• Dune: since January 2021, wallets funded via US-regulated exchanges accounted for ~50% of all traceable trading volume on Polymarket's US-banned global platform (Bloomberg)
• TSMC forecasts "several years" of margin dilution as overseas fab projects ramp up; the company has announced $200B in investment into US manufacturing (Kai Nicol-Schwarz/CNBC)
• Chinese AI models account for ~60% of token usage by US companies on OpenRouter, making restrictions harder to impose without disrupting US users and businesses (Nectar Gan/Bloomberg)
• Sources: Samsung may invest up to €1B in Mistral as part of a broader round valuing it at ~€20B, after previously backing the AI startup through its venture arm (Financial Times)
• Memo: the White House OSTP plans to redirect federal research funding from universities to individual scientists and AI use, reshaping ~$200B in annual spending (Amrith Ramkumar/Wall Street Journal)
• Sources: Reddit, Politico, and others mull cutting Google's access to their content for AI as traffic drops; Reddit signed a $60M/year deal with Google in 2024 (Alexandra Bruell/Wall Street Journal)
• Doc: nearly 200 US utilities, data center developers, and others have signed Trump's pledge to ensure AI energy use doesn't push up consumer electric bills (Wall Street Journal)
• Sources: Alphabet has more than quadrupled its office space in Miami, partially driven by Larry Page's and Sergey Brin's residential real estate purchases (Anna J Kaiser/Bloomberg)
• Trump nominates FCC general counsel Adam Candeub to lead the DOJ's antitrust unit; Candeub, a longtime Big Tech critic, has long sought to challenge Section 230 (Ella Lee/Financial Times)
• Documents: Meta's internal AI incubator is developing an AI model router, similar to OpenRouter's, to cut costs by sending some AI tasks to lower-cost models (Jyoti Mann/The Information)
• London-based robotics startup Humanoid raised a $152M Series A led by Prime Movers Lab at a $1.35B post-money valuation, bringing its total funding to $270M (John Koetsier/Forbes)
• Amazon says its business sales unit, Amazon Business, reached $60B in annualized gross sales in Q2, up ~71% from 2023, and serves 11M+ organizations worldwide (Matt Day/Bloomberg)
• OpenAI renews its investment in the American Journalism Project by committing an additional $5M in funding and $3M in tech credits over the next two years (Sara Fischer/Axios)
• OpenAI adds Nubank founder and CEO David Vélez and BNY CEO Robin Vince to its board of directors, as the company moves toward a public listing (Wall Street Journal)
• OpenAI says its models chained vulnerabilities across its research environment and Hugging Face's infrastructure to find solutions for the ExploitGym benchmark (OpenAI)
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