Christina Kyriasoglou / Bloomberg:
Germany-based Quantum Systems, which sells surveillance drones that are being used by Ukraine, raised €180M, tripling its valuation to €3B since May  —  Quantum Systems, a German drone maker backed by Peter Thiel, boosted its valuation to €3 billion ($3.5 billion) …

Wall Street Journal:
Sources detail how Anduril's fast-moving approach with its defense tech led to setbacks; Ukraine stopped using Anduril's Altius drones in 2024 due to problems  —  The company's products have had breakdowns and safety issues, documents show  —  The Navy was attempting to launch and recover …

Blake Brittain / Reuters:
The USPTO issues new guidelines clarifying that generative AI is considered a tool that assists human inventors and cannot itself be considered an inventor  —  The U.S. Patent and Trademark Office issued new guidelines on Wednesday outlining when inventions created with the help of artificial intelligence can be patented.

Politico:
EU lawmakers agree on new rules that hold platforms like Meta and TikTok liable for financial scams that have been reported, requiring them to compensate banks  —  The new rules set a dangerous precedent, big tech companies say.  —  BRUSSELS — Platforms including Meta and TikTok …

CoinDesk:
The UK proposes a “no gain, no loss” tax rule for crypto lending and liquidity pools in DeFi, deferring capital gains tax until a true economic disposal occurs  —  The proposal, with input from major industry players, aims to bring tax rules in line with how DeFi works, reducing outcomes that don't reflect reality.