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LSEG agrees to acquire Octus, an NY-based provider of credit intelligence, data, and workflow software, from Permira and Octus' management for $3.54B in cash (Dominic Chopping/Wall Street Journal)

Dominic Chopping / Wall Street Journal : LSEG agrees to acquire Octus, an NY-based provider of credit intelligence, data, and workflow software, from Permira and Octus' management for $3.54B in cash   —  The group said the acquisition would transform its presence in credit and private markets data  —  London Stock Exchange Group … from Techmeme https://ift.tt/dNAJcqV via IFTTT
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A look at Meta's role in Brazil's runoff, where Lula da Silva alleges Meta restricts his content and a court ordered it not to interfere; Meta cites glitches (Augusta Saraiva/Bloomberg)

Augusta Saraiva / Bloomberg : A look at Meta's role in Brazil's runoff, where Lula da Silva alleges Meta restricts his content and a court ordered it not to interfere; Meta cites glitches   —  A new villain is emerging in the closing stretch of Brazil's bitterly contested presidential election: Meta Platforms Inc. from Techmeme https://ift.tt/YDWy4mI via IFTTT
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Outside of tech there has been no financial payoff to US companies for using AI, now viewed as a margin-hurting cost center, as VC-backed firms burn more tokens (Torsten Slok/Apollo Global Management)

Torsten Slok / Apollo Global Management : Outside of tech there has been no financial payoff to US companies for using AI, now viewed as a margin-hurting cost center, as VC-backed firms burn more tokens   —  Despite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to corporate America outside of tech. from Techmeme https://ift.tt/cLKR54a via IFTTT
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Source: Replit recently moved most AI spend from Anthropic to OpenAI, which gave 30%+ off in a deal worth $100M+/year, after Anthropic discontinued its discount (The Information)

The Information : Source: Replit recently moved most AI spend from Anthropic to OpenAI, which gave 30%+ off in a deal worth $100M+/year, after Anthropic discontinued its discount   —  OpenAI's efforts to undercut Anthropic on price are producing some results.  —  For instance, in May, Anthropic models powered 57% … from Techmeme https://ift.tt/5XuDbKd via IFTTT
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Artificial Analysis says Kimi K3.1 Pro lands 4th on its Intelligence Index, behind only Opus 5.5 (max), Sonnet 5.5 (max), and Muse Wonder Full (max) (@artificialanlys)

@artificialanlys : Artificial Analysis says Kimi K3.1 Pro lands 4th on its Intelligence Index, behind only Opus 5.5 (max), Sonnet 5.5 (max), and Muse Wonder Full (max)   —  Kimi K3.1 Pro launches at 4th on the Artificial Analysis Intelligence Index scoring 55, making large gains in agentic performance; it will be the leading open-weights model once its weights are published @Kimi_Moonshot's new reasoning model gains 11 points over Kimi K3 (max, 44). It trails only Cl... from Techmeme https://ift.tt/mrkFP1A via IFTTT
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Iranian security officials say the country has detailed plans to target undersea communications cables in the Gulf if the US and Israel attack Iran again (Reuters)

Reuters : Iranian security officials say the country has detailed plans to target undersea communications cables in the Gulf if the US and Israel attack Iran again   —  Tehran has drawn up detailed plans to target undersea communications cables in the Gulf if the United States and Israel attack Iran again … from Techmeme https://ift.tt/adYLWxh via IFTTT
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Chicago-based Formic, which provides robots-as-a-service automation to manufacturers, raised $50M, including a $40M Series B and $10M in asset-backed financing (Natalie Breymeyer/Axios)

Natalie Breymeyer / Axios : Chicago-based Formic, which provides robots-as-a-service automation to manufacturers, raised $50M, including a $40M Series B and $10M in asset-backed financing   —  Formic, a physical AI commercialization platform, raised $50 million in financing, CEO Saman Farid tells Axios exclusively. from Techmeme https://ift.tt/7c0VTaX via IFTTT
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