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July 24, 2025, 11:05 AM
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Alphabet:
Alphabet reports Q2 revenue up 14% YoY to $96.43B, vs. $94B est., net income up 19% to $28.2B, operating income up 14% to $31.27B, and Services revenue up 12%  —  MOUNTAIN VIEW, Calif. - July 23, 2025 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2025.
Sarah Perez / TechCrunch:
Sundar Pichai says the Gemini app has 450M+ MAUs, with daily requests up 50%+ from Q1, AI Overviews has 2B+ MAUs, and AI Mode has 100M+ MAUs in the US and India
Matthew Keys / TheDesk.net:
Alphabet reports YouTube's Q2 ad revenue rose 13% YoY to $9.8B, vs. $9.56B est., and Google's advertising revenue reached $71.3B, up from $64.6B a year ago
Jennifer Elias / CNBC:
Alphabet reports Google Cloud Q2 revenue up 32% YoY to $13.62B, vs. $13.11B est., and raises its 2025 capex forecast to $85B, after in February projecting $75B
Financial Times:
The Trump administration plans to vet AI models for “ideological bias” and limit government contracts to tech companies whose models offer “objective truth”  —  Federal government will only do business with tech companies whose models offer ‘objective truth’
Deadline:
At an All-In Podcast summit, President Trump said forcing AI firms to pay for each copyrighted work is “not doable”, calling for “common sense” AI and IP rules  —  Donald Trump said that AI companies can't be expected to pay for the use of copyrighted content in their systems …
Reuters:
Trump's new AI Action Plan, which includes ~90 recommendations, aims to loosen environmental rules and vastly expand AI software and hardware exports to allies
Jess Weatherbed / The Verge:
Indie open gaming marketplace Itch.io abruptly deindexes NSFW content from its browse and search pages after payment processors raised concerns, following Steam  —  The gaming marketplace is bowing to pressure from payment providers, much like Valve and Tumblr before it.
Emma Roth / The Verge:
T-Mobile's Starlink-powered satellite service T-Satellite is now generally available as a standalone subscription for US users, not just T-Mobile customers  —  The service only supports texts and location sharing over satellite for now, but more features are on the way.
Dominic Preston / The Verge:
The Wireless Power Consortium launches faster Qi2 25W wireless charging, with “major Android smartphones” finally adopting the standard alongside the iPhone  —  But will Android support go further than the magnet-free Qi2 Ready? … The Wireless Power Consortium (WPC) …
Raphael Satter / Reuters:
Microsoft says the “Storm-2603” group is now deploying ransomware via vulnerable SharePoint server versions, as the estimated number of victims hits 400+  —  A cyber-espionage campaign centered on vulnerable versions of Microsoft's (MSFT.O) server software now involves the deployment …
IGN:
Circana: Nintendo Switch 2 is the fastest-selling video game device in US history, with 1.6M units sold in June, topping the PS4's 1.1M units in November 2013  —  1.6 million units were sold during its launch month in the U.S., and 82% of buyers also got Mario Kart World.
Financial Times:
Analysis and sources: $1B+ of Nvidia's AI chips were shipped to China in the three months after President Trump tightened chip export controls in May  —  Roaring black market for US semiconductors operates despite efforts to curb Beijing's high-tech ambitions
Jay Peters / The Verge:
Amazon updates its color screen Kindle Colorsoft with a cheaper 16GB model for $250 and a kids-focused bundle with one year of Kids Plus for $270, available now  —  The new Colorsoft costs $30 less and comes with half the storage than the model Amazon released last year.
Sarah Owermohle / CNN:
Sources: the US FDA's AI tool Elsa has fabricated nonexistent studies, misrepresented research, and cannot access relevant documents to assist with review work  —  White Oak, Md. CNN —  To hear health officials in the Trump administration talk, artificial intelligence has arrived …
Annmarie Hordern / Bloomberg:
At an AI summit, President Trump says he considered breaking up Nvidia before aides told him that doing so was “very hard” and “I learned the facts here”  —  President Donald Trump said he considered attempting to break up Nvidia Corp. to increase competition …
Abner Li / 9to5Google:
Google adds new features to Google Photos, including a Veo 2-powered photo-to-video tool and a Remix tool that applies styles like anime and sketches to photos  —  Photo-to-video lets you take an existing still image in your library and transform it into a “dynamic” six-second clip …
Emanuel Maiberg / 404 Media:
Google's AI Overviews, which a recent Pew study shows reduce clickthrough rates, are further eroding traffic to original publishers by linking to aggregators  —  Yesterday the Pew Research Center released a report based on the internet browsing activity of 900 U.S. adults which found …
Russell Brandom / TechCrunch:
The Laude Institute, a nonprofit that runs the K Prize multi-round AI coding challenge, says a Brazilian prompt engineer won with just 7.5% of the right answers  —  A new AI coding challenge has revealed its first winner — and set a new bar for AI-powered software engineers.
Kate Park / TechCrunch:
LegalOn, whose contract review tool uses AI to identify risks and suggest edits, raised a $50M Series C, bringing its total raised to $200M+  —  Contract review remains a slow, manual process that strains legal teams, forcing lawyers to sift through dense language, flag risks, and translate legal terms.
More: LawSites
Melissa Heikkilä / Financial Times:
Q&A with Stability AI CEO Prem Akkaraju on taking over from Emad Mostaque, his movie background, data and copyright, working with creative industries, and more  —  The boss of StablityAI insists film industry fears about the impact of the popular image-generating model are misplaced
Kyt Dotson / SiliconANGLE:
Leena AI, which develops an employee-facing agentic AI assistant, launches “AI colleagues” that it says can work and interact just like human employees  —  Leena AI Inc., the developer of an employee-facing agentic artificial intelligence assistant, today announced the launch …
Sri Muppidi / The Information:
Source: Founders Fund and Dragoneer have committed to investing $1B+ each in OpenAI's second, $30B installment of its $40B round announced in March  —  As OpenAI tries to raise a record-breaking $40 billion in equity funding this year, it's getting help from more of its existing investors.
Foo Yun Chee / Reuters:
The EU says it will investigate whether KKR provided incorrect or misleading information in its €22B acquisition of Telecom Italia's fixed-line network  —  EU antitrust regulators will investigate whether U.S. investment firm KKR (KKR.N) provided incorrect or misleading information …
More: MarketWatch
Jonathan Stempel / Reuters:
A US judge dismisses a lawsuit accusing Intel of defrauding shareholders by hiding problems in its foundry unit, news of which led to a $32B one-day stock fall  —  A federal judge dismissed a lawsuit accusing Intel (INTC.O) of defrauding shareholders by concealing problems in a business …
Kyt Dotson / SiliconANGLE:
HeroDevs, which provides support for legacy open-source software, raised $125M from PSG, intends to allocate $20M to its Open Source Sustainability Fund  —  HeroDevs LLC, a leading provider of security and compliance solutions for deprecated open-source software, today announced …
More: FinSMEs and Axios

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From Mediagazer

Bloomberg:
Sources: WBD begins exclusive talks with Netflix to sell its film and TV studios and HBO Max; Netflix is offering a $5B breakup fee if the deal isn't approved

The Guardian:
Ireland, Spain, Slovenia, and the Netherlands exit Eurovision after Israel received an all-clear to compete; the BBC and Germany's SWR plan to participate

James Faris / Business Insider:
Kalshi strikes a deal with CNBC that will integrate Kalshi's prediction data into CNBC's channel, site, and app starting in 2026, days after striking a CNN deal

More News

Bloomberg:
AMD CEO Lisa Su says she expects TSMC's Arizona-made chips to cost “more than 5% but less than 20%” above TSMC's Taiwan-made chips, and to arrive by 2025's end

Earlier Picks

Samantha Subin / CNBC:
ServiceNow reports Q2 revenue up 22.5% YoY to $3.22B, vs. $3.12B est., and net income up 47% YoY to $385M, fueled by AI growth; NOW jumps 7%+
Dylan Butts / CNBC:
SK Hynix reports Q2 revenue up 35% YoY to ~$16.2B, vs. ~$14.9B est., operating profit up 68% to ~$6.7B, vs. ~$6.5B est., expects sustained HBM demand in 2025
Hugh Son / CNBC:
Goldman Sachs and BNY partner to let institutional investors purchase tokenized money market funds, with ownership recorded on Goldman's blockchain platform
Google DeepMind:
Google DeepMind unveils Aeneas, an AI model for contextualizing ancient Latin inscriptions, to help historians interpret, attribute, and restore text fragments
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