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Japanese financial giant SBI agrees to acquire Bitbank, a top 10 Japanese crypto exchange by trading activity, for ~$289M, with the deal set to close in October (Jamie Crawley/CoinDesk)
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Source: Intel has promised to deliver SpaceX and Apple a toolkit this fall to test its 14A node before they make final commitments to produce chips with Intel (Tripp Mickle/New York Times)
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Insurance tech startup Corgi denies accusations that it used Papermark's open source software code to develop its software and present it as its own (Julie Bort/TechCrunch)
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Sources: the CFTC began an extensive investigation of Polymarket earlier this year; the agency's former acting head killed a separate investigation in July 2025 (New York Times)
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Sources: Apple is lobbying the Trump admin for clearance to buy memory chips from US-blacklisted Chinese company CXMT to ease pressure from rising chip prices (Financial Times)
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Sources: SpaceX and Charter have held executive-level talks on a consumer mobile phone offering, which would help SpaceX become a DTC mobile phone provider (Kelcee Griffis/Bloomberg)
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Anthropic says the US government is allowing Mythos 5 to be redeployed to critical infrastructure operators, and is working to restore general access to Fable 5 (@anthropicai)
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Sources: Meta lobbyists are urging California lawmakers to exempt social media platforms from legislation that would increase penalties in child-harm cases (Tyler Katzenberger/Politico)
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Letter: the US lifts its block on Mythos 5, allowing Anthropic to release it to more than 100 US institutions; sources: talks about Fable 5 are ongoing (Semafor)
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Anthropic Moves Toward Deal With US to Lift Curbs on AI Models (Bloomberg)
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How AI-native law firms use "management services organization" structures to access capital historically barred from US law firms, including PE and VC funds (Stephen Foley/Financial Times)
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Sources: Zuckerberg urged execs to explore Polymarket and Kalshi partnerships, as the Arena prediction app targets 100M monthly active "predictors" aged 18-34 (Mike Isaac/New York Times)
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AWS hikes prices for Nvidia GPUs in its EC2 Capacity Blocks service, which let businesses rent AI compute in advance, by 20%; Trainium chip pricing is unchanged (Catherine Perloff/The Information)
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Oracle's stock fell 19% this week, the steepest weekly drop since a 20% plunge in August 2001, amid concerns about its debt load and AI investments (Jordan Novet/CNBC)
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The FTC fast-tracks approval for SpaceX to acquire Mesh, which raised a $50M Series A in February to make high-efficiency optical transceivers for data centers (Bloomberg)
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OpenAI says GPT-5.6 Sol and Terra were capable of identifying vulnerabilities but were unable to execute autonomous, end-to-end attacks against hardened targets (OpenAI)
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Sources: Paul Meade, Apple's top executive in charge of Vision Pro and smart glasses efforts, is leaving for OpenAI to work on the company's AI-powered devices (Mark Gurman/Bloomberg)
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Uber expands the list of criminal convictions that disqualify US drivers and expands the background-check timeline, possibly removing ~0.5% of active US drivers (Natalie Lung/Bloomberg)
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Sources: Russian hackers were behind a 2025 ransomware attack on Jaguar Land Rover that used "mind-blowing" encryption and cost UK's economy an estimated $2.5B (New York Times)
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OpenAI appoints ex-Uber India head Prabhjeet Singh as its first managing director for India, to scale its presence in its second-largest market after the US (Jagmeet Singh/TechCrunch)
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