AMD plans to ship Helios, its first rack-scale AI system to rival Nvidia, later in 2026 to Microsoft, Meta, OpenAI, and others; Helios costs an estimated $5M+ (Katie Tarasov/CNBC)

Study: off-balance sheet debt at Alphabet, Microsoft, Amazon, Meta, and Oracle grew an est. ~8x since 2022 to ~$1.65T, eclipsing ~$1.35T in balance sheet debt (Kohei Yamada/Nikkei Asia)

South Korea reports that, for the first 20 days of July, chip exports climbed 180.6% from the same period in 2025; computer-related product shipments grew ~232% (Heesu Lee/Bloomberg)

Google's AI Search is endangering the open web; Cloudflare: between June 2025 and April 2026, human traffic to sites of businesses in many industries fell ~40% (Kate Conger/New York Times)

Filing: Zhongji Innolight, China's leading optical transceiver maker, aims for an $8B Hong Kong IPO, the city's largest since Alibaba's $12.9B debut in 2019 (Dave Sebastian/Bloomberg)

Sources detail Kalshi's and Polymarket's efforts to undermine each other, including lobbying regulators, trying to derail deals, and waging influence campaigns (New York Times)

Blackstone agrees to invest an undisclosed sum in South Korea-based Futronic, which makes actuators used in industrial robots, sources say at a ~$675M valuation (Manuel Baigorri/Bloomberg)