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OpenAI Quietly Turns to Google to Stay Online

OpenAI, the company behind ChatGPT, has quietly added Google Cloud as one of its official service providers, meaning Google will now help power the systems that run ChatGPT and other AI products. This development was disclosed on OpenAI’s website in a list of what are called sub-processors, or companies that handle or process user data on OpenAI’s behalf. For everyday users, it may not seem like a big deal. But behind the scenes, it is a major shift. OpenAI, which is backed by Microsoft, has

Meta refuses to sign EU’s AI code of practice

Meta has refused to sign the European Union’s code of practice for its AI Act, weeks before the bloc’s rules for providers of general-purpose AI models take effect. “Europe is heading down the wrong path on AI,” wrote Meta’s chief global affairs officer Joel Kaplan in a post on LinkedIn. “We have carefully reviewed the European Commission’s Code of Practice for general-purpose AI (GPAI) models and Meta won’t be signing it. This Code introduces a number of legal uncertainties for model developer

Wall Street’s AI Bubble Is Worse Than the 1999 Dot-com Bubble, Warns a Top Economist

Back in 1999, Wall Street lost its collective mind over the internet. Companies with no revenue were suddenly worth billions, “eyeballs” were treated as currency, and market analysts predicted a frictionless future where everything would be digital. Then the bubble burst. Between March 2000 and October 2002, an estimated five trillion dollars in market value vanished into thin air. Today, it is happening again. This time, the magic word is not “.com.” It is “AI.” According to Torsten Slok, the

Microsoft is saving millions with AI and laying off thousands - where do we go from here?

Drew Angerer/Getty Images Last week, Bloomberg reported that Microsoft shared internally that it had saved $500 million in call center costs, thanks to AI -- shortly after the company laid 9,000 people off, the third round in a series of layoffs totaling 15,000. What does this mean for the tech industry -- and job security for humans -- at large? Also: 60% of managers use AI to make decisions now, including whom to promote and fire - does yours? Microsoft's layoffs, despite huge profits Acc

The FCC plans to ban Chinese technology in undersea cables

The Federal Communication Commission plans to vote on new rules that will ban the use of Chinese technology in undersea cables, according to a press release from FCC Chairman Brendan Carr. The proposed rules will apply to any company on the FCC's existing list of entities that pose "an unacceptable risk to the national security of the United States." Besides "prohibiting the use of 'covered' equipment," the FCC's new rules will also limit the ability for Chinese companies to receive a license t

OpenAI says it will use Google's cloud for ChatGPT

OpenAI CEO Sam Altman speaks to members of the media as he arrives at a lodge for the Allen & Co. Sun Valley Conference on July 8, 2025 in Sun Valley, Idaho. OpenAI said Wednesday that it expects to use Google's cloud infrastructure for its popular ChatGPT artificial intelligence assistant. The reach for additional capacity aligns with OpenAI's desire for more computing power to meet heavy demand after initially relying exclusively on Microsoft for cloud capacity. The two companies' relations

The Chainsmokers’ Mantis Ventures closes $100M third fund

In Brief Mantis Ventures, the venture capital firm co-founded by Alex Pall and Drew Taggart of the electronic DJ group The Chainsmokers, has raised $100 million in commitments for its third fund. At $100 million, the firm’s newest fund is 25% larger than Mantis’s previous $80 million fund, a notable achievement at a time when many venture firms are struggling to maintain their existing fund sizes or secure new capital. Mantis has invested in B2B companies, such as cybersecurity firm Chainguar

GOP’s pro-industry crypto bills could financially ruin millions, lawmaker warns

It's "Crypto Week" in Congress, and experts continue to warn that legislation Donald Trump wants passed quickly could give the president ample opportunities to grift while leaving Americans more vulnerable to scams and financial ruin. Perhaps most controversial of the bills is the one that's closest to reaching Trump's desk, the GENIUS Act, which creates a framework for banks and private companies to issue stablecoins. After passing in the Senate last month, the House of Representatives is hopi

Venture gets a rare Native American-led fund in Betsy Fore’s Velveteen Ventures

When Betsy Fore was five, her grandmother got her a gift she has never forgotten: A Velveteen Rabbit from Goodwill that Fore believed, with enough love, could spring alive. Decades later, that rabbit has lent its name to Fore’s venture firm, Velveteen Ventures, which came to life on Tuesday. “I realized after building companies for nearly two decades that I could make the greatest ripple in this one precious life by being on the other side of the table,” she told TechCrunch. Her companies inclu

Uber’s latest robotaxi partner is China’s Baidu

Uber has struck another deal with a robotaxi provider, and this time it’s with Chinese tech giant Baidu. The two companies announced Tuesday that they have agreed to a “multi-year strategic partnership to deploy thousands of Baidu’s Apollo Go autonomous vehicles (AVs) on the Uber platform” in multiple markets outside the U.S. and mainland China. Those deployments will start in Asia and the Middle East later this year, the companies said. Uber has been on a tear of AV partnerships lately as it

The Download: combating audio deepfakes, and AI in the classroom

The news: A new technique known as “machine unlearning” could be used to teach AI models to forget specific voices. How it works: Currently, companies tend to deal with this issue by checking whether the prompts or the AI’s responses contain disallowed material. Machine unlearning instead asks whether an AI can be made to forget a piece of information that the company doesn’t want it to know. It works by taking a model and the specific data to be redacted then using them to create a new model—e

AI’s giants want to take over the classroom

The companies could face an uphill battle. Right now, most of the public perceives AI’s use in the classroom as nothing short of ruinous—a surefire way to dampen critical thinking and hasten the decline of our collective attention span (a viral story from New York magazine, for example, described how easy it now is to coast through college thanks to constant access to ChatGPT). Amid that onslaught, AI companies insist that AI promises more individualized learning, faster and more creative lesso

EU likely to shelve digital tax plan that would target Apple and other Big Tech companies

Just ahead of its next multi-year budget proposal, the European Commission is walking back plans to impose a digital tax on Big Tech companies, handing a win to both U.S. tech giants like Apple and Meta, and to President Trump. Out with the digital tax, in with a few more Initially pitched as a way to help repay the EU’s shared pandemic-era debt, the digital levy was floated in May and appeared in internal drafts of the bloc’s next seven-year budget, now expected to be published by the Europea

Hypercapitalism and the AI talent wars

Meta’s multi-hundred million dollar comp offers and Google’s multi-billion dollar Character AI and Windsurf deals signal that we are in a crazy AI talent bubble. The talent mania could fizzle out as the winners and losers of the AI war emerge, but it represents a new normal for the foreseeable future. If the top 1% of companies drive the majority of VC returns, why shouldn’t the same apply to talent? Our natural egalitarian bias makes this unpalatable to accept, but the 10x engineer meme doesn’

Rocket Report: SpaceX to make its own propellant; China’s largest launch pad

Welcome to Edition 8.02 of the Rocket Report! It's worth taking a moment to recognize an important anniversary in the history of human spaceflight next week. Fifty years ago, on July 15, 1975, NASA launched a three-man crew on an Apollo spacecraft from Florida and two Russian cosmonauts took off from Kazakhstan, on course to link up in low-Earth orbit two days later. This was the first joint US-Russian human spaceflight mission, laying the foundation for a strained but enduring partnership on th

Google announces latest AI American Infrastructure Academy cohort

Google on Thursday announced the second cohort to take part in its AI Academy: American Infrastructure, which seeks to support companies using AI to address issues such as cybersecurity, education, and transportation. The four-month program is designed for companies at a seed to Series A stage and provides equity-free support and resources like leadership coaching and sales training. It’s primarily virtual, but founders will convene for an in-person summit at Google. Applications opened in late

EU rules ask tech giants to publicly track how, when AI models go off the rails

The European Union is moving to force AI companies to be more transparent than ever, publishing a code of practice Thursday that will help tech giants prepare to comply with the EU's landmark AI Act. These rules—which have not yet been finalized and focus on copyright protections, transparency, and public safety—will initially be voluntary when they take effect for the biggest makers of "general purpose AI" on August 2. But the EU will begin enforcing the AI Act in August 2026, and the Commiss

Everything tech giants will hate about the EU’s new AI rules

The European Union is moving to force AI companies to be more transparent than ever, publishing a code of practice Thursday that will help tech giants prepare to comply with the EU's landmark AI Act. These rules—which have not yet been finalized and focus on copyright protections, transparency, and public safety—will initially be voluntary when they take effect for the biggest makers of "general purpose AI" on August 2. But the EU will begin enforcing the AI Act in August 2026, and the Commiss

Blok is using AI personas to simulate real-world app usage

AI-powered coding tools like Cursor, Replit, Claude Code, and Lovable are helping developers write many lines of code every day to ship products faster. However, app makers still have to rely on either shipping full beta versions of their apps or using simulation software to gauge how upcoming features will work. Blok, a company that is coming out of stealth, allows developers to use AI to simulate different user personas to test an app’s features and learn how to make their apps better. The c

Treasury sanctions North Korean over IT worker malware scheme

The U.S. Department of the Treasury sanctioned cyber actor Song Kum Hyok for his association with North Korea's hacking group Andariel and for facilitating IT worker schemes that generated revenue for the Pyongyang regime. Considered a sub-cluster of the Lazarus group linked to North Korea's Reconnaissance General Bureau, the Andariel state actor is focused mostly on financially-motivated operations like ransomware (Maui, Play) and cryptocurrency heists. Song Kum Hyok has been identified as a

Federal ‘click to cancel subscriptions’ rule struck down in court [U]

A “click to cancel” law was last month passed in California, and now the FTC has ratified a federal rule designed to achieve the same goal. The idea of both is to force companies to make it as easy to cancel an online or app subscription as it is to sign up in the first place. Update: Following a court challenge, the US Eighth Circuit Court of Appeals has vacated the rule. See update at the end … Both laws were introduced in response to sketchy practices by companies designed to make it as dif

Sizing up the 5 companies selected for Europe’s launcher challenge

The European Space Agency has selected five launch startups to become eligible for up to 169 million euros ($198 million) in funding to develop alternatives to Arianespace, the continent's incumbent launch service provider. The five companies ESA selected are Isar Aerospace, MaiaSpace, Rocket Factory Augsburg, PLD Space, and Orbex. Only one of these companies, Isar Aerospace, has attempted to launch a rocket into orbit. Isar's Spectrum rocket failed moments after liftoff from Norway on a test f

BNY Mellon will have custody of Ripple's new stablecoin as institutional interest in crypto swells

Bank of New York Mellon will be the primary custodian for the Ripple's U.S. dollar-pegged stablecoin reserves going forward, the two companies said Wednesday. The partnership should enhance regulatory compliance for Ripple, the issuer of ripple USD (RLUSD), and boost institutional credibility for the company as well as the fast growing stablecoin industry. BNY is the nation's oldest bank and primarily serves institutions and corporations. It also adds to the growing number of traditional insti

Why I don't ride the AI Hype Train

Ever since ChatGPT came out, the tech world has jumped on a new hype train—just like it did before with crypto, NFTs, and the metaverse. This time, I think the hype spread even faster because it was so easy to try—just open a website and start typing. ChatGPT quickly became one of the fastest-growing products ever, reaching 100 million users in 2 months. Like past trends, it also brought a lot of debate and strong opinions. I’ve used ChatGPT and other large language models (LLMs), and I’ve even

Blind to Disruption – The CEOs Who Missed the Future

Posted on by steve blank How did you go bankrupt?” Two ways. Gradually, then suddenly.” Ernest Hemingway, The Sun Also Rises Every disruptive technology since the fire and the wheel have forced leaders to adapt or die. This post tells the story of what happened when 4,000 companies faced a disruptive technology and why only one survived. In the early 20th century, the United States was home to more than 4,000 carriage and wagon manufacturers. They were the backbone of mobility and the precu

AI is forcing the data industry to consolidate — but that’s not the whole story

The data industry is on the verge of a drastic transformation. The market is consolidating. And if the deal flow in the past two months is any indicator — with Databricks buying Neon for $1 billion and Salesforce snapping up cloud management firm Informatica for $8 billion — momentum is building for more. The acquired companies may range in size, age, and focus area within the data stack, but they all have one thing in common. These companies are being bought in hopes the acquired technology w

The digital future of industrial and operational work

Across all these scenarios, IT fundamentals—like remote access, unified login systems, and interoperability across platforms—are being handled behind the scenes and consolidated into streamlined, user-friendly solutions. The way employees experience these tools, collectively known as the digital employee experience (DEX), can be a key component of achieving business outcomes: Deloitte finds that companies investing in frontline-focused digital tools see a 22 % boost in worker productivity, a dou

Is there a no-AI audience?

Published on July 2nd, 2025 how about no I recently saw a post on mastodon which said that someone was actively looking for a code editor that had absolutely no "AI" features. It did not strike me as a wishlist for nostalia's sake. It made me realize that in the rush to integrate artificial intelligence into every aspect of our digital lives, a growing number of companies have diminished the concept of opt-in by choice, it is now being turned into opt-in by default. I see a growing sentiment

Here are the letters that convinced Google and Apple to keep TikTok online

is a senior tech and policy editor focused on VR, online platforms, and free expression. Adi has covered video games, biohacking, and more for The Verge since 2011. A Freedom of Information Act request has produced letters that the US Department of Justice sent to Google, Apple, Amazon, and several other companies in order to assuage their concerns about breaking a law that banned US web services from working with TikTok. The documents — obtained by Zhaocheng Anthony Tan, a Google shareholder