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• Google threat intelligence group details how one of its researchers infiltrated hacker group TeamPCP and helped disrupt its software supply chain hacking spree (Andy Greenberg/Wired)
• Disney hires former Character.AI CEO Karandeep Anand as its first CTO; about a year ago, Disney accused Character.AI of infringing its copyrights (Todd Spangler/Variety)
• Governor Gavin Newsom signs an EO ordering a working group to provide a guide in two months with measures to boost California's AI safety and security laws (Bloomberg)
• Mind, whose AI agents autonomously handle data loss prevention tasks, raised a $72M Series B, sources say at a $300M valuation, taking its total raised to $112M (Sophie Shulman/CTech)
• Source: Beijing-based Naive AI, which plans to release its first LLM as early as September, is now valued at $1.4B+ after raising $400M across three rounds (Juro Osawa/The Information)
• A German court rules that Meta is liable for fake ads posted by third parties on Instagram and Facebook and orders it to remove such content and pay damages (Linda Pasquini/Reuters)
• SK Hynix launches SK Hynix Ventures in Silicon Valley, expanding its scope of investments into AI computing, data centers, optical interconnect tech, and more (Jie Ye-eun/The Korea Herald)
• Sources: SK Hynix subsidiary Solidigm weighs building a NAND flash memory factory in the US; SK Hynix is also in talks with Intel to make memory chips in Ohio (Reuters)
• The US Treasury sanctions Iranian crypto exchange BitBank, saying it sent hundreds of millions to the IRGC and helped Iran operate a Strait of Hormuz toll booth (Shaurya Malwa/CoinDesk)
• Sources: ECB President Christine Lagarde personally asked Greece to block Binance's MiCA license in June, aiming to protect the bank's "digital euro" project (Angus Berwick/Wall Street Journal)
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• Paris prosecutors open at least one criminal probe into suspected sexual harassment involving using smart glasses to film women in public without their consent (Reuters)
• Sources: Chinese DRAM leader CXMT is preparing to expand into NAND flash memory, competing with Samsung, SK Hynix, and domestic rival YMTC amid memory shortages (Reuters)
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