The Brutalist Report

Techmeme

SAP will make it easier for customers to switch to rival service providers or end contracts, averting a possible EU antitrust fine after a September 2025 probe (Foo Yun Chee/Reuters) [2d]
SK Hynix raises $26.5B in the largest ever US market debut by a foreign company, selling 177.9M ADRs for $149 each; the sale was more than 7x oversubscribed (Bloomberg) [2d]
Fidji Simo is stepping down from her full-time role at OpenAI because her medical condition has worsened, and will become a part-time adviser (Wall Street Journal) [2d]
Mercor acquires Deeptune, which builds reinforcement learning environments for AI agents, three months after CEO Brendan Foody backed Deeptune's $43M Series A (Lily Mae Lazarus/Fortune) [2d]
Sources: Netflix executives are increasingly worried about declining engagement and are exploring adding live TV and bundling streaming services like Peacock (Wall Street Journal) [2d]
Coinbase's chief legal officer, Paul Grewal, is stepping down after six years; VP of legal Molly Abraham moves into his role with the title of general counsel (Hannah Lang/Reuters) [2d]
Federal Reserve Chair Kevin Warsh names Marc Andreessen and Xbox CEO Asha Sharma to lead a task force on the economic impact of new technologies, including AI (Andrew Ackerman/Washington Post) [2d]
Google says it will automatically add a disclosure to ads that are made with its AI advertising tools, expanding the disclosure beyond election ads to all ads (Sarah Perez/TechCrunch) [2d]
PitchBook: US venture funding hit $412.7B in H1 2026, up 30% on all of 2025, with AI startup funding accounting for 86%, or $355.9B; Q2 saw seven $1B+ rounds (Duncan Riley/SiliconANGLE) [2d]
Anthropic, set to add usage-based billing for Fable 5 on July 12, aims to return the model to Claude's subscription plans "when sufficient capacity allows" (Maxwell Zeff/Wired) [2d]
The EU Parliament advances a bill letting tech companies scan for CSAM, reviving a proposal rejected in March, with an exemption for E2EE services like WhatsApp (Sam Clark/Politico) [2d]
OpenAI is discontinuing ChatGPT Atlas, its standalone desktop browser, in favor of the new ChatGPT desktop app (Zac Hall/9to5Mac) [2d]
Sources: AI contractor marketplace Mercor is discussing raising new funds at a roughly $20B valuation, less than a year after raising money at a $10B valuation (Bloomberg) [2d]
OpenAI merges Codex and ChatGPT desktop apps for Mac and Windows under a new ChatGPT desktop app, allowing users to switch between Codex, Chat, and Work (Zac Hall/9to5Mac) [2d]