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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 -
Reuters: The new AI Action Plan, which includes some 90 recommendations, aims to loosen environmental rules and vastly expand AI software and hardware exports to allies -
Financial Times: Analysis: in H1 2025, 500+ orgs lobbied the White House and Congress on AI, on par with H1 2024 but up ~2x since 2023; OpenAI spent $1.8M, up from $380K in 2023 -
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 -
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 -
Google DeepMind: Google DeepMind unveils Aeneas, an AI model for contextualizing ancient Latin inscriptions, to help historians interpret, attribute, and restore text fragments -
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%+ after hours -
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 -
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 -
Muvija M / Reuters: The UK CMA proposes giving Apple and Google “strategic market status” in mobile platforms after its investigation identifies “opportunities for more innovation” -
Natalie Lung / Bloomberg: Uber plans to launch a pilot ride type that matches female riders and drivers in LA, San Francisco, and Detroit over the next few weeks, called “Women Drivers” -
Zach Vallese / CNBC: Meta introduces new safety features for teens, including enhanced DM protections, and removed 600K+ Instagram and Facebook accounts linked to predatory behavior -
Cade Metz / New York Times: Meta debuts a prototype wristband to read electrical signals from forearm muscles, letting users control devices without touch, trained on 10K peoples' EMG data -
Bill Toulas / BleepingComputer: Ukraine arrests the suspected administrator of Russian-speaking hacking forum XSS.is at the Paris public prosecutor's request, with help from France and Europol -
Samantha Kelly / Bloomberg: Apple launches AppleCare One, an insurance plan that covers up to three devices for $20 per month, including battery replacements, accidental damage, and more -
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., and expects sustained HBM demand in 2025 -
Joseph Cox / 404 Media: A hacker claims to have compromised Amazon's Q coding assistant for VS Code via a GitHub pull request; Amazon says “no customer resources were impacted” -
Financial Times: Amazon shuts down its AWS Shanghai AI research lab, following similar moves by Microsoft, IBM, and other US tech companies to scale back China-based R&D efforts -
Financial Times: Sources: McKinsey has stopped its China business from undertaking consultancy work related to generative AI, a move prompted by Washington's growing scrutiny