Cryptocurrencies fell 2% to $64,299.18, following a tech stock rout that saw the S&P 500 and Nasdaq Composite experience their worst day since 2022. Disappointing quarterly earnings from Alphabet and Tesla weighed on the tech sector, causing investors to rotate out of high-risk assets, including cryptocurrencies. Market strategist Joel Kruger attributed the setbacks to macro forces, including global financial market turmoil, softer economic data, and ineffective central bank moves.

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GE HealthCare is teaming up with Amazon Web Services to build new generative artificial intelligence models and tools to analyze complex medical data. The health-care industry generates nearly one-third of all data globally, but much of it is not easily accessible. For instance, 97% of the data produced by hospitals goes unused, according to a report from Deloitte.

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Meta CEO Mark Zuckerberg has been assembling a large stockpile of Nvidia chips, spending billions of dollars to develop and train advanced artificial intelligence models. He expressed concerns that companies may be overinvesting in AI, saying 'I think that there's a meaningful chance that a lot of the companies are overbuilding now and that you look back and you're like, oh, we maybe all spent some number of billions of dollars more than we had to.' Alphabet CEO Sundar Pichai also expressed similar sentiments on the company's earnings call.

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The British regulator, Financial Conduct Authority (FCA), fined Coinbase's UK arm, CB Payments Limited (CBPL), £3.5 million ($4.5 million) for breaching a voluntary agreement to stop onboarding high-risk customers. The agreement was entered into in October 2020, and CBPL was prohibited from taking on new customers considered high-risk and offering services to these customers.

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Revolut, a British fintech startup, has received a preliminary banking license with restrictions after a three-year wait. The company's UK CEO, Francesca Carlesi, stated that this is a significant step forward for Revolut and its customers. The license will enable Revolut to offer products and services that improve the financial lives of its users.

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Samsung's mobile boss, TM Roh, showcased new products at the Galaxy Unpacked event in Paris, including foldable smartphones, smartwatches, and the Galaxy Ring. The event highlights Samsung's focus on artificial intelligence and its efforts to lock customers into its ecosystem. The products were unveiled on July 10, 2024, in a Paris hotel.

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Dexcom shares plummeted more than 33% in after-hours trading after the company reported disappointing revenue for the second quarter and offered weak guidance. The company's revenue increased 15% to $1 billion, missing expectations of $1.04 billion. Earnings per share were 43 cents, beating expectations of 39 cents.

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Lineage, a four-time CNBC Disruptor 50 company, priced 57 million shares at $78 apiece, raising $4.4 billion at an implied valuation of over $18 billion. The company, the largest temperature-controlled warehouse REIT in the world, listed on the Nasdaq Stock Market under the ticker symbol "LINE."

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The Regional Transportation Commission of Southern Nevada is upgrading its security with a $33 million investment, including a system-wide AI from ZeroEyes that scans riders on its 400+ buses to detect firearms. The AI system aims to identify anyone brandishing a firearm, with seconds mattering in an active shooting situation. Tom Atteberry, RTC's director of safety and security operations, is overseeing the implementation.

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