• Neo Security, a cybersecurity startup founded by ex-SentinelOne execs and currently in stealth, raised $50M+, after a $25M seed in 2025 led by a16z and Merlin (Meir Orbach/CTech)
• Samsung unveils a new Flex Titanium foldable display that is slimmer, more durable, and less prone to creasing, debuting in its upcoming Galaxy Z Fold 8 series (Jess Weatherbed/The Verge)
• AI advocates fear New York's moratorium on new data centers could embolden Democrats to enact more state restrictions and seize on the issue in the midterms (Politico)
• India pledges $13.3B to boost domestic chipmaking, building on a $10B incentive program from 2021, which attracted investments from companies like Micron (Sankalp Phartiyal/Bloomberg)
• IBM stock fell 25%+ on Tuesday, sinking further than its previous worst day of October 19, 1987, after reporting preliminary Q2 results below estimates (CNBC)
• Nokia plans to sell its AI-driven RAN platform, developed with Nvidia, to mobile operators by 2027, aiming for a 100% increase in spectrum efficiency by 2028 (Paula Doenecke/Bloomberg)
• China's cyberspace regulator says Apple Intelligence has been registered for use on iPhones in the country; Alibaba says the service will use its Qwen model (Reuters)
• MA-based Walden Robotics, a Toyota robotics spin-off that has started selling humanoid robots, emerges from stealth with a ~$300M seed at a $1.1B valuation (Samantha Kelly/Bloomberg)
• ASML says Intel has decided to use ASML's next-gen High NA EUV machines to make some of its flagship Panther Lake laptop chips; a High NA machine costs ~$400M (Max A. Cherney/Reuters)
• ASML reports Q2 net sales of €9.3B, above €8.8B est., a €2.9B net profit, above €2.6B est., and raises its 2026 net sales forecast from €36B-€40B to €43B-€45B (April Roach/CNBC)
• A profile of PsiQuantum, which raised $1B in 2025, is building a quantum computer with photonic chips made by GlobalFoundries and is closely monitored by DARPA (James O'Donnell/MIT Technology Review)
• As China's rules for humanlike AI interaction take effect, many users are bemoaning the loss of the virtual companions they had created on Chinese AI platforms (Bloomberg)
• Sources: DeepSeek's annualized revenue recently reached $400M to $500M as it seeks to raise ~$7.4B at a ~$74B valuation, up from ~$50B after raising ~$7B in May (The Information)
• Court filing: Google says it is ready to add third-party app stores in Google Play in the US on July 22, as Google and Epic withdraw their joint motion (Sean Hollister/The Verge)
• Sources: Oracle leads the race to sell "air-gapped" cloud services to Japan that the US says are key to secure intelligence sharing between Tokyo and its allies (Financial Times)
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| • Withings' new ultra-premium scale goes on sale today
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