- China's transport, logistics, and ride-hailing sectors are accelerating the mass adoption of autonomous vehicles, threatening the jobs of millions of drivers (Edward White/Financial Times)
- How the AI Act became a case study for critics who say the EU puts regulation ahead of innovation, as the European Commission postpones a key part of the law (Financial Times)
- Google DeepMind hires former Boston Dynamics CTO Aaron Saunders as VP of hardware engineering, as Demis Hassabis envisions Gemini to become a sort of robot OS (Will Knight/Wired)
- Microsoft warns that Copilot Actions in Windows, now in beta and off by default, can infect devices and pilfer data, prompting concern from security researchers (Dan Goodin/Ars Technica)
- Filing: Nvidia says it plans to rent $26B worth of servers over the next six years, doubling the cloud spending commitments it disclosed three months ago (Anissa Gardizy/The Information)
- Shipments of AI servers from Taiwan to the US are set to double in 2025 vs. 2024, as Foxconn, Quanta, and Wistron ramp up production to meet demand (Hideaki Ryugen/Nikkei Asia)
- AI academic research hub alphaXiv, which lets users comment on, annotate, and discuss arXiv papers, raised a $7M seed co-led by Menlo Ventures and Haystack (Mike Wheatley/SiliconANGLE)
- Google opens an AI infrastructure hardware engineering hub in Taipei, its biggest outside of the US, to develop and test tech to be deployed in its data centers (Reuters)
- A US judge sentences William Lonergan Hill, a co-founder of crypto mixer Samourai Wallet, to four years in prison for laundering $200M+ in illegal transactions (Miles J. Herszenhorn/Bloomberg)
- Function Health, a health tracking tech company, raised a $298M Series B led by Redpoint Ventures at a $2.5B valuation, bringing its total funding to $350M (Kate Park/TechCrunch)
- Gloo, which develops AI tools for Christian churches and counts Pat Gelsinger as executive chair, closed up 1% in its Nasdaq debut after raising $73M in its IPO (George Steer/Financial Times)
- Sources: UMG, WMG, and Sony Music have licensed their works to Klay, which is building a streaming service that will let users remake songs using AI tools (Lucas Shaw/Bloomberg)
- Lenovo reports Q2 revenue up 15% YoY to $20.45B, vs. $20B est., net profit down 5% to $340M, vs. $382M est., but adjusted net profit up 25% to $512M (P.R. Venkat/Wall Street Journal)
- Palo Alto Networks reports Q1 revenue up 16% YoY to $2.47B, vs. $2.46B est., forecasts Q2 revenue in line with est., and agrees to buy Chronosphere for $3.35B (Samantha Subin/CNBC)
- Block expects gross profit to increase in the mid-teens YoY through 2028, reaching ~$15.8B, with adjusted operating income growing ~30% YoY; XYZ closed up 7.56% (MacKenzie Sigalos/CNBC)