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Alphabet: Alphabet reports Q2 revenue up 14% YoY to $96.43B, vs. $94B est., net income up 19% to $28.2B, operating income up 14% to $31.27B, and Services revenue up 12% -
Matthew Keys / TheDesk.net: Alphabet reports YouTube's Q2 ad revenue rose 13% YoY to $9.8B, vs. $9.56B est., and Google's advertising revenue reached $71.3B, up from $64.6B a year ago — Key Points: -
Sarah Perez / TechCrunch: Sundar Pichai says the Gemini app has 450M+ MAUs, with daily requests up 50%+ from Q1, AI Overviews has 2B+ MAUs, and AI Mode has 100M+ MAUs in the US and India -
Jennifer Elias / CNBC: Alphabet reports Google Cloud Q2 revenue up 32% YoY to $13.62B, vs. $13.11B est., and raises its 2025 capex forecast to $85B, after in February projecting $75B -
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Bloomberg: The White House unveils the AI Action Plan, seeking to have tech dominance over China, including proposals to revamp permitting for AI infrastructure projects -
Financial Times: The Trump administration plans to vet AI models for “ideological bias” and limit government contracts to tech companies whose models offer “objective truth” -
Deadline: At an All-In Podcast summit, President Trump said forcing AI firms to pay for each copyrighted work is “not doable”, calling for “common sense” AI and IP rules -
Annmarie Hordern / Bloomberg: At an AI summit, President Trump says he considered breaking up Nvidia before aides told him that doing so was “very hard” and “I learned the facts here” -
Reuters: Trump's new AI Action Plan, which includes ~90 recommendations, aims to loosen environmental rules and vastly expand AI software and hardware exports to allies -
Emma Roth / The Verge: T-Mobile's Starlink-powered satellite service T-Satellite is now generally available as a standalone subscription for US users, not just T-Mobile customers -
Abner Li / 9to5Google: Google adds new features to Google Photos, including a Veo 2-powered photo-to-video tool and a Remix tool that applies styles like anime and sketches to photos -
Aisha Malik / TechCrunch: YouTube gives Shorts creators access to new generative AI features powered by Veo 2, such as new AI effects and a tool that turns photos into six-second videos -
Dominic Preston / The Verge: The Wireless Power Consortium launches faster Qi2 25W wireless charging, with “major Android smartphones” finally adopting the standard alongside the iPhone -
Google DeepMind: Google DeepMind unveils Aeneas, an AI model for contextualizing ancient Latin inscriptions, to help historians interpret, attribute, and restore text fragments -
Raphael Satter / Reuters: Microsoft says the “Storm-2603” group is now deploying ransomware via vulnerable SharePoint server versions, as the estimated number of victims hits 400+ -
Ryan Gallagher / Bloomberg: Eye Security: hackers have breached ~400 government agencies, corporations, and other groups via a Microsoft SharePoint flaw, up from an estimated 60 on July 22 -
IGN: Circana: Nintendo Switch 2 is the fastest-selling video game device in US history, with 1.6M units sold in June, topping the PS4's 1.1M units in November 2013 -
Sarah Owermohle / CNN: Sources: the US FDA's AI tool Elsa has fabricated nonexistent studies, misrepresented research, and cannot access relevant documents to assist with review work -
Hugh Son / CNBC: Goldman Sachs and BNY partner to let institutional investors purchase tokenized money market funds, with ownership recorded on Goldman's blockchain platform -
Brody Ford / Bloomberg: IBM reports Q2 revenue up 8% YoY to $16.98B, vs. $16.59B est., and software revenue up 10% YoY to $7.39B, vs. $7.49B est.; IBM drops 5%+ -
Dylan Butts / CNBC: SK Hynix reports Q2 revenue up 35% YoY to ~$16.2B, vs. ~$14.9B est., operating profit up 68% to ~$6.7B, vs. ~$6.5B est., expects sustained HBM demand in 2025 -
Emanuel Maiberg / 404 Media: Google's AI Overviews, which a recent Pew study shows reduce clickthrough rates, are further eroding traffic to original publishers by linking to aggregators -
Samuel Stolton / Bloomberg: The CISPE files a legal complaint in the EU, arguing that it approving Broadcom's $61B VMware buyout failed to impose conditions to prevent market power abuse -
Samantha Subin / CNBC: ServiceNow reports Q2 revenue up 22.5% YoY to $3.22B, vs. $3.12B est., and net income up 47% YoY to $385M, fueled by AI growth; NOW jumps 7%+ -
Wataru Suzuki / Nikkei Asia: Gamma Data: China's female-oriented gaming market surged 124% YoY to $1B in 2024, driven by mobile game Love and Deepspace, which earned $400M, per Sensor Tower