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The US DOJ says Peter Stokes, a 19-year-old dual US-Estonian citizen, was extradited from Finland to face charges of participating in Scattered Spider hacks (Joe Warminsky/The Record)

President Trump says Micron will invest $250M in Trump Accounts; Micron says it will come via an employee matching program and a $250 deposit in some US states (New York Times)

Cloudflare sets a September 15 deadline for AI companies to differentiate their web crawlers into search, AI training, and AI agents or face being blocked (Samantha Elkins/NBC News)

Germany-based Quantum Systems, which sells surveillance drones used by Ukraine, raised $1.2B led by Blackstone, Noteus, Airbus, and Advent at an ~$8B valuation (Yazhou Sun/Bloomberg)

An interview with Amazon SVP of Devices Panos Panay on designing custom chips for Echo and Fire TV devices, experimenting with AI-enabled gadgets, and more (Arjun Kharpal/CNBC)

The European Court of Justice rules that Google's earlier defeat against a €4.1B European Commission penalty over abusing Android market power should stand (Bloomberg)

A look at the CSOP SK Hynix Leveraged ETF, which trades in Hong Kong and has ballooned into a $13B fund, becoming the world's largest single-stock leveraged ETF (Bloomberg)

A survey of US adults finds 56% support banning social media for under-16s, while 21% oppose; majorities across demographic and partisan groups support a ban (Pew Research Center)

Nansen: about two-thirds of Trump's memecoin investors are currently in the red, and 85% of World Liberty's $WLFI buyers on the secondary market are underwater (Wall Street Journal)

UK lawyers say the tide of AI-assisted employment claims is straining an already overloaded employment tribunal system, whose backlog has doubled in two years (Delphine Strauss/Financial Times)

CarbonSix, which is developing AI automation and robotic intelligence tech for manufacturing, raised a $40M Series A co-led by DSC Investment and LB Investment (FinSMEs)

Indian IT company Persistent Systems offers to acquire its Germany-based peer Nagarro for $1.45B; Indian IT companies are ramping up M&A as AI reshapes growth (Sayan Chakraborty/Nikkei Asia)

An EU draft proposal dated June 30 shows the bloc is weighing weaker climate impact rules for gas-powered data centers, after heavy lobbying from tech groups (Financial Times)

Nvidia promises to financially backstop young cloud providers like Firmus that rent out its AI chips, in exchange for a revenue share through a new program (Phoebe Liu/The Information)

Sources: OpenAI has discussed giving a 5% stake to the US government as the company seeks to clear political obstacles by securing buy-in from the Trump admin (Financial Times)

Sources: data center operator Switch seeks a ~$2B funding round valuing the company at ~$50B, including debt, led by a $400M investment from Andreessen Horowitz (Bloomberg)

Sources: Apple has told suppliers to prepare to produce ~10M foldable iPhones in 2026, up from 7M-8M previously, and 80M iPhones in total across new models (Nikkei Asia)

Sources: Apple is in negotiations to buy chips from CXMT and YMTC, two Chinese semiconductor makers on a Pentagon blacklist, for use in devices sold in China (Bloomberg)

X launches Live Studio, an updated livestreaming hub within Creator Studio with a simplified desktop setup, chat control options, custom thumbnails, and more (Andrew Hutchinson/Social Media Today)

India-based short video app ShareChat's parent company Mohalla Tech plans to raise up to $400M in an IPO in 2027; ShareChat has ~65M micro-drama viewers monthly (Sankalp Phartiyal/Bloomberg)

Amazon's emissions rose 16%+ YoY in 2025, driven by data center construction and delivery fuel, while Google's "ambition-based" emissions jumped 18% YoY in 2025 (Bloomberg)

Sources: the White House is in advanced talks with AI companies on voluntary standards and release timelines for new models to be announced as soon as next week (George Hammond/Financial Times)

Bending Spoons, which owns Vimeo and AOL, closed up 40% in its US market debut on Wednesday at a $25.7B valuation, after raising $1.68B in its IPO (Bloomberg)

Higharc, which uses AI to assist house builders in design and construction, raised a $95M Series C led by Insight Partners, bringing its total funding to $170M+ (Lauren Ohnesorge/Triangle Business ...)

Lime's shares closed up 4% in its Nasdaq debut on Wednesday, valuing the company at ~$1.7B, after Lime and existing stockholders raised ~$174M in its US IPO (Reuters)

Sources: Apple is working on new iPad Pros and an entry-level 14" MacBook Pro with a new design in line with the upcoming touch-screen laptops for H1 2027 (Mark Gurman/Bloomberg)

Alibaba and its US payment processor AUS agree to pay $600M to resolve DOJ allegations that they failed to prevent illegal sales of drugs and other products (Reuters)

Sources: SoftBank has reopened talks for a $10B loan backed by its OpenAI stake and is offering to guarantee repayment if OpenAI collateral proves insufficient (Echo Wang/Reuters)

Alex Karp calls US reliance on AI labs for military tech "effing insane", pans AI fees for businesses, and touts Palantir's Nvidia Nemotron deal for US agencies (Ty Roush/Forbes)

Sources: SpaceX showed investors a handset-like device prototype with AI tech from xAI, a proprietary OS, a Snapdragon chip, and a design slimmer than an iPhone (Wall Street Journal)

Sources: Microsoft has been working on a disc-to-digital feature for Xbox One and Xbox Series X that will let users digitize their physical game collections (Tom Warren/The Verge)

Venice AI, which offers access to 200+ AI models while allowing users to retain their privacy, raised a $65M Series A led by Dragonfly at a $1B valuation (Ram Iyer/TechCrunch)

Meta names Chief Marketing Officer Alex Schultz as its first-ever chief data officer, to manage AI analytics across the company, and names Denise Moreno as CMO (Sara Fischer/Axios)

Uber dismissed two leaders at its AI data labeling business as part of a broader leadership transition at the unit, which it says is "seeing strong momentum" (Natalie Lung/Bloomberg)

B2B sales workspace startup Aligned raised a $60M Series B led by PeakSpan Capital, taking its total funding to $73.8M, and says it has 1,000+ customers (Chris Metinko/Axios)

Oxmiq, which aims to combine GPUs, CPUs, and a tensor engine into a single block of IP that it can license, raised $35M led by Samsung Catalyst Fund and Fudomo (Max A. Cherney/Reuters)

Abu Dhabi-based MGX raised a $49B AI-focused fund, exceeding its $45B target, and plans to deploy as much as $10B annually from the fund over the next few years (Dinesh Nair/Bloomberg)

Letter: the US says Anthropic "agreed to proactively detect and address security risks" of Fable 5 and Mythos 5; a source says Anthropic developed a "safeguard" (Financial Times)

Sony says it will close the virtual PlayStation 3 store in select markets in 2026 before closing PS3 and PS Vita stores "in all other countries" in July 2027 (Jess Weatherbed/The Verge)

Sources: Meta plans a cloud infrastructure business that will sell access to AI compute and models, to compete with AWS, Azure, and Google Cloud; META jumps 9% (Bloomberg)

A researcher says a vulnerability in Apple's Hide My Email tool lets anyone see a user's real email address; first reported in June 2025, Apple has not fixed it (Joseph Cox/404 Media)

Taiwanese authorities detain two Super Micro staff and an Albatron manager after a raid of Super Micro's local offices this week over Nvidia shipments to China (Bloomberg)

Sony says all new PlayStation games will only be sold in digital formats from January 2028, as digital media preference "significantly outpaces physical discs" (Stephen Totilo/Game File)

Stockholm's Patent and Market Court orders Google to pay nearly $2B to Klarna's PriceRunner in a dispute over abuse of power in the shopping comparison market (Bloomberg)

Twelve Labs, which is building AI models to make video searchable and understandable, raised a $100M Series B co-led by NEA and Naver, and signs an AWS deal (Saritha Rai/Bloomberg)

Together AI, which offers access to open-source models, raised $800M led by Saudi Aramco's Prosperity7 at an $8.3B valuation, taking its total funding to $1.3B (Niko Gallogly/New York Times)

Wayve files to sell shares on the London Stock Exchange's new Private Securities Market, the first major company to test it, and let staff sell $85M in shares (Bloomberg)

A UN panel co-chaired by Yoshua Bengio warns that AI capabilities are outpacing scientific understanding, the "potential benefits of AI are enormous", and more (Andrea Shalal/Reuters)

How the rapid rise in US- and China-made AI abilities is leading to both a transformation in AI use at work, and sudden lurches in policies and markets (Ethan Mollick/One Useful Thing)

Anthropic says it is rolling back a covert Claude Code tracking feature to identify users based in China or affiliated with Chinese AI labs, after backlash (Juro Osawa/The Information)