Techmeme.com

"Meta launches Muse Image in Meta AI, Instagram, and WhatsApp."

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Tomorrow's events:  RAISE Summit
top news
Meta launches Muse Image in Meta AI, Instagram, and WhatsApp, and previews Muse Video, the first media generation models from its Superintelligence Labs (Meta)
Sources: China met with Alibaba, ByteDance, Z.ai, and others to discuss potentially limiting foreign access to advanced AI models, penalties for AI theft, more (Fanny Potkin / Reuters)
Anthropic expands Claude Cowork to web and mobile in beta for Max plan subscribers, and says 90%+ of Cowork usage is unrelated to software development (David Gewirtz / ZDNET)
OpenAI, Anthropic, and other top AI labs are offering startups token credits, promotions, and one-time bonuses as they battle for lasting streams of B2B revenue (Wall Street Journal)
Sources: DeepSeek is at an early stage of developing its own AI chip designed for inference, in a push that could reduce its reliance on Nvidia and Huawei chips (Reuters)
Sources: Microsoft, looking to reduce AI costs, is starting to replace models from OpenAI and Anthropic with its MAI models in products like Excel and Outlook (Brody Ford / Bloomberg)
Google announces a Pixel event on August 12 in NYC, where it is expected to launch Pixel 11 series of phones and Pixel Watch 5 (Abner Li / 9to5Google)
Samsung announces a Galaxy Unpacked event on July 22 in London, where it is expected to debut new foldables, including a Fold 8 with a shorter and wider design (Chris Welch / Bloomberg)
Sources: Amazon is looking to raise at least $25B from a US dollar bond sale to fund its AI infrastructure investments; the size could increase based on demand (Bloomberg)
UN Secretary-General António Guterres calls for autonomous “killer robots” to be “banned by international law”, a central issue in the US DOD-Anthropic clash (Sam Schechner / Wall Street Journal)
more news
Court filing: Meta says four US states seek $1.4T over claims it designed Facebook and Instagram to addict youth and misled the public; its market cap is ~$1.5T (Diana Novak Jones / Reuters)
UK-based AI infrastructure startup Nscale secures a $900M line of credit to expand its data center buildout across Europe, the US, and Asia-Pacific (Mauro Orru / Wall Street Journal)
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)
Netflix signs deals with Penske Media, Condé Nast, Hearst, People, and other publishers to carry a range of programming from 2 to 20+ minutes, starting August 3 (William Earl / Variety)
Google launches “platform properties” in the Google Search Console, letting creators and website owners see which search terms lead to their social platforms (Jay Peters / The Verge)
Study: 50 test accounts created in Australia across nine platforms were never asked to verify their age, despite the Australian law mandating a ban on under-16s (Byron Kaye / Reuters)
Solos unveils the AirGo A6 camera-less smart glasses, cutting the weight to 19g from the AirGo A5's 36g to 40g, and V2 privacy accessories like a clip-on shield (Andrew Liszewski / The Verge)
WiseTech co-founder Richard White steps down as chair amid a police investigation over claims he exploited a woman's immigration status for sex; WTC jumps 5%+ (Peter Vercoe / Bloomberg)
A profile of Rachel Whetstone, who has led comms for Google, Meta, Uber, Netflix, and now Sierra, as her husband Steve Hilton runs for governor of California (Emily Shugerman / The San Francisco Standard)
A profile of Bernadette Meehan, a US diplomat who became Wikimedia Foundation's CEO in January, as Wikipedia faces threats from MAGA, AI, and foreign autocrats (Tiffany Hsu / New York Times)
Sources detail Xbox's big reset after its Game Pass strategy failed; Xbox spent nearly $80B on content deals, but gamers prefer to stick with a handful of games (Cecilia D'Anastasio / Bloomberg)
Apple supplier Luxshare raised ~$3.1B in its Hong Kong IPO, selling 383.5M shares at ~$8 each, the top of its marketed range, and will start trading on Thursday (Bloomberg)

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