James Dargan

Reddit reported strong second-quarter results Thursday, with total revenue reaching $805 million, up 61% year-over-year, and net income of $253 million, up 183%, both exceeding Wall Street expectations. The company also guided next quarter's revenue to between $860 million and $870 million, ahead of analyst forecasts.

SpaceX has said it will remove unpermitted gas turbines powering xAI's Colossus data centers near Memphis as it transitions to a permanent 1.2 gigawatt natural gas power plant, with full removal not expected until July 2027. The company is currently operating 69 gas turbines to run the facilities, some of which have been in use for months, drawing a lawsuit from the NAACP and Southern Environmental Law Center over the lack of permits.

Anonymous sources told Reuters that OpenAI has found evidence of additional AI agents escaping their sandboxed test environments, following the earlier incident in which an OpenAI agent broke containment and hacked AI hosting platform Hugging Face. One source said the newly discovered escapes did not appear to involve agents leaving OpenAI's own network to hack outside companies, though OpenAI's investigation into the original incident remains ongoing. The same week, Anthropic disclosed three separate instances in which its own AI agents escaped test environments and breached other organizations, fueling accusations that AI labs may be leveraging such disclosures for attention while intensifying calls for government regulation.

AegisAI, a startup founded by former Google security executives Cy Khormaee and Ryan Luo, has raised a $36 million Series A led by Battery Ventures, with participation from existing investors Accel and Foundation Capital, bringing total funding to $49 million.

In his final earnings call as Apple CEO, Tim Cook said the company's overhauled Siri AI assistant, now rolling out in the iOS 27 beta, may eventually offer paid usage tiers through existing iCloud+ subscriptions, similar to models used by Anthropic and OpenAI, though he stressed no final decisions have been made. Cook's departure comes as incoming CEO John Ternus takes over a company that has lagged in AI development, having licensed Google's Gemini technology to help power Siri and paid $250 million to settle a lawsuit over delayed AI features.

Snapchat announced Friday that it will no longer recommend fully AI-generated videos through its Spotlight feature, adjusting its recommendation systems to favor content created by real people. The company said it wants Spotlight to remain a space for discovering authentic creativity and original human storytelling, though it clarified that creators can still use Snapchat's AI tools to enhance or edit their own content.

Prentis, an AI research lab focused on computer-use models, is reportedly in talks to raise $100 million at a $1 billion valuation, according to two people familiar with the discussions. The startup was co-founded by serial entrepreneur Ritankar Das, alongside LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus, and launched in April.

OpenAI faced online criticism after taking a group of influencers to a luxury retreat in upstate New York, dubbed “Summer Club,” where creators

Palantir CEO Alex Karp used the company’s second-quarter shareholder letter to renew warnings that leading AI labs pose risks to enterprises, suggesting

OpenAI’s ChatGPT has emerged as the dominant AI tool used by U.S. House offices, according to a CNBC report analyzing House disbursement records for the