• Kaon AI, which builds personalized story worlds using its AI-based FlowGPT and Emochi tools, raised $60M from B Capital and others, and says Emochi has 2M DAUs (Corbin Bolies/Variety)
• Former GitHub CEO Thomas Dohmke's Entire launches a decentralized Git network to handle high coding agent traffic, with servers in the US, the EU, and Australia (Radhika Rajkumar/ZDNET)
• SK Hynix's IPO prospectus analysis, as it seeks to raise ~$28B on the Nasdaq: highly leveraged to HBM, extensive ties to China, and health and safety issues (Tim Culpan/Culpium)
• Internal documents: Amazon is working on an Alexa project, codenamed Moonraker, to handle more complex, multistep tasks, projecting $100M+ in GPU costs in 2026 (Eugene Kim/Business Insider)
• DuckDuckGo updates its browser for iOS, Windows, and macOS to block video ads by default, particularly those on YouTube, based on uBlockOrigin's filter lists (Anna Washenko/Engadget)
• Sources: Jeff Bezos' Blue Origin is raising $10B at a $130B pre-money valuation, its first outside funding round, with $4B from Coatue and $2B from Bezos (New York Times)
• Filing: Chinese AI model maker Z.ai is seeking to raise ~$4B from the sale of 19.8M shares at ~$202 to ~$216 each, after its stock jumped 1,500% since January (Bloomberg)
• Israeli startup Velocity, which helps place targeted ads on consumer and B2B AI platforms, raised a $27M seed led by NFX and Red Dot, and serves 20 clients (Chris Metinko/Axios)
• Omdia expects a 22% YoY drop in global smartphone shipments priced below $400 for 2026 amid soaring DRAM and NAND costs; Q1 memory costs were ~60% of materials (Zaker Li/Omdia)
• Sources: MiniMax is working on a 2.7T-parameter model internally called M3 Pro, which it could release as early as Q3 as open source; M3 has 428B parameters (Juro Osawa/The Information)
• Apple reaches a deal with Broadcom worth $30B+ to make 15B+ chips in the US over the next five years, Apple's largest as part of its $600B US investment pledge (Rolfe Winkler/Wall Street Journal)
• South Korea's Kospi index is down 20%+ from its record high in June, falling 5%+ on Wednesday; Samsung and SK Hynix fall 5%+ amid long-term chip deal concerns (Financial Times)
• France's competition watchdog orders Meta to negotiate in good faith with news organizations over copyright payments, after two groups filed complaints in 2025 (Benoit Berthelot/Bloomberg)
• China's CNVD says it found "security backdoor vulnerabilities" in Claude Code that "send sensitive information" like "location and identity to remote servers" (Raffaele Huang/Wall Street Journal)
• The EU General Court dismisses Apple's legal challenges against its designation as a DMA "gatekeeper" for its App Store and iOS; Apple filed the case in 2024 (Foo Yun Chee/Reuters)
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• Meta says it will disable the camera on its glasses if you tamper with the recording LED
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