Techmeme
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Nvidia signs a $1.5B accord with Amkor, involving a prepayment by Nvidia to help bolster Amkor's chip packaging facility in Arizona; AMKR jumps 16%+ after hours (Bloomberg)
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Sierra acquires Takeoff, which develops "long-horizon" agents, for an undisclosed sum; founded in 2025, Takeoff neared $10M in annualized revenue in early July (The Information)
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Sources: Stripe is in talks to acquire OpenRouter in a deal potentially worth around $10B; PitchBook: OpenRouter was valued at $1.3B in May (Wall Street Journal)
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SAP reports Q2 cloud revenue up 22% YoY to €6.28B, vs. €6.26B est., total revenue up 9.4% to €9.88B, and lowers its 2026 non-IFRS operating profit guidance (Grace Yoon/Wall Street Journal)
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The Pentagon signs an up-to-10-year contract with Oracle worth up to $7B to consolidate department's on-premises software licenses into a single contract (Mike Stone/Reuters)
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Oracle signs 10-year software contract with Pentagon worth up to $7 billion (Jordan Novet/CNBC)
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Trump says 200 additional stakeholders, including major utilities, joined a voluntary pledge to protect consumers from high energy bills from AI data centers (Josh Boak/Associated Press)
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Filing: the value of Alphabet's investments in unidentified private companies was ~$124.3B as of June 30, source says driven primarily by its Anthropic stake (Davey Alba/Bloomberg)
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Intel reports Q2 revenue up 25% YoY to $16.1B, vs. $14.42B est., its fastest sales growth in ~15 years on "unprecedented" demand; INTC jumps 10%+ after hours (Kif Leswing/CNBC)
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Tesla stock closed down 14.52% and Alphabet closed down 6.89% after they signaled increased AI spending, amid worries about the mounting costs of the AI boom (Arjun Kharpal/CNBC)
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Germany's Black Forest Labs launches Flux 3 and Flux-mimic, its first models for robotics, as it expands from generative AI into physical AI (Yazhou Sun/Bloomberg)
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Microsoft replaces OpenAI's image-generating models with its MAI models in its products; Mustafa Suleyman says MAI models are ~85% cheaper to run in PowerPoint (Brody Ford/Bloomberg)
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Patreon lays off 20% of its employees, or 93 people, citing a "painful" restructuring due to "profound" changes in the creator economy (Corbin Bolies/Variety)
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Anthropic makes its Opus and Sonnet models available in voice mode, and says voice mode can now tap into some connected apps like Gmail, Slack, and Notion (Ivan Mehta/TechCrunch)
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Foundation Future Industries, backed by Eric Trump, partners with AMD to develop autonomous humanoid robots using the AMD Ryzen AI Embedded X100 Series chips (Aishwarya Jain/Reuters)