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• As OpenAI and Anthropic prepare to go public, San Francisco tech workers making six figures say they cannot compete with the new AI elite and may have to leave (Emmy Martin/New York Times)
• Meituan open-sources LongCat-2.0, a 1.6T-parameter model that it says was trained on a 50K-chip cluster of domestic Chinese processors, without giving details (Reuters)
• AI and vibe coding fuel a surge in game releases; ATTN Economy says 181K mobile games launched in six months to May, up 118% on iOS and 73% on Android YoY (Orlando Crowcroft/Financial Times)
• The UK CMA proposes requiring Apple and Google to relax UK developer payment "steering" rules, and Apple to open NFC; Google says it "already made the changes" (Sam Tabahriti/Reuters)
• Hotels, tour operators, and travel agencies rush to launch proprietary online tools and loyalty schemes to fend off future competition from AI travel agents (Stephanie Stacey/Financial Times)
• AI may help transform air traffic control by processing vast amounts of data, spotting collision risks early, and easing staff shortages as air travel grows (Peter Campbell/Financial Times)
• Dubai- and London-based 1001, which uses AI to improve aviation, port, and energy infrastructure efficiency in the Gulf, raised $30M led by Lux Capital (Matthew Martin/Semafor)
• US political campaign managers and consultants are using AI to analyze voter data, create campaign materials, and more; survey: 87% of campaigners use AI daily (Stuart A. Thompson/New York Times)
• Five Chinese tech and advanced manufacturing companies launch Hong Kong listings, seeking to raise up to $5.6B, led by Apple supplier Luxshare's $3.15B offering (Reuters)
• Sources: Chinese smartphone makers like Xiaomi, Oppo, and Vivo told suppliers they will again cut 2026 shipment targets, with Xiaomi cutting 30% to ~95M units (Nikkei Asia)
• Source: the Trump administration has talked with SpaceX about donating shares to Trump Accounts, which provide children with tax-advantaged savings accounts (Semafor)
• Nebex, a fintech startup aiming to act as a broker platform connecting US space tech suppliers, foreign governments, and investors, raised a $30M seed led by GV (Bloomberg)
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