Robotics and AI startup Lyte, founded by ex-Face ID engineers, raised $165M led by Maverick Silicon at a $1.6B valuation, taking its total funding to $272M — Lyte, a fast-growing robotics and artificial intelligence startup from top members of Apple Inc.'s Face ID team …
Dell unveils the student-focused Dell 14S, with Intel Wildcat Lake chips and starting with 8GB of RAM and 256GB of storage, in a bid to rival the MacBook Neo — The Dell 14S promises an aluminum build, Intel Wildcat Lake chips, and lots of battery life — for a price we don't know exactly yet.
Study: ~33% of UK adults say they used illegal streaming services in the past three months, costing the sports, TV, and film industries ~£1.4B in annual revenue — Coalition seeks government support to crack down on pirated content and restore lost revenue
Sources: Google approached Disney, Universal, and other studios to license characters and films for its AI tools, but legal and union concerns stalled deals — - Google is quietly courting Disney, Universal, Warner Bros. Discovery and other studios to license characters and film libraries for its AI tools …
Bank of England Governor warns that advanced AI could destabilize the highly interconnected global financial system via cyber disruption across jurisdictions — Andrew Bailey warns group about risk of advanced ‘frontier models’ destabilising the ‘highly interconnected’ financial system
Sources: OpenAI bought tens of thousands of Macs for RL, Anthropic rents them, Nvidia sees Apple as its main local AI rival as Macs gain traction with AI devs — The hottest products at Apple right now are not the iPhone, the iPad or a buzzy new show on the company's streaming service.
A look at the management changes John Ternus could make as many key Apple execs prepare to leave in the next few years; Apple tested a Pencil for folding iPhone — Also: Apple experimented with a Pencil for the coming foldable iPhone. — When John Ternus becomes Apple's CEO this week …
A look at the race to build quantum computers, as the tech becomes a geopolitical battleground with potential to transform cybersecurity, finance, and more — Companies are racing to create devices that could revolutionize finance, supercharge medical and climate research …
The OpenAI/Hugging Face incident feels “more than 50%” of the way to a full-blown AI takeover and as AI advances rapidly we may not get another warning shot — It's a major warning shot, and might be the last one we get — All opinions are my personal view, and don't represent my employer or fellow investigators.
Sources detail how Meta's $17.1B settlement with state AGs came together as Meta wanted to avoid going to trial following losses in cases in LA and New Mexico — State attorneys general spent months in negotiations. Then, as its legal losses mounted, the social media giant's new top lawyer brought a huge settlement to the table.
Cursor co-founder Michael Truell says OpenAI represents just 5% of Cursor's traffic and Cursor trusted OpenAI to be “neutral”; Musk says he “couldn't care less” — OpenAI said Friday night that it will terminate its contract to provide its AI models …
New AI-powered video tools have accelerated the surge in AI dramas in China; DataEye: 89 of the top 100 animated dramas on Douyin in May were AI productions — Online performers left jobless as new video-generation programmes sweep industry — Chinese actors and online influencers have a new rival …
Chinese memory chipmaker CXMT reports H1 revenue of ~$22.4B, more than double its 2025 sales, and ~$11.5B in profit, compared to a loss a year earlier — CXMT Corp.'s first-half revenue leapt almost 10-fold while profit surged, reflecting a rush for AI hardware that's made the memory chipmaker China's most valuable business.
Sources: Shein pivoted to a Hong Kong IPO and sought to build Chinese government ties, after its New York and London bids failed to secure Beijing's approval — When Shein makes its market debut on Tuesday, it will be in Hong Kong and not New York or London like it once dreamed …
Sources: Singapore-based Shein is set to price its Hong Kong IPO at ~$6.20, or near the midpoint of its marketed range, raising $1.73B and valuing it at ~$26.5B — Online fast-fashion retailer Shein is set to price its Hong Kong initial public offering near the midpoint of its marketed range …
Samantha Kelly / Bloomberg : Robotics and AI startup Lyte, founded by ex-Face ID engineers, raised $165M led by Maverick Silicon at a $1....
