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OpenAI widens access to its cutting-edge GPT-5.6 models

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OpenAI widens access to its cutting-edge GPT-5.6 models

OpenAI is publicly releasing its GPT-5.6 Sol, Terra and Luna models on Thursday. The AI firm announced the models last month and rolled them out first, in a limited way, to a handful of government-approved organizations. CEO Sam Altman said Thursday that GPT-5.6 Sol is "as good or better" than competitors' offerings, and that it's 54% more token efficient on agentic coding tasks. Rival Anthropic just restored access to its own latest models, Claude Fable 5 and Mythos 5, after a high-profile battle with the White House.

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Home sales slide as record prices deter would-be buyers

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Home sales slide as record prices deter would-be buyers

Existing home sales declined 2.4% in June, surprising analysts, data released Thursday by the National Association of Realtors shows. Housing inventory was relatively low, driving up prices, with the median price of an existing home selling for a record-breaking $440,600. The Northeast was the only region where home sales didn't decline. NAR's chief economist, Lawrence Yun, expressed optimism about the coming months, telling CNBC, "job gains—more than half a million since the beginning of the year—will continue to provide support for the housing market."

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Google Search breaks a major record thanks to World Cup

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Google Search breaks a major record thanks to World Cup

The World Cup has broken the internet — or Google Search, at least. The search engine saw a record number of queries per second "right after the winning goal" in Tuesday's knockout round between Argentina and Egypt, a spokesman said. Fans proved curious, too, about individual players, particularly Argentine star Lionel Messi, asking Google Search if this is his last World Cup. The search engine has been fighting to maintain its relevance as AI chatbots become more popular, but it still dominates 90% of the search market.

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Meta commits to competitive pricing for first paid AI tier

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Meta commits to competitive pricing for first paid AI tier

Meta's latest AI milestone includes a new revenue stream for the Facebook maker. The tech giant on Thursday introduced Muse Spark 1.1, the latest version of its AI model, along with a paid tier for developers. Previously, Meta had not charged clients for access to its AI models. "The pricing is going to be very ... attractive," CEO Mark Zuckerberg said. The company also announced a new system to collect fees from developers, with pricing at about a quarter of what rivals OpenAI and Anthropic charge.

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Coinbase Switches to Chinese AI Models GLM and Kimi, Cuts AI Spending by 50%

Coinbase CEO Brian Armstrong disclosed Friday that the cryptocurrency exchange has switched its default AI models to GLM 5.2 from Chinese lab Zhipu and Kimi 2.7 from Beijing-based Moonshot AI, cutting the company's internal AI spending by nearly half even as token consumption hits record highs [1]. The shift, announced in a post on X outlining five cost-reduction levers, marks one of the most public enterprise defections from Western AI providers to Chinese alternatives.

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Anthropic undercuts rivals with cheaper Claude Sonnet 5

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Anthropic undercuts rivals with cheaper Claude Sonnet 5

Anthropic on Tuesday unveiled its latest Sonnet-class model, designed to deliver enhanced agentic capabilities at a competitive cost. Dubbed Claude Sonnet 5, Anthropic says the next-generation model allows users to autonomously complete complex tasks, and shows significant improvements over its predecessor in reasoning and coding. The new default model for Free and Pro plans, Sonnet 5's arrival comes as tech companies search for cost-efficient solutions to meet explosive AI token consumption. Meanwhile, Anthropic still awaits government approval for restored access of its most powerful AI systems, Mythos and Fable.

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Amazon invests $1B in new deployed engineering AI unit

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Amazon invests $1B in new deployed engineering AI unit

Amazon Web Services has announced a $1 billion investment in a Forward Deployed Engineering unit designed to embed engineers within client organizations, helping customers achieve faster AI rollout. The initiative aims to create self-sufficient teams capable of implementing new solutions in just weeks. While OpenAI and Anthropic announced their own FDE units earlier this year, AWS is the first major cloud provider to pursue this strategy, targeting companies in regulated sectors as potential early adopters.

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MBA graduates face declining salaries and job prospects

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MBA graduates face declining salaries and job prospects

For newly graduated MBAs, the job market has become increasingly challenging, with starting salaries expected to decline and employer hiring targets often proving overly optimistic, The Wall Street Journal reports. The median starting salary is expected to decline to $120,000 in 2026 from $125,000 in 2025, according to a survey of more than 600 corporate recruiters by the Graduate Management Admission Council. Employers are increasingly concerned about graduates' AI proficiency, while international MBA students face mounting hiring challenges amid stricter U.S. immigration policies.

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