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TechnologyBBC Tech ·

Trump adviser accuses China's Moonshot AI of stealing from Anthropic

A Trump administration technology adviser has alleged that Chinese AI firm Moonshot AI stole intellectual property from US-based Anthropic. The claim adds to growing tensions between the US and China in the artificial intelligence sector. Chinese AI companies are currently facing heightened scrutiny from the US government. The accusation has not been independently verified, and neither Moonshot AI nor Anthropic has publicly confirmed the details of the alleged theft.

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TechnologyThe Verge ·

Lego Unveils Functional Donkey Kong Arcade Machine Set, Approved by Miyamoto

Lego has launched a new Donkey Kong arcade cabinet set designed by Carl Merriam, known for previous Nintendo-themed builds like the Game Boy and Piranha Plant sets. The set features a basic playable game with a working joystick, drawing comparisons to Lego's earlier functional pinball machine. In the game, the Jumpman character — the precursor to Mario — cannot reach the top on his own, staying true to a simplified arcade experience. Mario creator Shigeru Miyamoto has reportedly expressed approval of the set.

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TechnologyTechCrunch ·

IBM CEO: AI Budget Pressures Caused Mainframe Sales Slump, Not Structural Decline

IBM's stock fell sharply last week following warnings of weak mainframe sales in a disappointing quarterly performance. CEO attributed the slowdown to corporations diverting hardware budgets toward artificial intelligence investments. IBM leadership insisted the mainframe decline is temporary rather than a sign of fading demand for the technology. The company expressed confidence that mainframe sales would recover once corporate AI spending stabilizes.

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TechnologyNYT Technology ·

Senate Crypto Bill Stalls Over Debate on Presidential Crypto Sales Ban

The Clarity Act, a significant piece of cryptocurrency legislation backed by the crypto industry, is advancing toward a Senate vote. However, the bill has become entangled in partisan disagreement between Democrats and Republicans. A central point of contention is whether the legislation should include a provision barring the president from selling or profiting from cryptocurrency. Negotiations between the two parties are ongoing as lawmakers work to resolve their differences before a floor vote.

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TechnologyBBC Tech ·

Google faces soaring costs as AI investment spending climbs sharply

Google is experiencing rapidly increasing expenditure driven by its heavy investment in artificial intelligence. The tech giant has disclosed plans to spend up to $190 billion on AI-related investments. This figure reflects the enormous financial commitment major technology companies are making to develop and deploy AI infrastructure. The spiralling costs highlight the intense financial pressure on firms racing to lead in the AI sector.

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TechnologyThe Verge ·

Meta escapes second social media addiction trial after plaintiff drops case

A 15-year-old Florida plaintiff, identified as R.K.C., dropped a lawsuit against Meta less than a week before the trial was scheduled to begin in Los Angeles. The case was intended to serve as the second bellwether trial testing legal arguments that social media companies harmed teenagers through addictive platform features. Prior to withdrawing the Meta suit, R.K.C. had already reached undisclosed settlements with TikTok, Snap, and YouTube over similar claims. The plaintiff's representatives cited the successful outcome of the broader litigation and concerns about enduring a lengthy trial as reasons for the decision.

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TechnologyTechCrunch ·

Google Cloud Growth Justifies Massive AI Investment, Drives Record Profits

Google has reported record profits, with its cloud division emerging as a key driver of financial performance. The growth is largely attributed to businesses increasingly adopting Google's AI tools and infrastructure services. This surge in enterprise demand has helped validate the company's substantial spending on artificial intelligence development. The strong cloud results demonstrate that Google's heavy AI investments are beginning to generate significant commercial returns.

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TechnologyArs Technica ·

Tesla Posts Slim Q2 2026 Profit as Rising Costs Offset Sales Growth

Tesla reported a profitable second quarter of 2026, though margins were narrow. The company saw an increase in vehicle sales during the period, providing a revenue boost. However, rising operational costs and higher spending levels ate into those gains significantly. The combination of increased expenditure and sales growth left the automaker with only a modest profit for the quarter.

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TechnologyTechCrunch ·

Treasury warns of sanctions on Chinese AI firms over alleged Anthropic model theft

Treasury Secretary Scott Bessent has threatened potential U.S. sanctions against Chinese AI companies following accusations from White House officials. The allegations center on Moonshot AI, a Chinese firm accused of distilling Anthropic's Fable model to build its own AI system, Kimi K3. Distillation involves training a smaller model using outputs from a more powerful one, which can raise intellectual property concerns. The accusation marks an escalation in U.S.-China tensions over AI development and the alleged misappropriation of American AI technology.

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TechnologyTechCrunch ·

Tesla revenue up 26% but rising costs and production delays weigh on finances

Tesla reported a 26% increase in revenue but struggled to offset surging operating expenses and capital expenditures. The company is facing delays in the production timelines for several major upcoming products, including the Cybercab, Semi, and Megapack. Higher spending is tied to Tesla's push to bring a new generation of vehicles and energy products to market. The cost increases have outpaced revenue growth, putting pressure on the company's overall financial performance.

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TechnologyNYT Technology ·

Alphabet Profit Soars to $120 Billion as AI and Cloud Drive Growth

Alphabet, the parent company of Google, has reported a quadrupling of its annual profit to nearly $120 billion. The surge was largely driven by the company's significant investments in artificial intelligence. Growth was recorded across multiple business segments, with cloud computing emerging as a particularly strong performer. The results signal that Alphabet's heavy spending on AI infrastructure is beginning to yield substantial financial returns.

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TechnologyTechCrunch ·

Plaintiff drops social media addiction lawsuit against Meta before trial

A high-profile social media addiction lawsuit against Meta has been voluntarily dismissed by the plaintiff. The case had been scheduled to go to trial the following week, making its sudden withdrawal notable. The plaintiff chose to drop all claims against the company without proceeding to court. As a result of the dismissal, no major tech company now faces an imminent trial in connection with this case.

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TechnologyArs Technica ·

Microsoft extends original Xbox backward compatibility to Windows PCs

Microsoft has introduced original Xbox backward compatibility support for Windows PCs, allowing players to run classic Xbox titles on their computers. The feature initially launches with four compatible games available to play. Notably, the system requirements are modest, with users needing only an 11-year-old graphics card to run the supported titles. This move expands Microsoft's backward compatibility program beyond its Xbox consoles to the PC platform. The initiative allows more players to access classic Xbox library titles without requiring original hardware.

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TechnologyThe Verge ·

Tesla Q2 2026 Revenue Rebounds with 25% Rise in Vehicle Sales

Tesla reported its second-quarter 2026 earnings, showing a significant recovery after two years of declining demand and falling sales. The company delivered 480,126 vehicles in the quarter, a roughly 25% increase compared to the same period in 2025. The results follow a strong delivery report and signal continued momentum for the electric vehicle maker. Tesla's brand had previously faced headwinds partly attributed to CEO Elon Musk's political activities. Despite Musk's stated ambitions to pivot Tesla toward AI and robotics, the company continues to derive its core business from automobile sales.

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TechnologyArs Technica ·

FCC Drops Requirement for ISPs to Disclose All Fees to Consumers

The Federal Communications Commission has ended the rule requiring internet service providers to fully disclose all fees they charge customers. The regulation had mandated transparent fee listings, aimed at helping consumers understand the true cost of their internet service. ISPs had lobbied against the requirement, arguing that compliance was overly burdensome. The FCC sided with the industry, rolling back the consumer-facing transparency measure.

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TechnologyTechCrunch ·

SoundCloud acquires Nina Protocol months after decentralized music startup shut down

SoundCloud has acquired Nina Protocol, a decentralized music platform that had previously announced its shutdown. The deal transfers Nina's roster of artists, its editorial archive, and music discovery tools to SoundCloud. The acquisition reflects SoundCloud's continued effort to strengthen its offerings for independent musicians. Financial terms of the deal were not disclosed.

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TechnologyThe Verge ·

Apple iPads See Discounts After Recent Price Hikes

Several Apple iPad models are currently on sale at Amazon and Best Buy following price increases last month. The 13-inch iPad Pro M5 with 512GB storage is discounted by up to $150, bringing it down to $1,549 on Amazon. The 11-inch iPad Air M3 with 1TB storage and optional 5G is marked down by $500 to $749 at Best Buy. Other deals include $10 off a four-pack of second-generation Apple AirTags at Amazon and a $100 discount on refurbished Sony PlayStation 5 Slim consoles sold directly by Sony.

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TechnologyThe Verge ·

iOS 27 beta code reveals Apple may restrict app access on missed iPhone payments

Code discovered in an iOS 27 beta suggests Apple is developing a 'Restricted Mode' that could limit app access on iPhones with missed financing payments, according to 9to5Mac. In this mode, users would lose access to most apps, retaining only essentials like the Phone app, Settings, and the App Store. The feature relies on a new 'App Managed Features' system that allows financing apps to continuously verify whether a device's payments are up to date. This finding follows a Bloomberg report earlier this week indicating that Apple is planning to launch a new financing program called 'Apple Upgrade' for leasing iPhones.

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