Daily Recap: Tech — 7 July 2026

Today’s tech story is really about control: who owns the hardware, the models, the users, and the future revenue. In China, DeepSeek is reportedly developing its own inference chip, a potentially significant bid to reduce dependence on Nvidia and Huawei and tighten its grip on the AI stack. At the same time, Beijing is said to be weighing limits on foreign access to its most advanced AI models, underscoring how frontier AI is increasingly treated as strategic infrastructure. Elsewhere, AI investment is still accelerating: DXC has opened a major AI-first customer experience centre in Bengaluru, betting that enterprises are ready to move from pilots to deployment. But tech’s governance problems remain stubbornly practical—researchers say Australia’s under-16 social media ban can still be bypassed with a false birthdate. And in gaming, IO Interactive is cutting staff and closing its Istanbul studio after Xbox withdrew support for Project Fantasy, a reminder that ambitious projects still hinge on who pays.

Top Tech stories

• DeepSeek developing its own AI inference chip, Reuters cites sources (12 sources)
• China weighs restricting foreign access to advanced AI models, Reuters reports (11 sources)
• Study finds Australia’s under-16 social media ban fails initial age-check requirements (8 sources)
• Meta launches Muse Image, an in-house AI image generator across Meta AI, Instagram and WhatsApp (7 sources)
• DXC opens AI-first customer experience centre in Bengaluru (6 sources)
• IO Interactive closes Istanbul studio, lays off staff after Xbox cuts Project Fantasy funding (6 sources)
• SNP-backed move prompts Scotland to consider moratorium on new AI data centres (4 sources)
• Ashneer Grover responds after X user asks him to donate Rs 900 crore (4 sources)

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