Techmeme
July 23, 2026, 1:15 AM

Top News

Alphabet:
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  —  MOUNTAIN VIEW, Calif. - July 22, 2026 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2026.
Ryan McMorrow / Financial Times:
Google reports Q2 free cash flow at negative $5.9B amid increased AI spending, marking its first cash burn since going public decades ago  —  Search giant says it will commit up to $205bn to AI investments in 2026  —  Google burned through cash in the second quarter for the first time since …
Todd Spangler / Variety:
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  —  Video giant YouTube, one of the world's biggest entertainment businesses, continues to turn in double-digit increases in ad revenue.
Director Michael Kratsios / @mkratsios47:
White House OSTP Director Michael Kratsios says “we have information that Moonshot AI distilled Anthropic's Fable for the development of its K3 model”  —  We have information that Moonshot AI distilled Anthropic's Fable for the development of its K3 model. To do this they developed a sophisticated internal platform to conduct large scale distillation against U.S. models, allowing them to quickly switch between multiple methods of
Jordan Novet / CNBC:
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  —  IBM on Wednesday lowered its 2026 forecast and delivered thinner quarterly profits than analysts had projected …
Andrew Romero / 9to5Google:
David Imel / The Verge:
Dominic Preston / The Verge:
Wall Street Journal:
AMD and Anthropic sign a server deal for tens of billions; Anthropic will buy up to 2GW of MI450 chips from H1 2027, and AMD will invest up to $5B in Anthropic  —  The 2-gigawatt deal covers tens of billions of dollars' worth of chips, as AMD plans to invest up to $5 billion in Anthropic
Shakeel Hashim / Transformer:
Mark Gurman / Bloomberg:
Sources: Apple is set to debut new versions of every Mac, including long-awaited iMac updates, a revamped MacBook Pro, and a new Neo, across the fall and 2027  —  Apple Inc. is readying an overhaul of its Mac line, seeking to capitalize on demand for powerful laptops and desktops fueled by the artificial intelligence boom.
Sean O'Kane / TechCrunch:
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  —  Travis Kalanick's robotics company, Atoms, has raised $1.7 billion in a funding round led by Andreessen Horowitz.
Chris Welch / Bloomberg:
Samsung teases its smart glasses, developed with Google, Warby Parker, and Gentle Monster, and says they will have a nine-hour battery life and privacy features  —  Samsung Electronics Co. showcased the smart glasses it developed in partnership with Alphabet Inc.'s Google …
Reuters:
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  —  Tesla (TSLA.O) on Wednesday missed analysts' profit forecasts for the second quarter and, for the first time in more than two years …
Jez Corden / Windows Central:
Xbox expands its backward compatibility program to PC, starting with four classic original Xbox games, offering 4X resolution scaling, V-Sync support, and more  —  Conker, Crimson Skies, Fuzion Frenzy, and Blinx head to Xbox PC for the first time, complete with Xbox achievements, and more are on the way.
Washington Post:
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  —  Amazon workers on federal aid nearly tripled between 2020 and 2025, while ride-hailing and food delivery app drivers shot …
Business Insider:
OpenAI introduces OpenAI Presence to help companies better connect AI agents to their internal systems and automate customer support, sales, and other tasks  —  OpenAI is launching a new product that could help the company take another step beyond the ultra-competitive business of making AI models.
Antoine Gara / Financial Times:
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  —  Francisco Partners co-founder Dipanjan ‘DJ’ Deb says AI will not kill software sector as firm raises $21bn
Bloomberg:
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  —  Semight Instruments Co. is considering a second listing in Hong Kong, people familiar with the matter said …
Dina Bass / Bloomberg:
OpenAI plans to spend $30B+ on a massive new data center in Georgia, securing 3.2GW of energy, with several hundred MWs set to come online starting in 2028  —  OpenAI plans to spend tens of billions of dollars on a massive new data center near Savannah, Georgia as part of the ChatGPT maker's push …

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