Jordan Blum / Fortune:
How Trump's One Big Beautiful Bill, which Congress approved on July 3, could cost the US the AI race by handicapping efforts to meet data center power demands  —  America is facing an energy imperative: Grow power from all sources or face potential failure.

Ivan Mehta / TechCrunch:
Google rolls out its Veo 3 video generation model to Google's AI Pro subscribers in more than 159 countries, with a cap of three videos per day  —  Google on Thursday said it has begun rolling out its Veo 3 video generation model to Gemini users in more than 159 countries.

Lucinda Shen / Axios:
Founders Fund-backed Ondo Finance and Pantera Capital launch a $250M fund to invest in real-world asset tokenization projects via equity stakes and tokens  —  Founder's Fund-backed Ondo Finance and crypto investor Pantera Capital plan to invest $250 million in real-world asset projects …

Aaron Tilley / The Information:
Sources: in 2024, Apple explored a cloud service renting its own chips to developers; it spends ~$7B per year on renting Nvidia chips from AWS and Google  —  Apple over the past few years considered launching a business renting out its servers to the millions of developers that create apps …

Ashley Capoot / CNBC:
Ilya Sutskever becomes CEO of SSI, with co-founder Daniel Levy as president; the technical team will continue reporting to Sutskever  —  OpenAI co-founder Ilya Sutskever said he will assume the CEO role at Safe Superintelligence, the artificial intelligence startup he launched last year.