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Taiwan indicts a former TSMC executive for allegedly stealing trade secrets, in what authorities say is the first National Security Act case involving China (Cheng Ting-Fang/Nikkei Asia)
X relaunches its Android app after a year-long rewrite from scratch; Nikita Bier calls it "one of the largest engineering projects" in the company's history (Sarah Perez/TechCrunch)
Snap reaches a deal to settle the second case set for trial over social media harm to minors, following TikTok and YouTube, leaving Meta as the only defendant (Bloomberg)
Source: Ancestry.com pitches a risky $1.75B term loan at 4 to 4.25 percentage points above the benchmark to refinance debt from its 2020 Blackstone acquisition (Bloomberg)
Judge approves Anthropic's $1.5B settlement with authors, the first major US case of its kind to settle; some authors opted out and have other ongoing lawsuits (Blake Brittain/Reuters)
Samsung debuts Samsung Galaxy Card, its first-ever US credit card, a Visa from Barclays; it offers 5% rewards for purchases directly from Samsung (John Velasco/Tom's Guide)
Researchers found sandbox escapes or boundary bypasses in Cursor, Codex, Gemini CLI, and Antigravity by writing files trusted tools later use; most are patched (Ax Sharma/BleepingComputer)
Google's AI Search is endangering the open web; Cloudflare: between June 2025 and April 2026, human traffic to sites of businesses in many industries fell ~40% (Kate Conger/New York Times)
South Korean customs data: for the first 20 days of July, the country's chip exports rose 180% YoY to $22.1B, and computer-related product shipments rose ~232% (Heesu Lee/Bloomberg)
Study: off-balance sheet debt at Alphabet, Microsoft, Amazon, Meta, and Oracle grew an est. ~8x since 2022 to ~$1.65T, eclipsing ~$1.35T in balance sheet debt (Kohei Yamada/Nikkei Asia)
Singapore-based Ant International, a payments company which spun out of Ant Group in 2024, raised $1.2B from investors including Ant Group and Alibaba (Reuters)
Sony Music files a second copyright suit against Udio, alleging the AI music company copied 30,117 recordings without permission to train its AI models (Murray Stassen/Music Business Worldwide)
GitHub says individuals and orgs have invested $100M+ in open source maintainers and projects via GitHub Sponsors since 2019, with $10M in the past five months (Stephanie Lincoln/The GitHub Blog)
Sources: Google is developing a specialized server chip, informally dubbed "Frozen v2", that integrates its Gemini AI model blueprint into the silicon, for 2028 (The Information)
AMD plans to ship Helios, its first rack-scale AI system to rival Nvidia, later in 2026 to Microsoft, Meta, OpenAI, and others; Helios costs an estimated $5M+ (Katie Tarasov/CNBC)
UK government data: ~35% of UK businesses with 10+ staff use AI, up from 12% in September 2023, and the average number of AI tools grew from 1.4 in 2023 to 1.6 (Delphine Strauss/Financial Times)
Sensor Tower: the number of new apps released in Apple's App Store doubled to ~560K in H1, vs. the ~600K added in all of 2025, as vibecoded apps flood the store (Kalley Huang/New York Times)
Chinese open models are proper competition that should be welcomed, not something to ban or treat as a danger, and open-sourcing is an old business strategy (Bill Gurley/Washington Post)
Billionaire-backed Building A Better California reserves $87M in TV ad time to oppose California's proposed one-time wealth tax; Sergey Brin put $82M into BABC (New York Times)
Source: Tencent is in talks to acquire Israeli game developer SuperPlay in a deal valuing SuperPlay at $1B-$1.5B; Playtika acquired SuperPlay in 2024 for $690M (Golan Hazani/CTech)

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