• 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)
• Sources: Shein voluntarily sought the US Treasury's CFIUS national security review of its $80M deal to buy US clothing retailer Everlane, an unusual move (Kate O'Keeffe/Bloomberg)
• At Beijing's World Humanoid Robot Games, a robot made by Honor ran 100m in 9.39s, and another Chinese robot finished 400m in 38.16s, both beating human records (Telegraph)
• SoftBank plans a $6.3B retail bond sale, a record for any Japanese issuer and its third this year, as the conglomerate raises funds for its OpenAI commitments (Bloomberg)
• A look at the playbook tech giants like Google, Microsoft, and OpenAI use to shape American schools to their benefit, and the pushback against unproven AI tools (Natasha Singer/New York Times)
• Trump says communities that oppose data centers are "making a mistake" as they create "tremendous amounts of jobs and money", amid bipartisan backlash (Rebecca Falconer/Axios)
• Filing: Shein will debut on the Hong Kong exchange on September 1, seeking up to $1.8B in an IPO at a $27B valuation, a fraction of its $100B valuation in 2022 (Julia Fioretti/Bloomberg)
• Sam Altman says AI could end up controlled by a few powerful players, partly because AI fears could push people to trade "a lot of liberty for safety" (Truman Dickerson/Business Insider)
• Greg Abbott says data center companies "dug their own grave" by moving into communities without first gaining support, signaling growing Republican backlash (Axios)
• Sources: Hugging Face is exploring a sale that could value it at $13B+, up from $4.5B in 2023, and has been working with a bank to evaluate bidders' interest (Katie Roof/Business Insider)
• Ramp data: Fable 5, launched in June, has plateaued at ~11% of spending on Anthropic tools, as companies shift to cheaper models; Opus 5 surpassed Fable 5 (George Hammond/Financial Times)
• Alibaba plans to raise ~$10B in a follow-on share offering to fund AI investments; sources: it plans to offer 710M shares at a 3.6% discount to Friday's close (Reuters)
• Sources: foldable iPhone feels durable, fits well in a pocket, has useful iPad-like app layouts, excels as a camera viewfinder but lacks telephoto and Face ID (Mark Gurman/Bloomberg)
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