• University of Toronto researchers claim to have developed a "worm" powered by open source AI that exploits known flaws and tailors attacks for each computer (Cade Metz/New York Times)
• Sensor Tower: ChatGPT has become the fastest app to hit 1B global MAUs by far; ChatGPT's MAUs are up 62% YoY in Q2 to date, Claude's MAUs are up 640% YoY to 56M (Harshita Mary Varghese/Reuters)
• Source: SpaceX plans to raise $75B in its IPO by selling 555.6M shares at $135 each, an unusual move since most companies set a price range before the roadshow (Echo Wang/Reuters)
• Source: Google asked Google Play app devs to join a "confidential content offer pilot", offering to pay for access to codebases to use them to train AI tools (Jason Koebler/404 Media)
• Google selling $10B of equity to Berkshire is fascinating and functions as a signal that AI demand is high, in a world where the most cash buys the most compute (Ben Thompson/Stratechery)
• Bitcoin fell as much as 7% over 24 hours to below $67K on Tuesday for the first time since April, following Strategy's first BTC sale since 2022; MSTR fell 9% (Bloomberg)
• Oxford Quantum Circuits, a UK-based startup building and deploying quantum computers, has raised a $350M Series C led by Bullhound Capital (Daphné Leprince-Ringuet/Sifted)
• Sources: a Broadcom-backed portion of Apollo and Blackstone's $36B debt deal to buy TPUs for Anthropic to lease may yield ~5.75% vs. 8%-9% for a riskier portion (Bloomberg)
• The US sanctions Nobitex, Iran's largest crypto exchange, accusing it of helping Iran's government and blacklisted state institutions evade Western sanctions (Gavin Finch/Reuters)
• Palo Alto Networks reports Q3 revenue up 31% YoY to $3B, including $388M from CyberArk and Chronosphere, vs. $2.94B est., and forecasts Q4 revenue above est. (Samantha Subin/CNBC)
• Meta is testing a Series feature, letting select creators make episodic Reels that are placed in a dedicated hub on their profile, using both old and new Reels (Aisha Malik/TechCrunch)
• Source: a CoreWeave-tied data center raised $900M via five-year junk bonds, priced at par to yield 7.5%, as the sector increasingly turns to high-yield bonds (Gowri Gurumurthy/Bloomberg)
• Marvell shares closed up 32.52% on Tuesday after Jensen Huang hailed the chipmaker as the "next trillion-dollar company" at Computex (Sawdah Bhaimiya/CNBC)
• Microsoft releases ASSERT, an open-source framework that lets developers generate and run AI behavior tests using natural-language descriptions (Ram Iyer/TechCrunch)
• Internal memo: Meta is scaling back elements of its employee tracking tool, launched in April to help train its AI models, after staff raised concerns (Jyoti Mann/The Information)
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