Magnificent 7 Weekly Briefing

July 17, 2026

Nvidia expands in Japan, Google and Apple face significant legal and AI hurdles, and Tesla hits record delivery numbers and more.

• Nvidia strengthened its presence in Japan by launching the Cosmos 3 Edge model for vision reasoning and partnering with the government to build a national AI infrastructure powered by upcoming Vera Rubin chips. ^12345678
• Google's AI efforts face multiple hurdles as reports indicate the Gemini 3.5 Pro model is delayed due to technical shortfalls, while the company is simultaneously being sued by book publishers for allegedly using copyrighted content to train its AI. ⁹¹⁰¹¹
• Apple is embroiled in legal conflict with OpenAI, filing a lawsuit alleging the theft of trade secrets and confidential files by former employees, while also facing U.S. lawmaker pressure to block its sourcing of memory chips from China's CXMT. ^121314151617
• The Magnificent 7 are navigating a wave of antitrust and regulatory challenges, including the EU preparing fines for Google over DMA violations and Amazon facing a bid to revive a lawsuit regarding alleged illegal restrictions on retail sales. ^{1819202122232425}
• Microsoft and Google addressed critical cybersecurity vulnerabilities as Microsoft released a record number of patches for zero-day exploits and Google faced scrutiny over reports that its AI search features routinely failed to recognize risky behavior for children. ^262728293031
• Tesla reported its strongest-ever second quarter with over 480,000 vehicle deliveries, though the company continues to face federal safety investigations into high-speed crashes and its autonomous robotaxi ambitions. ^323334353637
• Other notable developments include Amazon announcing a $48 billion investment in India, Meta expanding its Louisiana data center to 5GW, and Apple achieving a record 20% global smartphone shipment share despite an industry-wide downturn. ^383940414243

Sources

1. Nvidia unveils Cosmos 3 Edge model in Japan SiliconANGLE
2. NVIDIA partners with Japan to build the first national AI infrastructure Nvidia
3. Japan Buys Nvidia Rubin Chips for Sovereign Robot AI Bloomberg
4. NVIDIA announces Japan's leaders building on Cosmos for physical AI Nvidia
5. Nvidia announces Japanese enterprises adopt Nemotron open models Nvidia
6. NVIDIA CEO Jensen Haung: Our Next Product Is on Pace for "Giant" Sales Volumes 24/7 Wall St.
7. NVIDIA and Japan showcase full-stack AI and robotics advancements Nvidia
8. Nvidia’s Huang Declares Vera Rubin on Track Despite Delay Talk Bloomberg
9. Google's Gemini 3.5 Pro release faces delay: report Seeking Alpha
10. Publishers accuse Google of stealing copyrighted content in new lawsuit Le Monde
11. Google Gemini Launch Delayed as Tech Falls Short of Internal Goals Bloomberg
12. Apple (AAPL) Faces Lawmaker Push To Block CXMT Memory Chip Sourcing Yahoo Finance
13. Apple accuses its former chief designer of stealing secrets Realtid
14. Why Apple cares so much about a metal finishing Fast Company
15. OpenAI's partnerships with Microsoft and Apple end in acrimony Business Insider
16. Apple’s ‘Thermonuclear’ Response to the OpenAI Threat The Wall Street Journal
17. Apple says former employee exploited ‘rare’ bug to download confidential files after leaving for OpenAI Yahoo Finance
18. Apple, Amazon Face Bid To Revive Wash. Antitrust Suit - Law360 Law360
19. 'No Time To Waste' On Google Antitrust Reports, Judge Says - Law360 Law360
20. Amazon Allegedly Rigged Prices Across the Internet - You Paid - Gadget Review Gadget Review
21. Google Ordered to Give A.I. Rivals More Access on Android Smartphones The New York Times
22. Google, Epic Drop Bid To Alter Injunction In Antitrust Case - Law360 Law360
23. EU prepares Google fines over DMA violations Financial Times
24. Third-party app stores coming to Google Play next week as Epic settlement withdrawn Ars Technica
25. Court Economist Says Epic-Google Deal Isn't Evidence-Based - Law360 Law360
26. Windows 0-day drops the same day Microsoft releases record number of patches Ars Technica
27. Microsoft’s New Security Chief Replaces Top Execs to Force an AI Overhaul The Information
28. 'It's deeply disturbing.' What a new report says about risks Google's AI search features pose to kids PBS
29. Microsoft’s Secure Boot has been broken for a decade and no one noticed until now Ars Technica
30. Microsoft Warns 2 Zero-Days Already Exploited In Attacks: Update Now Forbes
31. Experts say they were able to create a rogue agent in Google’s AI platform with just a single edit permission TechRadar
32. Tesla driver accelerated into house in fatal Texas crash, NTSB says Reuters
33. Fed probe suggests Tesla's self-driving feature wasn't to blame in crash that killed a grandmother The Washington Post
34. Elon Musk's Tesla Posts Best Quarter in Two Years Yahoo Finance
35. Legal heavyweights square off in $243 million Tesla crash appeal Reuters
36. 3 Killed In Tesla, Motorcycle Crash On PG County Highway (DEVELOPING) Daily Voice
37. Tesla (TSLA) Faces New Robotaxi Safety Questions From Federal Regulators Yahoo Finance
38. Amazon layoffs hit Florida as warehouses close for renovations USA Today
39. Meta to announce second quarter 2026 results Meta
40. Second report says Apple posted its strongest-ever Q2 for iPhone shipments - 9to5Mac 9to5Mac
41. Report: Apple hits record 20% global smartphone shipment share as market plunges 9to5Mac
42. Meta expands its Louisiana data center to 5GW Meta
43. Amazon announces $48B India investment and disaster relief Amazon