Claiming Social Security at 62 Can Reduce Your Benefit by Up to 30%. When It Still Makes Sense
Claiming Social Security at 62 can significantly reduce benefits.
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The day in brief
OpenAI is set to publicly release its GPT-5.6 models, including Sol, Terra, and Luna, on July 9, 2026, after lifting government-imposed restrictions. The U.S. Department of Commerce has approved the rollout, allowing OpenAI to expand access globally following initial testing and a collaborative review with the government.
Apple has entered into a significant partnership with Broadcom, signing a $30 billion multiyear deal to produce wireless chips in the United States. This collaboration is expected to yield over 15 billion custom wireless connectivity chips and aims to create hundreds of American jobs, although the total number may be relatively small.
SambaNova has achieved an impressive valuation of $11 billion following a successful funding round that raised $1 billion. This investment was backed by notable firms including Seligman Ventures, T. Rowe Price, and Capital Group, and will support the deployment of SambaNova's systems for enterprise AI workloads, particularly utilizing their SN50 chip for on-premise AI applications.
The Chinese Ministry of Industry and Information Technology has flagged a significant back-door vulnerability in Claude Code, an AI tool developed by Anthropic. As a precaution, users are advised to uninstall or upgrade from versions 2.1.91 to 2.1.196, and Alibaba has mandated that employees cease using Anthropic tools starting July 10.
Apple has announced a significant investment of $30 billion in partnership with Broadcom to bolster U.S. chip manufacturing. This deal includes a $1.5 billion expansion of Broadcom's facility located in Fort Collins, Colorado, and will ensure the supply of custom ASIC silicon products through 2031.
AI chip startup SambaNova has successfully raised $1 billion in its Series F funding round, achieving a valuation of $11 billion. The funding was led by General Atlantic and included contributions from Seligman Ventures and T. Rowe Price, aimed at enhancing its supply chain and expanding its AI chip offerings.
Prime Intellect has successfully secured $130 million in Series A funding to empower enterprises in developing their own AI agents. The startup's platform is already being utilized by notable clients such as Ramp, Zapier, and Flapping Airplanes, who benefit from its tools to enhance AI capabilities while maintaining data control.
Google is updating its Android Bench rankings with the introduction of the Harbor framework for evaluating AI models. The newly top-ranked model, Claude Fable 5, achieved a score of 84.5, surpassing GPT-5.5 by 4 points. Developers are encouraged to contribute benchmark evaluations and submit tasks to enhance the ranking system.
Samsung is set to reveal its latest devices, including the Galaxy Z Fold 8, on July 22nd. Leaked renders confirm a new design featuring a 7.6-inch QHD+ inner display and a 4,800mAh battery with 25W charging speeds. The Fold 8 will be available in four colors, including a Samsung.com exclusive 'Pistachio'.
Anthropic has restructured its Claude Fable 5 model to address its high operational costs by positioning it as a planner that delegates tasks to the smaller Sonnet 5 model. This new approach includes two strategies: the 'Advisor' pattern, where Sonnet 5 executes tasks and consults Fable 5 for guidance, achieving 92% of Fable 5's performance at 63% of the cost, and the 'Orchestrator' pattern, which allows Fable 5 to manage multiple Sonnet 5 agents, delivering 96% of its performance at just 46% of the cost. This shift is likely a response to increasing price competition from Chinese models and the newly introduced GPT-5.6 Sol, which is cheaper and more efficient.
Google Chrome has set August 31, 2026, as the definitive end date for all Manifest V2 extensions, which have been phased out over the past four years. While these extensions can still be used if installed before the release of Chrome 138, they will no longer receive updates or be available for reinstallation from the Chrome Web Store. Google disabled support for Manifest V2 extensions in July 2025, and this final removal marks the transition to the more secure but restrictive Manifest V3 framework, which has drawn criticism for impacting ad blockers and similar tools.
Tensions between the U.S. and Iran escalated as President Donald Trump announced the ceasefire is 'over' during a NATO summit, leading to U.S. Central Command launching a series of strikes in Iran. This development has raised fears of a broader conflict in the Middle East, particularly concerning the Strait of Hormuz. Following the strikes, oil prices jumped nearly 6%, contributing to a decline in U.S. stock markets, with the Dow Jones Industrial Average falling below 53,000. The U.S. Treasury also revoked the authorization for Iranian oil sales, further impacting market dynamics.
Kevin Weil, a seasoned tech executive with experience at Twitter, Meta, Planet Labs, and OpenAI, has joined the board of Stoke Space, a Seattle startup developing reusable rockets to rival SpaceX. Stoke's CEO, Andy Lapsa, highlighted Weil's critical role in fundraising, helping the company secure $1.34 billion since its inception in 2020, including a $510 million Series D round in 2025. Weil's background in digital products contrasts with Stoke's focus on aerospace, raising questions about potential synergies with OpenAI, especially given previous interest from Sam Altman in Stoke's technology.
Meta is developing AI-powered glasses featuring a capability known as 'Super Sensing,' which allows the device to continuously record the user's environment through cameras and microphones. This functionality enables users to query an AI for any audio or visual information captured throughout the day. The project has raised privacy concerns, as the glasses will not have an LED indicator light to inform bystanders when recording is taking place. Additionally, Meta is considering using the data collected to enhance its AI models, building on insights from its long-running Project Aria research program.
Meta has introduced Muse Image, its first image generation model from Superintelligence Labs, designed to function as an AI agent. Unlike traditional models, Muse Image refines its outputs by utilizing external tools, including web search, to enhance accuracy. It currently ranks second on the Image Arena platform, trailing OpenAI's GPT Image 2. However, the model's opt-out feature, which allows users to generate images using public Instagram photos without consent, has sparked privacy concerns, particularly in Europe where regulators are expected to scrutinize its compliance with GDPR and the upcoming EU AI Act.
New Jersey lawmakers are set to vote on a bill that would require companies operating fully autonomous vehicles in the state to utilize multiple sensing technologies, including lidar and radar, effectively banning Tesla's camera-only Robotaxi system. This legislation, if enacted, would make New Jersey the first state to establish such hardware mandates, ahead of a similar proposal in New York. The bill aims to ensure safety in the state's densely populated areas and includes a three-year pilot program that mandates extensive testing before companies can deploy fully driverless services.
The archive
Claiming Social Security at 62 can significantly reduce benefits.
Read sourceParadigm raises $1.2 billion for diverse tech investments.
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Prime Intellect secures $130M to empower enterprise AI development.
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AI startups report accelerating revenue growth milestones.
Read sourceDow Jones falls as Trump declares Iran ceasefire over.
Read sourceSocial Security trust fund depletion could trigger fiscal crisis.
Read sourceBlue Origin raises $10 billion, reaching $130 billion valuation.
Read sourceOpenAI to publicly release GPT-5.6 models after government limits lifted
Read sourceU.S. strikes Iran, impacting oil prices and stocks.
Read sourceMiniMax to release a groundbreaking AI model this year.
Read sourceStocks outperform bonds in first half of 2026.
Read sourceGoogle updates AI model rankings for Android development.
Read sourceAirbnb enhances Sitar-agent for Kubernetes configuration management.
Read sourceMeta prototypes AI glasses for continuous recording.
Read sourceMeta launches Muse Image, raising privacy concerns.
Read sourceApple tests DRAM chips from banned supplier CXMT.
Read sourceOpenAI announces GPT-5.6 public release date.
Read sourceOpenAI receives approval for GPT-5.6 launch.
Read sourceSamsung Galaxy Z Fold 8 design and specs revealed ahead of launch.
Read sourceApple introduces AI features for Home app with subscription requirement.
Read sourceSamsung unveils new wide foldable phone on July 22.
Read sourceBlue Origin plans to raise $10 billion in private capital.
Read sourceGoogle Pixel Watch 5 to debut with new color and higher price.
Read sourceVerity Harding warns against the AI arms race narrative.
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