• Singapore-based AI infrastructure startup Acrab raised a $130M Series B, bringing its total funding to more than $480M (Mars W. Mosqueda Jr/DealStreetAsia)
• Ad measurement company VideoAmp laid off ~20% of staff this week, citing AI as a "major platform shift"; sources: 50-60 employees were cut, including its CTO (Nat Ives/Wall Street Journal)
• Anthropic updates Claude Fable 5's biology safeguards to reduce false positives, cutting biology-related "fallbacks" by ~85% in testing across product surfaces (Anthropic)
• At Black Hat, OpenAI reconstructs the OpenAI-Hugging Face incident and examines its implications for AI security, cyber resilience, and alignment (Black Hat on YouTube)
• Take-Two reports Q1 bookings down 3% YoY to $1.39B, vs. $1.38B est., forecasts Q2 and FY 2027 bookings below est., reiterates GTA VI's November 19 launch date (Deborah Sophia/Reuters)
• Livestream shopping app Whatnot raised a $545M Series G led by Iconiq, Lightspeed, and Avra at a $20B valuation, up from an $11.5B valuation in October 2025 (Allie Garfinkle/Fortune)
• Athens-based Omilia, which builds self-learning AI agents that work across different customer contact points, raised a $67M Series B led by Expedition Growth (Ivan Mehta/TechCrunch)
• Sources: the US Commerce Department's BIS is reviewing how Chinese AI companies access Nvidia chips overseas, including by legally renting foreign data centers (Mackenzie Hawkins/Bloomberg)
• The White House imposes a series of price floors and a 15% tariff on products made from polysilicon, a chip raw material primarily produced by China (Reuters)
• Atlassian CEO Mike Cannon-Brookes says he will buy $250M of company shares after strong Q4 results eased fears that AI could threaten its business model (Nic Fildes/Financial Times)
• SK Hynix plans a $38B chipmaking expansion in South Korea, including a new ~$24.7B DRAM facility in Yongin and a ~$13.3B NAND fabrication plant in Cheongju (Yoolim Lee/Bloomberg)
• Analysis: Google DeepMind has lost frontier-model momentum amid leadership and RL talent departures, with Google Cloud emerging as a winner with more compute (SemiAnalysis)
• Sources: Google's AI shakeup is a seismic shift in the works for months and cements Sergey Brin's influence, after execs became frustrated with Demis Hassabis (Financial Times)
• Sources: up to five people tied to US Cyber Command died by suicide from early June to early July 2026, prompting it to flag a potential suicide cluster (Bloomberg)
• Filing: ex-a16z partner Bryan Kim is forming venture firm Mido Capital; sources: he plans to raise ~$100M for a fund backing early-stage AI and other startups (Yuliya Chernova/Wall Street Journal)
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