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Stock trading app Ajaib raised a $270M Series C from SBI Holdings, the largest round since 2022 in Indonesia, where startups raised just ~$340M last year (Olivia Poh/Bloomberg)
How Meta founded FAIR in 2013, fell behind as it was distracted by the metaverse, and is spending an unprecedented amount of money trying to catch up (Harry McCracken/Fast Company)
Apple TV raises prices in the US, with the monthly price up by $2 to $14.99, its fourth increase in four years; the individual Apple One tier rises $2 to $21.95 (Todd Spangler/Variety)
Sources: Meta is testing robots from ABB and others to handle data center tasks such as swapping cables and resetting servers as it seeks to lower labor costs (Paresh Dave/Wired)
Meta's India and Southeast Asia VP Sandhya Devanathan is joining OpenAI to oversee consumer growth and enterprise adoption across SE Asia and Australia (Jagmeet Singh/TechCrunch)
A look at Beijing's AGI Bar, the unofficial clubhouse for China's AI industry where entrepreneurs trade gossip, recruit talent, and court investors over beers (Bloomberg)
Chinese memory chipmaker CXMT reports H1 revenue of ~$22.4B, more than double its 2025 sales, and ~$11.5B in profit, compared to a loss a year earlier (Bloomberg)
South Korea unveils a project with KT, SK Telecom, and Kakao to provide premium AI tools to the public for free, a move that treats AI like a public utility (Jiyoung Sohn/Wall Street Journal)
Bluesky launches a feature to let users hide their posts from non-followers in its Discover feed; other AT Proto apps can choose whether to respect the opt-out (Sarah Perez/TechCrunch)
How Shein pivoted to a Hong Kong IPO and sought to build Chinese government ties, after its New York and London bids failed to secure Beijing's approval (Reuters)
Tencent releases Hy4 Preview, a 770B-parameter open model with 1M context window, and says it outperforms Z.AI and Moonshot models in internal tests (Bloomberg)
The UK Treasury gives the Bank of England a new legal objective to support payment systems and digital money innovation, seeking to keep London competitive (Financial Times)
Sources: some tech companies are courting Democrats and hiring advisers to prepare for potential investigations if Republicans lose control of the House (Wall Street Journal)
BitGo agrees to buy NYDIG's institutional trading business and related assets, expanding BitGo's derivatives offerings; ~30 NYDIG employees are joining BitGo (Tanaya Macheel/CNBC)
Sources: federal authorities prepare to charge a US serviceman and a KPMG employee with insider trading on prediction markets, as part of a new batch of cases (Dave Michaels/Wall Street Journal)

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