Phia says it killed the feature, is reversing bad transactions, and is hiring a compliance chief. Whether that\u2019s enough to keep the startup afloat, and what Gates\u2019 path forward resembles, remains to be seen .\u00a0<\/p>\n
Here\u2019s what else happened in tech this weekend.<\/p>\n
Want to send thoughts or suggestions to\u00a0Fortune Tech?\u00a0Drop a line\u00a0here<\/a>.<\/p>\n Washington tells allies to pick a side in the AI race The U.S. State Department is reportedly preparing a letter telling the 35 signatories of its AI Opportunity Statement\u2014including allies like Japan, Australia, and South Korea\u2014that they can’t sign up for both Washington’s Pax Silica coalition<\/a> and Beijing’s competing AI framework.\u00a0<\/p>\n The draft, according to Reuters, warns that countries will be excluded from the U.S.-led group if they hedge. The U.S. reportedly is arguing “to be part of everything is to be part of nothing,” and the move is explicitly designed to starve China<\/a> of the chips, AI models, and critical minerals it needs to compete. \u2014Lily Mae Lazarus<\/p>\n Alibaba’s AI became the world’s most downloaded model<\/p>\n Alibaba’s open-weight Qwen models have racked up more than 3 billion downloads<\/a> in six months, blowing past Meta’s 227 million and Google’s 418 million, according to a new Hugging Face state-of-open-models report. The milestone caps a run of more than 460 open-sourced Qwen models and 300,000-plus derivatives, cementing Alibaba as the dominant force in open-source AI.\u00a0<\/p>\n The download numbers are a reminder that even as Washington restricts chip exports and debates AI export controls, Chinese open models<\/a> are winning developer mindshare globally. \u2014Lily Mae Lazarus<\/p>\n Dario Amodei says the AI trust problem isn’t him<\/p>\n Anthropic CEO Dario Amodei<\/a> pushed back on the idea that he’s personally responsible for public doom around AI in a lengthy X post on Saturday. He framed the backlash as a broader “crisis of trust” in institutions and the tech industry.\u00a0<\/p>\n Amodei argued that only real-world results\u2014not marketing campaigns\u2014will fix the trust issue, pointing to Anthropic’s push into biology and medicine as evidence the company is trying to “actually cure cancer” rather than just promise to.\u00a0<\/p>\n It’s a notable shift in tone<\/a> from the exec who once predicted AI could wipe out half of white-collar jobs, and it lands right as Anthropic and OpenAI both barrel toward IPOs where public sentiment\u2014and regulatory goodwill\u2014will matter as much as the technology itself. \u2014Jason Ma<\/p>\n More tech<\/p>\n \u2014Anthropic’s IPO valuation<\/b><\/a> reportedly hinges on hitting a $190\u2013200 billion 2028 revenue forecast, sources tell Reuters.<\/p>\n \u2014Nvidia disclosed<\/b><\/a> a nearly $21 billion stake in SpaceX and a $30 billion stake in Intel as of June 30.<\/p>\n \u2014“Godfather of AI” Geoffrey Hinton<\/b><\/a> warned that wealthy tech firms will use AI to replace workers, driving “massive unemployment” and soaring profits for the few.<\/p>\n \u2014Amazon reinstated<\/b><\/a> an arbitration clause in its user agreement to curb shopper class-action lawsuits, five years after removing it.<\/p>\n![\"Donald](\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2026\/08\/GettyImages-2276140965-e1786922359597.jpg\"\/)
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