Zijing Wu / Financial Times:
Sources: Huawei expects AI chip revenue to hit ~$12B in 2026, up 60% from $7.5B in 2025, as orders for its Ascend 950PR chip surge and Nvidia stalls in China  —  Chinese tech companies place large orders for the Shenzhen-based group's latest range of AI processors

Wired:
Musk v. Altman: OpenAI lawyers claim Shivon Zilis, a longtime Musk employee and mother to four of his children, acted as a covert liaison between him and OpenAI  —  Messages presented at trial reveal how Zilis, the mother of four of Musk's children, acted as an intermediary between him and OpenAI.

Jasmine Sun / New York Times:
The persistent notion that AI disruption could create a permanent underclass signals how much collateral damage AI companies might tolerate in pursuit of AGI  —  Most people I know in the A.I. industry think the median person is screwed, and they have no idea what to do about it.

Jason Beeferman / Politico:
Sens. Kirsten Gillibrand and Dave McCormick introduce a bill banning members of the legislative and executive branches from trading on prediction markets  —  The bill comes two days after a U.S. soldier was arraigned in federal court on charges he used insider knowledge of the military's plans …

Mark Gurman / Bloomberg:
Apple forecasts Q3 revenue above estimates and reports Q2 results above projections in China but below expectations in the Americas and Europe regions  —  Apple Inc. delivered a surprisingly strong revenue forecast for the third quarter, even as it warned that memory-chip costs will increase …