• Sources: Thoma Bravo-backed Proofpoint is in talks to acquire cybersecurity company Varonis; Varonis rose 10.4% on Wednesday, giving it a market value of ~$5.4B (Ryan Gould/Bloomberg)
• Muse Spark 1.3 with max reasoning, in limited preview for partners, scores 62 on the Artificial Analysis Intelligence Index, behind only Fable 5.1 and Opus 5 (@artificialanlys)
• HPE reports Q3 revenue up 34% YoY to $12.2B, vs. $11.9B est., forecasts FY 2026 and FY 2027 sales growth above est., signs a $3.5B server deal with a cloud firm (Dina Bass/Bloomberg)
• Broadcom reports Q3 revenue up 86% YoY to $29.59B, vs. $29.36B est., AI semiconductor revenue up 221% to $16.7B, and forecasts Q4 revenue below estimates (Jordan Novet/CNBC)
• Snowflake reports Q2 revenue up 35% YoY to $1.55B, vs. $1.48B est., and forecasts Q3 and FY 2027 product revenue above estimates; SNOW jumps 20%+ after hours (MarketWatch)
• Letter: OpenAI told two House Democrats that its engineers are developing "automated shutdown capabilities" for AI systems (Courtney Rozen/Reuters)
• Mark Zuckerberg says Meta's Watermelon model and Muse Spark open weights are "coming soon" (Mark Zuckerberg/@finkd)
• Meta rolls out Muse Spark 1.3 in Muse Code and Meta Model API, saying it significantly improves coding and agentic performance, at the same price as Spark 1.2 (Ina Fried/Axios)
• Uber is shutting down services in Nigeria and Uganda from September 2 after a global review of its operations; it launched in Nigeria in 2014 and Uganda in 2016 (Bloomberg)
• X says US payouts for its Original Content Rewards and Subscriptions will now be handled through X Money (Sarah Perez/TechCrunch)
• Thyme Care, which focuses on filling cancer treatment gaps via a virtual navigation platform, raised a $125M Series E at a $2B+ valuation, up from $1B+ in 2025 (Ian Thomas/CNBC)
• Commerce Secretary Howard Lutnick says "we trust Anthropic" as they are "back on the right side" with the administration and that "they've done what we asked" (Maria Curi/Axios)
• Huskeys, which uses agentic AI to help companies block AI-driven attacks, raised a $27M Series A led by Blackstone Innovations Investments at a $100M+ valuation (Maria Armental/Wall Street Journal)
• The US Army awards $192M in contracts to Palantir and Anduril to produce eight TITAN AI-powered mobile ground stations, to be delivered over the next 18 months (Barratt Dewey/Tectonic Defense)
• MrBeast, whose YouTube channel hit 500M subscribers in June, will put Gemini, Google Health, and the Fitbit Air in his videos as part of a multiyear Google deal (Stevie Bonifield/The Verge)
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