Morning Scan

The post-Google I/O hangover is settling in, and the picture is messier than the keynote suggested. Regulators are circling, a pope is weighing in, and Jony Ive designed a Ferrari that starts at $640K.

$2B — The US government's quantum computing investment push may be legally shaky, per Ars Technica's read of the underlying authority. (Ars Technica)

---

Machines & Minds

Nvidia Earnings, The AI Stack, Nvidia's New Reporting

Nvidia restructuring its reporting to separate hyperscaler sales from everyone else puts the commoditization question directly on the table. (Stratechery)

Pichai Says Google Is 'A Bit Behind' On Agentic Coding

Rare candor from a CEO at his own conference, and the kind of admission that tends to accelerate acquisition chatter. (Search Engine Journal)

Google's Intelligent Search Box

"The era of the ten blue links is officially over" — either a triumphant product moment or an admission that Google is eating its own ad business. (Michael Tsai)

The Pope Takes On AI

Pope Leo XIV warned that the AI boom risks concentrating too much power in Big Tech's hands — a systemic critique with a track record of aging well. (Big Technology)

SoftBank's Shares Hit Record High With Lift From OpenAI IPO Hopes

Markets are already pricing in an OpenAI IPO windfall for SoftBank — a bold bet on a timeline nobody has confirmed. (Bloomberg)

Connected World

EU Reportedly Plans to Fine Google Over Search Practices

A "high triple-digit million euro" fine is coming — which, at Google's scale, lands closer to a rounding error than a deterrent. (SiliconANGLE)

Cox Media Fined After Bragging It Spied on Users Through Their Phones

The $930K FTC settlement is almost beside the point. These firms marketed phone-mic surveillance as a product feature. (The Verge)

Ride-Share Drivers in Massachusetts Formally Unionize

The first formally certified gig-worker union in the US is a genuine precedent, and Uber and Lyft's legal teams are presumably already very busy. (NYT)

Spain Blocks Polymarket and Kalshi Over Missing Gambling Licences

Prediction markets are learning what crypto learned a decade ago: European regulators will block first and ask questions later. (The Next Web)

US's Big Bet on Quantum Computing May Not Be Entirely Legal

The $2B quantum push may have bypassed congressional appropriations authority — a procedural problem that could unwind the whole thing. (Ars Technica)

Connected World

Dropbox After Drew

Drew Houston's exit from Dropbox closes a chapter on a company that was once the defining cloud-storage story and is now a footnote in the AI productivity stack. (Sources News)

Ferrari Reveals $640,000 EV Co-Designed by Jony Ive

Jony Ive's post-Apple design career is on a different tax bracket, and the Luce is the most expensive proof of concept the design world has seen. (MacRumors)

Workers At TheGamer Say Site's New Pay-Per-Session Contract Is 'Heartbreaking'

Valnet rolling out pay-per-session contracts across its games media portfolio shows where AI-squeezed content economics are heading. (Aftermath)

Iran Orders Reopening of International Internet Access After 87-Day Blackout

Eighty-seven days is a long time to run a country's economy on a domestic intranet. The reconnection will be as revealing as the shutdown was. (Reuters)