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SoftBank and its telecom unit launch SB Neo to offer AI chips and cloud services to big companies, aiming to provide 10GW of capacity in the US by around 2030 (Min-Jeong Lee/Bloomberg)
Sam Altman proposes a "US-led international forum" to establish AI standards, provide analysis of capabilities and risks, and make AI models available to allies (Sam Altman/Financial Times)
Microsoft invests $2.5B and forms a new company that will embed 6,000 staff with customers to design, deploy, and improve AI systems based on business outcomes (Todd Bishop/GeekWire)
Global VC funding hit a record $510B in H1 2026, with OpenAI and Anthropic accounting for $217B, or 43% of the total; in Q2, VCs put $205B into 5,000+ startups (Gené Teare/Crunchbase News)
Sources: Anthropic has initiated early-stage development of a custom AI server chip and held preliminary discussions with Samsung about manufacturing the chip (Qianer Liu/The Information)
Kling AI, the Kuaishou AI video generator spin-off, raised $2B at a $15B pre-money valuation and says the round could extend to as much as $3B (Zheping Huang/Bloomberg)
Sources: Palmer Luckey's Erebor Bank is in talks to raise money at an $8B+ valuation, up from $4.35B in 2025; its deposits grew from $1.1B in March to $4B now (Bloomberg)
Emails disclosed in a court filing detail the uneasy back-and-forth between Dario Amodei and DOD's Emil Michael and how Anthropic's relationship with DOD soured (Wall Street Journal)
Bending Spoons, which owns Vimeo and AOL, closed up 40% in its US market debut on Wednesday at a $25.7B valuation, after raising $1.68B in its IPO (Bloomberg)
Sources: the White House is in advanced talks with AI companies on voluntary standards and release timelines for new models to be announced as soon as next week (George Hammond/Financial Times)
Amazon's emissions rose 16%+ YoY in 2025, driven by data center construction and delivery fuel, while Google's "ambition-based" emissions jumped 18% YoY in 2025 (Bloomberg)
India-based short video app ShareChat's parent company Mohalla Tech plans to raise up to $400M in an IPO in 2027; ShareChat has ~65M micro-drama viewers monthly (Sankalp Phartiyal/Bloomberg)
X launches Live Studio, an updated livestreaming hub within Creator Studio with a simplified desktop setup, chat control options, custom thumbnails, and more (Andrew Hutchinson/Social Media Today)
Sources: Apple is in negotiations to buy chips from CXMT and YMTC, two Chinese semiconductor makers on a Pentagon blacklist, for use in devices sold in China (Bloomberg)
Sources: Apple has told suppliers to prepare to produce ~10M foldable iPhones in 2026, up from 7M-8M previously, and 80M iPhones in total across new models (Nikkei Asia)
Sources: data center operator Switch seeks a ~$2B funding round valuing the company at ~$50B, including debt, led by a $400M investment from Andreessen Horowitz (Bloomberg)
Sources: OpenAI has discussed giving a 5% stake to the US government as the company seeks to clear political obstacles by securing buy-in from the Trump admin (Financial Times)
Nvidia promises to financially backstop young cloud providers like Firmus that rent out its AI chips, in exchange for a revenue share through a new program (Phoebe Liu/The Information)
An EU draft proposal dated June 30 shows the bloc is weighing weaker climate impact rules for gas-powered data centers, after heavy lobbying from tech groups (Financial Times)
Indian IT company Persistent Systems offers to acquire its Germany-based peer Nagarro for $1.45B; Indian IT companies are ramping up M&A as AI reshapes growth (Sayan Chakraborty/Nikkei Asia)

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