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Filings: Microsoft's Ireland hub generated $47B in pretax profits for FY 2025, or 38.1% of its global total; new EU rules require country-by-country reporting (Wall Street Journal)
Google launches Nano Banana 2 Lite, a low cost text-to-image model that delivers outputs in four seconds, and rolls out Gemini Omni Flash to developers (The Keyword)
SCOTUS agrees to hear Apple's appeal of a 2025 contempt ruling in its Epic case after a district judge found Apple violated an order to make App Store changes (Mike Scarcella/Reuters)
Schneider Electric agrees to buy industrial AI company Cognite in a $3.1B all-cash deal, and plans to combine Cognite with its industrial software company Aveva (Frank Connelly/Bloomberg)
Visa, Mastercard, Stripe, BlackRock, Coinbase, and 140+ companies join Open Standard to launch Open USD, a stablecoin that shares earnings from its reserves (Kyle Baird/The Block)
Ottawa-based Dominion Dynamics, which is building software, sensors, and drones to autonomously monitor the Arctic, raised a CA$139M Series A led by Georgian (Josh Scott/BetaKit)
Anthropic launches Claude Science, an AI workbench that uses existing Claude models like Opus 4.8 to integrate 60+ scientific databases and specialized toolkits (Rebecca Bellan/TechCrunch)
Source: OpenAI engineers earlier this month told some colleagues they had figured out a way to more than halve the cost of inference (Stephanie Palazzolo/The Information)
A study of 22K US companies shows those spending most heavily on AI are adding workers faster than peers, but most gains are among tech companies and startups (Financial Times)
Anthropic launches Claude Sonnet 5, saying it nears Opus 4.8 performance at lower prices and is substantially better than Sonnet 4.6 for agentic work (Anthropic)
Claude Sonnet 5 costs $2 per 1M input tokens and $10 per 1M output tokens through August 31, after which prices rise to $3 and $15, respectively (Zac Hall/9to5Mac)
Google shuts down the Tenor API, affecting GIF pickers on platforms like Discord, WhatsApp, and Bluesky; Nikita Bier says X has migrated elsewhere (Ben Schoon/9to5Google)
Omen AI, which provides real-time coolant health monitoring for data centers, raised a $31M Series A led by Nava Ventures, bringing its total funding to $41.5M (Tim Fernholz/TechCrunch)
WhatsApp rolls out username reservations globally, allowing users to claim a unique name before the privacy-focused feature launches later this year (Marcus Mendes/9to5Mac)
SCOTUS limits the law enforcement use of "geofence" warrants, saying people have "a reasonable expectation of privacy" in their cell-phone location data (TechCrunch)
Sources: Amazon is weighing using OpenAI's and its own Nova models to cut costs after Anthropic raised prices for using its models in Amazon products (Catherine Perloff/The Information)
Quantifind, whose AI products help banks combat financial crimes such as money laundering, raised $200M led by Summit Partners (Laura Kreutzer/Wall Street Journal)
In Q2, there were thirteen $1B+ US venture-backed startup exits, either through acquisition or IPO, the most exits since the 2021 market peak (Joanna Glasner/Crunchbase News)
California strikes a deal with Anthropic to expand the use of Claude products across state agencies and local governments at a 50% discount (Christine Mui/Politico)
Baz releases Baz Planner, which uses four specialized AI agents to analyze code at the planning stage, and extends its seed funding by $9M to $17M (Mike Wheatley/SiliconANGLE)

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