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Emerald AI, whose software lets AI data centers flexibly adjust power consumption, raised a $24.5M seed led by Radical Ventures, with NVentures participating (Ben Geman/Axios)
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Tel Aviv-based Qedma, which is developing error mitigation software for quantum computers called QESEM, raised a $26M Series A led by Glilot Capital Partners (Anna Heim/TechCrunch)
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LumApps, which makes intranet software, agrees to merge with frontline staff communication app Beekeeper in a deal valuing the combined entity at about $1.1B (Reuters)
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PitchBook: AI startups received 53% of all global VC dollars invested in H1 2025, rising to 64% in the US, and accounted for 29% of all global startups funded (Dan Primack/Axios)
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President Trump signs the One Big Beautiful Bill, which allows immediate deduction of US software labor; foreign R&D still must be amortized over 15 years (KBKG)
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UK minister instructs the Turing AI institute, which has lately focused on responsible AI and ethics, to prioritize national security and defense instead (Joshua Nevett/BBC)
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Sources: Nvidia's deal to buy CentML, which offers tools to optimize the running of AI models on chips, could exceed $400M; CentML raised a $27M seed in 2023 (Murad Hemmadi/The Logic)
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Doc: UK's Independent Publishers Alliance files an antitrust complaint with EU and the UK CMA against Google, alleging misuse of web content for AI Overviews (Foo Yun Chee/Reuters)
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Sam Altman says he believes in "techno-capitalism" and is "politically homeless" as Democrats no longer encourage a "culture of innovation and entrepreneurship" (Salvador Rodriguez/CNBC)
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Sources: the Trump administration plans to curb AI chip shipments to Malaysia and Thailand, as part of an effort to crack down on suspected smuggling into China (Mackenzie Hawkins/Bloomberg)
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Sources: Google plans to propose a price comparison box at the top of search results in the EU, featuring ranked options from competitors, to avoid DMA fines (Gian Volpicelli/Bloomberg)
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The European Commission says it won't pause the rollout of its AI Act, after Alphabet, Meta, Mistral, ASML, and others urged the EU to delay the rules by years (Foo Yun Chee/Reuters)
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Sources: TSMC delays the construction of its second plant in Japan, initially slated for early 2025, to invest in US expansion ahead of potential Trump tariffs (Yang Jie/Wall Street Journal)
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As companies like SpaceX, Stripe, and OpenAI stay private longer, tokenized stocks on blockchains offer a way for the public to access lucrative private markets (Matt Levine/Bloomberg)
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A look at Scattered Spider, a group of mostly young UK and US hackers using targeted social engineering to gain access to company networks and deploy ransomware (Wired)
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Meta says it backs proposals for an EU-wide age of digital adulthood, below which minors would need parental consent to use social media, calling it "effective" (Brian O'Donovan/RTÉ)
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Tel Aviv-based Wonderful, which develops customer support AI agents for businesses in non-English speaking countries, raised a $34M seed led by Index Ventures (Yuliya Chernova/Wall Street Journal)
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Sources: Samsung is delaying the completion of its Texas fab due to a lack of customers; the plant was meant to come online in 2024, but has been pushed to 2026 (Nikkei Asia)
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FOIA docs: the Trump administration claimed broad authority to nullify laws in letters to tech firms releasing them of legal liability related to the TikTok ban (Charlie Savage/New York Times)
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Counterpoint Research: iPhone sales in China grew 8% YoY in Q2 2025, boosted by discounts, the first time Apple has recorded growth in China since Q2 2023 (Arjun Kharpal/CNBC)
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