• Privacy advocates, CAA, and SAG-AFTRA slam Meta's Muse Image, which lets users create AI images using the likenesses of people with public Instagram accounts (Ina Fried/Axios)
• Analysis: Alphabet, Amazon, Meta, Microsoft, and Oracle, the top spenders on new US data centers, collectively added ~$350B in debt over the past five years (Bloomberg)
• SK Hynix opens up 14% at $170 after raising $26.5B in the largest ever US market debut by a foreign company (Kif Leswing/CNBC)
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• Munich-based QuantumDiamonds, which uses quantum sensors to detect chip defects, raised €91M, including €76M under the European Chips Act (Cristian Dina/The Next Web)
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• Xreal launches $299 A01 Plus AR glasses, weighing just 62 grams and featuring 1080p micro OLED panels with a 120Hz refresh rate and a 50-degree field of view (Cameron Faulkner/The Verge)
• The UK designates Microsoft, Google, Amazon, and Oracle as critical third-party financial sector suppliers, bringing them under direct regulatory oversight (Muvija M/Reuters)
• Malaysia Prime Minister Anwar Ibrahim plans to debut an agentic AI avatar of himself within days, which is meant to help the public navigate government services (Saritha Rai/Bloomberg)
• Circle says it received US regulator approval to start a national digital-currency trust bank, allowing it to offer institutional custody services (Vildana Hajric/Bloomberg)
• A US court sentences a former ransomware negotiator to 70 months in prison for colluding with BlackCat to extort $75.3M from five of his employer's clients (Matt Kapko/CyberScoop)
• In preliminary findings, the EU Commission said Facebook's and Instagram's "addictive design" violates the DSA, telling Meta to make changes or risk hefty fines (Adam Satariano/New York Times)
• Polymarket is seeking CFTC and NFA approval to offer margin trading in the US, which would let users bet on events with less capital upfront and attract traders (Bloomberg)
• Taiwan's leading DRAM maker Nanya Technology expects its capex to exceed ~$6.2B in 2027, up ~4x YoY, and reports unaudited Q2 revenue of ~$2.6B, up 684% YoY (Wen-Yee Lee/Reuters)
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