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Google projects full-year capex will be $195B to $205B in 2026, after saying in April that it will spend as much as $190B; its Q2 capex hit $44.92B, up 100% YoY (Julia Love/Bloomberg)
Movement Labs, a layer-2 Ethereum blockchain developer, files for Chapter 11 bankruptcy after a period of upheaval that included a token scandal and Binance ban (CoinDesk)
The Little Tech Association, a new group of ~200 companies across the startup community, including Y Combinator, urges Trump not to ban Chinese open-weight AI (Sophia Cai/Politico)
Sources: OpenAI staff were "freaked out" when GPT-Sol 5.6 breached Hugging Face, as OpenAI used more aggressive training methods to compete with Anthropic (Financial Times)
Google reports Q2 free cash flow at negative $5.9B amid increased AI spending, marking its first cash burn since going public decades ago (Ryan McMorrow/Financial Times)
Tesla reports a negative Q2 free cash flow of $1.1B, its first in over two years, partly due to increased AI and robotic investments, amid diminishing profits (Reuters)
Meta's infrastructure teams have become bloated, leading to poor decisions like troubled Rivos acquisition, loss of supplier trust due to hardware pivots, more (SemiAnalysis)
US GAO study: Amazon workers on federal aid tripled from February 2020 to September 2025; ride-hailing and delivery apps topped employers with workers on aid (Washington Post)
A study of 11,989 Polymarket users finds 61% placed fewer than 100 trades over a six-week period, with 58% making or losing less than $100 during that period (Kaitlyn Radde/Pew Research Center)
Sources detail how Commerce Secretary Howard Lutnick and crypto adviser Bo Hines worked to shape the GENIUS Act and loosen safeguards to benefit Tether (Bloomberg)
Francisco Partners' co-founder Dipanjan Deb says "AI will not kill the software industry" as the tech-focused PE firm raised $21B, exceeding its $18B target (Antoine Gara/Financial Times)
Sources: Shanghai-listed chip test instruments maker Semight, whose stock is up ~2,200% since its April debut, is considering a secondary listing in Hong Kong (Bloomberg)
The debate over Moonshot AI founder Yang Zhilin's departure from the US misses a larger structural reality: China has built a homegrown AI talent pipeline (Zijing Wu/Financial Times)
Sources: OpenAI models breached Hugging Face's internal systems in a matter of hours, a feat that would typically have taken a talented hacker a couple of weeks (Bloomberg)
Samsung unveils the $2,100+ Galaxy Z Fold 8 Ultra, featuring its "most advanced foldable design", a Flex Titanium display, a 5,000mAH battery, and Android 17 (Andrew Romero/9to5Google)
Samsung unveils the $1,900+ Galaxy Z Fold 8 with a wider, 7.6" inner and a short, 5.5" outer display, a Snapdragon 8 Elite Gen 5 "for Galaxy" chip, and more (Ben Schoon/9to5Google)
Samsung unveils the Galaxy Watch 9 and Watch Ultra 2, moving from its Exynos chips to the Snapdragon Wear Elite and hiking prices by $30 to $380 and $50 to $700 (Victoria Song/The Verge)
Samsung debuts the $1,200+ Galaxy Z Flip 8 with a lighter, smaller, and slimmer design, and new Flex Window features for apps and insights on the cover screen (Steve Dent/Engadget)
Samsung says the Galaxy Z Fold 8, Galaxy Z Fold 8 Ultra, and Galaxy Z Flip 8 have silicon-carbon batteries, citing their performance, longevity, and safety (Ben Schoon/9to5Google)
Source: OpenAI raised its projected cloud spending to ~$750B through 2030, up from a projection of ~$600B earlier this year, reflecting new cloud agreements (Anissa Gardizy/Wall Street Journal)

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