• Binance affiliates are suing RedotPay's founders for allegedly diverting 470K+ users to a competing product in a "fraudulent scheme", claiming $472.8M in losses (Bloomberg)
• Salesforce appoints Miguel Milano, its chief revenue officer, as COO; Chief Operating and Financial Officer Robin Washington will keep her title (Jordan Novet/CNBC)
• Nikita Bier says he will step back from leading product for X and continue as an adviser (Nikita Bier/@nikitabier)
• eBay reports Q2 revenue up 15% YoY to $3.13B, vs. $3.02B est., GMV up 15% to $22.4B, and forecasts Q3 revenue above estimates (Reuters)
• Etsy says it will cut ~220 employees, or ~12% of its workforce, mostly in product and engineering, and reports Q2 revenue up 6% YoY to $668.3M, vs. $649.1M est. (Annie Palmer/CNBC)
• Meta is offering a cheaper Muse Spark 1.2 "contributor" tier priced at $0.10/1M input and $0.20/1M output tokens in exchange for using user prompts for training (Wall Street Journal)
• Filing: Microsoft recorded $24.1B in revenue from OpenAI during the year ended in June, suggesting OpenAI accounted for more than half of Microsoft's AI sales (Bloomberg)
• Meta releases Muse Code in beta, a terminal coding agent powered by Muse Spark 1.2, a coding-focused model priced at $1.25/1M input and $4.25/1M output tokens (Jonathan Vanian/CNBC)
• Source: Yunfeng Capital, a PE firm co-founded by Jack Ma, invested ~$30M in AI insurance tech startup Corgi; Corgi CEO says the firm "did not invest in us" (Business Insider)
• Mysk: Apple's Private Relay tool can leak users' IP addresses due to issues in Apple's WebKit browser engine, also affecting OnionBrowser, a Tor browser for iOS (Joseph Cox/404 Media)
• Reddit expands its test of Rules Hub, a suite of tools that rely on LLMs to help moderators manage their communities, and plans a full launch later this year (Jay Peters/The Verge)
• Hark, founded by Figure AI CEO Brett Adcock, previews Handoff, a computer use agent it says outperforms GPT-5.4 and Opus 4.8, and plans for a summer release (Ivan Mehta/TechCrunch)
• Google says Chief AI Architect and Google DeepMind CTO Koray Kavukcuoglu will lead Google DeepMind as SVP, reporting to Sundar Pichai (Bloomberg)
• Discovery Loop, co-founded by Jeff Dean, is backed by seed funding from Radical Ventures, Khosla Ventures, and others; Google also has a stake in the company (Cade Metz/New York Times)
• Jeff Dean and three other Google execs are leaving to launch Discovery Loop, which will seek AI-powered breakthroughs in drug discovery, chip design, and more (Steven Levy/Wired)
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