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The Senate's Clarity Act, a crypto industry-backed bill set for a vote this summer, is mired in debate over rules to stop Trump from selling digital currencies (David Yaffe-Bellany/New York Times)

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STMicro forecasts Q3 revenue up ~16% YoY to $3.7B, below $3.79B est., and expects AI sales to pass $1B in 2026 and be "well above $2B" in 2027; STM falls 14%+ (Bloomberg)

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Mark Zuckerberg launches a media campaign positioning the company's AI development as an optimistic, pro-human alternative to its competitors' "dystopian" ideas (Sara Fischer/Axios)

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Google adds a selfie video sign-in option for account recovery, using tools like liveness detection to safeguard against deepfake attacks, rolling out globally (Reece Rogers/Wired)

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The European Commission fines Google €890M under the DMA for illegally undercutting competition through its search dominance and Google Play app developer rules (New York Times)

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Texas Instruments reports Q2 revenue up 23% YoY to $5.46B, above $5.26B est., net income up 53% to $1.98B, and forecasts $5.65B-$6.15B in Q3 revenue, above est. (Grace Yoon/Wall Street Journal)

Sources: Intel and AMD are signing longer-term server CPU purchase commitments with Chinese customers; prices of some CPU products are up 40%+ in China YTD (Reuters)

Sources: China resumes issuing robotaxi permits after an industry-wide full safety review prompted by an April outage involving 100+ Baidu robotaxis in Wuhan (Bloomberg)

ServiceNow invests $40M in banking software specialist BusinessNext, valuing the 24-year-old Indian company at $700M and taking a roughly 5% stake (Jagmeet Singh/TechCrunch)

Dassault Systèmes agrees to acquire ArisGlobal, a US supplier of software to the life sciences industry, from Nordic Capital for ~$2B, set to close in H2 2026 (Adrià Calatayud/Wall Street Journal)

As the AI industry recruits high-profile academics, research that was once conducted in the open is increasingly getting locked behind closed doors (The Atlantic)

A profile of Peter Beck, the New Zealand billionaire whose Rocket Lab is pushing to compete with the satellite internet ambitions of Elon Musk and Jeff Bezos (Nic Fildes/Financial Times)

Sources: OpenAI models breached Hugging Face's internal systems in a matter of hours, a feat that would typically have taken a talented hacker a couple of weeks (Bloomberg)

The debate over Moonshot AI founder Yang Zhilin's departure from the US misses a larger structural reality: China has built a homegrown AI talent pipeline (Zijing Wu/Financial Times)

Sources: Shanghai-listed chip test instruments maker Semight, whose stock is up ~2,200% since its April debut, is considering a secondary listing in Hong Kong (Bloomberg)

Francisco Partners' co-founder Dipanjan Deb says "AI will not kill the software industry", as the tech-focused PE firm raised $21B, exceeding its $18B target (Antoine Gara/Financial Times)

Sources detail how Commerce Secretary Howard Lutnick and crypto adviser Bo Hines worked to shape the GENIUS Act and loosen safeguards to benefit Tether (Bloomberg)

A study of 11,989 Polymarket users finds 61% placed fewer than 100 trades over a six-week period, with 58% making or losing less than $100 during that period (Kaitlyn Radde/Pew Research Center)

US GAO study: Amazon workers on federal aid tripled from February 2020 to September 2025; ride-hailing and delivery apps topped employers with workers on aid (Washington Post)

Meta's infrastructure teams have become bloated, leading to poor decisions like troubled Rivos acquisition, loss of supplier trust due to hardware pivots, more (SemiAnalysis)

Tesla reports a negative Q2 free cash flow of $1.1B, its first in over two years, partly due to increased AI and robotic investments, amid diminishing profits (Reuters)

Google reports Q2 free cash flow at negative $5.9B amid increased AI spending, marking its first cash burn since going public more than two decades ago (Ryan McMorrow/Financial Times)

Sources: OpenAI staff were "freaked out" when GPT-Sol 5.6 breached Hugging Face, as OpenAI used more aggressive training methods to compete with Anthropic (Financial Times)

The Little Tech Association, a new group of ~200 companies across the startup community, including Y Combinator, urges Trump not to ban Chinese open-weight AI (Sophia Cai/Politico)

Movement Labs, a layer-2 Ethereum blockchain developer, files for Chapter 11 bankruptcy after a period of upheaval that included a token scandal and Binance ban (CoinDesk)

Google projects full-year capex will be $195B to $205B in 2026, after saying in April that it will spend as much as $190B; its Q2 capex hit $44.92B, up 100% YoY (Julia Love/Bloomberg)

Google says its cloud computing unit had a $514B backlog of contracted work that hasn't been recorded as revenue yet, up from ~$460B held during Q1 (Julia Love/Bloomberg)

ServiceNow reports Q2 subscription revenue up 24.5% YoY to $3.88B, increases full year subscription revenue growth estimate to 23%; NOW jumps 4%+ after hours (Brody Ford/Bloomberg)

The SEC agrees to pay $150,000 in legal fees to end Coinbase's 2024 lawsuit seeking internal docs on the regulator's Biden-era crackdown on the crypto industry (Nicola M White/Bloomberg)

Google says Gemini now has 950M MAUs, up from 900M in May and 750M in February (Emma Roth/The Verge)

IBM reports Q2 revenue up 1% YoY to $17.2B, vs. $17.6B est., infrastructure revenue down 7% to $3.8B, Z mainframe revenue down 42%, and lowers its 2026 forecast (Jordan Novet/CNBC)

Reddit's stock closed down 8.32% after a report that the company was considering ending Google's access to its content for AI training; RDDT is down ~26% YTD (CJ Haddad/CNBC)

Alphabet reports YouTube's Q2 ad revenue rose 13% YoY to $11.06B, vs. $10.8B est., and Google's ad revenue reached $81.63B, up from $71.34B in Q2 2025 (Todd Spangler/Variety)

Alphabet reports Q2 revenue up 24% YoY to $119.8B, above $116.9B est., Google Cloud revenue up 82% YoY to $24.8B, and Services revenues up 15% to $94.5B (Alphabet)

OpenAI President Greg Brockman says Kimi K3 is a "pretty good model" but it is "too early" to tell whether Moonshot used distillation on OpenAI's models (Shirin Ghaffary/Bloomberg)

Source: Stripe revenue jumped by a third to $6.8B in 2025, its fastest revenue growth since 2021, with free cash flow up 52% to $3.2B (Yueqi Yang/The Information)

Travis Kalanick's robotics startup Atoms raised $1.7B led by a16z, with Uber and others participating; Ben Horowitz will join the startup's board (Sean O'Kane/TechCrunch)

A Florida teenager drops his lawsuit accusing Meta of creating harmful social media features, following settlements with co-defendants TikTok, Snap, and YouTube (New York Times)

Yope, a social network that has ~15M registered users for its "micro communities" and no algorithms, ads, or public content, raised $12.3M seed led by Northzone (Sarah Perez/TechCrunch)

Sources: Cathedral, launched by ex-DOGE staffers to use AI to expand US military cyber capabilities, raised $160M led by a16z and Sequoia at a $1.4B valuation (David Jeans/Reuters)

Genius AI, formerly GlossGenius, which pivoted from a salon management platform to offer AI tools for service SMBs, raised a $44M Series D at a $1.15B valuation (Emma Hinchliffe/Fortune)

Cashea, Venezuela's largest fintech startup, which offers a banking and payments app, raised a $40M Series A, including $20M in debt, and a $60M Series B (Maria Clara Cobo/Bloomberg)

Arcee, which develops open-weight models in the US, partners with the Department of Energy to build Genesis-Science-1, an open model for scientific research (Catherine Perloff/The Information)

A US judge dismisses Google's lawsuit against web scraping service SerpApi, saying plain and aggregated search results are not protected under copyright law (Barry Schwartz/Search Engine Roundtable)

White House OSTP Director Michael Kratsios says Moonshot AI "acquired GB300-equipped servers and has accessed GB300s in Thailand, likely to train its AI models" (Maggie Eastland/Bloomberg)

Meta names Assaf Keren, a former chief security officer at Qualtrics and a former CISO at PayPal, as its next CISO, succeeding Guy Rosen, who will leave in 2026 (Riley Griffin/Bloomberg)

OpenAI introduces OpenAI Presence to help companies better connect AI agents to their internal systems and automate customer support, sales, and other tasks (Business Insider)

White House OSTP Director Michael Kratsios says "we have information that Moonshot AI distilled Anthropic's Fable for the development of its K3 model" (Director Michael Kratsios/@mkratsios47)

Xbox expands its backward compatibility program to PC, starting with four classic original Xbox games, offering 4X resolution scaling, V-Sync support, and more (Jez Corden/Windows Central)

Filing: Monday.com plans to cut 20% of its workforce, or ~600 employees, in H2 2026 to "support a leaner, more focused operational model" as it invests in AI (Martin Peers/The Information)