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Netflix beats on Q2 earnings but a soft Q3 forecast sends the stock down 9%

Netflix cleared the quarter and stumbled on the outlook. The company posted second-quarter revenue of $12.56bn on Thursday, up 13% on the year, alongside earnings of $0.80 a share, a cent ahead of the $0.79 analysts had pencilled in. Then it guided the next three months lower, and the stock did the rest. Third-quarter revenue is forecast […]

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Why Apple Sued OpenAI, New York Takes on Data Centers, and What to Know about Cyclosporiasis

On today’s Uncanny Valley, we unpack OpenAI’s ongoing drama, both legal and reputational, and whether these developments could further hurt the company—particularly in its fight against Anthropic.

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Netflix says around 300 titles used generative AI

Netflix says roughly 300 titles on its platform used generative AI, most of which occurred in post-production. The streaming service revealed the news in its second-quarter earnings report released on Thursday, saying it’s “increasingly leveraging these tools to deliver higher quality output more quickly and at a lower cost.” It also provided some examples of […]

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Kalshi says it caught Trump’s teleprompter operator insider trading

Kalshi users betting on what President Donald Trump would say during his speeches were reportedly up against tough competition: the president’s teleprompter operator. ABC News reports that federal investigators believe Gabriel Perez – Trump’s teleprompter operator since 2016 – used inside information to make bets on Kalshi, a major prediction market platform that allows users […]

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29 countries sign a treaty to establish the World AI Cooperation Organization

Twenty-nine countries signed an agreement on 16 July to establish the World AI Cooperation Organization (WAICO), Reuters reported. China says the intergovernmental body aims to promote international cooperation and global governance in AI. China’s foreign minister, Wang Yi, signed on behalf of Beijing. UN Secretary-General António Guterres attended the ceremony. The founding members include Russia, […]

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SWISSto12 raised $70M, and it is that rare thing: a profitable space startup

Most space-hardware startups raise money because they are burning it. SWISSto12 raised $70m while turning a profit, an unusual thing in the satellite business. The Swiss company closed the €61m round days after ESA member states put $84.8m into its HummingSat programme, it said. That is more than $150m of fresh capital in a month. […]

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Bunkerhill Health raised $55M to put AI agents to work inside hospitals

The hard part of medical AI was never the model. It was getting a hospital to actually run it. Bunkerhill Health has raised fresh money to close that gap. The startup closed a $25m Series B led by Khosla Ventures, it told Fortune in an exclusive. That takes its total funding to $55m. Sequoia, Felicis, […]

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Microsoft is rebuilding its security business around AI, and cutting hundreds

Microsoft is the biggest seller of cybersecurity software on the planet. Now it is tearing that business up and rebuilding it around AI. The overhaul means more AI security tools, fewer traditional products, and merged engineering teams. It has already cost several hundred jobs, The Information reported. The driver is fear, and money. Companies are […]

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