CyberTechMag

Bloomberg : Sources detail the rise and fall of Builder.ai, as founder Sachin Duggal's alleged financial transgressions fueled the first big bust of the generative AI era   —  Sachin Dev Duggal helped Builder.ai reach a $1.5 billion valuation.  Then its board ousted him amid allegations of inflated revenue and the startup filed for bankruptcy. from Techmeme https://ift.tt/PSqbnL1 via IFTTT

New York Times : A look at Big Tech's AI talent wars with massive compensation packages; sources: Meta told potential hires they would be allotted 30K GPUs for their AI research   —  Over the summer, Matt Deitke got a phone call from Mark Zuckerberg, Meta's chief executive.  —  Mr. Zuckerberg wanted Mr. Deitke … from Techmeme https://ift.tt/zPZ8Hlt via IFTTT

Michael Kan / PCMag : Mark Zuckerberg says “We'll need to be rigorous about mitigating” new risks posed by superintelligence and “careful about what we choose to open source”   —  Meta's CEO says developing superintelligent AI is ‘now in sight.’ But it won't be open source like Llama … from Techmeme https://ift.tt/TpwrH20 via IFTTT

Abner Li / 9to5Google : Google plans to roll out ML-powered age estimation in the US over the next few weeks to detect whether users are under 18 and then enable existing protections   —  In the US, Google is beginning to use an age estimation model to detect whether Account users are under or over 18. from Techmeme https://ift.tt/e79uick via IFTTT

Stephen Council / SFGATE : Wag, the pet care tech company once valued at ~$650M following a $300M investment from SoftBank Vision Fund in 2018, has filed for bankruptcy   —  The pet care company Wag, as of Monday, was valued at less than $6 million  —  During the 2010s' boom in on-demand services such as Uber and DoorDash … from Techmeme https://ift.tt/HKhzAdb via IFTTT

Mark Gurman / Bloomberg : Sources: Apple loses a fourth AI researcher in a month to Meta's superintelligence team; the AFM team is in flux and Apple has marginally increased their pay   —  Apple Inc. has lost its fourth AI researcher in a month to Meta Platforms Inc., marking the latest setback to the iPhone maker's artificial intelligence efforts. from Techmeme https://ift.tt/UDphlOy via IFTTT

Karen Freifeld / Reuters : Cadence Design agrees to plead guilty and pay more than $140M to resolve US charges for selling its chip design products to a Chinese military university   —  Cadence Design (CDNS.O) agreed to plead guilty and pay more than $140 million to resolve U.S. charges for selling its chip design products … from Techmeme https://ift.tt/ThP6njf via IFTTT

Bloomberg : EssilorLuxottica says sales of Ray-Ban Meta more than tripled year-over-year in the first half of 2025, and it expects “a very fast ramp-up” of Oakley Meta   —  EssilorLuxottica SA posted better-than-expected revenue in the second quarter, as the world's biggest eyewear maker showed strong gains … from Techmeme https://ift.tt/hN6ArIa via IFTTT

Caiwei Chen / MIT Technology Review : Faculty and students on Chinese campuses are enthusiastically embracing AI, and the level of public excitement for AI in China is far greater vs. the US and UK   —  Just two years ago, Lorraine He, now a 24-year-old law student, was told to avoid using AI for her assignments. from Techmeme https://ift.tt/Y9gLifj via IFTTT

Bloomberg : Samsung announces a $16.5B deal to produce chips that runs through the end of 2033 and boosts its underperforming foundry unit; source: Tesla is the customer   —  Samsung Electronics Co. will produce semiconductors for Tesla Inc. in a new $16.5 billion pact that gives a boost for its underperforming foundry division. from Techmeme https://ift.tt/V8EIFn6 via IFTTT

Hani Richter / Reuters : AI tools like ChatGPT are helping neurodivergent individuals navigate social encounters with real-time guidance, though some experts warn of overreliance   —  AI tools like ChatGPT are helping neurodivergent users communicate more clearly and confidently — though some experts warn that overreliance could come at a cost. from Techmeme https://ift.tt/dv9tGUV via IFTTT

Sharon Goldman / Fortune : AIUC, which offers enterprises insurance policies and audits for AI agents, emerges from stealth with a $15M seed led by Nat Friedman at NFDG   —  Today, the Artificial Intelligence Underwriting Company (AIUC) is emerging from stealth with a $15 million seed round led by Nat Friedman at NFDG … from Techmeme https://ift.tt/BeZgcj1 via IFTTT

Cate Lawrence / Tech.eu : Berlin-based Buena, which is building AI-powered software to automate property management tasks, raised $58M, including a Series A led by GV   —  Buena has acquired 20+ firms since 2023, with triple-digit growth and a product-first approach targeting 30,000 under-digitised players. from Techmeme https://ift.tt/SC8mOnL via IFTTT

David Cendon Garcia / EU-Startups : Germany-based Makersite, which helps clients like Microsoft improve product sustainability during the design process, raised a €60M Series B   —  Stuttgart-based Makersite has secured €60 million in Series B funding to enhance its customer offering and scale both its technology … from Techmeme https://ift.tt/sCJZD06 via IFTTT

Ellie Wolfe / The Baltimore Banner : The Johns Hopkins University Press will license its authors' books to train AI models, citing concerns that “the window may be closing” for making AI deals   —  The Johns Hopkins University will license its books to train proprietary large language models, an advanced form … from Techmeme https://ift.tt/kceSz7T via IFTTT

Emily Birnbaum / Bloomberg : A look at the tensions between Meta, Apple, and Google on whether apps or app stores should check if a user is a minor, as states work on age verification bills   —  Tell us how AI is shaping your news experience.  Share your feedback  —  The biggest tech companies are warring … from Techmeme https://ift.tt/YZHIoxh via IFTTT

Bloomberg : Sources: KKR is in talks to buy ST Telemedia Global Data Centres in a deal that could value the Asian digital infrastructure provider at more than $5B   —  KKR & Co. is in talks to buy ST Telemedia Global Data Centres in a deal that could value the Asian digital infrastructure provider … from Techmeme https://ift.tt/7oSpftk via IFTTT

Bloomberg : Sources: Microsoft is investigating whether a leak in its early alert system for cybersecurity companies let Chinese hackers exploit SharePoint flaws   —  Microsoft Corp. is investigating whether a leak from its early alert system for cybersecurity companies allowed Chinese hackers to exploit flaws … from Techmeme https://ift.tt/dme9x5I via IFTTT

David Shepardson / Reuters : The NHTSA closes its 14-month investigation into a series of minor collisions and unexpected behavior from Waymo vehicles, and won't take further action   —  The National Highway Traffic Safety Administration said Friday it has closed a 14-month investigation into a series of minor collisions … from Techmeme https://ift.tt/bJGODpT via IFTTT

Kyt Dotson / SiliconANGLE : Trunk Tools, which provides AI services to organize construction documentation, raised a $40M Series B led by Insight, bringing its total funding to $70M   —  Trunk Tools Inc., an artificial intelligence-powered platform for construction teams, today announced it has raised $40 million … from Techmeme https://ift.tt/nzVoIf3 via IFTTT

Most Americans encounter the Federal Trade Commission only if they’ve been scammed: It handles identity theft, fraud, and stolen data. During the Biden administration, the agency went after AI companies for scamming customers with deceptive advertising or harming people by selling irresponsible technologies. With yesterday’s announcement of President Trump’s AI Action Plan, that era may now be over.  In the final months of the Biden administration under chair Lina Khan, the FTC levied a series of high-profile fines and actions against AI companies for overhyping their technology and bending the truth—or in some cases making claims that were entirely false. It found that the security giant Evolv lied about the accuracy of its AI-powered security checkpoints, which are used in stadiums and schools but failed to catch a seven-inch knife that was ultimately used to stab a student. It went after the facial recognition company Intellivision, saying the company made unfounded claims ...

Sarah Perez / TechCrunch : Google launches Web Guide, an AI-powered Search Labs experiment that organizes Google Search results by grouping pages related to specific aspects of the query   —  Google on Thursday is launching a new AI-powered feature called Web Guide for organizing Google Search results. from Techmeme https://ift.tt/KFcwjPA via IFTTT

Financial Times : The Trump administration plans to vet AI models for “ideological bias” and limit government contracts to tech companies whose models offer “objective truth”   —  Federal government will only do business with tech companies whose models offer ‘objective truth’ from Techmeme https://ift.tt/79efFcr via IFTTT

Google DeepMind : Google DeepMind unveils Aeneas, an AI model for contextualizing ancient Latin inscriptions, to help historians interpret and restore fragmentary texts   —  Introducing the first model for contextualizing ancient inscriptions, designed to help historians better interpret, attribute and restore fragmentary texts. from Techmeme https://ift.tt/oPiGEWs via IFTTT

Lauren Goode / Wired : Source: OpenAI's $40B round announced in March is reopening on July 28; SoftBank's commitment could be cut to $10B if OpenAI does not restructure by end of 2025   —  OpenAI, which recently announced a $40 billion round of financing, is seeking funding from new and existing investors to fulfill the deal. from Techmeme https://ift.tt/q5famv7 via IFTTT

Daniel Kuhn / The Block : Poseidon, an AI-focused decentralized data layer built on the Story protocol, raised a $15M seed led by a16z   —  - Venture firm Andreessen Horowitz has invested in Poseidon, a full-stack decentralized data layer built on the IP-focused Story protocol.  — The startup closed … from Techmeme https://ift.tt/5KM2AWD via IFTTT