown Number Of People Ahead Of Expected $55 Billion Sale To Saudi Arabia
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Doorbell cam filmed Tesla Autopilot crash that killed woman in her home
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ABC Escalates Battle With FCC, Launches On-Air Campaign Urging Public Support
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Kids’ Online Safety Bill Deal Reached by House Democrats, GOP
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Valve says it isn't subsidizing the Steam Machine's $1050 price because of its "religious" refusal to "build a more closed system"
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Meta Pauses Employee-Tracking Program Following Internal Data Leak | The move comes after the company left potentially sensitive data from the initiative exposed internally
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Madison Square Garden Made Dossier on Activists Who Opposed Facial Recognition / The document, titled “Facial Recognition Activists.docx,” includes specific activists’ comments about MSG's facial recognition program and tweets criticizing it.
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Polymarket's viral videos showed people winning big, but the bets were fake
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AI and tech are trying to influence the midterm elections
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Tesla faces federal probe after Model 3 slams into Texas home, killing 76-year-old
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Epic CEO Tim Sweeney says new multiplayer games are failing because players have no reason to leave their friend groups, touts Unreal Engine 6’s cross-game features as a solution
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SpaceX Shares Fall Below $150 Debut Price For First Time
Techmeme
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The Ethereum Foundation cuts ~20% of its workforce, or 54 staff, as part of a broad restructuring amid leadership turnover and growing Ethereum fragmentation (Margaux Nijkerk/CoinDesk)
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Sources: Abu Dhabi's MGX has raised close to $50B from regional sovereign wealth funds, global pension funds, and others to accelerate spending on AI deals (Dinesh Nair/Bloomberg)
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Menlo raised $3B for funds dedicated to backing AI startups, its largest fundraising to date; sources say Menlo's Anthropic stake is currently worth nearly $14B (Natasha Mascarenhas/Bloomberg)
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Meta's Starfire glasses with Kylie Jenner include a tiny gemstone on the lens, a metal nose pad to prevent absorbing makeup, and an AI version of Kylie's voice (Julian Chokkattu/Wired)
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Meta says Meta Glasses are its first AI glasses to launch with Meta AI powered by Muse Spark, and come in a range of color and lens combinations for 26 styles (Meta Newsroom)
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Meta Fury, Meta Adventurer, and Meta Glasses by Kylie have EssilorLuxottica stamped on the inside; Meta executives say dropping "Ray-Ban" helps lower the price (Victoria Song/The Verge)
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Meta unveils Meta Adventurer and Fury glasses, each priced at $299, its first under its own brand, and a $399 Starfire model in collaboration with Kylie Jenner (Mark Gurman/Bloomberg)
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New York-based crypto analytics startup Allium raised a $40M Series B led by Amplify Partners, with participation from Kleiner Perkins and others (Ben Weiss/Fortune)
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The Netherlands joins the US-led Pax Silica initiative alongside South Korea and Japan to coordinate AI supply chains; Taiwan endorses it as a non-signatory (Toby Sterling/Reuters)
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ByteDance unveils Seedance 2.5, saying the AI video model can generate up to 30-second clips from up to 50 reference materials, up from 12 for Seedance 2.0 (Juro Osawa/The Information)
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Google plans a 12-week incubator, picking 10 to 20 AI startups from its "Xoogler" alumni and providing up to $350K in cloud credits and $100K in direct funding (Guinevere Grant/Bloomberg)
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How Sam Altman's 80+ personal investments, many from his time running YC, benefit from ties to OpenAI; 10+ companies have discussed business deals with OpenAI (Wall Street Journal)
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Top500: China's Arm-based LineShine passes the US' El Capitan by 20%+ as the world's fastest supercomputer, the first time China has taken the crown since 2017 (Don Clark/New York Times)
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The EU will apply a €3 duty on items under €150 from July 1, as the bloc seeks to slow the flood of low-priced merchandise from retailers like Shein and Temu (Brendan Murray/Bloomberg)
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South Korea's tech-heavy Kospi index falls 10%, dragged down by SK Hynix and Samsung; STMicro and ASML fall ~7%, and US tech stocks fall in pre-market trading (Chloe Taylor/CNBC)