• This year's Defcon badges include Baochip-1x, an open source chip whose security is verifiable and that can also be used as a hardware security token (Kim Zetter/Wired)
• At the UN AI for Good summit, a big Chinese delegation argued Chinese open-source AI models are the future for most of the world, while US presence was muted (J.D. Capelouto/Semafor)
• Inside Larry Ellison's debt-fueled push to turn Oracle into an AI juggernaut by aligning with Trump, backing Project Stargate, and partnering with OpenAI (New York Times)
• Toronto-based Terminal, whose API connects insurance products and commercial fleet software with telematics data, raised a $20M Series A led by Battery Ventures (Alex Riehl/BetaKit)
• Tel Aviv-based Bloom Security, which develops endpoint security tools for monitoring AI agents, extensions, and more, emerges from stealth with a $20M seed (Chris Metinko/Axios)
• Harmony, which offers AI-powered enterprise software for handling tasks such as employee onboarding and software access, raised a $34M seed led by Lightspeed (Geoff Weiss/Business Insider)
• Foundational Industries, which aims to build AI-run factories for physical products, starting with custom data center rack enclosures, raised a $25M seed (Lily Mae Lazarus/Fortune)
• ProphetX, a CFTC-designated sports prediction market that is also building a B2B business to sell its exchange infrastructure to other companies, raised $35M (Ryan Lawler/Axios)
• ThreatLocker raised a $190M Series F led by Elephant as it looks to extend its zero-trust enterprise security platform to protect against AI-related risks (Kyle Alspach/CRN)
• Sources detail how OpenAI fell behind Anthropic in revenue growth and valuation after prioritizing consumer chatbots and flashy side projects over coding tools (Berber Jin/Wall Street Journal)
• A US judge largely denies Perplexity and three data scraper firms' bid to dismiss Reddit's lawsuit over claims of copyright law violations under DMCA (Ashley Belanger/Ars Technica)
• Sensor Tower: India's mobile app market generated a record $345M in consumer spending in Q2, up 35% YoY; ChatGPT ranked No. 1 by downloads and No. 2 by revenue (Jagmeet Singh/TechCrunch)
• Cybersecurity experts fault Anthropic and OpenAI for sloppy safeguards and inadequate human oversight after their models broke into outside organizations (Bloomberg)
• The FTC clears quantum computing company IonQ's $1.8B acquisition of chipmaker SkyWater after the FTC's two members disagreed at first on imposing conditions (Jody Godoy/Reuters)
• Sources: OpenAI demoed a new "Astra" AI model family to US policymakers and regulators this week, touting its improved abilities to complete long-running tasks (The Information)
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