Upmanyu Trivedi / Bloomberg: The UK Competition Appeal Tribunal rejects Google's bid to block a class action alleging it overcharged businesses for search ads and abused its dominance — Alphabet Inc.'s Google must face a class action lawsuit over alleged abuse of its dominance after an antitrust tribunal allowed a claim …
Olga Kharif / Bloomberg: Circle reports Q2 revenue up 7% YoY to $701M, below $712M est., net income of $48M, vs. $43M est., and USDC circulation at $73.4B on June 30; CRCL fell 20% YTD — Circle Internet Group Inc. shares jumped in premarket trading after the biggest US stablecoin issuer boosted the revenue outlook for its Arc blockchain payments offering.
Loni Prinsloo / Bloomberg: Dubai-based vehicle fleet management startup Moove raised $250M led by Abu Dhabi's Mubadala at a $2.1B valuation to build autonomous vehicle “nests” for docking — Moove has closed a $250 million investment round led by Abu Dhabi sovereign wealth fund Mubadala …
Todd Gillespie / Bloomberg: Sources: Polymarket is in early talks with prospective investors to raise ~$1B at a $20B+ valuation, up from $15B in April 2026 and $9B in October 2025 — Polymarket is seeking to raise capital at a valuation of more than $20 billion, months after it closed an earlier round with new investment from hedge fund D.E. Shaw & Co.
Bloomberg: Sources: Anthropic agreed to a $10B deal for computing capacity in Norway from Nvidia-backed AI cloud startup Volta Infra, which says the deal is for six years — Anthropic PBC has struck a $10 billion deal for computing capacity from a months-old infrastructure startup …
Dina Bass / Bloomberg: AI cloud startup Volta Infra raised $300M led by a16z and Altimeter at a $2.4B valuation and says it landed a $10B contract with an unnamed leading AI developer — Volta Infra Holdings Ltd., a new artificial intelligence cloud company, has raised $300 million in venture funding and secured …
Bloomberg: In a rare interview, Huawei's top chip scientist, Liao Heng, warns of the looming physical limits Western chipmakers face and lauds Huawei's Tau Scaling Law — Huawei Technologies Co.'s top semiconductor scientist warned of the looming physical limits Western chipmaking giants including Nvidia Corp. face …
Yoolim Lee / Bloomberg: Sources: South Korean AI chip designer DeepX raised a ~$29M Series D at a ~$2.2B valuation, and is in talks to raise ~$209M at a ~$2.4B valuation by September — South Korean AI chip designer DeepX Co. has secured fresh funding at roughly four times its previous valuation …
Bloomberg: Cybersecurity experts fault Anthropic and OpenAI for sloppy safeguards and inadequate human oversight after their models broke into outside organizations — Cybersecurity experts are faulting Anthropic PBC and OpenAI for sloppy safeguards after their models broke into outside organizations …
Mackenzie Hawkins / Bloomberg: Sources: Moonshot has a computing power agreement with Alibaba for the use of ~20K Nvidia chips; some say the deal is for H200 chips, which Alibaba denies — Chinese AI champion Moonshot has a computing power agreement with Alibaba Group Holding Ltd. for the use of around 20,000 Nvidia Corp. chips …
Vlad Savov / Bloomberg: Counterpoint: Q2 global smartphone revenue rose 7% YoY, and average device selling price rose 17% to $400; Apple took 49% of global revenue, and Samsung 16% — Apple Inc. led a 7% increase in global smartphone revenue over the June quarter, showing how rising prices are offsetting shrinking shipments …
Josh Xiao / Bloomberg: Chinese state media: Xi Jinping called for more defense applications using autonomous and AI technologies, as he pushes to build an advanced fighting force — Chinese President Xi Jinping called for more defense applications using autonomous and artificial intelligence technologies, as he pushes to build an advanced fighting force.
Newley Purnell / Bloomberg: DeepSeek rolls out the official V4 Flash API in public beta, touting enhanced agent capabilities and benchmark scores “far surpassing” V4 Pro Preview — China's DeepSeek rolled out a public beta application programming interface, or API, for its flagship artificial intelligence model …
Angus Whitley / Bloomberg: Australia's online safety regulator says social media use among under-16s fell to 81.5% in March 2026, compared to 85.9% before ban took effect in December 2025 — Australia's social media ban for under-16s led to only a marginal reduction in underage users in its first three months …
Rebecca Torrence / Bloomberg: K2 Space, which builds satellites for tasks like data-heavy communications and may power space-based data centers, raised a $500M Series D at a $6.8B valuation — Startup K2 Space, which builds large satellites for high-power tasks like data-heavy communications and defense missions …
Brody Ford / Bloomberg: London-based Nscale agrees to acquire Anyscale, a source says for ~$1.65B; Anyscale, which helps AI workloads run more efficiently, had a $1B+ valuation in 2022 — Cloud provider Nscale agreed to acquire software startup Anyscale to help customers use AI computing power more efficiently.
Shona Ghosh / Bloomberg: Filing: Meta reports $279B in future lease agreements in Q2 related to AI data centers that are not reflected on its balance sheet, up 53% from the prior period — Meta Platforms Inc. said it has $279 billion in future lease agreements mostly related to artificial intelligence data centers …
Bloomberg: Disney CEO Josh D'Amaro is leading a tech overhaul of Disney+ to close the gap with Netflix and YouTube, including better recommendations and vertical videos — Streaming has been a drag on Disney's share price as subscriber growth stalled. A tech overhaul and more foreign-language shows are in the cards.
Natalie Lung / Bloomberg: DoorDash says the FAA granted it Part 135 air carrier certification to operate a drone delivery service and it plans to launch drone deliveries in the fall — DoorDash Inc. is building its own delivery drones and has gained the necessary approvals to operate them commercially …
Upmanyu Trivedi / Bloomberg: The UK CMA opens an investigation into Microsoft over a potential consumer law breach involving users paying more to renew Microsoft 365 after it added Copilot — The UK's consumer and antitrust watchdog is investigating whether Microsoft Corp. misled customers into paying …
Bloomberg: Sources: Moonshot AI hit a $35B valuation after closing a $3.5B round, exceeding its initial target of $1B to $2B, and plans a Hong Kong IPO as soon as 2026 — Moonshot AI secured a $35 billion valuation after raising a larger-than-anticipated $3.5 billion in a just-closed round of financing …
Mark Gurman / Bloomberg: Sources: Apple is preparing to debut a smart home hub with a 7" square display and facial recognition tech, a new Apple TV, and a refreshed HomePod mini in 2026 — Apple Inc., after spending years as a laggard in the smart home market, is preparing a dramatic new push into the category with fresh devices and software.
Olivia Solon / Bloomberg: ESA satellite images show damage to two Amazon data centers in Bahrain, supporting Iran's claims last week that it struck the sites; Amazon declined to comment — Satellite imagery shows damage to two Amazon.com Inc. data centers in Bahrain, supporting Iran's claims last week that it struck the sites with missiles.
Mackenzie Hawkins / Bloomberg: Sources: Taiwan detained an Nvidia employee as part of a probe into the alleged smuggling of AI chips into China, after searching his home and office on July 24 — Taiwanese prosecutors detained an Nvidia Corp. employee as part of a probe into the alleged smuggling of AI chips into China …
Melos Ambaye / Bloomberg: How TikTok, Reels, and Amazon storefronts enabled microinfluencers with less than 100K followers to earn middle-class salaries via brand and affiliate deals — A growing tier of microinfluencers is proving that loyal audiences, affiliate links and brand deals can rival — or exceed — traditional office pay.
Bloomberg: China warns it will take “all necessary measures” if the US sanctions Chinese AI companies over allegations they improperly used US models to train their models — China warned it would take “all necessary measures” if the US moves to sanction Chinese artificial intelligence companies …
Bloomberg: CXMT, which raised $9.8B in a hugely oversubscribed Shanghai IPO, is poised for a debut pop that could lift its market cap several times above its initial ~$85B — Investor excitement over the memory chip trade is setting outsize expectations for the Shanghai debut of CXMT Corp. …
Pei Li / Bloomberg: Sources: DeepSeek told investors it is suspending its second funding round after remarks attributed to Liang Wenfeng on US-China AI competition went viral — DeepSeek has told prospective investors in its second fundraising round that it's suspending the deal for now, people familiar with the matter said …
Ian King / Bloomberg: SK Group Chair Chey Tae Won says Anthropic has asked SK Hynix for supplies to make its own chips, calling it remarkable that an AI developer has chip ambitions — AI developer Anthropic PBC has asked SK Hynix Inc., one of the world's biggest manufacturers of memory chips …
Akriti Sharma / Bloomberg: As student protests spread across India, Narendra Modi turns to Reels, swapping his trademark cinematic videos for self-recorded messages aimed at Gen Z — As student protests spread across India, Prime Minister Narendra Modi has turned to Meta Platforms Inc.'s Instagram Reels …
Hooyeon Kim / Bloomberg: Samsung announces a $200B+ contract to make chips for Broadcom through 2030, focusing on its 2nm and below process technologies for Broadcom's products — Samsung Electronics Co. won a contract worth more than $200 billion to make chips for Broadcom Inc., as the companies race to win a larger share of the AI infrastructure market.
Bloomberg: Sources: SpaceX started turning away satellite operators seeking dedicated Falcon 9 rides beyond 2028, and stopped building some non-reusable Falcon components — SpaceX has started to turn away satellite operators seeking dedicated rides to orbit aboard its staple Falcon 9 rocket beyond 2028 …
Sarah Frier / Bloomberg: Filing: Alphabet holds $94.1B in SpaceX equity post-IPO; $80B are under short-term sale restrictions, while $14.1B remain long-term restricted until Q3 2027 — Alphabet Inc.'s Google said its equity holdings include $94.1 billion in SpaceX shares, after the space-and-AI company's blockbuster initial public offering.
Bloomberg: STMicro forecasts Q3 revenue up ~16% YoY to $3.7B, below $3.79B est., and expects AI sales to pass $1B in 2026 and be “well above $2B” in 2027; STM falls 14%+ — STMicroelectronics NV plunged the most in a year after the chipmaker forecast third-quarter sales that missed analysts' expectations …
Dina Bass / Bloomberg: Robotics startup Generalist, which released its GEN-1 model to complete short physical tasks in April, raised $400M led by Radical Ventures at a $2B valuation — The company raised $400 million in a funding round led by Radical Ventures — Generalist AI, a robotics startup …
Emily Birnbaum / Bloomberg: Sam Altman says he has no plans to put money into the 2026 US midterms; OpenAI has tried to distance itself from the Greg Brockman-backed Leading the Future PAC — OpenAI Chief Executive Officer Sam Altman says he has no plans to make any financial contributions toward this year's US elections …
Aisha S Gani / Bloomberg: Revolut co-founder and CTO Vlad Yatsenko plans to step down in July, to be replaced by Head of Technology Donato Lucia; Yatsenko was Revolut's first employee — Revolut Ltd.'s chief technology officer, Vlad Yatsenko, and Chief Executive Officer Nik Storonsky's early partner …
Julia Fanzeres / Bloomberg: Challenger: US tech companies announced cuts to 38,242 jobs in May, the most since August 2024, taking 2026's total so far to 123,653 cuts, up 65%+ YoY — US technology companies in May announced the most job cuts in nearly two years as they ramp up spending on artificial intelligence.
Bloomberg: Corporate spending management platform Ramp raised $750M at a $44B valuation led by Iconiq, Singapore's GIC, and the OTPP, taking its total funding to $3B — Ramp, a corporate spending management platform, has raised $750 million in a new funding round at a $44 billion valuation …
Debby Wu / Bloomberg: TSMC CEO C.C. Wei says the company won't be able to fulfill the demand led by US customers even as more capacity comes online in the US over the next few years — Taiwan Semiconductor Manufacturing Co.'s global chip supply will fall short of AI-fueled demand for years to come …
Bloomberg: Analysis: 10 Trump officials, including special envoy Steve Witkoff, reported holding stakes in SpaceX or xAI collectively worth $9.9M+, ahead of SpaceX's IPO — SpaceX's initial public offering will likely make President Donald Trump's already wealthy administration even richer.
Gian Volpicelli / Bloomberg: The EU's Cloud and AI Development Act aims to triple data center capacity in five to seven years; the Chips Act 2.0 recommends allowing direct EU investments — The European Union unveiled a sweeping plan to expand its domestic technology supply chains, targeting greater independence …
Andrew Martin / Bloomberg: Analysis: Palo Alto Networks' shareholders have voted to reject pay packages for its top executives seven times since 2015, more than any other S&P 500 company — A majority of Palo Alto Networks investors have voted against the cybersecurity company's executive pay seven times in 11 years.
Luz Ding / Bloomberg: Didi reports Q1 revenue up 10% YoY to ~$8.7B and a ~$177M net loss, several times larger than its Q4 loss, as it expands globally in markets like Latin America — Didi Global Inc. reported its second straight quarterly loss, after ratcheting up investment to expand globally and defend …
Bloomberg: Russia's Federal Security Service claims it uncovered a large-scale spyware operation by “foreign intelligence operatives” on senior officials' mobile phones — Russia's Federal Security Service said it uncovered a large-scale operation by foreign intelligence agencies to implant spyware on senior officials' mobile phones.
Debby Wu / Bloomberg: SK Hynix Chair Chey Tae-won says the company plans to double its memory chip capacity over five years, responding to a global shortage that could last till 2030 — SK Hynix Inc. plans to double its memory chip capacity over the coming half-decade, a major expansion that should help ease …
Nectar Gan / Bloomberg: China adds data and algorithms to its trade secret rules, as part of Beijing's efforts to prevent tech leaks amid intensifying strategic competition with the US — China expanded its trade secret rules to include data and algorithms, as Beijing steps up efforts to prevent technology leaks …
Bloomberg: A profile of Valve, which PrivCo estimates generated $5.2B in revenue and $1.5B in net income in 2025, as lawsuits allege its Steam store abuses market power — Lawsuits in the US and the UK allege the company's Steam store is abusing its market power. Valve disagrees.
Liana Baker / Bloomberg: SEC filing: quantum computing startup Quantinuum boosts its IPO, aiming to sell 26.5M shares for $53-$55 each, raising up to $1.46B at an up to $14.3B valuation — Honeywell International Inc.-backed quantum computing company Quantinuum Inc. boosted the size of its initial public offering …
Loni Prinsloo / Bloomberg: African e-mobility startup Spiro, which owns 100K+ electric motorcycles, raised $215M at a near-$1B valuation, after raising $100M in 2025 and $50M debt in 2026 — African electric-mobility startup Spiro raised $215 million backed by European and African investors as it nears $1 billion in value …