π Uber questions AI spending amid rising costs
Uber's COO said heavy AI spending is hard to justify as token consumption grows without clear consumer benefits. The company used its annual AI budget in just 4 months.
Nvidia's VP noted their compute costs now exceed employee expenses, showing AI is becoming more expensive than human labor.
βοΈ @venture
Uber's COO said heavy AI spending is hard to justify as token consumption grows without clear consumer benefits. The company used its annual AI budget in just 4 months.
Nvidia's VP noted their compute costs now exceed employee expenses, showing AI is becoming more expensive than human labor.
βοΈ @venture
π€ Anthropic nears $1T valuation after $65B raise
Anthropic closed a $65 billion Series H round, raising its valuation to $965 billion from $380 billion months ago.
It reported an annual recurring revenue of $47 billion, surpassing peers including OpenAI, valued at $852 billion.
βοΈ @venture
Anthropic closed a $65 billion Series H round, raising its valuation to $965 billion from $380 billion months ago.
It reported an annual recurring revenue of $47 billion, surpassing peers including OpenAI, valued at $852 billion.
βοΈ @venture
π« China is restricting overseas travel for top AI engineers
China has started limiting foreign travel for AI researchers and engineers working at private companies like Alibaba and DeepSeek, according to Bloomberg.
People involved in advanced AI work now reportedly need government approval before leaving the country. The restrictions target specialists considered strategically important for Chinaβs AI race with the US.
The move shows how seriously Beijing now treats AI talent and research. Engineers are increasingly being viewed less like employees and more like critical infrastructure.
The global AI race is starting to look closer to semiconductor policy than normal tech hiring.
βοΈ @venture
China has started limiting foreign travel for AI researchers and engineers working at private companies like Alibaba and DeepSeek, according to Bloomberg.
People involved in advanced AI work now reportedly need government approval before leaving the country. The restrictions target specialists considered strategically important for Chinaβs AI race with the US.
The move shows how seriously Beijing now treats AI talent and research. Engineers are increasingly being viewed less like employees and more like critical infrastructure.
The global AI race is starting to look closer to semiconductor policy than normal tech hiring.
βοΈ @venture
βοΈ AI is pushing more people to sue without lawyers
MIT and USC researchers analyzed 4.5M federal cases and 46M PACER records to study how generative AI is changing US courts.
For almost 20 years, only ~11% of federal cases were filed without attorneys. In 2025, that jumped to 16.8%.
The increase is strongest in paperwork-heavy cases. AI helps people draft complaints, handle legal formatting, and navigate filings without paying a lawyer.
Courts are already seeing the effect. These cases are not resolved faster, but they generate far more activity inside the system. In the first 180 days, court filings and procedural records in self-represented cases rose 158% versus the pre-AI period.
Researchers also found AI-written complaints rising fast: from ~1% in 2023 to 18% by early 2026.
βοΈ @thestartupsvc
MIT and USC researchers analyzed 4.5M federal cases and 46M PACER records to study how generative AI is changing US courts.
For almost 20 years, only ~11% of federal cases were filed without attorneys. In 2025, that jumped to 16.8%.
The increase is strongest in paperwork-heavy cases. AI helps people draft complaints, handle legal formatting, and navigate filings without paying a lawyer.
Courts are already seeing the effect. These cases are not resolved faster, but they generate far more activity inside the system. In the first 180 days, court filings and procedural records in self-represented cases rose 158% versus the pre-AI period.
Researchers also found AI-written complaints rising fast: from ~1% in 2023 to 18% by early 2026.
βοΈ @thestartupsvc
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βWhen people start telling you youβre crazy, you just might be on to the most important innovation in your life.β
~ Larry Ellison
βοΈ @venture
~ Larry Ellison
βοΈ @venture
π Google engineer allegedly made $1.2M using insider information on Polymarket
The US Department of Justice charged Google engineer Michele Spagnolo with making $1.2 million from prediction market bets using non-public company information.
According to prosecutors, Spagnolo used advance knowledge of Googleβs annual Year in Search rankings to place bets on Polymarket before the results were published. He reportedly wagered more than $2.7 million in total.
Google said the information came from internal marketing materials that were widely accessible to employees, but using it for betting was prohibited.
βοΈ news.nzoko.com
The US Department of Justice charged Google engineer Michele Spagnolo with making $1.2 million from prediction market bets using non-public company information.
According to prosecutors, Spagnolo used advance knowledge of Googleβs annual Year in Search rankings to place bets on Polymarket before the results were published. He reportedly wagered more than $2.7 million in total.
Google said the information came from internal marketing materials that were widely accessible to employees, but using it for betting was prohibited.
βοΈ news.nzoko.com
π€ Anthropic sued over subscription limits
A US user named Carl Khan filed a lawsuit accusing Anthropic of misleading customers by lowering subscription limits. He claims the advertised limits for premium plans Max 5x and Max 20x are far from reality.
For example, the Max 20x plan reportedly offers only about 6Γ the limits of the Pro subscription, not the promised 20Γ. Khan wants to make the lawsuit class-action, covering all users who bought these plans since April 2025.
π@tech
A US user named Carl Khan filed a lawsuit accusing Anthropic of misleading customers by lowering subscription limits. He claims the advertised limits for premium plans Max 5x and Max 20x are far from reality.
For example, the Max 20x plan reportedly offers only about 6Γ the limits of the Pro subscription, not the promised 20Γ. Khan wants to make the lawsuit class-action, covering all users who bought these plans since April 2025.
π@tech
π£ SpaceX to Merge with Cursor for $60B
SpaceX and Cursor signed a final merger agreement valuing Cursor at $60 billion. The deal will be done through a stock swap and aims to close in Q3.
Cursor is a coding tool with a loyal user base, unlike SpaceX's Grok, which failed to gain traction in vibe coding and had an unnoticed Grok Build release.
π@tech
SpaceX and Cursor signed a final merger agreement valuing Cursor at $60 billion. The deal will be done through a stock swap and aims to close in Q3.
Cursor is a coding tool with a loyal user base, unlike SpaceX's Grok, which failed to gain traction in vibe coding and had an unnoticed Grok Build release.
π@tech
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π MiniMax launches AI-powered creative Hub
MiniMax introduced Hub, a local workstation where AI agents handle creative tasks like research, scripting, image creation, music, and final editing. It supports multiple projects and an infinite canvas for seamless workflow.
Hub runs directly on your computer, integrating local files and apps for instant import and export. Early users before July 1 get 3000 credits, and points from Hailuo AI transfer fully to MiniMax Hub.
π@tech
MiniMax introduced Hub, a local workstation where AI agents handle creative tasks like research, scripting, image creation, music, and final editing. It supports multiple projects and an infinite canvas for seamless workflow.
Hub runs directly on your computer, integrating local files and apps for instant import and export. Early users before July 1 get 3000 credits, and points from Hailuo AI transfer fully to MiniMax Hub.
π@tech
Forwarded from Agentic AI Coding
π Free collection teaching AI coding agents senior engineering skills.
Named agent-skills. 60,800+ GitHub stars.
Integrates with Claude Code, Codex, Cursor, or Gemini CLI.
Features:
β /spec: Define requirements before coding. Always.
β /plan: Break specs into atomic tasks. No giant PRs or mystery diffs.
β /build: Implement one slice at a time. Test-driven and individually committed.
β /build auto: Generate plan and run tasks in one pass. Single approval. Autonomous execution. Pauses on failures or risky steps.
β /test: Verify code works. Tests are proof, not afterthoughts.
β /review: Enforce code health pre-merge. Real quality gate.
β /code-simplify: Rewrite for clarity. Remove cleverness.
β /ship: Run full production checklist. Speed requires no skipped steps.
Context-aware activation: Building an API triggers api-and-interface-design. Building UI triggers frontend-ui-engineering. No config needed.
100% Open Source.
Repo: https://github.com/rosnjs/agent-skills
Named agent-skills. 60,800+ GitHub stars.
Integrates with Claude Code, Codex, Cursor, or Gemini CLI.
Features:
β /spec: Define requirements before coding. Always.
β /plan: Break specs into atomic tasks. No giant PRs or mystery diffs.
β /build: Implement one slice at a time. Test-driven and individually committed.
β /build auto: Generate plan and run tasks in one pass. Single approval. Autonomous execution. Pauses on failures or risky steps.
β /test: Verify code works. Tests are proof, not afterthoughts.
β /review: Enforce code health pre-merge. Real quality gate.
β /code-simplify: Rewrite for clarity. Remove cleverness.
β /ship: Run full production checklist. Speed requires no skipped steps.
Context-aware activation: Building an API triggers api-and-interface-design. Building UI triggers frontend-ui-engineering. No config needed.
100% Open Source.
Repo: https://github.com/rosnjs/agent-skills
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π iOS 27 Spatial Reframing pushed to extremes
The new Spatial Reframing feature in iOS 27 uses AI to adjust the angle of a photo after it's taken, allowing users to slightly rotate and improve the shot's composition.
A blogger named itsjackington tested the feature to its limits, pushing the reframing far beyond typical use cases.
The results are striking and show how far the AI can manipulate images, for better or worse.
π@tech
The new Spatial Reframing feature in iOS 27 uses AI to adjust the angle of a photo after it's taken, allowing users to slightly rotate and improve the shot's composition.
A blogger named itsjackington tested the feature to its limits, pushing the reframing far beyond typical use cases.
The results are striking and show how far the AI can manipulate images, for better or worse.
π@tech
π½ SpaceX lost most IPO gains within days. Shares peaked at $225, valuing the company near $3 trillion, then fell to $150 before recovering to $162. At its peak, SpaceX surpassed Microsoft and Amazon in valuation despite lower revenue and profitability.
Comparison:
β’ Microsoft: $318B revenue, $125B profit
β’ Amazon: $743B revenue, $91B profit
β’ SpaceX: $19B revenue, -$9B profit
Only 5% of SpaceX shares are publicly traded; this float sets the valuation for the 95% held by Musk, employees, and investors. The xAI acquisition also raised debt and integration concerns.
βοΈ @technco
Comparison:
β’ Microsoft: $318B revenue, $125B profit
β’ Amazon: $743B revenue, $91B profit
β’ SpaceX: $19B revenue, -$9B profit
Only 5% of SpaceX shares are publicly traded; this float sets the valuation for the 95% held by Musk, employees, and investors. The xAI acquisition also raised debt and integration concerns.
IPOs often follow a pattern: excitement first, fundamentals later.
βοΈ @technco
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β‘οΈ AI Discovers Two New Superconductors
A team at Aalto University used machine learning to identify two previously unknown superconductors, confirmed later in lab tests at Rice University. This marks a shift from decades of manual trial and error that found about 7,000 superconductors so far.
Superconductors conduct electricity without resistance or heat loss, enabling powerful magnets for MRI machines and maglev trains. The challenge remains their need for extreme cooling, limiting practical use.
The AI approach scans billions of material candidates, speeding up discovery. The goal is to find a superconductor that works at room temperature by 2033, which would revolutionize energy and computing.
π@tech
A team at Aalto University used machine learning to identify two previously unknown superconductors, confirmed later in lab tests at Rice University. This marks a shift from decades of manual trial and error that found about 7,000 superconductors so far.
Superconductors conduct electricity without resistance or heat loss, enabling powerful magnets for MRI machines and maglev trains. The challenge remains their need for extreme cooling, limiting practical use.
The AI approach scans billions of material candidates, speeding up discovery. The goal is to find a superconductor that works at room temperature by 2033, which would revolutionize energy and computing.
π@tech
β Big Tech Drives Record $182 Billion Bond Issuance in 2026
Amazon, Alphabet, Nvidia, Meta, Oracle, and SpaceX have issued a record $182 billion in investment-grade bonds this year, a 1,300% jump from $13 billion last year.
These six firms now account for nearly 15% of total US corporate bond issuance year-to-date and over 50% of this year's market growth.
A record 7 bond deals of $25 billion+ have occurred, matching the total from 2019 to last year. Six are from these Big Tech firms, one from Salesforce.
βοΈ @venture
Amazon, Alphabet, Nvidia, Meta, Oracle, and SpaceX have issued a record $182 billion in investment-grade bonds this year, a 1,300% jump from $13 billion last year.
These six firms now account for nearly 15% of total US corporate bond issuance year-to-date and over 50% of this year's market growth.
A record 7 bond deals of $25 billion+ have occurred, matching the total from 2019 to last year. Six are from these Big Tech firms, one from Salesforce.
βοΈ @venture
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πΈ Final Trailer for Spider-Man: New Day
The final trailer for Spider-Man: New Day is out ahead of its July 31 premiere.
The film stars Tom Holland, Zendaya, Sadie Sink, Jacob Batalon, John Bernthal as Punisher, and Mark.
π @motekico
The final trailer for Spider-Man: New Day is out ahead of its July 31 premiere.
The film stars Tom Holland, Zendaya, Sadie Sink, Jacob Batalon, John Bernthal as Punisher, and Mark.
π @motekico
β Why retail investors keep underperforming
Retail portfolios are down around 12.7% this year as many investors crowded into the same high-growth stocks. When those trades reversed, losses spread across entire portfolios.
The biggest mistake wasn't picking the wrong stock. It was poor risk management. Large positions, no exit plan, and portfolios concentrated in a handful of names amplified the drawdown.
β
Simple rules can make a big difference: limit position sizes, rebalance regularly, keep cash for market selloffs, and compare your returns against the S&P 500 instead of chasing the next hot trade.
β
Long-term performance is often driven more by risk management than stock picking.
βοΈ @venture
Retail portfolios are down around 12.7% this year as many investors crowded into the same high-growth stocks. When those trades reversed, losses spread across entire portfolios.
The biggest mistake wasn't picking the wrong stock. It was poor risk management. Large positions, no exit plan, and portfolios concentrated in a handful of names amplified the drawdown.
β
Simple rules can make a big difference: limit position sizes, rebalance regularly, keep cash for market selloffs, and compare your returns against the S&P 500 instead of chasing the next hot trade.
β
Long-term performance is often driven more by risk management than stock picking.
βοΈ @venture
π Reformation is pitching its $1 billion IPO from a bubble bath
Most companies use charts and financial forecasts to sell their IPO. Reformation took a different approach. Its executives explained the business in a video featuring a model relaxing in a bubble bath with a glass of champagne, a direct reference to The Big Short. The company calls its business case "sexy math."
Behind the marketing, the numbers are solid. Reformation is targeting a valuation of up to $1 billion, generated more than $500 million in revenue last year, and says nearly 70% of its direct-to-consumer sales come from returning customers.
About 80% of its products sell at full price, while its AI-powered Retail X stores generate an average order value 8.5% higher than traditional locations.
β
The IPO story isn't just about fashion. It's about proving that loyal customers, pricing power, and technology can justify a premium valuation even as profits come under pressure.
βοΈ @venture
Most companies use charts and financial forecasts to sell their IPO. Reformation took a different approach. Its executives explained the business in a video featuring a model relaxing in a bubble bath with a glass of champagne, a direct reference to The Big Short. The company calls its business case "sexy math."
Behind the marketing, the numbers are solid. Reformation is targeting a valuation of up to $1 billion, generated more than $500 million in revenue last year, and says nearly 70% of its direct-to-consumer sales come from returning customers.
About 80% of its products sell at full price, while its AI-powered Retail X stores generate an average order value 8.5% higher than traditional locations.
β
The IPO story isn't just about fashion. It's about proving that loyal customers, pricing power, and technology can justify a premium valuation even as profits come under pressure.
βοΈ @venture