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Arkham Intelligence claims to have uncovered a previously undisclosed heist of 127,426 BTC, now worth ~$14.5B, from Chinese mining pool LuBian in December 2020 (www.theblock.co)
2025-8-7 China Intelligence

Foxconn partners with Taiwan-based Teco for AI servers and other AI data center hardware, taking a 10% stake, while Teco gets a less than 1% stake in Foxconn (www.bloomberg.com)
2025-8-7 Taiwan AI

The Marin Community Foundation sold 13.4M+ Figma shares for $440M+ in the IPO; source: the foundation had received the shares from Figma co-founder Evan Wallace (fortune.com)
2025-8-7 IPO

Thoma Bravo agrees to acquire a stake in Chicago-based Trading Technologies, sources say the deal values the capital markets industry SaaS provider at over $1B (www.bloomberg.com)
2025-8-7 SaaS

Xpheno: Meta, Amazon, Apple, Microsoft, Netflix, Google, and their affiliates grew their combined India headcount by 16% over the past year, adding 28K+ jobs (economictimes.indiatimes.com)
2025-8-7 India Google Amazon Microsoft Apple Netflix

Shares of Hong Kong-listed Chinese chipmaker InnoScience closed up 31% on August 1, after Nvidia named the company as a supplier for its 800V HVDC architecture (www.bloomberg.com)
2025-8-7 China Hong Kong Nvidia

Internal documents and sources detail how Cambodia's Huione Group supercharged the growth of Asia's cyberscam industry into a multi-billion dollar behemoth (www.bloomberg.com)
2025-8-7 Asia Cambodia

A profile of Rumble founder Chris Pavlovski, who declined an offer to become CEO of Truth Social and opted to provide services to the platform through Rumble (www.forbes.com)
2025-8-7

Darktrace says it plans to invest $200M in the US in 2026, up 11% YoY, as part of a push to surpass $1B in revenue and grow its US sales to 50% of its revenue (www.ft.com)
2025-8-7

Sources: Apple formed an Answers, Knowledge, and Information team for creating ChatGPT-like search experiences; an iPhone 17 Pro may have been seen in the wild (www.bloomberg.com)
2025-8-7 iPhone Apple

SAP plans to acquire HR software company SmartRecruiters, with the deal expected to close in Q4; SmartRecruiters was valued at $1.5B in a 2021 funding round (www.bloomberg.com)
2025-8-7 4Q

The US Senate confirms Sean Cairncross to serve as National Cyber Director, making him the first Senate-approved cybersecurity official of Trump's second term (www.nextgov.com)
2025-8-7 Trump Senate

As a percentage of US GDP, AI datacenter capex has passed peak telecom spending during the dot-com bubble and is likely ~20% of the peak spending on railroads (paulkedrosky.com)
2025-8-7 AI GDP

Hugging Face CEO Clément Delangue says open-source AI is vital for US innovation and the US risks losing the AI race to China if it falls behind in open source (venturebeat.com)
2025-8-7 China AI

A look at newsletter platform Beehiiv, which has a $30M ARR and fees starting at $43/month for 1,000 subscribers, unlike Substack, which takes a 10% revenue cut (www.theinformation.com)
2025-8-7

How the AI data center building boom could cause a financial crisis akin to 2008, including the rising use of short-term debt financing via private credit funds (www.noahpinion.blog)
2025-8-7 AI

Asian financial hubs are updating their stablecoin rules and companies like JD.com and Ant Group plan to become issuers, after the US embraces USD stablecoins (www.bloomberg.com)
2025-8-7

An interview with Strava CEO Michael Martin on Athlete Intelligence, the premium-only AI “coach” debuted in 2024 that has alienated experienced users, and more (www.wsj.com)
2025-8-7 Interview AI Intelligence

Young Americans are increasingly turning to BNPL loans from Affirm and others, as getting approved for credit cards becomes harder in today's economic climate (www.wsj.com)
2025-8-7 U.S. Climate Credit Card

Microsoft relied on China-based engineers to maintain SharePoint On-Premises, which Microsoft said in July was exploited by Chinese hackers to breach US systems (www.propublica.org)
2025-8-7 China Microsoft

Simulated markets study: without explicit instruction, AI trading bots collude to fix prices, hoard profits, and sideline human traders, a regulatory challenge (www.bloomberg.com)
2025-8-7 AI

EQT and CPP Investments acquire Neogov, a maker of HR and compliance software for North American public sector agencies, for $3B from Warburg Pincus and Carlyle (pitchbook.com)
2025-8-7 U.S.

Indian quick commerce companies like Swiggy, Zepto, and Flipkart pull back on adding dark stores to control their cash burn, after a rapid year of expansion (economictimes.indiatimes.com)
2025-8-7 India

Former UK Chancellor and Coinbase Advisory Council member George Osborne says the UK missed the first crypto wave and risks missing the stablecoin-driven second (t.co)
2025-8-7 Coinbase

Taiwan's chip sector is cultivating overseas talent with summer camps and university courses to address a shortage of skilled professionals and production staff (www.reuters.com)
2025-8-7 Taiwan

The UK Online Safety Act's approach to keeping children safe online has become a rallying point for the right in the UK and the US over alleged censorship (www.theguardian.com)
2025-8-7

Disney is grappling with using AI in its filmmaking process while protecting its characters against it, plus legal uncertainty, fan backlash, and union concerns (www.wsj.com)
2025-8-7 AI

Families and funeral directors are using AI obituary generators to memorialize the dead, as critics worry about AI coarsening how people remember one another (www.washingtonpost.com)
2025-8-7 AI

A profile of Figma CEO Dylan Field, a former Thiel fellow whose Figma stake is worth ~$6.6B after the company ended its NYSE debut week with a $71B+ market cap (www.cnbc.com)
2025-8-7

Xiaomi releases MiDashengLM-7B, an AI voice model based on its foundation voice model deployed in cars and smart home devices, under an Apache 2.0 license (www.bloomberg.com)
2025-8-7 AI Xiaomi

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