The day in tech.

Google Vids received a major AI overhaul with Gemini Omni, enabling video creation and editing through plain-language descriptions. Users can create a personal AI avatar by uploading a single selfie and a short voice recording. Personal avatars are restricted to the account holder's likeness to prevent misuse.

TSMC will invest another $100 billion in Arizona, bringing its total U.S. investment to $265 billion. The expansion includes new fabs for 2-nanometer production and advanced packaging. The move follows a record 77.4% year-over-year jump in second-quarter profit and increased annual capital expenditure to $60 billion-$65 billion.

1Password launched a browser integration that lets Anthropic's Claude use stored credentials to log into sites like Audible and Stripe without the passwords ever reaching the AI model. The zero-exposure architecture requires biometric approval for each login. The integration is available on Mac for business, family, and individual plans.

Crypto.com secured a $400 million investment from Citadel Securities at a $20 billion valuation. The funding will support expansion across all asset classes, including tokenized securities and derivatives, as institutional demand for tokenized real-world assets grows.

Databricks raised $3 billion in a funding round led by Coatue, reaching a $188 billion valuation. The investment significantly increases the company's market worth, marking one of the largest private company valuations in the tech industry.

San Francisco-based Rime raised $24 million in a Series A led by M13, with participation from Twilio Ventures, Corazon Capital, Cadenza Ventures, and Unusual Ventures. The company's speech-to-speech models power nearly 100 million phone calls monthly for clients including Mayo Clinic, Dialpad, Upstart, and Asurion.

OpenAI published details of GPT-Red, an internal automated red-teaming model that attacks OpenAI's own models to find prompt injection vulnerabilities. GPT-Red beat human red-teamers 84% to 13% on prompt injection. Human red-teaming is time-intensive and does not scale, while robustness evaluations are saturated by latest models.

XPeng launched the MONA L03 smart SUV in Munich, its first global model debuting simultaneously in China and Europe. The SUV starts at 123,800 yuan in China and €35,600 in Europe. XPeng received over 20,000 firm orders within 7 minutes of the China launch. The vehicle offers BEV and EREV variants.

SpaceX shares dipped below their $135 IPO price for the first time on Wednesday, closing at $135.27. Short sellers have earned an estimated $8.7 billion in paper profit since the IPO. The company raised $86 billion in the largest IPO in history and recently announced a $60 billion acquisition of AI coding startup Cursor.

Major League Baseball has banned the use of generative AI on dugout iPads, prohibiting custom apps that make recommendations on substitutions, pitch calling, and other in-game decisions. The mid-season policy change was delivered via a memo from the commissioner's office on June 11. As many as a third of teams were using tablets for these purposes, though no clubs face punishment after an MLB review found all organizations now compliant.