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 (Maxwell Zeff/TechCrunch)

Maxwell Zeff / TechCrunch:
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 (Ryan Browne/CNBC)

Ryan Browne / CNBC:
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 (Semafor)

Semafor:
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 (Stefanno Sulaiman/Reuters)

Stefanno Sulaiman / Reuters:
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 (Financial Times)

Financial Times:
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 (Ryan Weeks/Bloomberg)

Ryan Weeks / Bloomberg:
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 …