• Indian IT company Persistent Systems offers to acquire its Germany-based peer Nagarro for $1.45B; Indian IT companies are ramping up M&A as AI reshapes growth (Sayan Chakraborty/Nikkei Asia)
• An EU draft proposal dated June 30 shows the bloc is weighing weaker climate impact rules for gas-powered data centers, after heavy lobbying from tech groups (Financial Times)
• Nvidia promises to financially backstop young cloud providers like Firmus that rent out its AI chips, in exchange for a revenue share through a new program (Phoebe Liu/The Information)
• Sources: OpenAI has discussed giving a 5% stake to the US government as the company seeks to clear political obstacles by securing buy-in from the Trump admin (Financial Times)
• Sources: data center operator Switch seeks a ~$2B funding round valuing the company at ~$50B, including debt, led by a $400M investment from Andreessen Horowitz (Bloomberg)
• Sources: Apple has told suppliers to prepare to produce ~10M foldable iPhones in 2026, up from 7M-8M previously, and 80M iPhones in total across new models (Nikkei Asia)
• Sources: Apple is in negotiations to buy chips from CXMT and YMTC, two Chinese semiconductor makers on a Pentagon blacklist, for use in devices sold in China (Bloomberg)
• X launches Live Studio, an updated livestreaming hub within Creator Studio with a simplified desktop setup, chat control options, custom thumbnails, and more (Andrew Hutchinson/Social Media Today)
• India-based short video app ShareChat's parent company Mohalla Tech plans to raise up to $400M in an IPO in 2027; ShareChat has ~65M micro-drama viewers monthly (Sankalp Phartiyal/Bloomberg)
• Amazon's emissions rose 16%+ YoY in 2025, driven by data center construction and delivery fuel, while Google's "ambition-based" emissions jumped 18% YoY in 2025 (Bloomberg)
• Sources: the White House is in advanced talks with AI companies on voluntary standards and release timelines for new models to be announced as soon as next week (George Hammond/Financial Times)
• Bending Spoons, which owns Vimeo and AOL, closed up 40% in its US market debut on Wednesday at a $25.7B valuation, after raising $1.68B in its IPO (Bloomberg)
• Higharc, which uses AI to assist house builders in design and construction, raised a $95M Series C led by Insight Partners, bringing its total funding to $170M+ (Lauren Ohnesorge/Triangle Business ...)
• Lime's shares closed up 4% in its Nasdaq debut on Wednesday, valuing the company at ~$1.7B, after Lime and existing stockholders raised ~$174M in its US IPO (Reuters)
• Sources: Apple is working on new iPad Pros and an entry-level 14" MacBook Pro with a new design in line with the upcoming touch-screen laptops for H1 2027 (Mark Gurman/Bloomberg)
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| • Apple is reportedly planning a visual refresh of the entry-level MacBook Pro next year
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• UN report says policymakers are struggling to keep up with pace of AI development
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