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Sources: Cognition is generating ~$900M in annualized revenue, up more than 3x since the start of the year, and executives project it will end 2026 with $1.5B+ (The Information)
Uber says weekly AI agent requests have grown 9.4x since February, but total AI spending has stayed stable since April, after using up its 2026 AI budget in Q1 (Madison Mills/Axios)
Sources: the FTC has been investigating whether YouTube broke consumer protection laws by violating its own policies when suspending accounts or banning content (Bloomberg)
Sources: Nvidia paused some deals with AI cloud providers in the revenue-sharing program it announced in July; Nvidia says the program is still in place (Wall Street Journal)
Sources: Anthropic discussed buying AI chip startup MatX for ~$7B, but talks are no longer active; MatX is now seeking to raise new capital at a ~$4B valuation (Reuters)
Sources: Town, which develops enterprise personal AI assistants, is in talks to raise at a $1B valuation in a round led by Index Ventures (Newcomer)
Alphabet agrees to pay £260M to settle a UK class action lawsuit claiming it levied "unfair" charges on software downloaded from the Google Play app store (Alistair Gray/Financial Times)
Sources: Abu Dhabi's Sheikh Tahnoon and co-investors back an entity owning 49%, the largest stake, in the company behind the Trump family's planned crypto bank (Wall Street Journal)
Nvidia stock closed up 8.74% on Thursday, adding ~$440B to Nvidia's market cap, after its revenue guidance reassured investors that AI demand remains strong (CNBC)
Google adds Expert Intelligence to Gemini Notebook, letting users import eligible titles they own in Google Play Books to ask questions, generate podcasts, more (Emma Roth/The Verge)
Salesforce stock closed up 22.6% on Thursday, its second-best day ever, after the company reported a beat on Q2 earnings and expanded its Anthropic partnership (CJ Haddad/CNBC)
YouTube adds Amazon to its shopping affiliate program, enabling US creators to tag Amazon products in Shorts, longform videos, and livestreams (Anna Washenko/Engadget)
Sources: Anthropic has been working on a plan to allow secondary stock sales in its IPO while also considering lockup periods longer than the standard 180 days (The Information)
Anthropic releases Model Hardware Standard, a framework to help AI agents use physical systems like microscopes, quantum computing hardware, and robot arms (Will Knight/Wired)
Internal memo: Meta's AI agent Hatch "has its own computer" to perform tasks, works when the app is closed, can connect to email, Instagram, OpenTable, and more (Hugh Langley/Business Insider)

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