• The White House announces new tariffs on drones and components, including a 100% levy on "particularly sensitive" models, aiming to cut reliance on Chinese tech (Demetri Sevastopulo/Financial Times)
• Sources: Apple trained a China-specific LLM with Alibaba's support, which would make Apple the first foreign company to offer a proprietary AI model in China (Reuters)
• SMIC co-CEO Zhao Haijun says the company raised prices following negotiations with customers in Q1, and that it will charge more for wafers processed in Q3 (Reuters)
• Sources: the CFTC has launched a probe into prediction markets' "mention markets", prompting Kalshi to remove bets on word choices from sports-related offerings (Bobby Allyn/NPR)
• Pony AI plans to deploy 2K+ robotaxis across Europe in partnership with Uber and add four more European cities, after Zagreb, with a later Middle East expansion (Bloomberg)
• A profile of Amy Kremer, a pro-Trump activist who helped organize the January 6 rally and currently chairs the grassroots anti-data center group Humans First (Veronica Irwin/Transformer)
• Current and former OpenAI employees say pressure to quickly ship products left less time for safety, contributing to incidents like the rogue agent hack (Maxwell Zeff/Wired)
• Applied Materials reports Q3 revenue up 25% YoY to $9.12B, vs. $8.99B est., net income up 43% to $2.54B, and forecasts Q4 revenue above estimates (Elias Schisgall/Wall Street Journal)
• Charter receives final state approval to buy Cox for $21.9B after making concessions to California regulators, including low-cost internet for some households (Patience Haggin/Wall Street Journal)
• Epic v. Apple: Apple proposes commissions on US linked-out purchases of 15% for standard apps, 10% for partner programs and renewals, 5% for Small Business apps (Marcus Mendes/9to5Mac)
• A judge orders Kalshi to stop offering most of its prediction contracts in Washington state, after finding it likely violated state gambling-related laws (J.J. McCorvey/Bloomberg)
• Sources: OpenAI is on track to generate annualized revenue of $40B+ based on its current performance, roughly doubling its run rate from the end of 2025 (Bloomberg)
• A profile of Camilla Clark, quiet adviser to husband Dario Amodei and behind-the-scenes player at Anthropic; she once pitched a porn startup to Jeffrey Epstein (The Information)
• Reddit will join the S&P 500 on August 18, becoming only the second pure-play social media company in the index after Meta; RDDT jumps 10%+ after hours (Jonathan Vanian/CNBC)
• OpenAI launches Computer History, an opt-in feature that turns recent computer activity on macOS into memories and a timeline that ChatGPT and Codex can use (Frederic Lardinois/The New Stack)
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