OpenAI and Anthropic set a record $3.17M in Q2 federal lobbying. Anthropic alone now out-spends Nvidia, as AI buys influence before the midterms.

Meta’s AI moderation is deleting Facebook and Instagram accounts by mistake, and the only way to appeal a wrongful ban is often more AI.

Combined AI capex at the biggest cloud firms is set to overtake the cash their core businesses generate, and free cash flow is feeling it first.

Oracle says it may post $7bn in collateral to guarantee power for its Wisconsin AI data centre, as a regulator holds firm and S&P cuts its rating.

A State Department cable tells US envoys to counter the idea that Washington can remotely switch off American technology abroad.

Treasury's Scott Bessent says the US may sanction Chinese AI models for 'IP theft'. Nvidia's Jensen Huang calls the panic backwards: 'Zero possibility'.

Augustus, led by a 25-year-old Thiel Fellow, raised $180M at a $1bn valuation to give fintechs and banks direct, chartered access to the US dollar.

Ion Stoica's Berkeley team raised $20M for SkyPilot, a provider-neutral control plane that pools scattered AI compute across 20+ clouds into one.

A Stanford study finds US computer-science enrolment fell for the first time in two decades, as AI writes code, though the economist won't blame AI yet.

Estée Lauder says hackers stole staff SSNs, bank and health data via an Oracle E-Business flaw in 2025, disclosed nearly a year later.

Light’s first flip phone strips out the touchscreen, apps, social media, and AI. The $299 Light Flip is built for the digital-detox crowd, shipping 2027.

Moonshot AI is closing a $31.5bn round and lining up another at up to $50bn before a Hong Kong IPO, riding Kimi K3, even as open-weight AI loses money.