Microsoft joins AI cost-cutting trend by relying more on its own models

Microsoft is the latest Silicon Valley giant to cut back on its AI spending.

Google’s Pixel event is set for August 12

Google’s upcoming event in August will introduce new Pixel devices.

Figma acquires team behind a vibe-coding app

The Y Combinator-backed company started a vibe-coding platform and later built an agent-creation product.

Chemistry Ventures is raising $500M for its second fund

Chemistry Ventures, the VC firm launched by Bessemer, Index Ventures, and Andreessen Horowitz alums, is raising $500M for its second fund.

Melinda Gates’ venture firm backs Magnify Ventures’ $46.6M Fund II

Early-stage firm Magnify Ventures has raised a $46.6 million Fund II from LPs, including Melinda French Gates’ Pivotal Ventures.

Tesla saw a massive sales jump in the second quarter

The company delivered more than 480,000 EVs globally, seemingly thanks to geographic expansion and cheaper versions of the Model 3, Model Y, and Cybertruck.

Russian hackers were behind $2.5 billion hack of Jaguar Land Rover: Report

The hack on car giant Jaguar Land Rover last year was one the most disrupting, damaging, and costly hacks of the last few years.

Polymarket says hackers stole users’ funds

The prediction market giant Polymarket said it’s refunding users who had funds stolen due to a third-party breach.

Notion Mail shuts down amid agent takeover

The company said it is discontinuing its email inbox in favor of its AI agent offering as users are increasingly handing over the reins of their email to the agents.

Trump admin bars Polestar from selling its new EVs in the US

The Department of Commerce declined to give the Chinese-owned automaker a special authorization to keep selling EVs in the U.S.