• Sources: Nvidia-backed neocloud Lambda is in talks to raise up to $3B at a $12B+ valuation; its revenue this year is estimated to reach $1.5B+ (Bloomberg)
• Sources: Apple is about to launch a new Mac mini, potentially before its September iPhone event; Apple has tested versions with M5 and M6 (Mark Gurman/Bloomberg)
• OpenAI restores 5-hour Codex and Work limits for ChatGPT Plus users, after weeks without the restriction, saying it would smoothen the load on its compute (Marcus Mendes/9to5Mac)
• Researchers detail the growing use of AI in cyberattacks across many Chinese state-linked groups, primarily using open-weight models like Kimi K3 and DeepSeek (Mark Anderson/Bloomberg)
• Quintessent, a startup making optical interconnects for data centers, raised a $40M Series A led by Cycle Capital, following its $11.4M seed round in 2024 (Maria Deutscher/SiliconANGLE)
• Docs: Meta plans to launch its version of OpenClaw, codenamed Hatch, in late August or early September and its latest AI model, Watermelon, in October (Jyoti Mann/The Information)
• Apple reverses its plan to move iCloud+ Hide My Email addresses to private.icloud.com after user backlash; the feature will continue using the icloud.com domain (Juli Clover/MacRumors)
• Sources: smart ring maker Oura and some of its backers seek to raise up to $3B in a US IPO that could take place as soon as September and value it at over $16B (Bloomberg)
• Source: robotics startup Generalist, which released its GEN-1 model to complete physical tasks in April, raised ~$200M led by 8VC, after raising $400M in June (Dan Primack/Axios)
• Canada-based logistics software company Descartes acquires Tai, a California-based transportation management system provider, for $100M in cash (Colin Campbell/Axios)
• At his first Cursor all-hands, Musk said Grok needs to catch up, AI will become impossible for humans to control, Anthropic is leading the AI race, and more (Grace Kay/The Information)
• Mercury Research: AMD's share of x86 client CPU shipments tops 30% for the first time, hitting 30.3% in Q2, up from 21.1% two years earlier, vs. Intel's 69.7% (Michael Kan/PCMag)
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• Alabama AG Steve Marshall launches an investigation into OpenAI's security procedures following the Hugging Face breach in July (Cassandre Coyer/Bloomberg Law)
• The UK becomes the first foreign nation to gain access to Ukrainian combat data used to train AI models to strike Russian targets, as part of an AI partnership (Financial Times)
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