• China has revised regulations to tighten protection of chip layout designs, including punitive damages for serious infringement, taking effect on October 15 (Eduardo Baptista/Reuters)
• Valar, which is making small modular nuclear reactors to power data centers, raised a $1B Series B led by Sequoia at a $6B post-money valuation (Bloomberg)
• Mariana Minerals, which builds and operates mines using its MarianaOS software platform, raised a $310M Series B, bringing its total funding to $400M (Allie Garfinkle/Fortune)
• India proposes extending tax exemptions until 2041 for foreign companies that provide machinery to contract manufacturers, something Apple had lobbied for (Reuters)
• Sources: the Trump administration invites staffers from OpenAI, Google, Anthropic, and others to the White House on Tuesday to review the AI oversight framework (The Information)
• UK court filing: in July, Apple launched a new legal challenge against the UK government's attempt to create a "backdoor" to access encrypted customer data (Tim Bradshaw/Financial Times)
• Zenity, which develops a platform for securing AI agents, raised a $125M Series C led by Norwest Venture Partners, taking its total funding to ~$185M (Meir Orbach/CTech)
• Visa plans to acquire Israeli company BioCatch, which uses AI to detect fraud and distinguish legitimate users from attackers in real time, for $2.4B in cash (Katherine Hamilton/Wall Street Journal)
• Horizon3, whose AI penetration testing platform NodeZero helps find and exploit attack paths in production systems, raised a $250M Series E at a $2B valuation (Kate Park/TechCrunch)
• Michael Saylor's Strategy sold 1,638 bitcoin for ~$104.7M from July 27 to August 2, reducing its holdings to 842,138, with a $10.9B paper loss at current prices (James Hunt/The Block)
• June, which aims to help enterprise AI deployment by finding bottlenecks and building agents, emerges from stealth with $20M led by Marc Benioff's Time Ventures (Tim Fernholz/TechCrunch)
• The EU's AI Act enforcement powers take effect, letting it evaluate AI models before regional release, restrict market access, fine model providers, and more (Kai Nicol-Schwarz/CNBC)
• Source: Dario Amodei expressed concern about staff coming to Anthropic for the money rather than the mission, as Anthropic, OpenAI, and others battle for talent (Axios)
• Sources: South Korean AI chip designer DeepX raised a ~$29M Series D at a ~$2.2B valuation, and is in talks to raise ~$209M at a ~$2.4B valuation by September (Yoolim Lee/Bloomberg)
• Alibaba prices Qwen3.8-Max at $2 per 1M input tokens and $6 per 1M output tokens via its API, below Kimi K3's $3/1M input tokens and $15/1M output tokens (Henry Siu/The Information)
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