American microblogging platform owned by SpaceXAI
SpaceX has floated on Nasdaq under the ticker SPCX, raising about $75 billion at $135 a share and debuting with a market value above $2 trillion. The newly public group combines SpaceX's rocket and Starlink businesses with xAI and X. Investors have driven strong demand despite losses and questions about unproven projects such as orbital data centres and Mars plans.
Universities are racing to add AI majors and minors, with 74 AI majors and 89 minors now offered in American campuses and more programs planned this year. The rush reflects the technology’s influence on the economy, but details vary by school. Demand and career outcomes remain uncertain as programs accelerate.
The UK faces a surge in AI-generated deepfake content impersonating public figures, linked to online scams and misleading ads. Officials urge vigilance as regulators consider mandatory labeling.
Regulator Ofcom has accelerated crisis-response measures to curb illegal content online during UK crises. Platforms must deploy crisis protocols, dedicated law-enforcement channels, and post-crisis reviews as part of updated safety codes, following incidents including 2024 riots and the Southport murders.
A wave of recent reporting shows graduates face a shifting labor market as AI reshapes entry-level work. Universities strike deals with AI firms while students push back against discussions of automation. Experts urge focusing on skill-building and AI literacy to navigate the coming changes.
SpaceX has completed the largest IPO in history, raising $75 billion and listing on Nasdaq under ticker SPCX. Shares opened at $150, climbed as high as $176 and closed the first day around $160–166 in extended trading, briefly valuing the company above $2.1 trillion and making Elon Musk the world's first likely trillionaire.
SpaceX has priced the largest IPO in history at $135 per share, raising about $75 billion and valuing the company around $1.75 trillion. The debut has sparked a debate on whether the stock can sustain momentum, while Musk’s broader empire—SpaceX, Starlink, xAI—gains attention as investors weigh the long-term profitability and strategic moves.
SpaceX has gone public in the largest IPO in history, pushing Elon Musk toward trillionaire status as the company outlines ambitious plans—from data centers in space to lunar bases—while investors weigh the feasibility and risks amid a sprawling empire.
Fraud losses reached a record $15.9 billion in 2025, up 27% from 2024, with high-dollar imposter scams driving most of the damage. Imposters posing as banks and government officials lead the most costly cases, while AI tools are making scams harder to detect. Authorities urge caution and verification.
The Milwaukee Bucks have completed a blockbuster trade that sends Giannis Antetokounmpo to the Miami Heat for a package including Tyler Herro, Jaime Jaquez Jr., Kel’El Ware and Kasparas Jakucionis along with multiple draft picks and Bobby Portis. The move ends a lengthy saga and reshapes the Eastern Conference in ways that position Miami as a clear title contender.
Federal student‑loan regulations have changed this week under the One Big Beautiful Bill and court rulings. The Education Department has rolled out new repayment plans, temporary interest‑rate cuts for autopay enrollees, and lifetime borrowing caps for graduate and professional students, while a federal judge has paused the department's narrowed definition of "professional degree," temporarily preserving wider borrowing access for many advanced‑health and other programs. Notices are going out to millions of borrowers who must pick new plans.
The SAVE income-driven repayment plan has ended and servicers have begun notifying roughly 7–7.5 million borrowers that they have 90 days from their notice to choose a replacement. New Department of Education rules that took effect on July 1 have created a Repayment Assistance Plan and a Tiered Standard plan, tightened graduate and Parent PLUS borrowing caps, and added a temporary autopay interest discount.
Labor deputy leader pushes for election-specific duties on major platforms to counter misinformation and foreign interference. She wants a digital code of practice and framework during elections, with the Electoral Commission collaborating with Ofcom and platforms. Critics say the move aims to protect democracy by ensuring informed choices amid opaque algorithms. The issue comes as ministers flagged concerns over platform responsibility.
The USMNT was reduced to ten after a questionable red card for Balogun, triggering wide-ranging criticism from players and pundits amid a World Cup knockout stage push. The incident shapes preparations for the Round of 16 as fans rally behind the team’s performance so far.
Culture Secretary Lisa Nandy has announced that the Department for Culture, Media and Sport will leave Elon Musk’s platform X, joining the Attorney General’s Office in suspending official posts. The move comes amid scrutiny of X’s handling of misinformation, racist content and online safety, with Ofcom investigations and past government actions raising pressure as violence and protests linked to recent incidents unfold.
Thinking Machines has released Inkling, a foundation model designed for customization by enterprises. It draws on large-scale pretraining but is optimized to run with lower compute, offering a tunable balance of cost and performance and open-weight accessibility for fine-tuning on private data.
Several days of crypto-driven turmoil surrounding Donald Trump’s World Liberty Financial ventures have left nearly 1 million investors in the red, wiping out about $3.8 billion by the end of June. The president’s disclosed $636 million crypto payout in 2025 underscores the scale of the meme-coin saga and its fallout for ordinary buyers.
The film Citizen Vigilante, linked to Uwe Boll and Armie Hammer, has been posted for free by Elon Musk on X, prompting complaints that the platform amplified anti-Muslim content. UK Muslim groups urge Ofcom to assess compliance with the Online Safety Act as questions grow over X’s moderation and the safety of users.
India’s Ministry of Electronics and Information Technology has given Meta seven days to report on action taken after a BBC Eye investigation found Instagram ran paid ads promoting child sexual abuse material in India, linking to Telegram channels. Meta says it has a zero-tolerance policy and is improving defenses.
The latest updates show a widening gap between President Trump’s crypto push and investor outcomes. Strategy has sold Bitcoin, the Trump-backed memecoin plummets from its peak, and Trump Accounts are live but unclear in impact. Regulators and markets are reacting as billion-dollar losses mount for ordinary buyers.
Northwestern University researchers find that TikTok’s recommendation engine responds to negative feedback but gradually reverts if users repeatedly flag content; a finding based on cloned accounts and controlled signals shows the “not interested” button reduces unwanted content by about 84%, but the effect fades with brief re-engagement.
The government has proposed ending the affordable housing quotas for new developments of 10 to 49 homes to jumpstart housebuilding. The National Housing Federation warns this could cost up to 32,000 affordable homes over 10 years, hitting rural England hardest. Ministers say the aim is to simplify the process and speed up housing delivery.
A Bengaluru- and San Francisco-based startup, Aina, has announced a $5.5 million round led by Redstart Labs and 360 ONE to develop context-aware AI interfaces. Its first product, Dune, is a macro keypad that controls mic and camera, with two other devices—Radiance and Shift—testing new ways to automate workflows. The funding signals growing investor interest in AI hardware that pairs with software agents.
A wave of updates across major platforms aims to curb content theft, boost creator earnings, and foster communities. TechCrunch reports on X’s Grok AI updates and the company’s move to reclaim earnings from stolen content, while independent coverage notes subtle changes to X’s feed algorithm aimed at surfacing mutuals and interests. Threads also touts new community-building tweaks in response to rival moves.
British judges have ordered a full inquest into Jools Sweeney's 2022 death after fresh social media evidence was identified, overturning a 23-minute original inquiry that did not examine digital life. The ruling also prompts wider questions about how platforms preserve data for coroners and may influence new legal standards.
The political landscape remains deeply divided as parties press their bets ahead of the 2026 midterms. Democrats emphasize affordability and candidate momentum while Republicans highlight concerns about messaging and a changing economy. Trump’s address and congressional responses shape the campaign climate.
Hamas has elected Khalil al-Hayya as head of its political bureau, succeeding Yahya Sinwar who was killed in 2024. The vote follows a wartime leadership transition and reflects tensions between Gaza-based leadership and diaspora factions, with al-Hayya seen as aligned with Tehran and a continuing hardline stance.
Yope has closed a $12.3 million seed round led by Northzone and is launching an AI-native social platform centered on private micro-communities. The app emphasizes privacy, no advertising, and a subscription model while offering AI-powered mini-games and real-world meetups.
Democrats have launched an affordability-focused campaign as 100 days remain before the midterms. Jeffries vows to cut living costs, emphasize healthcare, and crack down on price gouging while Democrats seek to regain a House majority amid concerns about Iran and economic pressures.
Xbox reports an outage lasting about 20 hours, affecting sign-ins and game launches. CTO Scott Van Vliet apologises and says a licensing service failure caused entitlement checks to fail. Microsoft will harden dependencies and roll out a fix to prevent future disruptions, amid renewed worries about a digital-only future in gaming.
The Tate brothers have been detained in a U.S. federal facility while prosecutors seek their extradition to the United Kingdom to face dozens of charges including rape and sex trafficking. A detention hearing has been scheduled for August 13 as the US and UK pursue the case across multiple jurisdictions.
Universal has taken takedown steps after a leaked version of Christopher Nolan’s The Odyssey circulated on X, with firms vowing to protect IP. The leak has not dented the film’s worldwide haul, which has surpassed $640m in two weekends and is positioned for a billion globally.
A federal judge has denied xAI's emergency request to block Minnesota's law banning AI-generated non-consensual nude images, allowing the statute to take effect while xAI's wider constitutional challenge continues. xAI has argued the law is overbroad, exposes platforms to $500,000 fines per image and lacks a safe harbour; Minnesota officials have pledged to defend the statute.
X Money has launched for US Premium and Premium+ subscribers, offering 6% APY on deposits and 3% cashback. Real-time transfers within X and an X-branded Visa card are available, but several markets lack money transmitter licenses and transfers face limitations, prompting questions about adoption as the broader payments ecosystem evolves.
The Bank of England has kept Bank Rate at 3.75% in a split MPC vote as rising energy prices linked to Middle East tensions threaten inflation. Six members vote to hold, three call for a hike to 4%. Inflation is expected to rise later this year before easing toward the target.
The 9th U.S. Circuit Court of Appeals has ruled that Meta and TikTok cannot appeal early on Section 230 immunity claims, allowing multiple lawsuits over addictive design and youth safety to proceed. Trials for state AG actions and other plaintiffs remain scheduled, with bellwether cases moving forward.
Amanda Knox’s Edinburgh Fringe show Cartwheel has drawn renewed attention and protest after Stephanie Kercher criticised it as normalising violence against women. Knox defends the piece as a personal, motherhood-focused account of surviving wrongful imprisonment. Fringe organisers emphasise freedom of expression, while petitions call for cancellation.
SpaceX shares have fallen about 50% from their June peak as insiders gain new selling rights, ahead of several lockup expirations. Analysts expect a Q2 loss around $1.9 billion as the Starship program, Starlink revenue, and a possible Musk-Tesla tie‑up remain in focus.
DiCaprio and Bezos have launched the Phoenix Species Project, pledging $200 million to recover critically endangered species across 30 countries. The initiative has drawn swift criticism from critics who accuse the effort of greenwashing, while supporters point to the potential gains for threatened fauna and indigenous communities.
The Welsh-language version of Star Wars: A New Hope has been announced for Christmas Day release on S4C, featuring a cast of Welsh actors and produced with Lucasfilm and Disney. The project marks a milestone for Welsh-language media, aligning with Wales' cultural sectors and 50th-anniversary celebrations.
The USS Abraham Lincoln has been deployed since November and has spent more than 250 consecutive days at sea supporting operations related to the war with Iran. Families and lawmakers have reported shortages, plumbing and laundry failures, and worsening mental health; the Navy and Defense Secretary Pete Hegseth have called those reports misrepresented while a replacement carrier is en route.
Jackie has died after illness while under care at the Ojai Raptor Center. Her nest cam drew global attention for years, highlighting wildlife recovery and the work of conservation groups. Merchandising tied to her story is raising questions over fundraising and where donations go.
The Department of Justice has asked the Supreme Court to pause a federal appeals court order that would stop above‑ground construction of President Trump's 90,000 sq ft White House ballroom unless Congress authorises it. The appeals court upheld a lower‑court injunction and stayed its order for 14 days; the administration argues the project includes vital security features and is 65% complete.
Brazil’s ANPD has ordered Discord to suspend its Go Live and similar livestream features within three days until it implements safeguards for minors. The move follows the death of a 13-year-old in a Discord livestream and marks renewed regulatory scrutiny of tech platforms’ handling of minors and live content.