• Alibaba reports Q1 revenue up 9% YoY to ~$40B, meeting est., and net income down 75% to ~$1.6B due to heavy AI spending and weak domestic retail consumption (Luz Ding/Bloomberg)
• Binance launches Agent OS, a platform that lets AI agents analyze markets and execute trades on users' behalf; users set limits on AI agents' access and trades (Jagmeet Singh/TechCrunch)
• South Korea media: SK Hynix and its union reach a tentative deal on a 6.3% wage hike and paying out 60% of profit-sharing bonuses in shares and 40% in cash (Yoolim Lee/Bloomberg)
• Uber, Verne, and Pony.ai launch autonomous rides in Zagreb, making the Croatian capital the first European city where users can book such rides via Uber's app (Anzar Mehraj/Reuters)
• London-based Callosum, whose software matches AI tasks with different models and chips, raised a $100M seed from Atomico, the UK Sovereign AI Fund, and others (Bloomberg)
• Virginia's Loudoun County hosts 250+ data centers, generating huge tax revenues, as it moves to slow construction in response to pushback from residents (Cecilia Kang/New York Times)
• A look at Backstory, an experimental AI image authentication tool from Google DeepMind, offered for testing to journalists, researchers, and other fact checkers (Andrew Deck/Nieman Lab)
• China's humanoid robot makers derive much of their revenue from government-backed training centers that sell training data back to them, raising demand concerns (William Langley/Financial Times)
• Sources: China is restricting or delaying exports to Taiwan of germanium- and quartz-based materials used in fiber optics, photonics, and chip manufacturing (Nikkei Asia)
• How Unitree's Go series, which helped the company dominate the quadruped robot market, drew on openly published US university research funded by the US military (Michael Martina/Reuters)
• Pornhub says the UK's new internet age checks have boosted non-compliant porn sites, which occupied seven of the top 10 search results for "free porn" in June (Daniel Thomas/Financial Times)
• The EU appears to be shifting from outsized regulatory fines against Big Tech to technical DMA orders that force compliance, such as sharing search data (Jacob Parry/Politico)
• President Trump says CFTC Chair Michael Selig is working to bring crypto platform Hyperliquid onshore, lifting shares of HYPE-holder Hyperliquid Strategies ~30% (Bloomberg)
• The US Army is phasing out its drone assault battalion, as part of a "back-to-basics" approach; it was created in January to learn from the conflict in Ukraine (Wall Street Journal)
• Samsung announces a virtual Galaxy event for August 27 at 8am ET, where the Galaxy S26 FE is expected (Alan Friedman/PhoneArena)
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• Waymo Ojai vans are now available for all riders in three cities
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• Google is offering college students a year of its AI Pro plan for free
• Study finds a 15 percent increase in traffic deaths after major music streaming releases
• Mattel is releasing a full-scale building brick set of the original Xbox
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