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Analysis: assuming API pricing, the $200/month Claude Max and ChatGPT Pro plans offer up to ~$8,000/month and ~$14,000/month worth of tokens, respectively (@semianalysis_)

Xiaomi releases MiMo Code V0.1.0, an open-source AI coding assistant that it says outperforms Claude Code on agentic coding and software engineering benchmarks (Carl Franzen/VentureBeat)

Zelle owner EWS says it plans to expand the payment service to India later this year, its first international market, and create its own USD-backed stablecoin (Associated Press)

Anthropic, OpenAI, and other AI startups have announced major London expansions over the past year, as the city emerges as a key AI talent hub outside the US (Kai Nicol-Schwarz/CNBC)

Ted Cruz and Ron Wyden introduce the JAWBONE Act, which would let Americans sue federal officials who try to coerce broadcasters or platforms to censor speech (Jon Brodkin/Ars Technica)

Agentic workplace startup Genspark raised a $100M Series B extension at a $2.6B post-money valuation, up 63% in just three months; it has raised $645M+ to date (Chris Metinko/Axios)

Adobe reports Q2 revenue up 13% YoY to $6.62B, vs. $6.46B est., and raises its annual forecasts; CFO Dan Durn is leaving for Marvell; ADBE drops 5%+ after hours (Zaheer Kachwala/Reuters)

Sources: Founders Fund's ~3% stake in SpaceX is now worth $50B+, after investing $600M; a16z will get the biggest return in its history, with a $10B+ stake (Bloomberg)

SpaceX raises $75B in the biggest-ever IPO, pricing 555.6M shares at $135 each, giving it a market value of $1.77T (Bailey Lipschultz/Bloomberg)

Polish lawmakers pass legislation imposing prison sentences of up to five years for "trash streaming" of violent crimes, gambling promotion, and more (Anna Wlodarczak-Semczuk/Reuters)

Some investors question SpaceX's projected $1.77T valuation, citing its $4.3B loss on $4.7B in revenue in Q1, concerns over space data centers, and more (New York Times)

Former a16z GP John O'Farrell criticizes the AI industry and his ex-partners for spending hundreds of millions to fight regulation, calling it "a huge mistake" (John O'Farrell/New York Times)

Coinbase launches an AI agent that can execute trades and pay for premium research; users can give it access to their main account or have it operate separately (Ivan Mehta/TechCrunch)

Europol says it has dismantled the AudiA6 crypto mixing service, which allegedly laundered $380M+ for ransomware actors and others between 2022 and 2025 (Bill Toulas/BleepingComputer)

Sources: Anthropic signed 12+ initial agreements for direct data center leases, a first for the company, with Google potentially providing a financial guarantee (Anissa Gardizy/The Information)

PhoenixAI, formerly CelerData, which is building what it calls an agentic AI-ready analytical database, raised an $80M Series B led by Sky9 (Kyt Dotson/SiliconANGLE)

Barcelona-based Theker, which is building AI-powered robots for industrial environments, raised $85M led by CRV, with Samsung, LVMH, and others participating (Reuters)

Waymo launches Waymo Premier, a $30-per-month membership program offering perks like skipping the line, 10% cashback, and five free ride cancellations per month (Sean O'Kane/TechCrunch)

Sources: BlackRock put in an order to buy at least $5B worth of SpaceX shares; SpaceX received an over $1B request from a single family-office investor (Wall Street Journal)

Citigroup launches a blockchain-based platform for wealthy and institutional clients to trade tokenized shares of private firms, initially for foreign investors (Gina Heeb/Wall Street Journal)

OpenAI acquires Ona, which offers cloud services to support AI agents, and plans to bring Ona's team into its Codex effort (Seth Fiegerman/Bloomberg)

The US House fails to extend FISA's Section 702, ensuring the warrantless surveillance program will expire for the first time since its 2008 enactment (Politico)

Crusoe said it had "paused" a plan to build a Wyoming data center; sources: it failed to win customers including Google amid concerns about costs and timetable (Bloomberg)

Amazon says its data centers used ~2.5B gallons of water in 2025, or 0.12 liters of water per kWh, and water use at sites it owns and operates fell 2% from 2024 (Anvee Bhutani/Wall Street Journal)

Apollo Global has built a risk assessment framework that categorizes software investments into 12 to 14 sectors to rank them by susceptibility to AI disruption (Hannah Webster/Bloomberg)

Jeff Bezos' Prometheus, which is building AI models for physical tasks, raised a $12B Series B at a $41B valuation, following a $6.2B Series A (Dan Primack/Axios)

Nvidia and Abridge, maker of an AI note-taking app for doctors, are training an AI model for clinical conversations using de-identified data and Nemotron models (Belle Lin/Wall Street Journal)

Digital Asset, which builds Canton Network, a public blockchain with privacy features, raised $355M, including $100M from a16z crypto (Bloomberg Law)

Anthropic donates $150M to launch Claude Corps, a fellowship program that will hire 1,000 fellows trained in the use of Claude and embed them at US nonprofits (Glenn Gamboa/Associated Press)

DoorDash launches an in-app AI chatbot to let users order food and groceries and make reservations with photos and prompts (Samantha Subin/CNBC)

Sources: Google is in talks with Samsung to manufacture a memory input-output die for Icefish, its 10th-generation TPU, and TSMC will make the computing engine (Qianer Liu/The Information)

Sources: SpaceX's IPO has attracted $70B+ in orders from retail investors, who are expected to be allocated at least 20% of the available shares (Bloomberg)

KKR launches Helix Digital, a new company to finance AI infrastructure, with $10B+ in committed capital from Nvidia, the Kuwait Investment Authority, and others (Brian Fagioli/NERDS.xyz)

Coram AI, which helps organizations use AI with their existing security equipment to find incidents, raised a $35M Series B, bringing its total funding to $66M (Rya Jetha/Business Insider)

London's Met Police calls on tech companies to make stolen phones unusable and says it is sharing data with Apple to build a "global picture" of stolen devices (Yang Tian/BBC)

A teardown reveals the Trump Mobile T1 is a gold-painted HTC U24 Pro but features some changes, including memory from Micron instead of SK Hynix (Shahram Mokhtari/iFixit News)

Elon Musk is busy stoking far-right culture wars across the West on the eve of SpaceX's IPO, with an impunity unmatched in modern corporate history (Zachary Basu/Axios)

The Workers' Daily, the official mouthpiece of China's umbrella trade union, urges regulators to protect worker rights and strengthen oversight amid the AI boom (Bloomberg)

Deezer launches an AI music detection tool for users of 20 services, including Spotify and Apple Music, after no company licensed its AI detection tech (Terrence O'Brien/The Verge)

Hungary plans to decriminalize crypto trading in a reversal of restrictions, which prompted Revolut and others to suspend services, under former PM Viktor Orban (Zoltan Simon/Bloomberg)

Sen. Maggie Hassan's report: Spotify removed 3,500 podcast accounts and 57,000 episodes promoting illegal online pharmacies between May and November 2025 (Clare Duffy/CNN)

Alibaba stock fell ~6.5% and JD.com fell ~6% after China reprimanded e-commerce players over alleged false advertising during the "618" annual shopping festival (Bloomberg)

Google's philanthropic arm, Google.org, commits $50M to help train 300K+ skilled trade workers across the US, amid a shortage of workers for AI projects (Madison Mills/Axios)

Sources: Meta has completed an operational split with Manus and stopped data sharing; Manus is exploring options, including raising ~$1B to fund a buyback (Riley Griffin/Bloomberg)

FSB-orchestrated internet outages in Russia, intermittent but indiscriminate, have made one of the world's most online nations resort to cash and paper maps (Financial Times)

Sources: Alibaba replaces DingTalk CEO Chen Hang with Chen Yusen after an internal debate over the enterprise communication app's role in Alibaba's AI strategy (Bloomberg)

Applied Materials opens a $500M chip equipment manufacturing campus in Singapore, making the city-state home to ~50% of its production capacity alongside the US (Cheng Ting-Fang/Nikkei Asia)

Analysis: Conservative and Reform UK MPs have increased their volume of posts on X since Elon Musk's takeover, while center-left politicians have reduced theirs (Financial Times)

US OPM awards a ~$400M, 10-year IT contract to Oracle to develop a single, government-wide system for agencies to manage their HR capabilities (Drew Friedman/Federal News Network)

Opendoor says it is shutting down its India operations and laying off nearly 250 employees, replacing them with smaller, AI-enabled teams in the US (Moneycontrol)