Artificial intelligence companies are largely cheering President Trump’s “AI Action Plan” issued this week — no surprise, since it reduces regulations to make it easier for them to make money.

But there could be some problems, in particular the insistence on “objective” and “anti-woke” results, which is code for “truths that Trump doesn’t like.” Besides, AI companies honestly don’t seem to need a lot of help from the government — just look at Elon Musk’s xAI, which reportedly is raising a cool $12 billion. Meanwhile, AI chip leader Nvidia seemed to dodge an errant Trump bullet.

A rising number of companies has decided that it’s time to sell their stock, and initial public offerings are piling up, as Figma, Ambiq, Avalara and BitGo file.

Amazon bought AI device maker Bee, perhaps hoping that wearables can take its AI expertise further — a bet Meta is also making with its AI glasses. Privacy issues abound, however, since the wrist device listens to almost everything users and people around them do.

Microsoft’s SharePoint is under attack on a big vulnerability, including hackers in China, sending many enterprises scrambling to patch it.

Enterprise software legend Tom Siebel is resigning as CEO of C3AI because of an autoimmune disease. We wish him well.

It was a big week in earnings, with AI driving upside at Alphabet, ServiceNow and others. AI may be dividing the Magnificent 7 stocks, but in fact it’s also lifting a lot of boats. There’s still a lot of uncertainty given Trump’s yo-yo economy, and as Dave Vellante notes in his Breaking Analysis, that’s reflected in the tech spending outlook. IBM, SAP, Intel, TI and others can attest to that as their earnings reports disappointed investors. More on this week’s earnings below.

And there’s another monster earnings week coming, with reports from Amazon, Microsoft, Apple, Meta, Arm, Qualcomm, Samsung and many more.

Here’s all the enterprise and emerging tech news this week from SiliconANGLE and beyond:

AI and data: Trump weighs in, for better or worse

Policy

White House releases broad set of AI policy recommendations “Objective truth.” Yeah, good luck with that. Anyway, these clowns aren’t interested in truth of any kind. This likely doesn’t end well for fostering good AI models.

And with more crazy talk like this, why would anyone have faith in Trump’s ability to trust what he says he will do? In AI Action Plan speech, Trump reveals he considered breaking up Nvidia

Food for thought

AI is dividing the fortunes of the Magnificent Seven (per the Wall Street Journal). Though I think this could be temporary, at least in Alphabet’s case, as the article notes — and as Alphabet’s earnings hint at.

Holistic AI report: Red teaming could’ve prevented Grok 4’s public collapse

AWS reportedly shutters AI research lab in Shanghai

Money matters

Musk allies to raise up to $12B for xAI chips as startup burns through cash (per WSJ)

Anthropic in talks to raise $2B-3B from Middle Eastern investors (per Financial Times) As Corey Quinn put it a in a Bluesky post for the ages: “When your product costs an arm and a leg to build, get yourself an investor with a bonesaw.”

Amazon buys wearable AI device maker Bee for an undisclosed sum

Multimodal AI startup Reka AI raises $110M at $1B valuation

Gupshup raises $60M+ to expand its conversational AI and messaging platform

LegalOn raises $50M to expand legal AI product development and global reach

Trunk Tools raises $40M to revolutionize how construction teams interact with project data

Delve gets $32M to delve further into the world of agentic AI compliance

Composio raises $25M in funding to ease AI agent development

New models and services

Google debuts no-code Opal tool for building ‘AI mini apps’

New Google AI system wins gold medal in prestigious math competition

Google DeepMind is now using AI to better understand ancient Roman history

Amazon Nova AI Challenge highlights secure AI development under real attack scenarios

StarTree to support Apache Iceberg in a bid to expand lakehouse use cases

Leena AI announces voice-enabled AI ‘colleagues’ who can work alongside you

Upwork launches AI-conducted interviews to help employers sift through job applicants faster

Cequence unveils AI Gateway to secure real-time connectivity between agents and enterprise apps

AWS expands its Generative AI Innovation Center with $100M investment

There’s even more AI and big data news on SiliconANGLE

Around the enterprise: Tech spending’s up in the air

Tech spending remains persistently uncertain

OpenAI partners with Oracle to develop 4.5 more gigawatts of data center capacity

Things steadily look brighter for IPOs, at least for now:

Figma seeking $1B+ IPO that could value it at $16.4B valuation

Edge AI chipmaker Ambiq Micro aims to raise up to $85M in its IPO

Crypto custodian BitGo files confidentially for IPO

So did tax and compliance platform provider Avalara

Earnings

Intel to lay off 15% more staff by year-end and scale back foundry investments And more fallout from Intel’s decline: Intel to spin off NEX networking business into independent company

Alphabet beats earnings targets, but investors worry about increased AI spending

AI mainframe sales help IBM beat Street’s earnings targets, but software miss upsets investors

SAP slips up, misses the Street’s revenue targets, and its stock sinks

ServiceNow’s agentic AI push pays off with blowout earnings and strong revenue growth

Pegasystems’ strong earnings and revenue don’t impress investors, and its stock flounders

Tesla earnings match forecasts amid slump in vehicle sales

NXP delivers bullish guidance despite declining revenue, but investors were not convinced

Texas Instruments stock falls on weak earnings outlook

Other money matters

AMD CEO Lisa Su says US-made TSMC chips are somewhat more expensive but worth it for domestic resilience

Compliance startup Vanta valued at $4.15B in new $150M round

Portable data center startup Armada gets $131M to power computing operations in remote locations

BetterComp raises $33M to expand compensation management platform

Lumotive nabs $14M for its liquid crystal beamforming chips

New products and services

Hailo launches Hailo-10H chip with support for generative AI at the edge

Efficient Computer targets edge workloads with highly efficient Electron E1 chip launch

CircleCI launches Team Toolkit to reduce strain between developer speed and centralized control

Policy

EU cloud provider group files complaint over Broadcom’s VMware acquisition

UK antitrust watchdog signals new rules for Apple, Google mobile platforms

We have lots more news on cloud, infrastructure and apps

Cyber beat: SharePoint scare

Attack & response

Active attacks target Microsoft SharePoint zero-day affecting on-premises servers Microsoft weighs in with advice now that specific attacks are underway, so now it’s on customers to patch: Microsoft finds China-linked hackers are targeting SharePoint deployments

Iranian hackers expand Android spyware campaign amid Middle East tensions

How DarkForums filled the gap left by defunct hacking forum BreachForums

Malware-as-a-service turns Android hacking into a plug-and-play business

Money matters

Darktrace acquires Mira Security to boost encrypted traffic visibility

HeroDevs raises $125M to provide long-term support for legacy open-source software

Inforcer raises $35M to help managed service providers automate Microsoft 365 security for smaller firms

New services

Tenable enhances vulnerability rating system with AI to improve risk prioritization

Aqua Security launches Secure AI Advisory Program to guide real-world AI protection

Malwarebytes expands cloud platform with real-time email security capabilities

Intruder releases free tool to detect broken API authorization

New Exabeam partner program emphasizes training and business development over revenue

Seemplicity adds AI-powered features to streamline security remediation workflows

Intel 471 introduces Guided Threat Hunts to streamline advanced threat detection

More cybersecurity news here

Elsewhere in tech

Telegram receives built-in crypto wallet for millions of US users

Lyft partners with Benteler to launch autonomous shuttle service

Robot guard dog firm Asylon raises $26M for autonomous security

Electric trucking startup Nevoya raises $9.3M to grow zero-emissions freight network

And check out more news on emerging tech, blockchain and crypto and policy

Comings and goings

C3 AI CEO Tom Siebel to resign for health reasons

Pete DeJoy, co-founder of data orchestration and observability firm Astronomer, is becoming interim CEO, succeeding Andy Byron, who just resigned for, well, you must have read about it.

Enterprise software vet Matt McClernan quickly moved up from chief revenue officer to CEO of Augment Code, succeeding Scott Dietzen, who remains a board member.

Microsoft‘s poaching of AI experts from Google continued with the hire of Amar Subramanya, former vice president of engineering at Google’s Gemini (per GeekWire).

No indication yet that it’s related, but Gabe Monroy, VP and GM of Cloud Runtimes at Google, and a former Microsoftie, is leaving for parts unknown.

Former OpenAI researcher Zhao Shengjia will join Meta Superintelligence Labs as chief scientist.

Former AWS CEO Adam Selipsky joined Circle Internet Group‘s board.

Identity security firm CyberArk named Kathy Cullen-Cote from Teradata its new chief people officer.

What’s next

Events

Aug. 2-7: Black Hat USA, Las Vegas: SiliconANGLE will be onsite with the news, and TheCUBE will wrap up analysis and interviews on Aug. 8.

Earnings

Monday, July 28: Cadence

Tuesday, July 29: Commvault, PayPal, Freshworks, Seagate

Wednesday, July 30: Microsoft, Meta, Arm, Qualcomm, Samsung, Check Point Software, Equinix, Confluent, F5 Networks, Tenable, Western Digital, Robinhood

Thursday, July 31: Amazon, Apple, Cloudflare, Kyndryl, Coinbase, Five9

Image: SiliconANGLE/Reve