This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. The power line that could reshape New York’s grid is hitting snags During a heat wave on July 3, New York State’s grid imported enough electricity from Canada to meet about…
SoundCloud has acquired decentralized music platform Nina Protocol, months after the startup announced it would shut down. The deal brings Nina’s artists, editorial archive, and music discovery tools to SoundCloud as the company continues expanding its platform for independent musicians.
OpenAI made a mistake setting up what it called a “highly isolated” testing environment and sandbox. According to cybersecurity experts, that human mistake is what made the AI-powered attack on Hugging Face possible.
Yope, a fast-growing social app focused on private groups of friends and family, has raised $12.3 million in seed funding. Instead of chasing creators and algorithmic feeds, the startup is betting that the future of social networking lies in small, private communities powered by messaging, photo sharing, and AI features designed to strengthen real-world relationships.
Anthropic leaped to a $47 billion revenue run rate by May, compared to $9 billion in 2025. It’s the kind of growth that Menlo Ventures’ Matt Murphy says he’s never seen in 25 years of investing, not in the internet wave, not in mobile, not in the first cloud boom. Menlo led Anthropic’s $500M Series D, and Murphy has had a front-row seat as the company went from a pre-revenue, […]
The company said it is reducing its headcount by 20%, or about 630 staff, to “support a leaner, more focused operating model” as it focuses on its AI Work Platform.