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Windsurf CEO Jeff Wang on what happened after co-founders Varun Mohan and Douglas Chen left for Google, and how Cognition's deal to acquire Windsurf unfolded (Jeff Wang/@jeffwsurf)
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How AI is reshaping higher education, as institutions grapple with the pace of change and technology companies move quickly to offer custom learning products (Financial Times)
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Google researchers say Android's early-warning system detected and issued alerts for 1,200+ earthquakes since 2021, sometimes giving up to 15-60 seconds' notice (Kasha Patel/Washington Post)
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Acquihire deals like Google's Windsurf deal are a wake-up call for AI startup employees left behind, creating new uncertainty over leadership and compensation (Shirin Ghaffary/Bloomberg)
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Reliance Retail launches Ajio Rush, a four-hour fashion delivery service live in six Indian cities, to take on Myntra and other fashion quick commerce startups (The Economic Times)
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Sources: at least six of China's biggest VC firms are targeting a combined $2B in new USD-denominated funds to allow overseas investment in Chinese startups (Bloomberg)
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Sources: Vy Capital, which has ~$15B of AUM and is a top backer of Elon Musk's companies, told external investors that it will not raise further outside money (Ivan Levingston/Financial Times)
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The European Commission accepts Corning's offer to end exclusivity terms in its supply contracts, ending an antitrust investigation opened in November 2024 (Samuel Stolton/Bloomberg)
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Sources: Mark Zuckerberg has offered 10+ OpenAI researchers packages of $300M over four years, and asked OpenAI's Mark Chen if he would consider joining Meta (Wall Street Journal)
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Microsoft says it will no longer use China-based engineers to provide technical support to the US military, after a ProPublica report raised security concerns (Stephen Nellis/Reuters)
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Sources: Prosus offered to cut its 27% Delivery Hero stake to below 10% and give up its board seat to address EU concerns over its €4.1B Just Eat Takeaway deal (Foo Yun Chee/Reuters)
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Peter Thiel-backed crypto exchange Bullish files for an IPO, plans to trade on the NYSE, and reports a net loss of ~$349M on digital asset sales of $80M in Q1 (Bloomberg)
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Source: Blackstone has withdrawn from the consortium led by Susquehanna and General Atlantic seeking to invest in TikTok US, after considering a minority stake (Reuters)
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Ring reinstated its mission to "make neighborhoods safer" and reintroduced video sharing with police in April, as its founder led an overhaul since his return (Eugene Kim/Business Insider)
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S&P Global says Block will join the S&P 500 on July 23, after announcing Monday that ad tech firm The Trade Desk will also be added; XYZ jumps 9%+ after hours (Ari Levy/CNBC)
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Source: the CEO and the chief people officer of Astronomer were put on leave after a video of them cuddling on a kiss cam at a Coldplay concert went viral (Eleanor Hawkins/Axios)
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Adobe updates its Firefly video model and adds a beta Generate Sound Effects tool that can create custom sounds from text prompts and the user's voice (Sabrina Ortiz/ZDNET)
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Sources: Cursor maker Anysphere acquired Koala, an AI-powered CRM startup that raised a $15M Series A five months ago; Koala plans to shut down in September (Maxwell Zeff/TechCrunch)
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Clothing inventory monetization startup CaaStle's ex-CEO Christine Hunsicker is charged with defrauding investors of more than $300M over the past six years (Larry Neumeister/Associated Press)
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President Trump signs the GENIUS Act, and says the first federal bill to regulate stablecoins will "secure the dollar's status as the world's reserve currency" (Bloomberg)
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