Google rolls out Gemini 2.5 Deep Think, its most advanced reasoning model, which can consider multiple ideas simultaneously, to $250-per-month Ultra subscribers — Google DeepMind is rolling out Gemini 2.5 Deep Think, which, the company says, is its most advanced AI reasoning model …
Nintendo Q1: revenue up 132% YoY to ~$3.8B, operating profit up 4.4% to ~$378M; it sold 5.82M Switch 2 units in the first month, more than double the original — Nintendo more than doubled revenue in its fiscal first quarter, as the company logged bumper sales of its Switch 2 console in the first month of release.
Sources: Trump administration is reconsidering plans to replace the Biden-era AI export rules as part of a broader softening on chip controls targeting China — The Trump administration is easing off its tough-on-China approach to technology export controls as it searches for leverage …
Indonesia raises taxes on crypto sellers, from 0.1% to 0.21% in domestic exchanges, and from 0.2% to 1% in overseas exchanges, but removes VAT on buyers — Indonesia will raise taxes on cryptocurrency transactions, with a higher rate on trades hosted by overseas bourses, starting from August 1 …
Sources: Bank of England governor blocked a meeting arranged by UK Chancellor between regulators and Revolut to discuss Revolut's full banking authorization — Chancellor's aim to discuss fintech becoming fully fledged bank thwarted by BoE governor — Bank of England governor Andrew Bailey intervened …
Chinese crypto mining hardware maker Bitmain plans to open a new HQ and assembly line in either Texas or Florida by the end of Q3 and start production in 2026 — Tell us how AI is shaping your news experience. Share your feedback — Bitmain Technologies Ltd., the world's largest manufacturer …
Sources: Quince, a DTC luxury brand that is viral on Instagram and TikTok, raised ~$200M led by Iconiq at a $4.5B valuation, after raising $120M in January 2025 — Investment firm Iconiq is leading a roughly $200 million investment in the direct-to-consumer fashion startup.
An analysis of ~200 Shein items between April and July: prices spiked in April, settled at 12.5% above pre-tariff levels by late May, and jumped again in July — Evidence for the impact of Trump's trade war has shown up at the popular China-founded online retailer.
At Shanghai's World AI Conference, ByteDance, Unitree, UBTech, Agibot, and other Chinese companies demoed a wide range of robots, including boxing droids — From lumbering six-foot machines to nimble back-flipping dogs, robots lorded over China's most important annual AI conference in Shanghai this week.
Indian software services provider Tata Consultancy Services plans to cut 2% of its global workforce, or about 12,000 employees, by March 31, 2026 — In an interview with Moneycontrol, TCS CEO K Krithivasan described the decision as one of the toughest he has faced, calling it a necessary step to build a stronger, future-ready company.
The English Premier League recently signed deals with Adobe and Microsoft to offer AI-powered tools to fans, including those playing the Fantasy Premier League — Football body's turn to Big Tech aims to cement dominance after it made €2.1bn in overseas broadcast deals last season
Alibaba releases its Qwen3-235B-A22B-Thinking-2507 reasoning LLM on Hugging Face, topping several benchmarks, as Alibaba moves away from hybrid reasoning models — If the AI industry had an equivalent to the recording industry's “song of the summer” — a hit that catches on in the warmer months …
Online platforms offering astrological advice are thriving in India, with the leading app Astrotalk claiming about 84% of its 70M users are under the age of 35 — An age-old belief in astrology has snowballed into a $7 billion industry as a younger generation seeks celestial guidance.
The AI Action Plan suggests Trump wants to inculcate a “try-first” culture through regulatory sandboxes for AI, which have already popped up in some US states — Among the many, many ambitious ideas baked into his AI Action Plan, President Donald Trump wants to inculcate a “try-first” culture for innovation in the U.S.
The SharePoint hacks increase pressure on Microsoft's Secure Future Initiative, which the company calls an ambitious effort expected to take years to complete — Three months ago, Microsoft Corp. issued a progress report on what it described as the largest cybersecurity engineering project in history.
Financial Times : Sources: private capital giant Apollo Global has shorted loans and rapidly cut exposure to the enterprise software sect...
