Why the rise of open source AI isn’t hurting Anthropic … yet
Open source models’ success isn’t coming at the expense of frontier labs. Instead, they each seem to capture two phases of the same life cycle.
Microsoft joins AI cost-cutting trend by relying more on its own models
Microsoft is the latest Silicon Valley giant to cut back on its AI spending.
Discord admits AI moderation bug wrongfully banned users over harmless images
The company confirmed that the issue had been affecting accounts since May, with an additional 200 users banned over the weekend before its team identified and fixed the problem.
Google’s Pixel event is set for August 12
Google’s upcoming event in August will introduce new Pixel devices.
Figma acquires team behind a vibe coding app
The Y Combinator-backed company started a vibe coding platform and later built an agent creation product.
Netflix dabbles in shorter video content with its new set of publisher deals with Variety, others
Netflix is bringing 2- to 20-minute videos to its platform through new partnerships with digital publishers, including Rolling Stone and Variety.
Claude Cowork expands to mobile and web
Anthropic’s Claude Cowork is now available on web and mobile for Max subscribers. Until now, Cowork largely lived on a user’s laptop. With the update, users can start a task from their desk, get status updates on
X adds a video editor to encourage creators to post original content, not stolen reposts
X is rolling out a new video editor and recorder for iOS with multilingual captions, green screen effects, and other editing tools.
Chemistry Ventures is raising $500M for its second fund
Chemistry Ventures, the VC firm launched by Bessemer, Index Ventures, and Andreessen Horowitz alums, is raising $500M for its second fund.
AI law startup Norm raises $120M, hits unicorn valuation
AI law startup Norm has raised a $120 million Series C round led by Kholsa Ventures, valuing the startup at $1.2 billion.