Techmeme: 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)

Top News

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 — Today, the House passed the Senate's version of the “One Big Beautiful Bill Act” (OBBBA), marking a significant overhaul to federal tax policy.

More: Supply Chain Dive, Axios, Bloomberg, ABC, and Fortune

Bluesky: @eva.computer, @eva.computer, @unormal, and @ianlandsman.com

X: @sprice, @ankurnagpal, @patrickfianagan, @deedydas, @einarvollset, @whitehouse, @newatlantissun, @nominalthoughts, @gkedzierski, @michaelminard13, @indian_bronson, @patrickfianagan, and @ericadyork. Forums: Hacker News

Olga Kharif / Bloomberg:

Over the past year, long-time Bitcoin whales have been selling off their holdings, leading to a reshaping of the market as institutions increase their buying — A silent transfer of control is reshaping the $2.1 trillion Bitcoin market. — A steady stream of sales by long-time whales …

More: BeInCrypto, Bitcoinist.com, Türkiye Today, Coinpedia Fintech News, CryptoPotato, The Coin Republic, and Gizmodo

Shaurya Malwa / CoinDesk:

Two dormant Bitcoin wallets, each holding 10,000 “Satoshi era” BTC since 2011, transferred the coins to new wallets using a modern, lower-fee address format — All of these moved coins are among the rarest class of BTC: mined or transacted during the “Satoshi era,” …

More: CoinDesk, Cointelegraph, The Crypto Times, The Daily Hodl, CoinGape, Coinpedia Fintech News, Bitcoin Insider, Blockchain.News, CryptoPotato, Protos, crypto.news, ZyCrypto, BeInCrypto, Coinspeaker, The Defiant, and CryptoSlate

Bluesky: @khakhalin. Forums: r/CryptoCurrency

Shirin Ghaffary / Bloomberg:

The term “superintelligence” is becoming increasingly popular among AI leaders, even as many in the industry question whether it is ill-defined and overhyped — A new AI buzzword is picking up speed in Silicon Valley. — But first.... AGI inflation

More: Forbes, The Economic Times, and Inc

X: @scobleizer. LinkedIn: Anne Collier

Joshua Nevett / BBC:

UK minister instructs the Turing AI institute, which has lately focused on responsible AI and ethics, to prioritize national security and defense instead — Science and Technology Secretary Peter Kyle has written to the UK's national institute for artificial intelligence (AI) to tell its bosses to refocus on defence and security.

More: The Guardian. X: @ersatzben. Forums: Slashdot

Rachyl Jones / Semafor:

A look at Meta's recent hires for its nascent superintelligence unit, including Pei Sun, who developed two generations of Waymo's perception models — Meta's new hires offer a glimpse into its nascent superintelligence unit, aimed at making the social media company's AI capabilities more competitive with industry leaders.

More: CNBC and The Decoder

Foo Yun Chee / Reuters:

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 — Alphabet's (GOOGL.O) Google has been hit by an EU antitrust complaint over its AI Overviews from a group of independent publishers …

More: Moneycontrol, Benzinga, The Verge, PYMNTS.com, SiliconANGLE, iPhone in Canada, MarketWatch, New York Post, Cryptopolitan, Press Gazette, The Decoder, Android Headlines, WinBuzzer, Nairametrics, and MediaPost

Bluesky: @fabiochiusi. Mastodon: @1br0wn@eupolicy.social. LinkedIn: Angela Mills Wade, Chris Dicker, and Alix Dunn

Murad Hemmadi / The Logic:

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 — TORONTO — Nvidia's deal to acquire Canadian AI startup CentML could exceed US$400 million in value, The Logic has learned. — Exclusive

More: The Logic. X: @muradhem

Dan Primack / Axios:

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 — Artificial intelligence is eating venture capital. Or at least its dollars. … - That percentage jumps to 64% in the U.S.

More: PitchBook, The French Tech Journal, and VCCircle

Ryan Gould / Bloomberg:

Blackstone acquires Vista Equity Partners' minority stake in event software company Cvent, sources say for $1.3B; Blackstone acquired Cvent for $4.6B in 2023 — Blackstone is acquiring Vista's stake in Cvent for $1.3 billion, according to people familiar with the matter …

More: Washington Business Journal and Verdict

Ben Geman / Axios:

Emerald AI, whose software lets AI data centers flexibly adjust power consumption, raised a $24.5M seed led by Radical Ventures, with NVentures participating — AI giant Nvidia and boldface names in tech and finance are backing a new startup that aims to transform data centers into flexible grid assets instead of liabilities.

More: NVIDIA, arXiv.org e-Print archive, Latitude Media, E&E News, VC News Daily, Emerald AI, Pulse 2.0, FinSMEs, and RCR Wireless News

LinkedIn: Yvonne Likomanova, Rob Toews, and Varun Sivaram

Kate Park / TechCrunch:

Tailor, which offers a headless ERP system for retail businesses that separates the frontend and backend, raised a $22M Series A from ANRI, NEA, YC, and others — Tailor, a San Francisco- and Tokyo-based enterprise resource planning (ERP) platform, has raised $22 million in a Series A funding round.

More: Business Wire, PYMNTS.com, FinSMEs, VC News Daily, and Pulse 2.0

RT Watson / The Block:

Distinct Possibility, a gaming studio launched by EverQuest co-creator to build a web3 shooter on Etherlink, a Layer 2 network built on Tezos, raised $30.5M — - Bitkfraft Ventures and Brevan Howard Digital co-led a $30.5 million funding round in Distinct Possibility Studios, the new gaming firm from EverQuest co-creator John Smedley.

More: NFTgators

Mackenzie Hawkins / Bloomberg:

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 — President Donald Trump's administration plans to restrict shipments of AI chips from the likes of Nvidia Corp. to Malaysia and Thailand …

More: Tom's Hardware, The Decoder, Malay Mail, Financial Express, TechWire Asia, The American Bazaar, Cryptopolitan, and Reuters. Forums: Slashdot

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