The Brutalist Report - tech
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- No new articles in the Past 6 Hours.
- No new articles in the Past 6 Hours.
- Sources: OpenAI staff were "freaked out" when GPT-Sol 5.6 breached Hugging Face, as OpenAI used more aggressive training methods to compete with Anthropic (Financial Times) [3d]
- The Little Tech Association, a new group of ~200 companies across the startup community, including Y Combinator, urges Trump not to ban Chinese open-weight AI (Sophia Cai/Politico) [3d]
- Movement Labs, a layer-2 Ethereum blockchain developer, files for Chapter 11 bankruptcy after a period of upheaval that included a token scandal and Binance ban (CoinDesk) [3d]
- Google projects full-year capex will be $195B to $205B in 2026, after saying in April that it will spend as much as $190B; its Q2 capex hit $44.92B, up 100% YoY (Julia Love/Bloomberg) [3d]
- Google says its cloud computing unit had a $514B backlog of contracted work that hasn't been recorded as revenue yet, up from ~$460B held during Q1 (Julia Love/Bloomberg) [3d]
- ServiceNow reports Q2 subscription revenue up 24.5% YoY to $3.88B, increases full year subscription revenue growth estimate to 23%; NOW jumps 4%+ after hours (Brody Ford/Bloomberg) [3d]
- The SEC agrees to pay $150,000 in legal fees to end Coinbase's 2024 lawsuit seeking internal docs on the regulator's Biden-era crackdown on the crypto industry (Nicola M White/Bloomberg) [3d]
- Google says Gemini now has 950M MAUs, up from 900M in May and 750M in February (Emma Roth/The Verge) [3d]
- IBM reports Q2 revenue up 1% YoY to $17.2B, vs. $17.6B est., infrastructure revenue down 7% to $3.8B, Z mainframe revenue down 42%, and lowers its 2026 forecast (Jordan Novet/CNBC) [3d]
- Reddit's stock closed down 8.32% after a report that the company was considering ending Google's access to its content for AI training; RDDT is down ~27% YTD (CJ Haddad/CNBC) [3d]
- Alphabet reports YouTube's Q2 ad revenue rose 13% YoY to $11.06B, vs. $10.8B est., and Google's ad revenue reached $81.63B, up from $71.34B in Q2 2025 (Todd Spangler/Variety) [3d]
- Alphabet reports Q2 revenue up 24% YoY to $119.8B, above $116.9B est., Google Cloud revenue up 82% YoY to $24.8B, and Services revenues up 15% to $94.5B (Alphabet) [3d]
- OpenAI President Greg Brockman says Kimi K3 is a "pretty good model" but it is "too early" to tell whether Moonshot used distillation on OpenAI's models (Shirin Ghaffary/Bloomberg) [3d]
- Source: Stripe revenue jumped by a third to $6.8B in 2025, its fastest revenue growth since 2021, with free cash flow up 52% to $3.2B (Yueqi Yang/The Information) [3d]
- Travis Kalanick's robotics startup Atoms raised $1.7B led by a16z, with Uber and others participating; Ben Horowitz will join the startup's board (Sean O'Kane/TechCrunch) [3d]
- A Florida teenager drops his lawsuit accusing Meta of creating harmful social media features, following settlements with co-defendants TikTok, Snap, and YouTube (New York Times) [3d]
- Yope, a social network that has ~15M registered users for its "micro communities" and no algorithms, ads, or public content, raised $12.3M seed led by Northzone (Sarah Perez/TechCrunch) [3d]
- Sources: Cathedral, launched by ex-DOGE staffers to use AI to expand US military cyber capabilities, raised $160M led by a16z and Sequoia at a $1.4B valuation (David Jeans/Reuters) [3d]
- No new articles in the Past 6 Hours.
- No new articles in the Past 6 Hours.
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