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Showing posts from July, 2026

Everyone hated Friend’s AI necklace, so it came back at double the price

The AI necklace that a chunk of New York wanted gone is back, and this time it talks. Friend, the pendant that listens to your day and pipes up with commentary, has re-launched with a speaker so it can reply out loud. It also costs twice as much. The original Friend messaged you like a […] This story continues at The Next Web https://ift.tt/eBci1bC Read full article: The Next Web
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Coforge says AI is expanding its margins. Its rivals call it ‘AI deflation’

Coforge reported first quarter revenue of $592.2m on Monday. That is a rise of 33% in dollar terms over the year, and 21.1% on the previous quarter. In rupees the annual increase reads 49%. Profit after tax reached $55.6m. Those numbers land in an industry bracing to shrink. HCL Technologies has warned of “AI deflation”. […] This story continues at The Next Web https://ift.tt/K2LPFyl Read full article: The Next Web
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Anthropic’s Claude Cowork could escape its local VM and read credentials on a Mac

Security researchers at Accomplish AI demonstrated that Anthropic’s Claude Cowork could break out of its local virtual machine sandbox and read files across the underlying Mac, including SSH keys and cloud credentials. The attack, dubbed SharedRoot, exploited a Linux kernel privilege escalation vulnerability to gain root access inside the guest VM, then walked out through […] This story continues at The Next Web https://ift.tt/B1Is63k Read full article: The Next Web
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Canon registered three new cameras. One may be a digital tribute to the legendary AE-1.

Canon has registered three new cameras with wireless certification agencies, a step that typically signals imminent announcements. Rumours point to updates across Canon’s mid-range mirrorless lineup: the EOS R8 II, EOS R7 II, and EOS R10 II. All three are expected in the second half of 2026. The most interesting is the R8 II, which […] This story continues at The Next Web https://ift.tt/PcwqrWs Read full article: The Next Web
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Xbox is testing ad-supported game streaming. Amazon is folding Luna into Prime Video. Both admit cloud gaming has not worked yet.

Microsoft and Amazon announced new cloud gaming strategies on the same day, each acknowledging in different ways that the category has not reached the audience they expected. Xbox will test ad-supported game streaming, letting users in its Insider Programme stream games they already own for free with a one-hour session limit and advertising. Amazon is […] This story continues at The Next Web https://ift.tt/E5wqoCM Read full article: The Next Web
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Revolut hits $115 billion valuation as it becomes the first global fintech with an Australian banking licence

Revolut confirmed on Tuesday that a secondary share sale has valued the digital bank at $115 billion, a 53 percent jump from the $75 billion it reached in November 2025. The sale priced shares at $2,017 each, according to Bloomberg. The valuation makes Revolut the most valuable private fintech company in the world by a […] This story continues at The Next Web https://ift.tt/acJ3NeG Read full article: The Next Web
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Victoria proposes forcing social media platforms to unmask anonymous accounts accused of vilification

Victoria’s premier Jacinta Allan announced on Sunday that the state would propose laws granting the Victorian civil and administrative tribunal power to order social media and AI platforms to reveal the identities of anonymous account holders accused of online vilification. The “demasking” powers would be the first of their kind for an Australian state. Allan […] This story continues at The Next Web https://ift.tt/rVknebL Read full article: The Next Web
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AI advice made people three times less accurate but twice as confident, researchers found

Researchers from three French and Italian universities found that access to AI advice collapsed people’s willingness to say “I don’t know” from 44% to 3%. Accuracy dropped from 27% to 9%. Confidence, meanwhile, rose from 30% to 76%. “People became much worse, the accuracy was only one third, but they were twice as confident,” said […] This story continues at The Next Web https://ift.tt/r0oPzbv Read full article: The Next Web
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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. […] This story continues at The Next Web https://ift.tt/5gU2KHa Read full article: The Next Web
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Xpeng’s L03 is the first Chinese EV to put proprietary AI driving chips in a mass-market car

Xpeng debuted the L03 on Wednesday in Munich, launching its most internationally ambitious electric vehicle simultaneously across 65 markets. The coupe-SUV is built around the company’s proprietary Turing AI chips, with every trim shipping at least one and the top Ultra variant carrying three for a combined 2,250 trillion operations per second. It is the […] This story continues at The Next Web https://ift.tt/VT9QdOx Read full article: The Next Web
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Fireworks raised $1.5bn on a bet that companies will build AI, not rent it

The AI economy has run on a simple habit: rent a model from a big lab. Fireworks just raised $1.5bn to argue the opposite, that every company will build intelligence of its own. The Series D values the San Mateo startup at $17.5bn, it said. Atreides Management, Index Ventures, and TCV led the round. Nvidia, […] This story continues at The Next Web https://ift.tt/vEsc2DF Read full article: The Next Web
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Sable raised $45 million from Sequoia to build an AI that runs product demos instead of humans

Sable has raised $45 million from Sequoia Capital and 8VC to build an AI system called Aidan that runs live product demonstrations, answers customer questions in real time, and switches between languages mid-conversation. The company, which is less than a year old, calls Aidan an AI employee designed to replace not just chat support but […] This story continues at The Next Web https://ift.tt/XCB9WFe Read full article: The Next Web
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OnePlus exits the US and Europe. The memory crisis and Apple’s lawsuit made staying untenable.

OnePlus, the Android brand that built a cult following with aggressively priced smartphones, will begin to cease operations in the US and Europe as early as this week, Bloomberg reported. The shutdown is part of a broader restructuring at parent company Oppo. Realme, another Oppo mobile brand, will also exit the China market. While OnePlus […] This story continues at The Next Web https://ift.tt/9aQofrO Read full article: The Next Web
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South Korea will give all 52 million citizens free AI access, becoming the first G20 nation to do so

South Korea’s Ministry of Science and ICT opened bidding on July 13 for a free, unlimited AI chatbot and public-service agent available to all 52 million residents. The programme, called “AI for Everyone,” would make South Korea the first G20 nation to offer AI to its entire population as a public service. Two or three […] This story continues at The Next Web https://ift.tt/lEqSJGd Read full article: The Next Web
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CXMT prices a record $8.5bn Shanghai IPO, valuing China’s memory champion at $85bn

China’s biggest memory chipmaker is about to test the public markets. ChangXin Memory Technologies, known as CXMT, has priced its Shanghai IPO at 8.66 yuan ($1.28) a share, the South China Morning Post reported. The sale will raise about 57.9 billion yuan, or $8.5bn. That would make it the largest listing by a Chinese semiconductor […] This story continues at The Next Web https://ift.tt/BLXQSJk Read full article: The Next Web
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Reflection signs a $1bn AI compute deal with Nebius, its second big capacity grab in a month

Reflection AI has locked in more computing power. The US startup signed an AI compute deal worth more than $1bn with Nebius, the Amsterdam-based cloud provider, according to Bloomberg. The agreement runs through 2029. It gives Reflection access to Nvidia’s newest GB300 chips. Nebius confirmed the deal. Its shares have more than doubled this year […] This story continues at The Next Web https://ift.tt/zoFX8LD Read full article: The Next Web
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Dimon says AI already eliminated 30 to 40 percent of jobs in some JPMorgan divisions

JPMorgan Chase has cut jobs by as much as 40 percent in some parts of the bank using artificial intelligence, CEO Jamie Dimon told analysts during the company’s second-quarter earnings call on Tuesday. But investors hoping the technology will dramatically improve profit margins are likely to be disappointed. Dimon said that in a competitive market, […] This story continues at The Next Web https://ift.tt/kTIyd31 Read full article: The Next Web
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India’s Udaan secures $160 million in new funding as it races to fix its balance sheet before an IPO

Indian B2B ecommerce platform Udaan has secured $160 million in a funding round that combines fresh equity from a new investor, additional debt, and the conversion of existing convertible bonds into equity, according to Bloomberg. Lightspeed Venture Partners and M&G Investments are participating in the round. The deal is designed to clean up Udaan’s balance […] This story continues at The Next Web https://ift.tt/8Yzks4I Read full article: The Next Web
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France thinks cheap power is its AI edge. Now it must decide who plugs in

France believes its cheap, low-carbon electricity is Europe’s overlooked advantage in AI. A debate has now opened over that power. Should it go to homegrown AI firms, or to the American giants building data centres on French soil? When the head of Europe’s biggest AI lab arrived at last month’s G7 working lunch on artificial […] This story continues at The Next Web https://ift.tt/pZKIhwo Read full article: The Next Web
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Home robots already walk. 1X’s new hands try to solve the part that actually matters

Humanoid robots learned to walk years ago. The thing still tripping them up is the hand. 1X has given its NEO home robot new hands, and they are the most interesting thing about it. A robot can stride across a stage and still be useless in a kitchen. Lifting a wet glass takes precision, fast […] This story continues at The Next Web https://ift.tt/CzUeJZi Read full article: The Next Web
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Lithuania’s Oxylabs raises $130M from Warburg Pincus at a $3.6bn valuation

Oxylabs has raised $130M from private equity firm Warburg Pincus. It is the company’s first outside investment since it launched in 2015. The deal values the Vilnius-based data infrastructure firm at around $3.6bn. Oxylabs announced the raise on Thursday. The figure is striking for a firm that bootstrapped its way to the top. Oxylabs says […] This story continues at The Next Web https://ift.tt/P5fzHgo Read full article: The Next Web
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The Pentagon calls this Chinese firm a military company. Its lidar runs US robotaxis anyway

A lidar maker the Pentagon brands a Chinese military company quietly wires up America’s robotaxis, trucks, and even an airport. Nvidia is one of its partners. Hesai makes many of the sensors self-driving machines use to see. The Shanghai firm also sits on a US Department of Defense blacklist of Chinese military companies, CNBC reports. […] This story continues at The Next Web https://ift.tt/YGg50vO Read full article: The Next Web
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Pegasus hack of the EU’s own spyware investigator sparks calls for urgent action

Pressure is mounting on the European Commission to act on spyware, after forensic evidence showed one of the EU’s own spyware investigators was hacked with Pegasus. Civil society groups issued a joint statement demanding the abuse be met with accountability, “not impunity”. Citizen Lab confirmed last week that Stelios Kouloglou, a Greek former MEP, was infected in October […] This story continues at The Next Web https://ift.tt/AonS5gT Read full article: The Next Web
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Australia’s child social media ban is failing, and the Senate just delayed the fix

Australian Prime Minister Anthony Albanese on Friday condemned senators who blocked amendments to the country’s world-first social media ban for children, warning that the delay would give tech platforms time to destroy documents that could be used as evidence against them. The conservative Liberal Party and the minor Greens party referred the legislation to an eight-week Senate […] This story continues at The Next Web https://ift.tt/LxyVBXg Read full article: The Next Web
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Tesla launches the six-seat Model Y Long Wheelbase in the US at 61,990 dollars

Tesla has launched the Model Y Long Wheelbase in the United States and Puerto Rico, a stretched, six-seat version of the world’s best-selling electric vehicle that adds a third row and marks the company’s most significant Model Y expansion since its redesign earlier this year. The Launch Series starts at 61,990 dollars and includes 12 […] This story continues at The Next Web https://ift.tt/YreT5pH Read full article: The Next Web
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Lucid Motors replaces its CFO and overhauls its entire leadership team as new CEO reshapes the company

Lucid Motors said on Thursday that its chief financial officer, Taoufiq Boussaid, will be leaving the company, the latest in a series of leadership changes under new CEO Silvio Napoli. Alexander De Bock, a veteran automotive finance executive who previously served as CFO of TI Automotive, will replace Boussaid after a transition period that will […] This story continues at The Next Web https://ift.tt/ivLHVb6 Read full article: The Next Web
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Sony will stop making physical PlayStation game discs in January 2028

Sony will stop producing physical game discs for new PlayStation titles starting in January 2028, the company announced on Tuesday in a PlayStation Blog post. New games released after that date will be available only as digital downloads through the PlayStation Store. Existing disc-based games will continue to work on compatible hardware. The decision follows […] This story continues at The Next Web https://ift.tt/0bapjfZ Read full article: The Next Web
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Palantir’s ‘AI sovereignty’ manifesto is a war on how AI makes money

Palantir has a new enemy, and it is the way most of the AI industry makes money. Its nine-point manifesto tells institutions to hoard their data, own their model weights, and stop “tokenmaxxing.” It is a pitch dressed as a principle. On Tuesday, Palantir posted its “thoughts on the importance of AI sovereignty” on X. […] This story continues at The Next Web https://ift.tt/NZmoFvr Read full article: The Next Web
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X launches hosted MCP server so AI tools can plug into its API directly

X has launched a hosted Model Context Protocol server that lets AI tools like Claude, Cursor, and Grok Build connect directly to its API using a user’s own account permissions. The move eliminates the integration work developers previously had to do on their own, from building a custom MCP server to handling authentication. X joins […] This story continues at The Next Web https://ift.tt/oXI6M5P Read full article: The Next Web
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