UK-based AI infrastructure startup Nscale secures a $900M line of credit to expand its data center buildout across Europe, the US, and the Asia Pacific (Mauro Orru/Wall Street Journal)

UK-based AI infrastructure startup Nscale secures a $900M line of credit to expand its data center buildout across Europe, the U…

Munich-based nuclear fusion startup Proxima Fusion raised €411M led by trading firm XTX and UK-based East X at a €2.4B valuation, with participation from Google (Bloomberg)

Munich-based nuclear fusion startup Proxima Fusion raised €411M led by trading firm XTX and UK-based East X at a €2.4B valuation…

Counterpoint: China smartphone sales fell 13% YoY during the 618 shopping festival as brands raised prices to offset memory costs; Honor fell 33% and Xiaomi 24% (Reuters)

Counterpoint: China smartphone sales fell 13% YoY during the 618 shopping festival as brands raised prices to offset memory cost…

A draft report from the US Treasury Department is set to warn about the risks of the AI market, likening some key aspects to the dotcom crash in the early 2000s (Eric Katz/NOTUS)

A draft report from the US Treasury Department is set to warn about the risks of the AI market, likening some key aspects to the…

Claude Opus 4.8 and Sonnet 5 seem worse at tool calls than older models, likely due to post-training that assumes Claude Code-like harnesses as targets (Armin Ronacher/Armin Ronacher's Thoughts and Writings)

Claude Opus 4.8 and Sonnet 5 seem worse at tool calls than older models, likely due to post-training that assumes Claude Code-li…

ByteDance's Doubao and Alibaba's Qwen will disable humanlike and user-created agents before July 15, as China's anthropomorphic AI interaction rules take effect (Wency Chen/South China Morning Post)

ByteDance's Doubao and Alibaba's Qwen will disable humanlike and user-created agents before July 15, as China's anth…

Data centers offer US a chance to get ahead in the next key technologies and to build domestic supply chains based on demand rather than subsidies and tariffs (Josh Zoffer/Financial Times)

Data centers offer US a chance to get ahead in the next key technologies and to build domestic supply chains based on demand rat…

Chainalysis: addresses linked to Iran, Russia, North Korea, and other US-sanctioned entities received $100B+ in crypto last year, almost 8x the amount in 2024 (Patricia Kowsmann/Wall Street Journal)

Chainalysis: addresses linked to Iran, Russia, North Korea, and other US-sanctioned entities received $100B+ in crypto last year…

Analysis: ~1M $TRUMP retail buyers lost a combined $3.81B, while ~500K mostly-early wallets captured $4B in gains, a textbook memecoin wealth transfer (New York Times)

Analysis: ~1M $TRUMP retail buyers lost a combined $3.81B, while ~500K mostly-early wallets captured $4B in gains, a textbook me…

A look at the troubled rollout of the EU's automated biometric entry/exit border system, as airport operators warn of severe delays ahead of the summer holidays (Financial Times)

A look at the troubled rollout of the EU's automated biometric entry/exit border system, as airport operators warn of severe…

How ByteDance is making Hollywood inroads with its Seedance video generator, thanks to low pricing, striking realism, and features like timeline-based prompting (Nilesh Christopher/Los Angeles Times)

How ByteDance is making Hollywood inroads with its Seedance video generator, thanks to low pricing, striking realism, and featur…