The day in tech.

A Taiwanese minister says TSMC plans two more advanced chip packaging plants in Chiayi Science Park. All four plants are expected to generate over $9.35 billion in annual output.

The Pixel 11 Pro Fold has leaked in a new Pine colorway, a light green shade with a light gold frame. The leak shows a redesigned camera module with the flash and microphone inside the cutouts. Google is expected to unveil the Pixel 11 series at its Made by Google event on August 12 in New York.

Wall Street firms are anticipating substantial fees from a potential SpaceX initial public offering. Investment banks are positioning to handle the highly anticipated stock market debut of Elon Musk's rocket company, which could generate significant underwriting revenue for the financial institutions involved.

China's export growth slowed in June, but startup funding remained strong amid robust AI demand. The cooling exports contrast with sustained investment in technology sectors, particularly artificial intelligence, which continues to drive capital flows into Chinese startups.

OpenAI temporarily removed the five-hour usage restriction for GPT-5.6 Sol on Plus, Pro, and Business plans and issued a one-time usage reset. The company is also making the model more efficient so it consumes less usage. Users in mainland China praised the model's token efficiency despite higher per-token costs than domestic rivals.

AI bond issuance has surpassed $250 billion, testing investor demand limits. The surge in debt sales from technology companies raises questions about market appetite for AI-related securities. Investors are closely watching whether this volume can be sustained without straining credit markets.

Zhipu founder Tang Jie argued in an internal memo that frontier AI should remain broadly accessible, not controlled by a few. He released GLM-5.2 under an open-source license. The comments come as Beijing considers restricting overseas access to China's most advanced open models.

Lenovo denied using banned Chinese SSDs in its laptops, despite reports that YMTC SSDs were found shipping in some Lenovo models. The company stated it complies with all applicable laws and regulations regarding component sourcing.

India's Tata Consultancy Services plans to hire up to 8,900 AI engineers and is also seeking acquisitions to bolster its artificial intelligence capabilities. The move signals a major expansion in the company's AI workforce.

Artificial intelligence alone is insufficient to reverse China's economic slowdown. Structural challenges such as demographic shifts, debt levels, and geopolitical tensions continue to weigh on growth, limiting the impact of AI-driven productivity gains.