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The US CFTC staff describe chaos, cutbacks, and an atmosphere of resentment and paranoia as the agency prepares to take on new crypto regulatory duties (Bloomberg)

UK filings: TikTok's revenue in the UK, Europe, and Latin America grew 38% YoY to $6.3B in 2024, up from $2.6B in 2022 (Forbes)

How AI tools from ElevenLabs and others were used to recreate a woman's voice, lost to motor neuron disease, from just eight seconds of audio on a VHS tape (Beth Rose/BBC)

Casca, which offers AI-powered tools for banks to accelerate loan application and origination processes, raised a $29M Series A led by Canapi Ventures (Mike Wheatley/SiliconANGLE)

AI infrastructure company Crusoe acquires Israeli startup Atero, whose tech optimizes GPUs for AI workloads, in a cash and stock deal estimated at ~$150M (Meir Orbach/CTech)

Twin Health, which uses AI-based digital twin tech to provide personalized diabetes and metabolic health guidance, raised a $53M Series E at a $950M valuation (Jessica Hagen/Mobi Health News)

Austin-based Overhaul, an in-transit supply chain risk management company, raised a $105M Series C led by Springcoast Partners and Edison Partners (Liz Young/Wall Street Journal)

KnowledgeLake, which uses AI and RPA to help organizations automate their work with documents, raised $65M in a majority growth round led by Edison Partners (Mike Wheatley/SiliconANGLE)

Tel Aviv-based Seemplicity, whose AI-based tech automates enterprise vulnerability and exposure management, raised a $50M Series B led by Sienna Venture Capital (Rick Whiting/CRN)

The @xAI Grok 2.5 model, which was our best model last year, is now open source. Grok 3 will be made open source in about 6 months. https://huggingface.co/... (Elon Musk/@elonmusk)

A journalist recounts shipping code as a vibe coding engineer during a two-day stint at Notion, working alongside engineers using AI tools like Cursor (Lauren Goode/Wired)

A look at the collapse of narrative podcasts, facing high production costs and limited ad revenue, despite overall podcast listenership reaching all-time highs (Eric Benson/Rolling Stone)

An interview with Alex Kachkine, who shook the art world in June with a research paper in Nature on restoring paintings using AI, as he works to refine the tech (Ephrat Livni/New York Times)

OpenAI warns investors against "unauthorized opportunities" to gain exposure to its equity, including through special purpose vehicles (Anthony Ha/TechCrunch)

A look at Texas Instruments' new 300mm wafer fab in Sherman, Texas, a part of its $60B US investment megaproject where some chips for iPhones will be made (Katie Tarasov/CNBC)

Airbnb co-founder Joe Gebbia, named by Trump as the first US chief design officer, says he wants to update federal websites to an "Apple Store-like experience" (Mike Allen/Axios)

Some lawyers and bankers say the Intel deal may face legal challenges as the CHIPS Act may not allow the US government to convert grants into equity (New York Times)

Sources: in a meeting with UK Technology Secretary Peter Kyle, Sam Altman proposed giving ChatGPT Plus to everyone in the UK, a deal that would have cost £2B (The Guardian)

Some experts say Trump's extraordinary intervention is unlikely to save Intel, which faces challenges with poor yields and competition from TSMC and Nvidia (Reuters)

Sources: Foxconn recalled ~300 Chinese engineers from its Indian plant making iPhone parts, replacing them with Taiwanese staff, its second such move in months (Bloomberg)

How AI is increasingly being used to replace human content moderators, who say that the tech is not yet capable of reliably identifying harmful content (Cecilia D'Anastasio/Bloomberg)

Q&A with David Luan, head of Amazon's AGI research lab, on leaving Adept in a reverse acquihire deal, why he believes progress on AI models has slowed, and more (Alex Heath/The Verge)

A surge in AI company valuations is driving the popularity of special purpose vehicles, but some involve high fees, opaque structures, and layers of middlemen (Business Insider)

FanDuel partners with CME Group to offer event-based contracts, letting users wager "yes" or "no" on financial events and benchmarks, starting later this year (Dean Seal/Wall Street Journal)

TSMC's financial statement shows the company booked its first profit from its four-year-old Arizona subsidiary in H1 2025, reporting $150.1M in net profit (Lisa Wang/Taipei Times)

Sources: Nvidia has shown new versions of its Blackwell-based AI chips for Chinese customers to US officials, including one with ~80% of the peak performance (Wall Street Journal)

India's move to ban online real-money games over addiction and money laundering concerns appears valid, but it may push users toward offshore crypto casinos (Andy Mukherjee/Bloomberg)

Major real-money gaming platforms in India halted cash games after President Murmu signed the Promotion and Regulation of Online Gaming Act, 2025, into law (The Hindu)

Istanbul-based stock and crypto brokerage Midas raised an $80M Series B led by QED Investors, valuing the company, sources say, at nearly $1B (Bloomberg)

Sources: Visa shut down its open-banking business in the US amid regulatory uncertainty; the unit provided tools to help fintechs access customer-account data (Paige Smith/Bloomberg)

Databricks plans to acquire Tecton, which helps companies build and deploy ML applications, for an undisclosed sum; Tecton was valued at $900M in 2022 (Krystal Hu/Reuters)

On its 10th anniversary, YouTube Music gets new features, including "Taste Match" playlists similar to Spotify Blend and event notifications through Bandsintown (Sarah Perez/TechCrunch)

Pattern, an e-commerce firm that resells goods on online marketplaces, files for a US IPO, reporting net income of $32.1M on revenue of $1.1B for H1 2025 (Bloomberg)

Bluesky blocks access to its service in Mississippi, saying it doesn't have the resources to comply with the state's broad new law requiring age verification (Sarah Perez/TechCrunch)

Ether surged 15% late Friday, rising as high as $4,885 and surpassing its November 2021 record of $4,866.01 after Fed Chair Jerome Powell hinted at rate cuts (Tanaya Macheel/CNBC)

Apple sues ex-staffer for allegedly stealing Watch trade secrets to benefit Oppo before leaving Apple in June, claims Oppo knew of and encouraged his actions (Newley Purnell/Bloomberg)

Intel says the US will make an $8.9B investment by purchasing 433.3M primary shares of Intel common stock for $20.47/share; INTC closed on August 22 at $24.80 (Intel)

Meta announces a partnership with Midjourney to license the startup's "aesthetic technology" for Meta's future models and products (Alexandr Wang/@alexandr_wang)

Sources: Meta plans to launch its first glasses with a display and a wristband that lets users control the glasses with hand gestures, at Connect in September (CNBC)

Australia orders Binance Australia to hire an external auditor within 28 days over "serious concerns" with money laundering and terrorism financing controls (Richard Henderson/Bloomberg)

Ontic, whose software helps corporate security teams respond to physical threats, raised a $230M Series C led by KKR, following a $40M Series B in November 2021 (Reuters)

The US government takes a 10% stake in Intel; Howard Lutnick said earlier the US won't be on the board or play a role in Intel's governance; INTC closes up 5%+ (Wall Street Journal)

Cloud security provider Netskope files for a US IPO, reports H1 FY 2026 revenue up 30.7% YoY to $328.5M; it is seeking to raise $500M+ at a $5B+ valuation (Arasu Kannagi Basil/Reuters)

Sources: Apple is in talks with Google about using Gemini to power a revamped Siri; Google has started training a model that could run on Apple's servers (Mark Gurman/Bloomberg)

Tesla plans to roll out in-car voice assistant features powered by DeepSeek and ByteDance's Doubao in China; Tesla vehicles in the US use Grok (Linda Lew/Bloomberg)

X removes the ability for free-tier developers to like posts and follow users via its API to "protect the platform from spam, bots, and manipulative activities" (Sarah Perez/TechCrunch)

NYC grants Waymo its first permit, which extends through late September, to test up to eight of its autonomous vehicles in Manhattan and Downtown Brooklyn (Samantha Subin/CNBC)

Source: Snap is considering raising outside money to fund Spectacles development or spinning off Spectacles, to compete with deeper-pocketed rivals like Meta (The Information)

A look at the invite-only iOS and Android apps for Digg, which now operates similarly to Reddit, with links with a lot of "diggs" moving up the feed (Jay Peters/The Verge)

Sources: OpenAI has been partially using Google search results scraped by a startup called SerpApi for ChatGPT responses on current events like news and sports (The Information)