A study finds that AI trading bots can collude and fix prices in simulated markets without explicit instruction, posing challenges to regulators (Lu Wang/Bloomberg)
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Top news and commentary for technology's leaders, from all around the web. This account shares top-level Techmeme headlines. Visit https://techmeme.com/ for full context.
A study finds that AI trading bots can collude and fix prices in simulated markets without explicit instruction, posing challenges to regulators (Lu Wang/Bloomberg)
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Microsoft relied on China-based engineers to maintain SharePoint "OnPrem", which was recently exploited by Chinese hackers to breach US government systems (Renee Dudley/ProPublica)
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Young Americans are increasingly turning to BNPL loans from Affirm and others, as getting approved for credit cards becomes harder in today's economic climate (Angel Au-Yeung/Wall Street Journal)
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An interview with Strava CEO Michael Martin on Athlete Intelligence, the premium AI "coach" introduced in 2024 that has alienated experienced users, and more (Haley Zimmerman/Wall Street Journal)
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Asian financial hubs are updating stablecoin regulations and companies like Ant Group plan to become issuers, driven by US' embrace of dollar-pegged stablecoins (Bloomberg)
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A look at why the AI data center building boom could spark a financial crisis akin to 2008, including the rising use of debt financing via private credit funds (Noah Smith/Noahpinion)
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A look at newsletter platform Beehiiv, which has hit $30M in ARR and fees starting at $43/month for 1,000 subscribers, unlike Substack, which takes a 10% cut (Jessica Roy/The Information)
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Hugging Face CEO ClΓ©ment Delangue says open-source AI is vital for US innovation and the US risks losing the AI race to China if it falls behind in open source (ClΓ©ment Delangue/VentureBeat)
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As a percentage of US GDP, AI datacenter capex is already larger than peak telecom spending during the dot-com era and is approaching the railroad spending boom (Paul Kedrosky)
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The US Senate confirms Sean Cairncross to serve as National Cyber Director, making him the first Senate-approved cybersecurity official of Trump's second term (David DiMolfetta/Nextgov/FCW)
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SAP plans to acquire HR software company SmartRecruiters, with the deal expected to close in Q4; SmartRecruiters was valued at $1.5B in a 2021 funding round (Christina Kyriasoglou/Bloomberg)
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Sources: Apple formed an Answers, Knowledge, and Information team to work on ChatGPT-like search experiences; iPhone 17 Pro may have been seen in live testing (Mark Gurman/Bloomberg)
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Darktrace says it plans to invest $200M in the US in 2026, up 11% YoY, as part of a push to surpass $1B in revenue and grow its US sales to 50% of its revenue (Kieran Smith/Financial Times)
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A profile of Rumble founder Chris Pavlovski, who declined an offer to become CEO of Truth Social and opted to provide services to the platform through Rumble (Emily Baker-White/Forbes)
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Internal documents and sources detail how Cambodia's Huione Group supercharged the growth of Asia's cyberscam industry into a multi-billion dollar behemoth (Kai Schultz/Bloomberg)
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Shares of Hong Kong-listed Chinese chipmaker InnoScience closed up 31% on August 1, after Nvidia named the company as a supplier for its 800V HVDC architecture (Felix Tam/Bloomberg)
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Xpheno: Meta, Amazon, Apple, Microsoft, Netflix, Google, and their affiliates grew their combined India headcount by 16% over the past year, adding 28K+ jobs (Himanshi Lohchab/The Economic Times)
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Thoma Bravo agrees to acquire a stake in Chicago-based capital markets industry SaaS provider Trading Technologies, sources say in a deal valued at over $1B (Bloomberg)
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The Marin Community Foundation sold 13.4M+ Figma shares for $440M+ in the IPO; source: the foundation had received the shares from Figma co-founder Evan Wallace (Allie Garfinkle/Fortune)
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Foxconn partners with Taiwan-based Teco for AI servers and other AI data center hardware, taking a 10% stake, while Teco gets a less than 1% stake in Foxconn (Debby Wu/Bloomberg)
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Arkham Intelligence claims to have uncovered a previously undisclosed heist of 127,426 BTC, now worth ~$14.5B, from Chinese mining pool LuBian in December 2020 (Zack Abrams/The Block)
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Cinven acquires a majority stake in Smart Communications from Accel-KKR; sources: the deal values the customer conversations platform at ~$1.8B including debt (Bloomberg)
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A profile of Robinhood CEO Vlad Tenev, whose personal fortune has surged 6x over the past year to $6.1B, as the company leans into tokenized stock derivatives (Nina Bambysheva/Forbes)
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An in-depth look at the rise of relationships between humans and AI companion chatbots on apps like Nomi, coinciding with a loneliness epidemic in the US (Salvador Rodriguez/CNBC)
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Lina Khan cites Figma IPO as vindication of M&A scrutiny, saying letting startups grow independently, rather than be acquired, can generate "enormous value" (Anthony Ha/TechCrunch)
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Sources: the researcher who declined Zuckerberg's offer of a $1.5B+ package over six years is Thinking Machines co-founder and ex-Meta staffer Andrew Tulloch (Wall Street Journal)
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How Palantir has benefited since President Trump took office, securing new and expanded government contracts and becoming the S&P's top-performing stock of 2025 (Washington Post)
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How VCs are changing the way people learn about the tech industry, through a sprawling media ecosystem consisting of podcasts, newsletters, and streaming shows (Anne VanderMey/Bloomberg)
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Anthropic says OpenAI staff used Claude Code ahead of GPT-5 launch and it will continue providing API access to OpenAI for benchmarking and safety evaluations (Mayank Parmar/BleepingComputer)
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China's World AI Conference struck a stark contrast to Trump's America-first, regulation-light vision, focusing instead on global cooperation for AI safety (Wired)
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