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DeepSeek’s Liang Wenfeng overtakes Amodei and Brockman as AI’s richest founder

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Liang Wenfeng is now the wealthiest founder in artificial intelligence, according to the Bloomberg Billionaires Index, which revalued his stake in DeepSeek on 13 July and added roughly $19bn to his fortune overnight. His net worth is put at about $36bn, up from around $16.7bn, placing him above Anthropic co-founder Dario Amodei and OpenAI president […]

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Thomson Reuters is cutting engineers and hiring AI-native ones

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The meeting was a technology all-hands, held on Monday, and the phrase the company used afterwards was “a small number of roles”. The number an employee who attended gave to Reuters was up to 500. Thomson Reuters, the Canadian content and technology group that owns Reuters News, is cutting engineering jobs globally as it pushes […]

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Nvidia builds a white list: more than half of its Asian customers are off it

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Nvidia has more than halved the number of customers in Asia cleared to buy its artificial intelligence chips, according to the Financial Times, which cited three people with knowledge of the matter. The company has built a new white list of approved regional buyers and stepped up due diligence in Singapore, Malaysia, and Japan, the […]

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Twelve states are suing to stop the Paramount-Warner deal that Washington already waved through

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A dozen states have sued to block Paramount Skydance’s takeover of Warner Bros. Discovery. The suit, led by California attorney general Rob Bonta, was filed in federal court in California’s Northern District, CNBC reports. The timing is pointed. The Justice Department approved the roughly $110bn deal last month without conditions or divestitures, after an eight-month review. […]

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Google’s big Waze AI update includes a button that makes the app shut up

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Google has given Waze a batch of new features, most of them powered by Gemini. The headline additions are a motorcycle mode, personalised routing, conversational map editing, and Gemini-powered destination search, The Verge reports. The most interesting one does the opposite of what you would expect. It is called less chatty mode, and it makes the […]

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EU to propose limits on children’s social media access, Ursula von der Leyen says

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The European Union will propose limits on children’s access to social media, Commission president Ursula von der Leyen said on Monday, hours after an expert panel she convened delivered its recommendations on how the bloc should shield minors from harmful content. She has been building towards this since May, when she first told MEPs a […]

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TCS bets on 8,900 AI deployment engineers to defend India’s IT services model

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Tata Consultancy Services plans to build a team of up to 8,900 forward-deployed AI engineers and is looking for acquisition targets in AI and cybersecurity, chief executive K Krithivasan said. The move is India’s largest IT firm answering the question that has hung over the sector since the arrival of agentic AI in enterprise stacks, […]

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Netflix is reportedly considering always-on channels and bundles, which is to say, cable

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Netflix executives have reportedly discussed adding always-on live channels to the service. The channels would run genre-based programming around the clock, all comedies or all action films, according to a Wall Street Journal report relayed by The Verge. They have also discussed folding rival streaming subscriptions into Netflix itself. Peacock was named specifically, appearing as a […]

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Meta spent a year being punished for its AI spending. Then it told investors how it would get the money back.

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Meta has had a miserable year on the market, flat while the Nasdaq-100 climbed 18%. That changed abruptly, with the stock posting its best week since early 2024, CNBC reports. Shares rose about 6% on Friday and roughly 15% across the week. The move was not driven by advertising, the business that actually makes Meta’s money. […]

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Amazon has cut 57,000 jobs, and the people who kept theirs are not fine either

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Amazon’s cuts have reached a scale that is hard to absorb. The company has laid off more than 57,000 corporate staff since 2022, around 16% of that workforce, CNBC reports. The pace has accelerated sharply. Roughly 16,000 people went in late January, three months after more than 14,000 others, the steepest cuts in the company’s history. […]

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