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Cisco reports Q4 revenue up 18% YoY to $17.25B, vs. $16.82B est., AI infrastructure orders from hyperscalers worth $4B, forecasts FY 2027 revenue above est. (Juby Babu/Reuters)
Cerebras reports Q2 revenue up 74% YoY to $180M and raises its annual revenue and gross margin forecasts; CBRS drops 14%+ after hours (Reuters)
Mistral says its platform will support third-party open models, starting with Z.ai's GLM-5.2, and run them on the same infrastructure as its own models (Mistral AI Blog)
Freedom of the Press Foundation and The Intercept sue Trump after Trump Media & Technology offered a subscription service for faster access to Trump's posts (Bernard Condon/Associated Press)
Kalshi referred 32 possible insider traders to the CFTC in the three months through June; sources: CFTC has up to 20 ongoing probes using just Kalshi's evidence (Sharon LaFraniere/New York Times)
Sources: Kalshi is in advanced talks to raise $750M+ co-led by Sequoia Capital and Wellington Management at a $40B valuation; Kalshi was valued at $22B in May (Yueqi Yang/The Information)
Sources detail moves behind Google's AI reshuffle; Sergey Brin urged key staff to go all in on Gemini, and some teams shifted from DeepMind to corporate Google (Kenrick Cai/Reuters)
Sources: Apple hired Nate Gatten, an American Airlines exec with GOP ties, as government affairs VP, seeking someone who could align with Trump administration (Mark Gurman/Bloomberg)
Sources: the UK government is planning to regulate the use of AI in gene synthesis to prevent terrorists and other bad actors from using AI for bioweapons (Ellen Milligan/Bloomberg)
Bank of America says it plans to deploy $250B by July 2027 to support US digital and infrastructure projects, including data centers and energy infrastructure (Reuters)
SpaceXAI releases Grok 4.6, saying it matches GPT-5.6 Sol on the Artificial Analysis Intelligence Index, and prices it at $2/1M input and $6/1M output tokens (xAI)
Silicon Data, which offers real-time compute pricing data to financial institutions and exchanges, raised a $30.5M Series A led by the Valor Atreides AI Fund (Chris Metinko/Axios)
ClearJet, whose AI-enabled logistics service connects shippers with unused cargo capacity on commercial flights, raised a $25M Series B led by Edison Partners (Mary Ann Azevedo/Crunchbase News)
FlightAware withdraws its Kalshi lawsuit, after alleging Kalshi used its data to let users bet on flight cancellations; Kalshi no longer names it as a source (Sumedha Mukherjee/Reuters)
Google's Pixel 11 introduces Camera Looks, a total rethink of how the camera captures and styles an image, as users seek "more authentic or traditional" photos (David Imel/The Verge)