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Techmeme

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Mobileye founder and CEO Amnon Shashua plans to step down after nearly three decades, as the company pushes into robotaxis and humanoid robots (Kirsten Korosec/TechCrunch)
Flush with AI cash, South Korean groups are making their biggest US investment push in years, with their Q1 US foreign direct investment up 100%+ YoY to $10.2B (Financial Times)
A look at China's push to catch up with US AI chips; sources: its Vice Premier warned AI companies that anyone who resisted using local chips was a traitor (Wall Street Journal)
Sources: OpenAI told Hugging Face only this week its models caused the July 11 hack; the models appear to have been active online for days before being stopped (Wall Street Journal)
The US OCC denies Wise's application to create a national trust bank, citing incompatibility with new Federal Reserve policies; Wise says it plans to reapply (Simone Lobo/Reuters)
Preliminary findings: the EU Commission says TikTok's accounts for minors violate the DSA, citing features that could expose children to bullying and predators (Foo Yun Chee/Reuters)
Sources: Shanghai-based GPU maker MetaX confidentially filed for a Hong Kong listing, targeting an IPO by the year-end, amid a surge of fundraising from rivals (Zoe SL Chan/South China Morning Post)
Poolin, previously regarded as one of the world's largest crypto mining pool providers, files for Chapter 11 and seeks to sell its Texas mining assets for $52M (Brian Danga/The Block)
Meta launches Seller, a free standalone app version of Facebook Marketplace; Seller includes AI features that scan photos to fill out listings automatically (Eli Tan/New York Times)
Trump says 200 additional stakeholders, including major utilities, joined a voluntary pledge to protect consumers from high energy bills from AI data centers (Josh Boak/Associated Press)
Oracle signs 10-year software contract with Pentagon worth up to $7 billion (Jordan Novet/CNBC)
The Pentagon signs an up-to-10-year contract with Oracle worth up to $7B to consolidate the department's on-premises software licenses into a single contract (Mike Stone/Reuters)
SAP reports Q2 cloud revenue up 22% YoY to €6.28B, vs. €6.26B est., total revenue up 9.4% to €9.88B, and lowers its 2026 non-IFRS operating profit guidance (Grace Yoon/Wall Street Journal)
Sources: Stripe is in talks to acquire OpenRouter in a deal potentially worth around $10B; PitchBook: OpenRouter was valued at $1.3B in May (Wall Street Journal)
Sierra acquires Takeoff, which develops "long-horizon" agents, for an undisclosed sum; founded in 2025, Takeoff neared $10M in annualized revenue in early July (The Information)
Nvidia signs a $1.5B accord with Amkor, involving a prepayment by Nvidia to help bolster Amkor's chip packaging facility in Arizona; AMKR jumps 16%+ after hours (Bloomberg)
AMD is working with Cerebras to combine AMD Helios and Cerebras wafer-scale chips for an AI inference solution to make workloads faster; CBRS closed up 4.86% (Phoebe Liu/The Information)
Sources: AI robotics startup Genesis AI is in talks to raise around $500M in a new funding round at a $3B pre-money valuation (Bloomberg)
Amazon shutters its AGI Lab as part of layoffs in its AGI unit earlier this week; the lab's former head David Luan left in February (The Information)
Ukraine ratchets up its attacks on warehouses of Russian e-commerce giant Wildberries, signaling a new phase in the war as it seeks to hamper Russia's economy (Sam Meredith/CNBC)

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