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Techmeme

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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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 ...)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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How a new Amazon-built transatlantic fiber-optic link in Ireland is symbolic of the country's AI ambitions, but also of its chronic lack of defense spending (Bloomberg)

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Meta introduces a $20/month Meta One Premium tier for its glasses and limits its Conversation Focus feature to three hours of use per month for free users (Sean Hollister/The Verge)

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The US sentences Guo Wengui, a self-exiled billionaire Chinese tycoon who defrauded his online followers out of hundreds of millions, to 30 years in prison (Associated Press)

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ByteDance is building a $39B data center complex in a free-trade zone in Brazil's Ceará, set to be its largest facility outside of China with a 1GW capacity (Peter Millard/Bloomberg)

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[Thread] The US' now-lifted export controls on Anthropic models created uncertainty, are an own goal, and will push service providers towards Chinese AI models (Alex Stamos/@alexstamos)

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Anthropic says "some routine tasks like coding and debugging" on Fable 5 "will fall back to Opus 4.8" in "the near term" as it works to "reduce false positives" (@anthropicai)

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A look at Manifest, an annual convention for prediction markets where many purists worry that Kalshi and Polymarket are undermining the technology's public good (Christopher Beam/Bloomberg)

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BYD, Nio, and other Chinese carmakers are rushing to design and increase the use of locally developed chips with AI functions in a bid for chip self-sufficiency (Financial Times)

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South Korean government data: the country's exports grew 70.9% YoY in June to $102.25B, an all-time monthly high, anchored by a record $44.82B in chip shipments (Steven Borowiec/Nikkei Asia)

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LeapXpert, which lets companies and sports franchises monitor staff business chats via apps like WhatsApp for compliance, raised $180M led by Riverwood Capital (Lucinda Shen/Axios)

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Chinese robot maker UBTech launches U1, a line of humanoid robots for personal companionship with lifelike silicone skin and emotional AI, priced from $17,650 (Minxiao Chang/South China Morning Post)

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