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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)
CarbonSix, which is developing AI automation and robotic intelligence tech for manufacturing, raised a $40M Series A co-led by DSC Investment and LB Investment (FinSMEs)
UK lawyers say the tide of AI-assisted employment claims is straining an already overloaded employment tribunal system, whose backlog has doubled in two years (Delphine Strauss/Financial Times)
Nansen: about two-thirds of Trump's memecoin investors are currently in the red, and 85% of World Liberty's $WLFI buyers on the secondary market are underwater (Wall Street Journal)
Cybersecurity company Aikido Security acquires Root, which has raised about $37.6M and develops an AI platform for securing open-source components (Duncan Riley/SiliconANGLE)
MDOTM, which makes AI software for asset and wealth managers, raised $27M led by Expedition Growth Capital, bringing its total funding to $36.5M (Ryan Lawler/Axios)
Filings: Microsoft's Ireland hub generated $47B in pretax profits for FY 2025, or 38.1% of its global total; new EU rules require country-by-country reporting (Wall Street Journal)
Google launches Nano Banana 2 Lite, a low cost text-to-image model that delivers outputs in four seconds, and rolls out Gemini Omni Flash to developers (The Keyword)
SCOTUS agrees to hear Apple's appeal of a 2025 contempt ruling in its Epic case after a district judge found Apple violated an order to make App Store changes (Mike Scarcella/Reuters)
Schneider Electric agrees to buy industrial AI company Cognite in a $3.1B all-cash deal, and plans to combine Cognite with its industrial software company Aveva (Frank Connelly/Bloomberg)
Visa, Mastercard, Stripe, BlackRock, Coinbase, and 140+ companies join Open Standard to launch Open USD, a stablecoin that shares earnings from its reserves (Kyle Baird/The Block)
Ottawa-based Dominion Dynamics, which is building software, sensors, and drones to autonomously monitor the Arctic, raised a CA$139M Series A led by Georgian (Josh Scott/BetaKit)
Anthropic launches Claude Science, an AI workbench that uses existing Claude models like Opus 4.8 to integrate 60+ scientific databases and specialized toolkits (Rebecca Bellan/TechCrunch)

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