Techmeme
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A profile of Russia's A7, a payment network that helps Russia bypass Western sanctions, handling ~20% of payments in Russian foreign trade, or $100B+ annually (Alexander Osipovich/Wall Street Journal)
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Amazon is backing a 7.65 GW gas plant for an off-grid TX AI data center, potentially the largest single US emissions source, at odds with its 2040 net-zero goal (Hiroko Tabuchi/New York Times)
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South Korea's AI-driven chip industry boom is reordering the country's society, changing expectations around fairness, careers, and even culture and dating (Bloomberg)
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How Amazon and Gilroy, California, quietly negotiated a $2B data center project that AWS applied to build in 2020, without any public meetings or votes (Zusha Elinson/Wall Street Journal)
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A profile of Tatyana Kim, founder of Russia's largest online retailer Wildberries, which has lost an estimated third of its warehouse space to Ukrainian attacks (New York Times)
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Ukrainian attacks on warehouses of Russia's largest online retailer Wildberries are affecting tens of thousands of small businesses that rely on the platform (Reuters)
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Analysis: South Korea and Taiwan each surpassed Japan in total exports for the first time in H1 2026, as AI demand drove explosive growth in chip exports (Nikkei Asia)
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X announces the Original Content Rewards Program and will discontinue Revenue Sharing on Sep. 7, saying existing Revenue Sharing members can apply for access (@xcreators)
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Sources: Nvidia agrees to invest $2B in Lancium, the power infrastructure developer of the Stargate campus in Texas, plus $1B more if it hits certain thresholds (The Information)
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Analysis: SpaceX is on track to build ~10 GW of compute capacity by 2027's end, with 6 GW-8 GW in 2027 alone, which could drive $300B in annual revenue run-rate (SemiAnalysis)
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Anthropic announces a feature that allows different Claude Code sessions to message each other with updates and other information, available on macOS and Linux (Marcus Mendes/9to5Mac)
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Filings: Moonshot restructured its China-based entity from a limited liability company to a joint stock company in its first visible step toward a Hong Kong IPO (Financial Times)
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The US OCC denies Dutch fintech Bunq's application for a national bank charter, citing the need for more clarity on its business plan to expand in the US (Bloomberg)
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Sources: Situational Awareness invested $500M, including $400M this week, into Source Foundry, a startup that plans to develop new AI chip manufacturing tools (Wall Street Journal)
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The Clarity Act faces uncertainty after Senate Republicans delayed a vote until after their August recess, pushing it to September, just weeks before midterms (Jasper Goodman/Politico)