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The UK unveils a £100M Sovereign AI R&D Procurement Scheme for domestic AI startups focused on public services, amid growing opposition to Palantir contracts (Jim Pickard/Financial Times)
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MapQuest becomes the top free iPhone app on the App Store in Canada and fourth on the US App Store after refusing to change Lake Ontario to Lake America (Joe Rossignol/MacRumors)
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Sources: South Korea's dismissal of a US congressional report saying it discriminated against US-based Coupang is causing strains between the two countries (Justin Papp/CNBC)
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Together AI, which serves open models, announces a deal to use compute from Humain in Saudi Arabia, where it can bypass US backlash over data centers (Niko Gallogly/New York Times)
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Former NY GOP Rep. George Santos receives Kalshi's first lifetime ban after the CFTC alleged he made $17K by betting on his appearance at the State of the Union (Brian Schwartz/Wall Street Journal)
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Interior Secretary says President Trump "reached out to Apple directly" about changing Lake Ontario to Lake America and the company may soon alter its maps (Reuters)
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Sources: CXMT has begun producing HBM3E memory chips in small quantities and plans to expand production in 2027, a major advance for China's chip industry (The Information)
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Instagram says it will reduce the reach of accounts featuring AI-generated personas if they don't use a new "AI-generated profile" label (Karissa Bell/Engadget)
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OpenAI says its ad business has hit $1B in annualized revenue run rate and is expanding globally, as it touts its "diversified business model" ahead of an IPO (Ashley Capoot/CNBC)
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Nvidia plans to invest $3.5B into MediaTek through convertible bonds; MediaTek forecasts AI chip revenue of about $2B this year (Bloomberg)
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Filing: Tencent-backed AI chipmaker Enflame prices its Shanghai IPO at ~$21 per share, aiming to sell 43M shares and raise ~$911M (Bloomberg)
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A Chinese court froze up to $300M of assets held by Dutch chipmaker Nexperia, giving its Chinese parent company Wingtech leverage in its bid to regain control (Eduardo Baptista/Reuters)
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Huawei reports H1 2026 revenue up 10% YoY to ~$69.57B, with net income down 36% to $3.54B; it is now the top smartphone brand in China with a 20%+ market share (Bloomberg)
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Z.ai reports H1 2026 revenue up 400% to ~$142M, below its $200M projection; Z.ai's market value surged 800% since its January listing, peaking at $137B (Bloomberg)
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The Hugging Face and Mythos 5 incidents show AI agents can self-organize, raising questions about how much agency they should have and when to seek human input (Ethan Mollick/One Useful Thing)
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New AI-powered video tools have accelerated the surge in AI dramas in China; DataEye: 89 of the top 100 animated dramas on Douyin in May were AI productions (Financial Times)
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Trade unions threaten to withhold support for politicians opposing data center projects, warning that blocking the projects endangers building-related jobs (Wall Street Journal)
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An analysis of the 50 largest bitcoin treasury companies by BTC holdings finds their combined market cap has plunged from $150B in July 2025 to just $67B now (Financial Times)
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