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Figma's stock dropped 27.38% to $88.60 on August 4 after last week's IPO pop; its fully diluted valuation sits at ~$56B, still almost triple Adobe's 2022 offer (www.cnbc.com)
2025-8-7 IPO Adobe

Broadcom unveils Jericho4, a new version of its networking chip that can connect 1M+ processors across multiple data centers and handle distances of over 100km (www.bloomberg.com)
2025-8-7

Search-engine optimization feels dated as marketers look to generative-engine optimization, or GEO, which focuses on tricking AI chatbots rather than Google (nymag.com)
2025-8-7 Google AI chatbot

Google signs a deal with two power utilities to lower its power use by pausing non-essential AI workloads during demand surges or weather-based grid disruptions (www.theregister.com)
2025-8-7 Google AI

A term sheet shows Ant will sell its remaining 5.84% Paytm stake via block deals that could total ~$433.72M; Ant sold a 4% stake in May and 10.3% in August 2023 (www.reuters.com)
2025-8-7

Internal email: Cognition offers buyouts to its ~200 newly acquired Windsurf staff, with Cognition CEO Scott Wu writing “we don't believe in work-life balance” (www.theinformation.com)
2025-8-7

The CFTC is asking for public comment by August 18 about trading spot crypto asset contracts listed on CFTC-registered futures exchanges (www.bloomberg.com)
2025-8-7 Asset CFTC

A Parkland shooting victim's parents created an AI version of their late son to speak about gun safety, starting with an interview with journalist Jim Acosta (www.rollingstone.com)
2025-8-7 Interview AI

Source: Reflection AI, founded by ex-Google researchers and which makes the AI agent Asimov, has raised most of the $1B+ it is seeking to build open-source LLMs (www.theinformation.com)
2025-8-7 Google AI

Sources: TSMC fires several employees for violating rules on obtaining sensitive information about its 2nm tech; TSMC says it detected “unauthorized activities” (asia.nikkei.com)
2025-8-7

Sources: Core Scientific's hedge fund shareholders may reject CoreWeave's all-stock takeover, seeking better terms, as CRWV has fallen 30%+ post-announcement (t.co)
2025-8-7

White House OSTP Director Michael Kratsios says the US is exploring software or physical ways to track the location of AI chips, as part of its AI Action Plan (www.bloomberg.com)
2025-8-7 AI

DRAM prices remain high after doubling from May 2025 to June 2025, amid speculation that China's CXMT may have halted DDR4 production to focus on DDR5 and HBM (asia.nikkei.com)
2025-8-7 China

As Delta experiments with AI-driven ticket pricing, regulators and travelers alike worry about dynamic fare schemes that “go beyond the human cognitive limits” (www.bloomberg.com)
2025-8-7 AI

Shareholder letter: Reddit cites Profound's analysis showing it is the most cited domain across AI models, as often as Wikipedia and ahead of YouTube and others (pressgazette.co.uk)
2025-8-7 AI YouTube Reddit

Users say AI notetaking tools for meetings can misinterpret context when generating summaries or share content meant for a select audience with all participants (www.wsj.com)
2025-8-7 AI

Uzbek fintech and e-commerce company Uzum raised $65.5M led by Tencent and VR Capital at a ~$1.5B valuation, up from $1.16B in March 2024 after a $114M Series A (techcrunch.com)
2025-8-7 VR Fintech Tencent

India's IT giants face revenue declines due to challenges like corporations establishing their own global capability centers in the country and the rise of AI (indiadispatch.com)
2025-8-7 India AI

Netherlands-based dronemaker Destinus agrees to acquire Zurich-based Daedalean, which develops ML autopilot software for aviation, for ~$223M in cash and stock (www.bloomberg.com)
2025-8-7 Netherlands

The UK's Online Safety Act shows the UK prioritized government control over improving safety, becoming a cautionary tale for democracies regulating the internet (www.techdirt.com)
2025-8-7

Illinois Governor JB Pritzker signed a bill into law on August 1 banning the use of AI for mental health services, but allowing its use in administrative roles (statescoop.com)
2025-8-7 AI Health Reform

Filings: SoftBank increased its Nvidia stake to ~$3B in Q1 and bought ~$330M worth of TSMC stock; source: Vision Fund monetized almost $2B of assets in H1 2025 (www.bloomberg.com)
2025-8-7 Nvidia Asset

Taiwanese prosecutors say two ex-TSMC employees and a third suspect were arrested for allegedly stealing proprietary tech; investigators searched Tokyo Electron (t.co)
2025-8-7 Taiwan Tokyo

Spend management startup Alaan raised a $48M Series A led by Peak XV, one of the Middle East's largest Series A rounds for a fintech, after a $2.5M seed in 2021 (techcrunch.com)
2025-8-7 Fintech Startup

Israeli quantum computing startup QuamCore raised a $26M Series A led by Sentinel, taking its total funding to $35M, and plans to move into chip fabrication (en.globes.co.il)
2025-8-7 Israel Startup Quantum

A draft White House EO shows President Trump plans to step up pressure against big banks over alleged discrimination against crypto companies and conservatives (www.wsj.com)
2025-8-7 Trump

Source: Alibaba's supermarket chain Hema plans to gradually wind down the last of its Costco-like members-only stores in China in a bid to improve profitability (www.bloomberg.com)
2025-8-7 China Alibaba

Sources: Intel's 18A process yield has remained low, with only ~5% of its Panther Lake chips meeting its specifications in late 2024 and ~10% by summer 2025 (www.reuters.com)
2025-8-7 Intel

ElevenLabs launches Eleven Music, letting individuals and businesses use its AI model to generate music cleared for commercial use via English-language prompts (www.wsj.com)
2025-8-7 AI

NYC-based sales automation startup Clay raised $100M led by CapitalG at a $3.1B valuation, up from $1.25B in January 2025, and expects $100M in revenue in 2025 (www.nytimes.com)
2025-8-7 Startup

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