• Filing: Nvidia says it has $18B committed to equity investments for the rest of the fiscal year and held $47.9B in private companies as of late July (Geoff Weiss/Business Insider)
• Meta seeks to position itself as the industry leader in child safety through its settlement with US AGs, while still refusing to admit any wrongdoing (Casey Newton/Platformer)
• Sources: the US is probing Singapore-based Apex Logistics for its suspected role in smuggling servers with Nvidia AI chips to China; Apex says it is cooperating (Bloomberg)
• Meta's AG settlement gives it a moat to write child safety rules for other social media platforms, with little evidence its new safety features will help kids (Mike Masnick/Techdirt)
• Anthropic gives Claude Cowork its own built-in browser on the desktop app separate from users' day-to-day browser, rolling out to paying subscribers (Frederic Lardinois/The New Stack)
• OpenAI says reward hacking, an AI alignment problem in which a model takes unintended actions to achieve a goal, was a primary driver of the Hugging Face breach (Hayden Field/The Verge)
• SEC filing: OpenAI invests ~$400M in its second startup fund, after it raised $175M for its first fund in 2021 from outside investors, including Microsoft (Sarah Klearman/Wall Street Journal)
• METR and Redwood detail how ~1,200 OpenAI agents coordinated cheating on an unsanctioned board, sending 70K+ messages and files, and ~700 attacked Hugging Face (METR)
• Sources: SoftBank is in talks to buy a majority stake in humanoid robot maker 1X at a $6B valuation; 1X sought $1B at a $10B valuation in 2025, but raised <50% (The Information)
• Thinking Machines Lab co-founder Barret Zoph is returning to Google as VP of research, after leaving OpenAI in June and Thinking Machines Lab in January (Wall Street Journal)
• Okta reports Q2 revenue up 11% YoY to $805M, vs. $795M est., net income up 73% YoY to $116M, and raises its full-year guidance; OKTA surges 20% after hours (Samantha Subin/CNBC)
• Source: Nvidia has agreed to buy Hugging Face for $12.9B; the AI repository has had several potential suitors among its investors, including Salesforce (The Information)
• Sen. Josh Hawley launches an investigation into Flock's "collection, retention, and dissemination of the data" from its AI-powered surveillance cameras (Andrew Solender/Axios)
• Source: Nvidia has been in talks to acquire Hugging Face for more than $13B; Microsoft also met with Hugging Face, but talks are not ongoing (Business Insider)
• Trump signs an EO banning the use of certain foreign-made bulk-power equipment, including associated critical software, deemed to pose national security risks (Tim Starks/CyberScoop)
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