• New AI-powered video tools have accelerated the surge in AI dramas in China; DataEye: 89 of the top 100 animated dramas on Douyin in May were AI productions (Financial Times)
• Trade unions threaten to withhold support for politicians opposing data center projects, warning that blocking the projects endangers building-related jobs (Wall Street Journal)
• An analysis of the 50 largest bitcoin treasury companies by BTC holdings finds their combined market cap has plunged from $150B in July 2025 to just $67B now (Financial Times)
• Minneapolis-based Yardstik, a provider of workforce monitoring tech, raised a $30M Series B led by Harbert Growth Partners, taking its total funding to $65M (Mike Wheatley/SiliconANGLE)
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• Xiaomi and CXMT say the Xiaomi 18 Fold smartphone will debut CXMT's LPDDR6 DRAM chips, alongside Xiaomi's in-house 3nm Xring O3 SoC, launching in September (Summer Zhen/Reuters)
• Texas, which didn't join a multi-state case against Meta, negotiated a $1.05B side deal that could reach $1.335B if TikTok and YouTube adopt teen safety changes (Ryan Autullo/Bloomberg Law)
• Meituan reports Q2 revenue up 14.4% YoY to $15.62B and adjusted net profit of $372M, ending a three-quarter losing streak as the food delivery price war cooled (Ben Jiang/South China Morning Post)
• Jio Platforms, which owns India's largest carrier and counts Meta and Google as investors, gets regulatory approval to float India's largest-ever IPO of ~$4B (Vallari Sanzgiri/The Hindu BusinessLine)
• CXMT sues the Pentagon over its Chinese military company designation, saying it isn't affiliated with the Chinese military and its chips aren't for military use (Reuters)
• OpenAI says it plans to stop providing its models to Cursor from November 12, as "we cannot be confident that SpaceX will use our technology within our ToS" (OpenAI)
• Texas Gov. Greg Abbott orders state agencies to pause funding for Flock cameras; an investigation found an agency allocating $30M+ to build Texas' Flock network (Ayden Runnels/The Texas Tribune)
• Metriport, whose tools help doctors retrieve patient data, raised $26M in Series A and seed funding led by Matrix GP TJ Parker, taking its total raise to $28.4M (Ngai Yeung/Endpoints News)
• Z.ai releases GLM-5.3's weights under a new license requiring companies with $10B+ in revenue over 12 months to pass Z.ai's security review to host the model (Frederic Lardinois/The New Stack)
• Shares of French quantum computing company Pasqal closed up 95% in their Nasdaq debut on Friday following a merger with a SPAC (Emily Forgash/Bloomberg)
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