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Techmeme

BNY, the world's top bank for safeguarding assets, plans to use blockchain tech for its transfer agency record-keeping systems, which service $8.6T in assets (Financial Times)

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OpenAI, Google, Meta, BlackRock, and others are recruiting electricians and carpenters by the thousands, with some of the highest pay the industry has ever seen (Lydia DePillis/New York Times)

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Lake Mary, Florida-based Spur Intelligence, which helps distinguish human and bot traffic to find fake users and threats, raised $200M led by Insight Partners (Julie Bort/TechCrunch)

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Freehand, which builds AI agents to manage supply chain spend and operations for Fortune 500 companies, raised a $75M Series B, after a $25M Series A in 2024 (Mary Ann Azevedo/Crunchbase News)

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London-based Agon, which is developing sovereign AI training infrastructure for European defense, emerges from stealth with a $7M pre-seed and a $23M seed (Ingrid Lunden/Resilience Media)

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Sources: Moonshot AI hit a $35B valuation after closing a $3.5B round, exceeding its initial target of $1B to $2B, and plans a Hong Kong IPO as soon as 2026 (Bloomberg)

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CXMT's IPO prospectus showed Alibaba had a ~5% stake, which is now worth $20B+, a nearly 20x return, based on CXMT's ~$464B closing market cap on July 28 (Wency Chen/South China Morning Post)

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Russia's FSB charges Telegram founder Pavel Durov with facilitating terrorist activities, including by Ukraine, and issues an international arrest warrant (Reuters)

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A look at Kioxia, the Japanese NAND flash maker that went from being cash-strapped in 2023 to an expected 30-fold jump in operating income in Q1 FY 2026 (Bloomberg)

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GPTZero finds AI hallucinations in four PwC Middle East reports; GPTZero's earlier investigations led EY and KPMG to retract reports with similar issues (Financial Times)

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ETH Zurich spinout ZuriQ, which is developing trapped-ion quantum computing processors based on a 2D architecture, raised a $25.5M seed led by Quantonation (Tamara Djurickovic/Tech.eu)

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Sources: Google DeepMind has reassigned the majority of the original authors of the AlphaFold papers; about a quarter of the papers' full-time authors have left (Madhumita Murgia/Financial Times)

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OpenAI releases an "early" version of the open-source Codex Security CLI for scanning repositories, verifying fixes, adding CI/CD security checks, and more (@openai)

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Mark Zuckerberg says the US should not ban Chinese AI models and that AI model peer reviews or vetting could be positive if "done well with thoughtful people" (Hannah Murphy/Financial Times)

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Doctors and researchers worry that FDA-related wagers on Kalshi and Polymarket could compromise drug development tests and erode public trust in the process (Rebecca Robbins/New York Times)

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Anthropic faces backlash from Silicon Valley partners, founders, and researchers for competitive tactics, guardrails, and lack of support for open-weight models (Wall Street Journal)

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OpenAI says the rogue AI that breached Hugging Face used exposed credentials from "four accounts" tied to four "publicly available" third-party services (Wired)

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xAI sues Minnesota's AG over a state law banning apps and sites that create fake, sexualized pictures of individuals, claiming it violates the First Amendment (Riley Moser/CBS News)

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SK Hynix reports Q2 revenue up 257% YoY to ~$54.34B, below ~$57.56B est., and operating profit up 557% YoY to ~$41.48B, below ~$43.85B est.; its stock falls 9% (Jenny Lee/CNBC)

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Security- and AI-related startups raised $855M across 150+ reported seed-stage rounds in 2026, on track for an all-time high; Oak raised $60M, the largest seed (Joanna Glasner/Crunchbase News)

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OpenAI and Anthropic release statements in support of the "Pacing the Frontier" initiative; Anthropic says Dario Amodei and several co-founders have signed it (Anhata Rooprai/Reuters)

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NXP reports Q2 revenue up 19% YoY to $3.5B, vs. $3.46B est., as it struggled to impress investors with a generally upbeat Q3 forecast; NXPI down 5%+ after hours (Christina Kyriasoglou/Bloomberg)

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Sources: the OpenAI agent that breached Hugging Face also compromised a customer at AI infrastructure company Modal Labs (Reuters)

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Bitcoin miner and AI infrastructure company Ionic Digital surged more than 25% to nearly $63 in its Nasdaq debut, giving it an implied valuation of ~$2.75B (Kyle Baird/The Block)

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Hugging Face publishes a timeline of the OpenAI agent intrusion, including how the agent took ~17.6K actions, and details using GLM-5.2 to analyze the attack (Hugging Face)

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Seagate reports Q4 revenue up 49% YoY to $3.6B, vs. $3.5B est., adjusted earnings of $5.71 a share, above analysts' forecast of $5.10; STX jumps 6%+ after hours (Nate Wolf/Barron's Online)

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The US FCC bans importing Chinese humanoid robots and power inverters to protect the US AI buildout from national security threats and to reshore key industries (Reuters)

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Coursera is investing $100M in LearnVector, a new AI education company founded by Andrew Ng that aims to build AI agents that function as personal tutors (Ina Fried/Axios)

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Over 1,100 staffers from AI companies, including John Schulman and OpenAI's Jakub Pachocki, sign a letter requesting the US government to "pace" AI development (Bloomberg)

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Q&A with Sam Altman on the Hugging Face breach, the race for compute, distillation, open source, the concentration of power, robotics, OpenAI's future, and more (Invest Like The Best on YouTube)

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The Agentic AI Foundation updates MCP with a fully stateless architecture, a hardened authentication model, a formal 12-month deprecation policy, and more (Michael Nuñez/VentureBeat)

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Mark Zuckerberg argues that superintelligence should be widely distributed as a tool that empowers everyone, rather than centralized in a few institutions (Mark Zuckerberg/Wall Street Journal)

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NYC-based AI startup Runlayer sues Rippling for allegedly stealing trade secrets to "build essentially a clone" of Runlayer's safety and governance product (Taylor Herzlich/New York Post)

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Anthropic says Claude Mythos Preview was able to break a weaker version of AES and orchestrated another improved attack against the cryptographic system HAWK (Dustin Volz/New York Times)

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Tel Aviv-based Hush Security, which lets organizations securely control enterprise AI agents, raised a $30M Series A, bringing its total funding to $41M (Ionut Arghire/SecurityWeek)

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July 16 letter: the US EPA says power plants providing electricity only to data centers and not to the public grid wouldn't be subject to federal pollution laws (Tim McLaughlin/Reuters)

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eBay and former executives agree to pay a nearly $56M settlement to resolve a 2021 civil case over the 2019 stalking and harassment of two e-commerce bloggers (Annie Palmer/CNBC)

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Filing: Shein says its US business is under FTC investigation and it is "cooperating", without giving specifics, as the company prepares for an IPO in Hong Kong (Gabrielle Fonrouge/CNBC)

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Corning's stock closed down 12.1% after weak Q3 guidance, as production limits on its AI connectivity products squeeze its growth; Q2 sales rose 17% to $4.74B (Adriano Marchese/Wall Street Journal)

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Mate, which is developing a platform to allow AI agents to detect, respond to, and proactively hunt threats, raised a $35M Series A led by Canaan Partners (Meir Orbach/CTech)

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Data security startup Cyera, founded in 2021, agrees to acquire Oasis Security, which was founded in 2022 and provides non-human identity security, for $1B (Kyle Alspach/CRN)

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Sources: OpenAI and Anthropic are lobbying the Trump administration to make sure lagging competitors also have to comply with government reviews of their models (Stephanie Palazzolo/The Information)

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GrubMarket, which connects wholesalers and distributors to grocers and other food buyers, confidentially files for a US IPO; it was valued at $4.5B in February (Arasu Kannagi Basil/Reuters)

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Memo: Visa is cutting ~2,600 jobs, or ~7% of staff, primarily affecting tech and product teams; source: Visa plans to reinvest in stablecoin and other offerings (Paige Smith/Bloomberg)

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Core Scientific and AMD announce a deal under which AMD will secure 500+ MW of US data center capacity starting in 2027, with the ability to scale up to 2.5 GW (Naga Avan-Nomayo/The Block)

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Fish Audio, which offers AI voice models for creators and enterprises and has $21M in ARR, raised a $52M seed led by Coreline Ventures and Capital Today (Ivan Mehta/TechCrunch)

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UK startup Dwelly, which buys real estate businesses and adds AI to handle maintenance, contracts, and other tasks, raised $95M in equity and $75M in debt (Yazhou Sun/Bloomberg)

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Richard Socher's Recursive Superintelligence signs a $410M, multiyear AWS compute deal to support its self-improving AI systems, after raising $650M in May (Russell Brandom/TechCrunch)

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Tel Aviv-based Act Security, whose platform reduces the access surface across cloud infrastructure, emerges from stealth with a $40M Series A and a $20M seed (Chris Metinko/Axios)

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Sources: Moonshot is seeking access to more Nvidia Blackwell chips to prepare for Kimi K4's development, after training K3 on Nvidia chips, including Blackwell (The Information)

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