Bloomberg:
The stock of Chinese short video app Kuaishou has surged 88% over the past year, driven by the success of its Kling AI video generator, which has amassed 60 million users.— Few large companies have attempted to move toward AI as quickly as Kuaishou Technology. — Long known as a latecomer…
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- President Trump bought up to $5 million each in Broadcom, Meta, Amazon, Apple, Microsoft and Nvidia stock on July 23, the same day as his AI action plan (New York Times)
- A survey of American adults found that 56% supported banning social media for those under 16, while 21% opposed it; majorities across demographic and partisan groups support a ban (Pew Research Center)
- A draft EU proposal dated June 30 shows the bloc considering looser climate impact rules for gas-fired data centers, after intense lobbying from tech groups (Financial Times)
- India-based parent company of short-form video app ShareChat, Mohalla Tech, plans to raise up to $400 million in an IPO in 2027; ShareChat has around 65 million monthly micro-drama viewers (Sankalp Phartiyal/Bloomberg)
- Trump fears no one will show up for his July 4 speech
- Higharc, which uses AI to help homebuilders with design and construction, raised a $95 million Series C round led by Insight Partners, bringing its total funding to more than $170 million (Lauren Ohnesorge/Triangle Business Journal)
- Automakers report mixed U.S. sales results as hybrids drive market
- Alex Karp calls U.S. reliance on AI labs for military technology ‘crazy,’ discusses AI costs for businesses and touts Palantir’s Nvidia Nemotron deal for U.S. agencies (Ty Roush/Forbes)

