Sources: Apple plans an AI overhaul for photo editing in iOS 27, including using on-device AI models to extend, enhance, and reframe photos (Mark Gurman/Bloomberg)

How Chinese manufacturers are dominating the humanoid robot supply chain, even as the industry struggles to find a purpose for such robots (New York Times)

Infineon plans to open a €5B chip factory in Germany backed by EU subsidies, its largest single investment, on July 2 as Europe seeks to boost chip production (Christina Kyriasoglou/Bloomberg)

Zelle owner EWS says it plans to expand the payment service to India later this year, its first international market, and create its own USD-backed stablecoin (Associated Press)

Xiaomi releases MiMo Code V0.1.0, an open-source AI coding assistant that it says outperforms Claude Code on agentic coding and software engineering benchmarks (Carl Franzen/VentureBeat)

Sources: BlackRock put in an order to buy at least $5B worth of SpaceX shares; SpaceX received an over $1B request from a single family-office investor (Wall Street Journal)

Jeff Bezos' Prometheus, which is building AI models for physical tasks, raised a $12B Series B at a $41B valuation, following a $6.2B Series A (Dan Primack/Axios)