Risk report: Anthropic raises misalignment risk estimate from very low to low and says it doesn't plan to release a stronger internal model called “Model 2”  —  Anthropic does not plan to release an internal model that appears to be more powerful than top-of-the-line Mythos …

Sources: Anthropic projects 2028 revenue of ~$190B-$200B, vs. a revenue run rate of $47B in May, as bankers and investors price the company ahead of an IPO  —  As Anthropic prepares for what could be one of the biggest IPOs on record, Wall Street is looking further into the future …

Source: OpenAI CFO told investors that enterprise business now generates more revenue than ChatGPT-led consumer business; enterprise customers grew 32% in July  —  At the end of a week of turmoil in OpenAI's C-suite, finance chief Sarah Friar held a meeting with investors on Friday …

SpaceX closes its $60B acquisition of Cursor, two months after SpaceX formally announced it had agreed to acquire the startup  —  SpaceX has completed a $60 billion acquisition of artificial intelligence coding startup Cursor, a key part of Elon Musk's bid to gain ground on rivals Anthropic PBC and OpenAI.

Z.ai says GLM-5.3 scores 84.5% on CyberGym, vs. Mythos 5's 83.8%, and its most sensitive cybersecurity functions will only be available to verified users  —  Chinese AI startup Z.ai said on Friday its open-source GLM-5.3 model had neared Anthropic's restricted Mythos 5 in identifying software …

Sources: PayPal is in talks to sell itself to a group including Stripe and Advent, which proposed paying $60.50/share in July; PayPal is seeking a higher price  —  The fintech startup and private-equity firm Advent offered to buy the struggling payments company in July

Alibaba releases weights for Qwen3.8 models under Apache 2.0 license, including Qwen3.8-27B, which it says beats Qwen3.7-Plus and excels in real-world coding  —  We promised open weights for Qwen3.8. Now, time to meet them! 🎉 ⚡ Qwen3.8-27B: - A native multimodal dense model. With just 27B parameters, it outperforms Qwen3.7-Plus overall and shines in real-world coding & office workflows. - 262K native context, easily extendable to 1M

Google adds a toggle in Gemini and Flow to remove visible watermarks from AI-generated images, videos, and music; SynthID watermarks and C2PA metadata remain  —  Google will still embed invisible SynthID and C2PA watermarks into AI-generated images, videos, and music.

Waymo receives approval from the California Public Utilities Commission to expand across 18 counties, including Sacramento and San Diego  —  Waymo says California regulators have signed off on the biggest expansion of its robotaxi service yet, covering 18 counties from Sonoma down to San Diego.

The US OCC conditionally approves a bank charter application for Trump family's World Liberty Financial, allowing it to directly issue its USD1 stablecoin  —  A national U.S. bank regulator on Friday conditionally approved a bank charter application linked to President Donald Trump …

Source and letter: the US plans to tell 35 partner countries they'll be excluded from the US-led Pax Silica initiative if they also join China's rival framework  —  The U.S. is preparing to tell dozens of countries they must pick sides in the artificial intelligence race with China …

SF-based Vals, which develops evaluations and benchmarks to test AI models on real-world tasks, raised a $40M Series A led by a16z at a $400M valuation  —  - Vals AI raised $40 million in a Series A round at a $400 million valuation.  — Revenue has grown eightfold since 2025 …

Point2 Technology, which develops RF-based data center interconnection tech, raised a $136M Series B from LB Investment, Arm, Maverick Silicon, and others  —  Data center interconnect disruptor Point2 Technology celebrates Series B success  —  AI data center interconnect specialist Point2 …

Effective Altruism, hit by the SBF turmoil, is drawing record funding as Anthropic and OpenAI IPOs are set to mint new millionaires wedded to “effective giving”  —  Expected IPOs for Anthropic and OpenAI are set to mint a new generation of philanthropists wedded to ‘effective giving’

Sources: Uber and Rapido discussed merging their India ride-hailing operations in May; talks collapsed after disagreements over the proposed deal's structure  —  Uber and Rapido discussed merging their India ride-hailing operations in May, sources told us.  Talks collapsed after disagreements over the proposed deal's structure.

Sources: Nvidia has reworked a deal to finance an OpenAI Ohio data center campus so that it would initially guarantee only half of its planned $250B backstop  —  Under new proposed terms, the chip maker would initially backstop only half of the 10-gigawatt project

Filing: Nvidia has a nearly $21B stake in SpaceX and a $30B stake in Intel; Nvidia invested as much as $2B in xAI in 2025 and $5B in Intel  —  Nvidia Corp. on Friday disclosed a nearly $21 billion stake in Elon Musk's SpaceX and a $30 billion one in Intel Corp.

Dynatrace agrees to acquire Arize, which specializes in AI observability and the AI development lifecycle, for $915M, including ~$815M in cash  —  Dynatrace acquired Arize, which specializes in AI observability and the AI development lifecycle, in a deal worth $915 million.