• Royal Bank of Canada and Bank of Montreal agree to sell payments company Moneris to PE firm Francisco Partners for CA$2B in cash, splitting proceeds equally (Bloomberg)
• Sources: David Sacks' Craft Ventures is targeting around $1B for a new fund, its first since Sacks stepped down as the White House AI and crypto czar (The Information)
• SpaceXAI rolls out Grok Bot AI agent app in beta on Mac, iOS, Windows, and Linux, initially for SuperGrok Heavy, Cursor Ultra, and Cursor Teams Premium users (Zac Hall/9to5Mac)
• Sources: Nvidia is developing a Nemotron 4 model with 1T+ parameters, up from Nemotron 3 Ultra's 550B parameters but smaller than leading Chinese open models (The Information)
• Sundar Pichai says Gemini has hit 1B+ MAUs, the company's fastest-growing product ever and its 14th product to hit the 1B-user mark (Sundar Pichai/@sundarpichai)
• Brad Lightcap, who most recently led OpenAI's special projects division and formerly was its COO, says he is leaving the startup "to start something new" (Stephanie Palazzolo/The Information)
• Flight tracking platform FlightAware sues Kalshi in New York, alleging Kalshi is using its data without permission to let users bet on flight cancellations (Jack Morphet/Wall Street Journal)
• Sources: Phia co-founders Phoebe Gates and Sophia Kianni pushed for and were aware for seven months of using "cookie stuffing" to claim affiliate commissions (Bloomberg)
• eToro agrees to acquire US-focused online brokerage TradeZero for up to $231M in cash and stock; TradeZero had ~$80M in revenue over the 12 months ended June 30 (Daniel Kuhn/The Block)
• Source: Trajectory, founded by ex-DeepMind, Apple, OpenAI, and Meta staffers to build continual learning models, raised $40M led by Sequoia at a $300M valuation (Stephanie Palazzolo/The Information)
• River Markets, which gives professional traders a single place to trade across multiple prediction markets, raised an $8.5M seed led by Haun Ventures (Camila Grigera Naón/Fortune)
• Manus says it will "soon return to operating as an independent company", implying it is close to reversing its acquisition by Meta, after China's order in April (Jing Yang/The Information)
• TSMC and Sony plan to form Advanced Vision Semiconductor Manufacturing Corp, a $4.69B joint venture in Japan to make next-gen smartphone image sensors from 2029 (Reuters)
• Nvidia releases Nemotron 3.5 Lightning, an open 30B-parameter MoE model, and NeMo Switchyard, an open-source model routing library for AI agents (Kyt Dotson/SiliconANGLE)
• Spotify plans to roll out AI Persona labeling in mid-September for profiles that do "not represent a real person" and says it will use human review and AI tools (Emma Roth/The Verge)
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