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PE firm Advent International agrees to acquire U-blox, a SIX Swiss Exchange-listed wireless and positioning chipmaker, for about $1.3B via public tender offer (Andrea Figueras/Wall Street Journal)

Canva launches a staff stock sale to new and existing investors at a $42B valuation, up 30%+ from $32B in 2024, reports $3.3B+ annualized sales and 240M+ MAUs (Olivia Poh/Bloomberg)

Sources: US Commerce Secretary Howard Lutnick is looking into government equity stakes in Micron, TSMC, Samsung, and others that receive CHIPS Act funding (Reuters)

EliseAI, which provides AI tools for healthcare and housing industries, raised a $250M Series E led by a16z, doubling its valuation to $2.2B from August 2024 (Krystal Hu/Reuters)

SoftBank's shares plunged up to 9.2% on August 20, as tech stocks in Japan, South Korea, Taiwan, and Hong Kong fell after US tech stocks dropped overnight (Amala Balakrishner/CNBC)

The Nasdaq fell 1.4% on August 19, as Nvidia dropped 3.5% and Arm 5%, with AI enthusiasm cooling after a critical report from MIT and a warning from Sam Altman (Financial Times)

Vantage Data Centers plans to spend $25B+ to build a 1.4 GW data center campus in Shackelford County, Texas, the largest in its global portfolio (Jaspreet Singh/Reuters)

A look at Justin Sun's lawsuit against Bloomberg for publishing his holdings, which he claims he provided confidentially to qualify for its Billionaires Index (Molly White/Citation Needed)

Firecrawl, which offers an open-source web crawler for developers and AI agents, raised a $14.5M Series A led by Nexus Venture Partners (Julie Bort/TechCrunch)

The White House launches an official TikTok account, aiming to communicate President Trump's policies; the first video shows Trump declaring "I am your voice" (Steve Holland/Reuters)

US Commerce Secretary Howard Lutnick says Intel must give the government an equity stake in the company in return for CHIPS Act funds; INTC closed up 7% (CNBC)

Microsoft rolls out a COPILOT function in Excel for users in the Beta Channel, letting them use text prompts to categorize data, summarize feedback, and more (Sean Endicott/Windows Central)

Alibaba releases Qwen-Image-Edit, the image editing version of Qwen-Image, supporting modifications of Chinese and English text while preserving font and style (Carl Franzen/VentureBeat)

Austin-based Aalo Atomics, which is building a modular nuclear reactor and data center, set to finish construction in 2026, raised a $100M Series B led by Valor (Julia Hornstein/Business Insider)

Federal prosecutors charge an Oregon man with operating the Rapper Bot, one of the most powerful DDoS botnets ever seen, which knocked X offline earlier in 2025 (Robert McMillan/Wall Street Journal)

Bullish says it has received all $1.15B in capital raised from its IPO in stablecoins, including USDC, USDG, and PYUSD, marking a first for US public markets (Krisztian Sandor/CoinDesk)

Wyoming launches a stablecoin, FRNT, marking the first time a US state has issued a blockchain-based, fiat-pegged token to be used by retail and enterprises (Daniel Kuhn/The Block)

Source: Pylon, which uses AI to automate B2B customer service, raised $31M led by a16z and Bain Capital at a valuation in the hundreds of millions of dollars (Stephanie Palazzolo/The Information)

Meta rolls out AI-powered voice translations for creators on Facebook and Instagram globally, supporting English-Spanish translations with lip syncing (Sarah Perez/TechCrunch)

Robinhood, in partnership with Kalshi, launches a sports prediction market on Robinhood Derivatives, letting users trade on pro and college football games (RT Watson/The Block)

Google will pay $30M to settle a class action lawsuit alleging it violated kids' privacy on YouTube by collecting data without parental consent for targeted ads (Jonathan Stempel/Reuters)

Sources: Meta considers downsizing its AI division, with some executives expected to leave, and is exploring using third-party models for its AI products (New York Times)

Memo: Meta restructures Superintelligence Labs; Alexandr Wang heads TBD Lab, Robert Fergus heads FAIR, Nat Friedman heads products, Aparna Ramani heads Infra (Riley Griffin/Bloomberg)

Google proposes Play Store changes in the EU, like making it easier for developers to direct users to websites and a new tiered fee structure, after EU scrutiny (Samuel Stolton/Bloomberg)

Functionize, which offers a cloud platform that uses AI to speed up software testing, raised a $41M Series B, bringing its total funding to $67M+ (Maria Deutscher/SiliconANGLE)

Tether hires Bo Hines, who stepped down as White House Crypto Council Executive Director earlier in August, as an adviser to help it expand in the US (Prakhar Srivastava/Reuters)

What to expect from Google's "Made by Google" Pixel hardware event on August 20: four Pixel 10 phones, including a Pro Fold, Pixel Watch 4, and Pixel Buds 2A (Dominic Preston/The Verge)

NYC-based Keychain, which makes AI-based software that helps manufacturers manage their product cycles, raised a $30M Series B, taking its total funding to $68M (Jagmeet Singh/TechCrunch)

Bill Gates backs the Alzheimer's Insights AI Prize, which gives $1M to a team making AI to "accelerate breakthrough discoveries from existing Alzheimer's data" (Stephen Morris/Financial Times)

A survey of 4,446 US adults on AI: 71% are concerned AI will put "too many people out of work permanently", 61% worry about electricity consumption, and more (Reuters)

DeepSeek releases V3.1, adding a longer context window, with few other details; Chinese media blames CEO Liang Wenfeng's perfectionism and bugs for R2's delay (Bloomberg)

NYC-based Eight Sleep, which makes the AI-powered Pod smart mattress cover for measuring sleep, raised $100M from HSG and others, after an $86M Series C in 2021 (Kate Park/TechCrunch)

Sources: Nvidia is developing a new Blackwell-based AI chip for China, tentatively known as the B30A, that will be more powerful than its H20 model for China (Reuters)

Xiaomi reports Q2 revenue up 31% YoY to ~$16.2B, above ~$16B est., and net income up 134% YoY to ~$1.6B, driven by EV sales countering slowing smartphone demand (Linda Lew/Bloomberg)

Databricks is finalizing a Series K at a $100B valuation, up 61% from its December 2024 round; sources say it is co-led by Thrive and a16z plans to participate (Angel Au-Yeung/Wall Street Journal)

Sources: Masayoshi Son met Lip-Bu Tan to discuss SoftBank acquiring Intel's faltering foundry business in the weeks before announcing SoftBank's $2B investment (Financial Times)

Sources: Apple is making all four iPhone 17 models in India ahead of debut, a first, as it expands to five factories to cut reliance on China for US-bound units (Bloomberg)

Tim Sweeney says the UK's mobile app store regulation lags "well behind" other countries, and calls the CMA delaying its iPhone sideloading decision a "blunder" (Tim Bradshaw/Financial Times)

OpenAI launches ChatGPT Go, a new India-only plan priced at Rs. 399, or ~$4.57, per month, its most affordable yet, to grow users in its second-largest market (Kashish Tandon/Reuters)

A US federal appeals court rejects T-Mobile's bid to overturn a $92M fine for illegally selling customer location data without consent, after a 2024 FCC ruling (Jon Brodkin/Ars Technica)

US Director of National Intelligence Tulsi Gabbard says the UK has dropped its mandate requiring Apple to provide a backdoor for accessing users' encrypted data (Kanishka Singh/Reuters)

The US FTC sues Key Investment Group, operator of sites like TotalTickets.com, for evading purchasing limits to buy up and resell live event tickets at a markup (Jody Godoy/Reuters)

An MIT report finds that 95% of GenAI pilots at companies have little to no financial impact, due to the "learning gap" for both the tools and the companies (Sheryl Estrada/Fortune)

Nvidia debuts Nemotron-Nano-9B-v2, a hybrid Mamba-Transformer model, saying it achieves comparable or better accuracies than Qwen3-8B on reasoning benchmarks (Carl Franzen/VentureBeat)

SoftBank agrees to invest $2B in Intel, paying $23 per share for Intel's common stock and buying ~2% of its outstanding shares; INTC rises ~4% pre-market (Kif Leswing/CNBC)

American Exceptionalism Acquisition, a SPAC led by Chamath Palihapitiya and focused on energy, AI, DeFi, and defense, files for a US IPO, seeking to raise $250M (Kia Kokalitcheva/PitchBook)

Blockchain-based lender Figure files for a US IPO, reporting H1 2025 revenue up 22.4% YoY to $191M and a profit of $29M, compared with a $13M loss in H1 2024 (Arasu Kannagi Basil/Reuters)

Source: Arm hires Amazon AI chip director Rami Sinno to help develop its own chips; Sinno previously worked on Amazon's Trainium and Inferentia chips (Max A. Cherney/Reuters)

Palo Alto Networks reports Q4 revenue up 16% YoY to $2.54B, vs. $2.5B est., and Q1 and FY 2026 guidance above estimates; PANW jumps 4%+ after hours (Samantha Subin/CNBC)

Palo Alto Networks founder Nir Zuk retires and steps down as CTO and board member; Chief Product Officer Lee Klarich becomes CTO and joins the board (Dean Seal/Wall Street Journal)