| Milana Vinn / Reuters: |
Sources: Stripe and PE firm Advent have jointly offered $60.50/share to acquire PayPal, a 28% premium to Tuesday's close, valuing it at $53B+; PYPL jumps 15%+ — Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc … | Reuters: |
China's cyberspace regulator says Apple Intelligence has been registered for use on iPhones in the country; Alibaba says the service will use its Qwen model — China's cyberspace regulator said on Wednesday that Apple's on-device generative AI service “Apple Intelligence” has been registered for use on iPhones in the country.| CNBC: |
IBM's stock closed down 25.21% on Tuesday, sinking more than its previous worst day of October 19, 1987, after reporting preliminary Q2 results below estimates — International Business Machines shares plummeted 25% on Tuesday after the hardware, software and consulting provider released … | Mark Gurman / Bloomberg: |
Sources: OpenAI's first device will be a moveable, screen-free smart speaker with a camera and sensors, meant to serve as an AI companion that taps into ChatGPT — OpenAI's much-anticipated push into consumer devices is slated to begin with a mobile, screen-free smart speaker designed … | Politico: |
AI advocates fear New York's moratorium on new data centers could embolden Democrats to enact more state restrictions and seize on the issue in the midterms — New York's moratorium on data centers could serve as an opening salvo for leaders in other states looking to rein in tech infrastructure … | April Roach / CNBC: |
ASML reports Q2 net sales of €9.3B, above €8.8B est., a €2.9B net profit, above €2.6B est., and raises its 2026 net sales forecast from €36B-€40B to €43B-€45B — ASML on Wednesday raised its guidance for the second time this year and reported stronger … | Max A. Cherney / Reuters: |
| Wall Street Journal: |
A group of 26 current and former employees sues Meta for allegedly using AI in layoffs in May to unfairly target workers with disabilities or on protected leave — Lawsuit alleges social-media company relied on AI that disproportionately targeted workers with disabilities or who were on medical or parental leave| Stu Woo / Wall Street Journal: |
China enacts rules forbidding companionship chatbots from encouraging emotional reliance, banning virtual relationships with minors, and more — Beijing sets emotional boundaries between humans and machines — SINGAPORE—Regulators in China have found unexpected common ground … | Bloomberg: |
As China's rules for humanlike AI interaction take effect, many users are bemoaning the loss of the virtual companions they had created on Chinese AI platforms — For days, 19-year old student Yan Yongqi has been consumed by grief over the imminent loss of her virtual boyfriend of more than a year.| Sean Hollister / The Verge: |
Court filing: Google says it is ready to add third-party app stores in Google Play in the US on July 22, as Google and Epic withdraw their joint motion — Get ready for rival app stores inside of Google Play. … Epic Games and Google have just jointly withdrawn their attempt … | Barbara Moens / Financial Times: |
Sources: the EU is set to fine Google hundreds of millions of euros over alleged self-preferencing of its services in Search and restrictions on app developers — Decisions will test whether the EU can police digital markets without reigniting tensions with Washington| Bernhard Warner / New York Times: |
Daniel Ek's Neko Health, which offers AI-based full-body scans, raised $700M co-led by Lightspeed and O.G. Venture Partners, sources say at a ~$7B valuation — The health tech start-up co-founded by Spotify's Daniel Ek is worth billions more after a new $700 million funding round.| Muvija M / Reuters: |
The UK government proposes a default overnight social media curfew for 16- and 17-year-olds and disabling features like autoplay and infinite scroll by default — Britain will introduce a default overnight curfew on social media apps for 16- and 17-year-olds, the government said … | Derek B. Johnson / CyberScoop: |
The Trump administration details its “Gold Eagle” federal clearinghouse for sharing AI cyber threat information between the government and the private sector — The White House said the clearinghouse has already started to receive intelligence on vulnerabilities and prioritize patches.| David Ingram / NBC News: |
OpenAI says Apple's claim that OpenAI “never responded” to its concerns is false; emails: OpenAI did respond, but an Apple lawyer mixed up two OpenAI employees — A lawyer for Apple apologized for mixing up two OpenAI employees with the names Wang and Chang.| Mark Gurman / Bloomberg: |
| Jess Weatherbed / The Verge: |
Samsung unveils a new Flex Titanium foldable display that is slimmer, more durable, and less prone to creasing, debuting in its upcoming Galaxy Z Fold 8 series — The Flex Titanium display tech is slim, strong, and reduces crease visibility.| Jagmeet Singh / TechCrunch: |
Indian AI coding startup Emergent raised a $130M Series C at a $1.5B post-money valuation, up from $300M in January, bringing its total funding raised to $230M — Indian AI coding startup Emergent has raised $130 million in a Series C funding round at a $1.5 billion post-money valuation, a five-fold jump in six months.| Meytal Vaizberg / Globes: |
Israel-based Hemispheric, whose AI model can analyze brain activity measured non-invasively and turn it into quantitative metrics for diagnoses, raised $52M — The Israeli company's AI model can analyze brain activity measured by non-invasive means and turn it into quantitative metrics designed … | Jiyoung Sohn / Wall Street Journal: |
Hyundai's South Korea auto workers have gone on a partial strike over wages, AI, and the prospect of the company deploying its new humanoid robot in factories — Auto workers for Hyundai Motor in South Korea are on a partial strike worried about their future job prospects| The Information: |
Sources: Apple is looking for chip companies to buy to boost its AI server chip efforts as it struggles with the performance of its servers running on M2 Ultra — Apple is on the lookout for acquisitions of chip companies to boost its efforts to build server chips for running AI, said people familiar with the company's efforts.| Lulu Yilun Chen / Bloomberg: |
Sources: DeepSeek has started planning for an IPO in China and may file as soon as this year, allowing it to debut in 2027 — Chinese AI pioneer DeepSeek has begun preparations for an initial public offering and may file as soon as this year, setting the stage for what could be a landmark debut for the country's technology industry.| Tamara Djurickovic / Tech.eu: |
Amsterdam-based Monumental, which develops autonomous robotics and software for the construction industry, raised a $32M Series B led by Khosla Ventures — Monumental develops autonomous construction robots and AI software to help builders address labour shortages and increase construction capacity.| Marina Temkin / TechCrunch: |
Sources: OpenAI researcher Miles Wang is leaving the company to launch an AI drug discovery startup, and is in talks to raise $200M at a $2B valuation — Miles Wang, an OpenAI researcher whose work includes using AI to accelerate scientific and biological discovery, is leaving the ChatGPT maker … | Wall Street Journal: |
The UAE gained broader US AI chip access after aiding the US in the Iran war, letting G42 buy freely for at least nine months; G42 plans to become a US company — Gulf state's main AI firm can freely buy the chips and has a plan to become a U.S. company — The United Arab Emirates … | Patrick Coffee / Wall Street Journal: |
How TikTok Shop sellers are using AI creators and AI twins to boost sales; eMarketer: US sales on TikTok Shop are expected to hit $23.4B in 2026, up 48% YoY — Brands issue warnings as more creators use avatars and duplicates of themselves to boost affiliate sales| Politico: |
How Anthropic is pursuing a state-by-state push for ever-tougher AI safety laws, in contrast with OpenAI's “reverse federalism” strategy for common state rules — SAN FRANCISCO — Artificial intelligence giant Anthropic is pursuing a strategy of one-upmanship that encourages states … | Lucinda Shen / Axios: |
Spectro Cloud, an AI infrastucture company helping manage token costs, raised a $100M Series D from AMD, LG, others at a $1B+ valuation, up from $750M in 2024 — Spectro Cloud, an AI infrastucture company helping manage token costs, raised $100 million at an over $1 billion valuation, the company tells Axios exclusively.
Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Stop vibe coding analytics — Equals AI turns questions about your business into auditable spreadsheet models and dashboards. Build once, iterate for years.
Simplifying benefits management in Zoho People — Let's consider a new hire on their first day of orientation. They receive a brief introduction to the benefits plans, and almost immediately, questions start to surface …
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
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| Paula Doenecke / Bloomberg: |
| Ivan Penn / New York Times: |
| MacKenzie Sigalos / CNBC: |