A new Presidential Memorandum deputizes private firms to conduct cyber surveillance and cyber effects operations. The policy may stop scams, but raises new risks.

Xiaomi’s SU7 sedan passed 500,000 cumulative deliveries on 17 August, 28.5 months after the first handover. Deliveries of that model are down 43.6% this year, even as the company’s overall volume rose almost 15%. Xiaomi’s first car has passed half a mi…
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Fairphone is selling directly in the United States for the first time, with the $650 Gen 6+ and its twelve user-replaceable parts. The Dutch company is entering a market with no equivalent of the EU repairability rules that took effect last year. Fairp…
AI filmmaker Kavan The Kid is building copyrightable IP around The Chronicles of Bone while using faster tools, funding and audience growth to prove demand.

Etched has raised $700mn at a $21bn valuation in a round led by Jane Street, doubling the $10.3bn it was worth on 23 July. It has also completed its first customer delivery, a rack shipped to Jane Street. Etched has raised $700mn at a $21bn valuation, …
The ChatGPT maker says its upcoming Astra model may have reached “critical” cyber capabilities, prompting it to halt a significant number of training runs while it tightens internal safeguards.

Baidu revenue fell for a fifth straight quarter. The advertising business kept shrinking faster than the AI business could grow. The Chinese search company reported its results on Tuesday, with second-quarter revenue of RMB31.3bn ($4.62bn). That is dow…
EliseAI is in talks to raise $300mn at a $3.7bn valuation, according to Business Insider. Katie Roof reported the round on Tuesday, citing sources familiar with it. Andreessen Horowitz and Bessemer Venture Partners are in talks to lead it. The details …