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Bending Spoons has made its first acquisition since going public last month at an $18 billion valuation, agreeing to buy spreadsheet and database startup Airtable for $1.28 billion in cash. Airtable joins a growing portfolio of notable brands owned by the Italian app developer, including Evernote, WeTransfer, EventBrite, and Vimeo. TechCrunch reports: Founded in 2013, Airtable has so far raised more than $1.4 billion over multiple funding rounds. At its peak, during the boom days of 2021, it was valued at over $11 billion, but earlier this year, its shares were said to be trading on the secondary markets at a valuation of $4 billion. With its current net cash-and-cash-equivalents balance, Airtable is now valued at about $2.25 billion, Bending Spoons said. "Airtable is a pioneering brand reshaping how teams organize data and manage critical workflows. The value being delivered is reflected in annual recurring revenue growing over 20% YoY to approximately $480 million as of June 2026, and joining forces with Bending Spoons will accelerate innovation even further," Bending Spoons' founder Luca Ferrari said in a statement.

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Microsoft is introducing AI token budgets for employees, making the cheaper GPT-5.6 its default internal model and telling engineers to focus on business results rather than maximizing AI usage. 404 Media reports: "As we accelerate our use of GitHub Copilot to deliver on our goals, we all need to be aware of how we consume tokens," Jay Parikh, an executive vice president at Microsoft said in an email to Microsoft employees. GitHub is owned by Microsoft, and GitHub Copilot is an AI coding tool. "Tokenmaxxing is not what we are optimizing for. I want all of us focused on maximizing outcomes that move the needle for our customers and our business." "As such, we are updating our internal guidance and managing token spend with the same discipline we apply to every other critical resource," Parikh said in the email. Parikh's email says that in an effort to "get greater value from our token investment" Microsoft is making OpenAI GPT-5.6, which is cheaper to use than other models, the default model for internal use. His email also links to updated internal Copilot guidelines stating that, as of July 2026, Microsoft divisions will have an "AI token budget target," and that employees can track their individual AI spending. "While there is no target spend value being shared at this time. The data shows that many engineers spend in the range of hundreds of dollars a month to a few thousand dollars in tokens," the guidelines say. They also say that some decisions may place further restrictions as they monitor spend. [...] Parikh's email said Microsoft will keep learning and adjusting its AI policies as models and products evolve, and stressed that he doesn't want to slow down the company's progress towards becoming "AI-first." "We are not optimizing for fewer tokens," he said. "We are optimizing for more impact per token.

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Trump Media has officially launched its $100,000-per-month data feed giving trading firms machine-readable access to Truth Social posts milliseconds before the public. According to Fortune, five Wall Street firms have already signed up for the service, which "would generate about $500,000 in monthly revenue, or $6 million annually." Critics argue the service could let President Trump, who owns about 41% of the company, profit from early access to market-moving presidential communications. "I'll be blunt," Gian Luca Clementi, an economics professor at NYU Stern School of Business, told Fortune. "This is insider trading by definition." "He's going to monetize the role of the office of the president of the United States," he said. "The undisputable fact is that somebody is going to earn some more money than before, and that's the president of the United States." From the report: Trump's media venture has struggled to build a profitable social media business despite its lofty valuation. Truth Social has reported significant operating losses since going public. According to the company's earnings report for Q1 2026, Trump Media & Technology Group netted a roughly $405 million loss and raised less than $900,000 in sales. Not everyone agrees the arrangement meets the legal bar for insider trading. Shannon Devine, a spokeswoman for Trump Media & Technology Group, has pushed back on the characterization, telling Quartz that Truth API "offers customers the fastest way to ingest publicly available Truth Social data" and that critics "must have invented a new theory of 'insider trading' based on publicly available information." Classic insider trading law hinges on trading on secret, material information in breach of a fiduciary duty, and Truth Social posts are, by design, meant to become public within moments -- raising real doctrinal uncertainty about whether faster access alone qualifies. But other legal experts argue the greater risk lies ahead. Richard Painter, former White House chief ethics counsel, has argued that the arrangement could violate federal law once Trump posts genuinely market-moving news -- on tariffs, military action, or other policy decisions -- before it's public, with Truth Social effectively acting as a paid "tipper" on the president's behalf. Sen. Alex Padilla (D-Calif.) said he plans to introduced legislation Tuesday to ban the president from selling expedited access to his statements.

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Longtime Slashdot reader schwit1 shares a report from Reuters: The Federal Communications Commission, which oversees the U.S. telecom industry, is working on the measure to bar imports of new Chinese optical transceivers, which allow data to travel over fiber-optic cables at the speed of light within data centers. Officials hope to publish it this year, when it would take effect. The move, not previously reported, aims to prevent Chinese firms from stealing data, installing malware or disrupting service at U.S. data centers, which house the chips to train and run AI models. The FCC could still modify or shelve the restriction, the sources stressed, speaking on condition of anonymity to discuss sensitive matters. [...] A U.S. ban on new models of Chinese data center devices would likely hit China's Zhongji Innolight, one of the biggest global sellers of transceivers, which was added to the Pentagon's list of alleged Chinese military-backed companies in June. The list can be a harbinger of tougher action. A ban could also raise costs for American cloud firms such as Amazon Web Services, as it may force them to transition to other producers such as U.S.-based Coherent and Lumentum.

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Apple is now seeking a preliminary injunction to prevent OpenAI and Jony Ive's io startup from developing AI hardware allegedly based on stolen Apple trade secrets. "The iPhone maker also claims that more of its former employees may be involved with the trade secrets theft," reports TechCrunch. From the report: In a new filing, Apple is requesting expedited discovery from the accused OpenAI employees, senior systems engineer Chang Liu and Chief Hardware Officer Tang Yew Tan; OpenAI, and its foundation; and io, the device startup co-founded by Apple's former lead designer Jony Ive. Apple also notes that its continued investigation has so far revealed 11 other former Apple employees beyond Liu and Tan may have been witnesses or otherwise involved in the case, and others who were previously named in the original complaint, like OpenAI employee Yu-Ting Peng. The filing marks an escalation in Apple's legal battle with OpenAI, as it suggests Apple has uncovered new evidence that the misconduct goes beyond the former employees named in the original complaint. "For example, another former Apple employee seems to have met with Mr. Liu and Ms. Peng in advance of Ms. Peng's interview at OpenAI and discussed with them during that meeting Apple proprietary information relating to unannounced products," the filing states. "Yet another former Apple employee took screenshots of confidential Apple documents relating to an unannounced Apple product before an interview at OpenAI." "And, after Apple filed its complaint, multiple former Apple employees now working at OpenAI reached out to discuss returning Apple-issued work devices they kept when they left Apple," Apple claims, suggesting there were more who were possibly involved with the scheme. Apple is pushing the court to allow for expedited discovery because it believes it has good cause to suspect that there are others involved in the theft of its intellectual property. The company noted that its motion for a preliminary injunction is also pending. Apple's request for a preliminary injunction is "both based on false information and completely unnecessary because we do not have, nor want, any of their trade secrets," said OpenAI in a blog post. "We're much more interested in building innovative products and technologies that push the frontier," OpenAI's statement reads.

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An anonymous reader quotes a report from The Guardian: Apple has launched a new legal challenge against a UK government demand to access its customers' highly encrypted data, a year after the Home Office agreed to abandon its previous request. The US tech company launched the legal complaint last month at the Investigatory Powers Tribunal (IPT), an independent court that has the power to investigate claims that the UK intelligence services have acted unlawfully. The UK government had made a second request to Apple to grant it a "back door" to encrypted iCloud data belonging to British users, according to an order issued by the court. Britain backed down on its original demand for access to data from UK and US customers last year, after a heated transatlantic tussle over encryption between London and Washington. UK authorities subsequently issued a new "technical capability notice" (TCN) to Apple that did not apply to American users. Apple is seeking to challenge the British government's powers to issue TCNs under the UK Investigatory Powers Act, according to the details of the new legal case first reported by the Financial Times. [...] The original TCN issued last year asked Apple for the right to see users' encrypted data protected by its advanced data protection (ADP) program in the event of a national security risk. Apple said the removal of the tool -- which not even it can access -- would make users more vulnerable to data breaches from bad actors and other threats to customer privacy. Creating a "back door" would also mean all data was accessible by Apple, which it could be forced to share with law enforcement possessing a warrant. As a result, Apple withdrew UK customers' access to its ADP program in January 2025. The Home Office has maintained that the Investigatory Powers Act, under which such orders are issued, contains robust safeguards and is used only when absolutely necessary.

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BrianFagioli writes: Sandisk and SK hynix have published the first open technical specification for High Bandwidth Flash (HBF) through the Open Compute Project. HBF is designed to create a new memory tier between High Bandwidth Memory and traditional SSD storage, giving AI inference systems more near compute capacity without relying entirely on expensive HBM. The specification supports capacities up to 512GB using 8-high and 16-high NAND stacks, with bandwidth tiers ranging from about 0.4TB per second to 3.0TB per second. It also uses the UCIe chiplet interface, which could make HBF easier to integrate with CPUs, GPUs, and other accelerators. Google and Tenstorrent participated in the standardization effort, but commercial products and independent benchmarks are still missing.

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Compotech executives are heading to Washington, D.C., next month for the live conclusion of the SBA's Freedom 250 Patriot Pitch Competition.

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A Russia-linked group tracked as Midnight Blizzard has compromised hotel and conference Wi-Fi portals worldwide, redirecting guests to phishing pages and fake software updates that steal credentials, session tokens, and other sensitive data. Microsoft says the campaign, dubbed CaptiveCrunch, "targets traveling employees generally rather than a particular sector," reports iTNews. From the report: Midnight Blizzard, tracked internally by Microsoft under its earlier codename NOBELIUM, is attributed by the US and UK governments to Russia's SVR (Sluzhba Vneshney Razvedki) foreign intelligence service. Microsoft's technical analysis said compromises occurred in "several countries" without naming them, and it did not give a total number of affected venues, organisations or individuals. A related investigation published earlier in July by security firm ReliaQuest, and which Microsoft cited in its report, found compromised captive portal gateways across multiple United States cities as well as in India and Saudi Arabia, mostly at hotels. ReliaQuest said the traffic it observed came from organizations across financial services, professional services, legal, health care, energy and retail, suggesting the campaign targets traveling employees generally rather than a particular sector. [...] Where attackers gained a foothold, Microsoft said they deployed two main tools: CornFlake, a Windows remote access trojan (RAT) written in Go capable of keylogging, screenshot and webcam capture, audio surveillance and credential and session token theft. They would also drop ChocoShell, an in-memory PowerShell infostealer targeting browser cookies, saved passwords, Microsoft 365 single sign-on (SSO) tokens and wi-fi credentials. Microsoft also said it has seen indications the attackers might be targeting Android devices with similar prompts urging victims to download and install an APK file.

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ESPN unveiled an “AI tells detection” tool during broadcasts of the 2026 World Series of Poker. Is it a neat computer-powered party trick, or a real threat to poker’s future?

It is the latest development in the ongoing dispute between Apple and the Home Office over data privacy.

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Longtime Slashdot reader schwit1 shares a report from Behind the Black: In a new bid to get the Thirty Meter Telescope (TMT) to move from Hawaii, which has blocked its construction for more than a decade, the Spanish government has put together a $1.14 billion package that would not only pay for construction on the Canary Islands, but would finance an additional half century of operations. Tech Times provides some additional details: The package is conditional on the TMT International Observatory formally choosing La Palma as its construction site. The financing architecture has three pillars and two additional contingent instruments. The first pillar is 400 million euros (approximately $456 million USD) from Spain's Ministry of Science, Innovation and Universities, routed through the Centre for Technological Development and Innovation (CDTI). This figure was first pledged a year ago in July 2025 as Spain's initial bid. The second pillar is a 300 million-euro (approximately $342 million USD) loan from the EIB [European Investment Bank] itself -- subject to satisfactory completion of the bank's technical, financial, and legal due diligence and approval by its governing bodies. The third is a potential 300 million-euro (approximately $342 million USD) participation from the Instituto de Credito Oficial (ICO), Spain's state development finance institution, evaluated under equivalent conditions to the EIB loan but subject to its own separate analysis. Spain's export credit agency, Cesce, may also provide coverage instruments, and the EIB has left open the possibility of expanding its support through intermediated financing mechanisms or guarantees.

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