/r/technology
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Execs Confused and Horrified by the Huge AI Bills After Thinking They Could Replace Workers for Free
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'It Never Trickles Down' — Bernie Sanders Hits Out at Microsoft Over Xbox Layoffs and Console Price Rises, Says They Prove Corporate Tax Breaks Do Not Create Jobs
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Bethesda HR Forced Staff To Remove Small Memorial To Laid-Off Colleagues
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Sony CEO Sells Over Half His Stock Following PlayStation Disc Announcement
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County With 37 Data Centers Asks Schools to ‘Conserve Electricity’
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If you thought SpaceX stock was doing badly before, now it’s really tanking — closing below $150 debut price
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DuckDuckGo's Browser Now Blocks YouTube Ads for Free – No Extension Required
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Lawsuit: Man used Grok to make 7K sex images of stepdaughter, then shot himself / More young girls sue X over Grok CSAM; X accused of shielding child predators.
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New York has banned smart glasses in all 1,240 state, county, city, town and village courts.
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Bank of America Warns That AI Investors Are in for a Nasty Reality Check
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Cracked version of Assassin’s Creed Black Flag Resynced leaked days prior to official release despite Denuvo DRM protection — Denuvo unable to stop crackers, with some finding ways to completely remove it from other titles
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A Michigan Couple Says a Nearby AI Data Center’s Constant Hum Is Ruining Their Home
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John Deere owners will get the right to repair their own equipment under a new FTC settlement
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Anthropic Caught Secretly Spying on Users
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Victims of 23andMe data breach to get $47m payout, judge rules
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PlayStation Fans Officially Refuse To Let Sony Ignore Gaming's Biggest Conflict
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AI software that generates ‘rage bait’ developed by Germany’s far-right AfD
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$70 EA Sports College Football 27 Locks Single-Player Content Behind Microtransactions And Earns ‘Mostly Negative’ Rating On Steam Within 24 Hours Of Release
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New York can restrict sports gambling on prediction markets, US judge rules
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‘Absolutely bananas’: San Francisco homes sell for $1m above asking price amid AI boom
Techmeme
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Character.AI launches three human-written, AI-generated microdramas, whose characters users can chat with, and aims to eventually let users make their own shows (Ivan Mehta/TechCrunch)
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Muse Spark 1.1 costs $1.25 per 1M input tokens and $4.25 per 1M output tokens; Alexandr Wang says coding and agentic tasks were key focuses (Ina Fried/Axios)
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Meta launches a Meta Model API, whose pricing Zuckerberg says will be "aggressive and attractive" at ~25% of the cost of OpenAI and Anthropic models (Kurt Wagner/Bloomberg)
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Meta releases Muse Spark 1.1, capable of more advanced coding and a "step-change" from the first generation, available to US developers via a public API preview (Dominic Preston/The Verge)
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European startups raised $24B in Q2, up 66% YoY and the strongest quarter in four years; UK startups raised $10.4B, above Germany's $3.2B, and France's $2.4B (Gené Teare/Crunchbase News)
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Anthropic launches a "reflection" dashboard in beta for Free, Pro, and Max users to track Claude usage patterns over 1-, 3-, 6-, or 12-month intervals (Anthropic)
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Databento, which sells financial data feeds, raised a $97M Series B led by NEA, taking its total funding to $127M, and says it is "profitable every month" (Lily Mae Lazarus/Fortune)
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Micron raises its US capex commitment to $250B through 2035, adding $50B for facilities in NY, ID, VA, and elsewhere, and invests $500M in GlobalWafers (Maggie Eastland/Bloomberg)
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Ollama, which helps developers run open-weight AI models locally, raised a $65M Series B led by Theory Venture, following a $15M Series A led by Benchmark (Julie Bort/TechCrunch)
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PrismML says it ran a 27B-parameter Qwen 3.6 model on an iPhone 17 Pro, bigger than any prior on-device model; sources: Apple held talks with PrismML about it (Aaron Tilley/The Information)
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Internal memo: Meta plans to begin production of its in-house AI chip, codenamed Iris, in September, and aims to boost its computing power to 14GW in 2027 (Reuters)
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India scraps import duties on some parts used to make devices like phones until March 31, 2029, removing 7.5% and 5% levies, which might help Apple and Xiaomi (Nikunj Ohri/Reuters)
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Apple supplier Luxshare fell in its Hong Kong trading debut, closing down 1.6%, after raising ~$3.1B in the city's biggest listing in 2026 so far (Bloomberg)
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Enterprise AI agent startup Lyzr is raising a $100M Series B at a ~$500M valuation, up from $250M in a Series A in 2026, and says agents wrote investment memos (Saritha Rai/Bloomberg)
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Internal DOJ memo: attorneys on crypto cases should expect less cooperation from Binance, which is adding asset freeze requirements; Binance denies any changes (Leo Schwartz/The Information)