The Open Platform, a key TON developer that is behind Telegram's Wallet, raised a $28.5M Series A at a $1B valuation, bringing its total funding to $70M+ (Ben Weiss/Fortune)
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Thoma Bravo strikes a $2B deal to acquire restaurant software maker Olo, paying $10.25 per share, representing a 65% premium over Olo's share price on April 30 (Ryan Gould/Bloomberg)
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Xbox says Arrowhead's Helldivers 2 will arrive on the Xbox Series X and S on August 26 for $40, the first PlayStation-published title to launch on Xbox (Cameron Faulkner/The Verge)
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Sources detail EA's issues developing the next Battlefield, which now has a $400M+ budget; some staff were skeptical of the EA leadership's 100M player target (Samuel Axon/Ars Technica)
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Samsung's One UI 8 build animation files show its future tri-fold phone, with three rear panels and two inward-folding hinges, rumored to be the Galaxy G Fold (Aamir Siddiqui/Android Authority)
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Sources: Microsoft cut hundreds of Xbox jobs across studios, including King, ZeniMax, and Halo Studios, and cancels games like the new Perfect Dark and Everwild (Jason Schreier/Bloomberg)
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Sources: JD.com and Ant are lobbying the People's Bank of China to authorize yuan-based, Hong Kong-issued stablecoins to promote the yuan and counter USD coins (Reuters)
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Mixpanel founder Suhail Doshi calls out Soham Parekh, who he says "works at 3-4 startups at the same time" and has "been preying on YC companies and more" (Bhavya Sukheja/NDTV)
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ASML, Mistral, SAP, and 110+ European companies urge the EU to delay the implementation of its AI Act, saying it puts the bloc's AI ambitions at risk (Gian Volpicelli/Bloomberg)
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Ford CEO Jim Farley, Andy Jassy, and other CEOs are now predicting AI will significantly cut white collar jobs, a shift from a reluctance to acknowledge losses (Wall Street Journal)
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Researchers detail Centaur, a modified version of Llama trained on 10M+ responses from 160 psychological experiments, in an attempt to mimic human cognition (Carl Zimmer/New York Times)
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Leaked documents: Meta is training custom AI chatbots to message users unprompted, following up on past chats to boost engagement on its AI Studio platform (Business Insider)
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An analysis of 15M+ biomedical abstracts from 2010 to 2024 finds researchers using AI to write abstracts use certain words far more often than those who don't (Gina Kolata/New York Times)
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Bitcoin's implied volatility declined to the lowest level in two years, showing decreased price swings and trading between $93K to $111K in the past two months (Kirk Ogunrinde/Bloomberg)
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Similarweb: since the launch of Google's AI Overviews, the number of news searches that result in no click-throughs grew from 56% in May 2024 to 69% in May 2025 (Sarah Perez/TechCrunch)
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White collar workers are increasingly using AI note-taking apps to assist them during Zoom meetings or fully represent them when they choose not to attend (Washington Post)
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AI is making it easier to create VTubers and faceless voiceover channels, fueling a flood of virtual creators on YouTube and TikTok amid concerns over AI slop (Zach Vallese/CNBC)
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A whistleblower details Clothoff, an AI-powered nudify app that owns 10 similar services; Clothoff had 27M visitors in H1 2024 and produced 200K images daily (Spiegel Online)
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A look at the ~$377 TranscribeGlass smart glasses that use AI to subtitle conversations in nearly real time, built for the deaf or hard-of-hearing (Boone Ashworth/Wired)
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Uber drivers in British Columbia joined a union, seeking to negotiate Canada's first bargaining agreement for rideshare drivers; Uber has agreed to meet (Thomas Seal/Bloomberg)
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Sources: CEO Whitney Wolfe Herd said Bumble's "centre of gravity" would move to the US where the "talent pool is right now"; 70% of Bumble's staff are UK-based (Financial Times)
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Baidu overhauls its search engine with AI features and a voice function in its most sweeping revamp in years, and rolls out its first image-to-video model (Bloomberg)
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Some Chinese universities are using AI detection tools to screen papers, but false positives force students to "dumb down" content or pay for rewriting services (Peiyue Wu/Rest of World)
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Siemens says it has restored full access to its chip design software for its Chinese clients after the Trump admin lifted export curbs, initially imposed in May (Mackenzie Hawkins/Bloomberg)
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Datadog is joining the S&P 500, replacing Juniper Networks after HPE acquired Juniper, before trading on July 9; DDOG jumps 10%+ after hours (Jordan Novet/CNBC)
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