Grayscale has filed an S-1 with the SEC for the first US Worldcoin ETF, expanding its lineup of crypto-related exchange-traded products beyond Bitcoin and Ether.
Stocks ended lower for the week as AI-driven chip stocks extended losses, with the S&P 500 down 1.6% and the Nasdaq off 2.9%. Fundstrat's Tom Lee says stocks are poised to rebound after a massive margin call and selloff in AI trade darlings.
Google is designing a server chip codenamed Frozen v2, optimized for its Gemini AI models and slated for release in 2028. The chip could deliver six to ten times better performance per watt than Google's current AI silicon, measured by tokens generated per unit of power. Google did not directly confirm the report.
Bristol Myers Squibb is deploying NVIDIA's Vera Rubin systems, giving the drugmaker what it calls the most powerful AI computing infrastructure in life sciences to speed drug discovery.
U.S. District Judge Araceli Martínez-Olguín ordered Paramount Skydance to pause its acquisition of Warner Bros. Discovery through August 3 after several states argued the merger would harm competition. The judge said the states made a "strong showing" that the merger would decrease competition.
A federal judge gave final approval to Anthropic's $1.5 billion settlement of a class action copyright lawsuit. The payout delivers $3,000 per work across an estimated 500,000 works to authors and publishers. Judge William Alsup had ruled that training AI on copyrighted text counts as fair use, but found Anthropic's use of pirate sites illegal.
David Sacks warned the U.S. could lose the AI race after a Chinese model's breakout. The warning highlights growing competition from Chinese AI models, which have demonstrated rapid advances and could challenge U.S. leadership in artificial intelligence development.
Apple released iOS 27 beta 4 (build 23G71) for developers, adding a new Automatic Downloads toggle in the Apple TV app and a Zoom Photos to Fill toggle in Photos. The update introduces Siri AI, powered by Apple Intelligence and new Foundation Models, with on-screen awareness and deeper app actions. Siri AI requires newer Apple Intelligence-compatible hardware.
Investors continue funding AI drug discovery startups despite a lack of approved drugs from the approach. The gap between AI-driven development and regulatory approval has not deterred venture capital. Companies like Recursion Pharmaceuticals and Insilico Medicine have raised significant rounds.
China is considering stricter export controls on AI models and chips. The potential restrictions target advanced semiconductor technologies and artificial intelligence software. The move signals escalating technology trade tensions between global powers.
The EU's digital chief warned that artificial intelligence is becoming a geopolitical weapon. The statement highlights growing concerns over AI's strategic use in international power dynamics and security.
The US has revived a push to ban Chinese AI models, with OpenAI also urging the US to ban open-weight models. The policy test now targets open weight AI models, while the Chinese AI model Kimi divides Trump advisors on the issue.
Google Photos has rolled out a toggle that lets users switch between classic search and the AI-powered Ask Photos experience. The toggle appears at the top of search results for users who have Ask Photos enabled, and can also appear for those who haven't opted in, leading them to the onboarding flow. The feature is rolling out on Android and iOS.
Samsung is expected to launch the Galaxy Z Fold 8 at a Galaxy Unpacked event this week. Leaked images show the wide foldable in Graphite, Cream, and Lavender colorways. The device is tipped to have a 16:10 aspect ratio when closed and a 4:3 aspect ratio when opened.
Water UK stated the government's AI growth plans are fatally flawed because water forecasts exclude datacentres. Datacentres in England use 6.6m litres of drinking water daily, which could triple to 19.8m litres by 2030. New growth in water-stressed southern and eastern England may be impossible without policy change.
Summaries by ByteBrief