This morning (July 29, 2026) the tech conversation centers on major model releases and preparations for big-tech earnings.

Model and Product Releases

Moonshot AI released the full model weights and technical report for Kimi K3, a 2.8-trillion-parameter MoE model with native visual understanding and 1M-token context. The company claims 2.5x intelligence per compute and open-sourced kernels, MoE libraries, and agent infrastructure. The license includes a revenue-sharing clause for resellers exceeding $20M in annual revenue.

Microsoft introduced Project Perception, a multi-agent security operations system, and MAI-Cyber-1-Flash. Meta rolled out a new assistant capable of planning and acting across connected services. NVIDIA formalized a frontier-compute partnership with SSI and launched the Open Secure AI Alliance.

Regulation and Policy

The US is advancing toward banning imports of new Chinese robot and power-inverter models, extending hardware controls. China began mass production of domestically developed immersion DUV chipmaking tools. Meta signed the EU AI Act Code of Practice on AI-generated content transparency. Uzbekistan launched the AI SOLIQ Portal for tax services.

Financial Results and Infrastructure

SK Hynix reported record Q2 results with $54.5B revenue and $41.6B operating profit, driven by AI memory and HBM demand. Bloom Energy beat estimates with $1.07B revenue and raised 2026 guidance to $3.9–4.2B on AI onsite power demand from hyperscalers.

Celestica, Teradyne, and Seagate posted strong data-center revenue growth. Corning reported 32% growth in Optical Communications and nearly doubled Gen AI product revenue.

Major Deals

Meta and BlackRock announced a $14B AI data center venture in El Paso. NVIDIA and OpenAI are in talks for $250B in financing for a $500B data center project. Additional infrastructure deals were announced by CORZ, IREN, CLSK, WULF, and HUT.

Pre-Market Outlook

US futures are pointing to a cautious open this morning, with attention on Meta and Microsoft earnings due later today. Investors will watch for AI spending figures, Azure growth, and funding updates for AI initiatives.

Markets are expected to react quickly to any surprises in results or forward guidance.