01
Bloomberg Technology ↗
Reddit is deploying its own LLM-powered systems to fight a new kind of spam: stealth marketing content planted by brands hoping to get mentioned by AI chatbots like ChatGPT and Gemini. The company says it uses large language models to catch the subtle, coordinated patterns of fake behavior that older detection systems missed, blocking 23 million spam views daily and catching about 25,000 new spam posts and comments each day. Reddit reported a 20% reduction in user exposure to spam in the January to March quarter compared with the prior one.
02
Bloomberg Technology ↗
AI video company Runway is going global, opening new hubs in London, Tokyo, and Paris and planning to invest nearly $300 million over the next few years as it scales its business and AI research beyond the US. Co-founder and CEO Cristóbal Valenzuela discussed the expansion on Bloomberg's technology program, framing the new offices as a way to bring the company's video generation tools closer to international customers and talent.
03
CNBC Technology ↗
Nvidia's next-generation Kyber rack system, built for its 2027 Rubin Ultra chips, has reportedly been delayed to 2028 because of manufacturing problems with its 78-layer PCB midplane, one of the most complex boards ever designed for a commercial computing product. The supply chain research firm behind the report says the challenges span signal integrity, power delivery, thermal design, and manufacturable board layer counts. Nvidia also reportedly scrapped a stopgap rack design after cloud customers rejected it, adding to concerns that its breakneck annual release cadence is colliding with manufacturing limits and potentially opening a window for AMD and Google.
04
TechMeme ↗
Illinois Gov. JB Pritzker signed SB 315, the AI Safety Measures Act, making Illinois the first US state to require annual third-party safety audits of frontier AI developers. The law applies to AI companies with more than $500 million in revenue and requires them to submit independent audits of their safety plans every year, taking effect January 1, 2027. The bill passed the Illinois House 110-0 and the Senate 52-5, and both OpenAI and Anthropic supported it throughout the process.
05
CNBC Technology ↗
Alibaba has classified Anthropic's Claude Code as high-risk software and banned employees from using it starting July 10, directing staff to its in-house Qoder tool instead. The move escalates a feud that began when Anthropic accused operators linked to Alibaba's Qwen lab of running the largest known model distillation attack against Claude, using roughly 25,000 fraudulent accounts to run nearly 28.8 million exchanges over about six weeks. The ban followed a viral Reddit post claiming Claude Code had quietly shipped China-detection logic since April, which Anthropic described as an anti-abuse experiment it had been meaning to remove.
06
Financial Times Tech ↗
Solstice Advanced Materials, the specialty materials company spun off from Honeywell last October, agreed to buy Element Solutions in a cash-and-stock deal worth about $14.5 billion, creating an advanced materials group with a combined enterprise value of roughly $29 billion positioned deeper in the supply chain behind AI chips and data centers. Element shareholders will receive $10 in cash plus half a Solstice share for each share held, an implied value of $50.10 per share and a premium of nearly 15%, with the deal expected to close in the first half of 2027. Solstice shares fell nearly 13% on the announcement while Element slipped 2.1%.
07
Financial Times Tech ↗
Masayoshi Son has put SoftBank at the center of the global AI boom, with cumulative commitments to OpenAI expected to reach roughly $64.6 billion for a stake of about 13%, making SoftBank the ChatGPT maker's second-largest external shareholder behind Microsoft. His AI push also spans chip companies Arm, Graphcore, and Ampere Computing, a $2 billion stake in Intel, and the self-driving startup Wayve. Some SoftBank insiders and investors worry that the veteran dealmaker now has too much control and too much of the company's future riding on a single bet.
08
CNBC Technology ↗
Even Realities, a Shenzhen smart-glasses startup founded by former Apple engineer Will Wang, raised $150 million in a pre-Series B round led by Meituan and Tencent, reaching a $1 billion valuation as it takes on Meta in AI wearables. Unlike Meta's camera-equipped Ray-Ban line, its flagship G2 glasses carry no camera or recording hardware, instead delivering messages, navigation, and live translation through a heads-up display embedded in the lenses as a privacy-first pitch. More than half of its users are in the US, and the global smart glasses category surged 167% year over year in the first quarter to 2.25 million units shipped, with Meta holding nearly 70% market share.
09
TechCrunch AI ↗
Station F, the Paris startup hub founded by French billionaire Xavier Niel, is launching the second batch of its F/ai accelerator in September after its first cohort of 20 AI startups collectively raised $34 million in pre-seed funding. The program pushes early-stage companies to reach 1 million euros in revenue within six months, and 80% of first-batch founders were repeat entrepreneurs. Partners for the new cohort include Anthropic, OpenAI, Google, Microsoft, and Mistral AI, with new additions such as Eleven Labs, Nebius, and GitHub.
10
Business Insider Tech ↗
Elon Musk has completed xAI's rebrand to SpaceXAI, unveiling a new logo that embeds the xAI letters inside the SpaceX identity and retiring the old xAI account on X in favor of a new SpaceXAI handle. The change closes the loop on SpaceX's February acquisition of xAI, the largest private merger in history at a $1.25 trillion valuation. Musk has said the combined company will focus on orbital data centers, and SpaceX has filed to launch up to one million satellites designed to serve as AI compute nodes in low Earth orbit.