• As the AI industry recruits high-profile academics, research that was once conducted in the open is increasingly getting locked behind closed doors (The Atlantic)
• A profile of Peter Beck, the New Zealand billionaire whose Rocket Lab is pushing to compete with the satellite internet ambitions of Elon Musk and Jeff Bezos (Nic Fildes/Financial Times)
• Sources: OpenAI models breached Hugging Face's internal systems in a matter of hours, a feat that would typically have taken a talented hacker a couple of weeks (Bloomberg)
• The debate over Moonshot AI founder Yang Zhilin's departure from the US misses a larger structural reality: China has built a homegrown AI talent pipeline (Zijing Wu/Financial Times)
• Sources: Shanghai-listed chip test instruments maker Semight, whose stock is up ~2,200% since its April debut, is considering a secondary listing in Hong Kong (Bloomberg)
• Francisco Partners' co-founder Dipanjan Deb says "AI will not kill the software industry" as the tech-focused PE firm raised $21B, exceeding its $18B target (Antoine Gara/Financial Times)
• Sources detail how Commerce Secretary Howard Lutnick and crypto adviser Bo Hines worked to shape the GENIUS Act and loosen safeguards to benefit Tether (Bloomberg)
• A study of 11,989 Polymarket users finds 61% placed fewer than 100 trades over a six-week period, with 58% making or losing less than $100 during that period (Kaitlyn Radde/Pew Research Center)
• US GAO study: Amazon workers on federal aid tripled from February 2020 to September 2025; ride-hailing and delivery apps topped employers with workers on aid (Washington Post)
• Meta's infrastructure teams have become bloated, leading to poor decisions like troubled Rivos acquisition, loss of supplier trust due to hardware pivots, more (SemiAnalysis)
• Tesla reports a negative Q2 free cash flow of $1.1B, its first in over two years, partly due to increased AI and robotic investments, amid diminishing profits (Reuters)
• Google reports Q2 free cash flow at negative $5.9B amid increased AI spending, marking its first cash burn since going public decades ago (Ryan McMorrow/Financial Times)
• Sources: OpenAI staff were "freaked out" when GPT-Sol 5.6 breached Hugging Face, as OpenAI used more aggressive training methods to compete with Anthropic (Financial Times)
• The Little Tech Association, a new group of ~200 companies across the startup community, including Y Combinator, urges Trump not to ban Chinese open-weight AI (Sophia Cai/Politico)
• Movement Labs, a layer-2 Ethereum blockchain developer, files for Chapter 11 bankruptcy after a period of upheaval that included a token scandal and Binance ban (CoinDesk)
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• The Army Is Burning Through Its AI Tokens
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| • A SpaceX Falcon 9 rocket is expected to crash into the moon this August
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• US outlines its $5 billion Genesis Mission to boost science with AI
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• OpenAI sued over ChatGPT health advice that almost killed a pastor
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