Techmeme: Foxconn reports Q1 revenue up 15.8% YoY to ~$62B, driven by strong demand for iPhones and AI servers powered by Nvidia chips, meeting analysts' expectations (Debby Wu/Bloomberg)

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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

KBKG:

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, Fortune, and ABC

Bluesky: @eva.computer, @eva.computer, @unormal, and @ianlandsman.com. Mastodon: @carnage4life@mas.to

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

Jesse Coghlan / Cointelegraph:

House GOP leaders announce a regulatory Crypto Week from July 14 to July 18 to consider three key crypto bills, including the Senate-led GENIUS Act — US Republican leaders say the House will look to pass bills on stablecoins, crypto market structure and CBDCs in mid-July in what they've dubbed “Crypto Week.”

More: CryptoSlate, Cmte Financial Services …, The Daily Hodl, CryptoNinjas, Bitcoin Insider, Inside Bitcoins, DL News, CryptoPotato, The Crypto Basic, Blockonomi, Blockchain News, The Defiant, crypto.news, Coinspeaker, Coinpedia Fintech News, CoinGape, The Crypto Times, and Cryptopolitan

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: Tom's Hardware, 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

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. Mastodon: @carnage4life@mas.to. X: @ersatzben. Forums: Slashdot

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

Debby Wu / Bloomberg:

Foxconn reports Q1 revenue up 15.8% YoY to ~$62B, driven by strong demand for iPhones and AI servers powered by Nvidia chips, meeting analysts' expectations — Revenue totaled NT$1.8 trillion ($62 billion) in the three months to June, largely in line with analysts' expectations, results showed Saturday.

More: Reuters, Reuters, Focus Taiwan, and iClarified

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

Bluesky: @carnage4life and @fabiochiusi. Mastodon: @1br0wn@eupolicy.social

LinkedIn: Angela Mills Wade, Chris Dicker, and Alix Dunn

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

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

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

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