• 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

• Sponsor Post IDrive: Protecting your Cloud Applications Data   —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

• 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%+

• Sponsor Post F5: F5's 2025 AI Strategy Report   —  Only 2% of Enterprises Are Fully AI-Ready.  Most face security gaps like weak data governance and lack of AI firewalls, stalling adoption and innovation.  What is your readiness to scale AI?

• 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

• 16 minutes ago Russell Brandom / TechCrunch: The Laude Institute, a nonprofit that runs the K Prize multi-round AI coding challenge, says a Brazilian prompt engineer won with just 7.5% of the right answers

• New Financial Times: Interviews with 12+ Tesla, Waymo, and Zoox executives and others show the challenges facing US robotaxis; Waymo operates 250K+ rides per week in five US cities

• 16 minutes ago Russell Brandom / TechCrunch: The Laude Institute, a nonprofit that runs the K Prize multi-round AI coding challenge, says a Brazilian prompt engineer won with just 7.5% of the right answers

• Sponsor Post Google: Generate videos with Veo 3 in Google Gemini   —  Create high-quality, 8-second videos with Veo 3, our state-of-the-art AI video generator.  Try it with a Google AI Pro plan or get the highest access with the Ultra plan.

• 31 minutes ago Bloomberg: AMD CEO Lisa Su says she expects TSMC's Arizona-made chips to cost “more than 5% but less than 20%” above TSMC's Taiwan-made chips, and to arrive by 2025's end

• 46 minutes ago Bethan Staton / Financial Times: Pinterest is increasingly filled with AI interior design images, often featuring unrealistic or impossible details, complicating users' search for inspiration

• 55 minutes ago 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”

• 66 minutes ago 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+

• 2 hours ago Iain Martin / Forbes: A profile of Swedish AI coding startup Lovable, which became the fastest-growing software startup ever, reaching $100M+ in annualized revenue in eight months

• 2 hours ago Kate Krader / Bloomberg: YouTube has become a valuable resource for professional chefs and, in recent years, has helped skilled amateurs build culinary reputations and open restaurants

• Sponsor Post F5: F5's 2025 AI Strategy Report   —  Only 2% of Enterprises Are Fully AI-Ready.  Most face security gaps like weak data governance and lack of AI firewalls, stalling adoption and innovation.  What is your readiness to scale AI?

• 3 hours ago 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

• 3½ hours ago 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

• 3½ hours ago Nathan Vifflin / Reuters: STMicro reports Q2 revenue down 14.4% YoY to $2.77B, with an operating loss of $133M, vs. $56.2M profit est., including $190M in impairment and other costs

• 3½ hours ago 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

• 4 hours ago Ryan Browne / CNBC: London-based stock trading app Lightyear, which operates in 25 countries, raised a $23M Series B led by NordicNinja, sources say at a $200M to $300M valuation

• 4½ hours ago Bloomberg: Sources: Adani Group has shelved plans for a consumer super app amid losses and internal turmoil, as Reliance and Tata also struggle to scale their platforms

• 5 hours ago Ling Xin / South China Morning Post: China's Qianfan, the third largest satellite broadband constellation with 90 operational satellites, remains far short of its goal of 648 by the end of 2025

• 5 hours ago Bloomberg: Tether CEO Paolo Ardoino says the USDT issuer is making plans to do business in the US after the passage of Genius Act, with a focus on institutional markets

• 7 hours ago 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

• 8 hours ago 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