Nvidia nears $4 trillion and temporarily tops world’s most valuable list
Nvidia’s recent gains come as the company’s chips power much of the AI computing infrastructure being built by major tech firms
EU delays AI code of practice rollout to end of 2025
The delay comes as tech firms and several EU governments ask for more time to adjust to the upcoming regulations
US semiconductor company settles export case for $4.25 million over Huawei shipments
Company sent 1,650 power controllers, smart power stages, and accessories to Huawei without approval, Commerce Department
OpenAI says it is not part of Robinhood token offer
Robinhood says it will give EU users 5 euros in OpenAI and SpaceX tokens if they register to trade stock tokens by July 7
Meta’s Instagram outage hits thousands of users in the U.S.
The outage gain attention on other platforms, with users sharing posts about the disruption
EU seeks private funding to lead in quantum technology
EU tech chief says only 5% of global private investments in quantum technology currently go to Europe, and increasing that share is a priority
X begins recovery after brief outage in the U.S.
More than 15,000 users report problems with the platform
Google makes new proposal to stave off EU antitrust fine
The company will meet its rivals and the European Commission to discuss its proposals during a July 7-8 workshop in Brussels
Nvidia becomes the world’s most valuable company at $3.86 trillion
Microsoft follows with a valuation of $3.69 trillion, while Apple stands at $3.1 trillion
Netflix explores partnership with Spotify to expand live programming
The discussions also include ideas like high-profile celebrity interviews and quick-turnaround documentaries
Google ordered to pay $314 million to California Android users
The lawsuit says Google collected data from users’ phones without permission while the devices were idle
Jeff Bezos sells $736.7 million worth of Amazon shares
Following the transaction, Bezos owns around 905 million shares in the e-commerce company
Grammarly to acquire email startup Superhuman to expand AI tools
Superhuman CEO says the deal will give the company more resources and help it expand into tools like calendars, tasks, and team collaboration
Musk’s X challenges India over content takedown powers
Indian Solicitor General says all officials involved are legal authorities and that social media platforms cannot expect to operate without regulation
Google says EU tech rules hurt innovation and user experience
The company will also ask regulators for more detailed guidance on how to comply with the law