Dwayne
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Accenture plans to acquire Melbourne-based cybersecurity company CyberCX from private equity firm BGH Capital, reportedly valuing CyberCX at AU$1B+ (Mark Anderson/Bloomberg Law)
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Foxconn's AI server business surged 60%+ YoY in Q2, surpassing revenue from Apple-related products for the first time, and is projected to grow 170%+ YoY in Q3 (Lauly Li/Nikkei Asia)
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Sen. Josh Hawley calls for a congressional probe into Meta after a report on its AI policy allowing sensual chats with kids; Sen. Marsha Blackburn backs a probe (Jody Godoy/Reuters)
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Louisiana AG Liz Murrill sues Roblox, alleging among other things that it continues to facilitate CSAM distribution and the sexual exploitation of children (Todd Spangler/Variety)
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Source: investors have offered cloud startup Vercel hundreds of millions at an $8B-$9B valuation, which would nearly triple its $3B valuation from 15 months ago (The Information)
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Source: AI coding startup Cognition raised nearly $500M led by Founders Fund, bringing its valuation to $9.8B, more than double the level earlier this year (Yuliya Chernova/Wall Street Journal)
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SCOTUS rejects NetChoice's emergency appeal to block a Mississippi law that requires age verification and parental consent for teens to join social networks (New York Times)
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Sources: Lambda is in talks for a funding round that could value the cloud services company between $4B and $5B ahead of a potential IPO by the end of 2025 (Bloomberg)
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Sources: the Trump administration is in talks with Intel to have the US government potentially take a stake in the company; INTC closes up 7.4% (Bloomberg)
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Bluesky revises its policies and Community Guidelines to comply with new regulations, including the EU DSA, UK Online Safety Act, and US Take It Down Act (Sarah Perez/TechCrunch)
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Sources: chip startup Rivos, which plans to release a GPU for inference as early as 2026, is seeking to raise between $400M and $500M at a $2B+ valuation (The Information)
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Sources: xAI was part of a US government AI initiative alongside OpenAI, Anthropic, and Google, but was removed after Grok posted antisemitic content in July (Wired)
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Google announces Gemma 3 270M, a compact model designed for task-specific fine-tuning with strong capabilities in instruction following and text structuring (Google Developers Blog)
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Anthropic expands Claude's Learning Mode, available only to Education users since an April launch, to all users, including two learning variants for Claude Code (Igor Bonifacic/Engadget)
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Q&A with OpenAI VP and Head of ChatGPT Nick Turley on ChatGPT's future, showing ads in chatbots, hallucinations, GPT-5 blowback, 4o, subscriptions, and more (Alex Heath/The Verge)
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Google launches Flight Deals, an AI tool within Google Flights to let users find fares using natural language queries, in beta in the US, Canada, and India (Jagmeet Singh/TechCrunch)
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Ex-Twitter CEO Parag Agrawal launches Parallel Web Systems to build infrastructure for AI agents to search the web, raising $30M from Khosla Ventures and others (Bloomberg)
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Sola, which wants AI agents to automate businesses' repetitive tasks, raised $21M, including a $3.5M seed led by Conviction and a $17.5M Series A led by a16z (Emma Hinchliffe/Fortune)
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Toronto-based Cohere raised $500M led by Radical and Inovia at a $6.8B valuation, up from $5.5B in July 2024, and has doubled its ARR to $100M so far in 2025 (George Hammond/Financial Times)
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Cohere hires Joelle Pineau, who previously led Meta's FAIR lab, as Chief AI Officer, to oversee AI strategy across Cohere's research, product, and policy teams (Maxwell Zeff/TechCrunch)
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