• Irish lawmakers reconsider the country's 1999 ban on nuclear power as data centers' growing power demands account for ~25% of the country's electricity use (Jude Webber/Financial Times)
• Fasset, which offers stablecoin-powered banking services across Asia and other emerging markets, raised $68M at a $1B valuation, after raising $51M in May (Krisztian Sandor/CoinDesk)
• Sources: ByteDance is merging coding platform Trae and agent-building tool Coze into Doubao, and plans to launch Doubao Work to compete with Tencent's WorkBuddy (Bloomberg)
• Ukraine says Russia used an Nvidia Jetson Orin computing module in its autonomous AI-guided drones; Nvidia says they are widely available on resale markets (Andrew E. Kramer/New York Times)
• Ukrainian officials say an AI-guided, fully autonomous Russian drone killed three Ukrainians in a strike on a gas station in the city of Zaporizhzhia (New York Times)
• Chinese EV maker XPeng says its robotics business raised $900M+ led by IDG and Gaorong Ventures at a $6.3B valuation, with Tencent and Alibaba participating (Reuters)
• Xiaomi launches the Xring O3, a 3nm SoC for its mobile devices, as the company seeks to reduce reliance on longtime suppliers Qualcomm and MediaTek (Gao Yuan/Bloomberg)
• Alibaba launches Wan3.0, a video generation model that can generate 30-second videos from documents, spreadsheets, slides, and web pages (Reuters)
• US business schools are racing to prepare students to become chief AI officers, even as companies are still figuring out what the newest C-suite role entails (Rthvika Suvarna/Bloomberg)
• Global central banks are pushing CBDCs to defend monetary sovereignty against USD stablecoins, but are struggling to find demand for the digital currencies (Jonathan Levin/Bloomberg)
• A look at the collapse of Zondacrypto, Eastern and Central Europe's biggest crypto exchange, which went dark in April and is facing money laundering allegations (Andrew Higgins/New York Times)
• Oxford Economics: US corporate spending on equipment and facilities is set to rise 40% between 2021 and 2027, over 3x faster than Europe, driven by the AI race (Financial Times)
• New Zealand plans a bill to ban social media for under-16s, requiring "high risk" platforms to check user ages or face penalties of up to 10% of global revenue (Tracy Withers/Bloomberg)
• Source: AI researcher Luke Metz, who returned to OpenAI from TML earlier this year, joins Meta's Superintelligence Labs and will report to Alexandr Wang (Ina Fried/Axios)
• Sources: Nvidia is in talks to invest in Perplexity's new equity round valuing it at $30B+; Nvidia considered a tech licensing deal and hiring some of its staff (The Information)
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