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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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Daniel Gross leaves Safe Superintelligence, the AI startup he co-founded with Ilya Sutskever, to join Meta's new superintelligence lab and work on AI products (Bloomberg)
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Sources: Meta offers to buy up to 49% of Nat Friedman and Daniel Gross' VC firm NFDG, which has invested about half of its first fund of ~$1.1B, raised in 2023 (Yuliya Chernova/Wall Street Journal)
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London-based Hived, which offers an AI-based logistics and parcel delivery service purpose-built for ecommerce, raised a $42M Series B led by NordicNinja (Kyt Dotson/SiliconANGLE)
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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 (Jordan Blum/Fortune)
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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 (Ivan Mehta/TechCrunch)
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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 (Lucinda Shen/Axios)
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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 (Aaron Tilley/The Information)
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Ilya Sutskever becomes CEO of SSI, with co-founder Daniel Levy as president; the technical team will continue reporting to Sutskever (Ashley Capoot/CNBC)
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CoreWeave receives Nvidia's Blackwell Ultra servers built by Dell, becoming the first cloud provider to install systems based on Nvidia's latest AI chips (Kif Leswing/CNBC)
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Austin-based Ambiq Micro, which makes ultra-low power chips, files for an IPO and reports an $8.3M net loss on $15.7M in revenue in the three months to March 31 (Anthony Hughes/Bloomberg)
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An interview with X VP of Product Keith Coleman about plans to let developers program AI agents to propose Community Notes, the old system, and more (Will Oremus/Washington Post)
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The Open Platform, a key TON developer that is behind Telegram's crypto Wallet, raised a $28.5M Series A at a $1B valuation, bringing its total funding to $70M+ (Ben Weiss/Fortune)
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