• Sources: Binance is still operating in the EU months after it failed to get a MiCA license, using workarounds to onboard new customers and reroute its trading (Bloomberg)
• Nvidia becomes a leading global strategic tech backer, with the value of its equity investments up 10x in the past year to $99B, as it bolsters the AI sector (Kai Nicol-Schwarz/CNBC)
• Sources: initial foldable iPhone production is limited to only a "few hundred" units a day due to Apple's strict quality standards as it ramps up output (Nikkei Asia)
• Q&A with Jensen Huang and Clément Delangue on the Nvidia-Hugging Face deal, scaling open-source models, the rumored $1B talent retention plan, and more (CNBC)
• A profile of Hugging Face, which started in 2016 to build a sassy chatbot for teens; CEO Clément Delangue says he approached Nvidia this summer to pursue a deal (Wall Street Journal)
• Gimlet Labs, which helps customers divide AI tasks across multiple chip types, raised $300M led by a16z at a $3B valuation, six months after an $80M Series A (Dina Bass/Bloomberg)
• Resect AI, which is developing open-source tech to catch AI hallucinations before they happen, emerges from stealth with $25M from private equity investors (Kurt Schlosser/GeekWire)
• Wikimedia Foundation staffers vote 158-14 to join the CWA, which will represent 200+ US employees across engineering, finance, and communications (Paresh Dave/Wired)
• Vals analysis: open-weight models performing multi-stage tasks, like building a web app, can have an environmental impact 10K times greater than simple queries (Bloomberg)
• Tesla says Cybercab rides are available in limited areas of Austin; the two-seater has no steering wheel or pedals, and 45 Cybercabs are registered in Texas (Reuters)
• AI scientist and Google researcher Ray Kurzweil joins BCI startup Subsense, which develops non-surgical BCI tech involving inhaled nanoparticles, as an advisor (Alexei Oreskovic/Fortune)
• Sources: Index Ventures dropped plans to invest in AI assistant Town after Instinct, which Index is backing, complained about a potential conflict of interest (Alex Konrad/Upstarts Media)
• Sources: Crusoe raised $3B+ at a ~$30B post-money valuation; Atreides Management and Valor Equity Partners co-led the round, with Mubadala Capital participating (Bloomberg)
• Sources: PayPal has paused plans to sell its VC portfolio for $900M-$1B after bids came in lower than hoped, months after deciding to wind down PayPal Ventures (Axios)
• Oura files for a US IPO, reporting a $924.3M net loss on $1.21B in revenue for the nine months ended June 30, vs. a $182.8M net loss on $697.6M a year earlier (Subrat Patnaik/Bloomberg)
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• Meta Pushes Its New AI Agent on Employees—but Eases Off on Tokenmaxxing
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• OpenAI says GPT-6 Astra is 'the most intelligent and aligned model in the world'
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• Ugreen's new smart home ecosystem is built around local AI hubs
• SpaceXAI apologizes for outage that affected Grok and other 'compute partners'
• The Apple Vision Pro was used for a successful hip surgery
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• Utah won't enforce VPN age-verification law until legal challenge resolves
• Epic Games brings cross-platform voice chat to Fortnite and its services
• Beyerdynamic's new Aventho Y headphones last up to 90 hours per charge
• Xbox is introducing time limits to game streaming
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