Mark Zuckerberg pledged to release more open-weight AI models, including Muse Glimmer and Muse Spark 1.2, alongside a $1 billion data-center community fund. In a newly-released essay, Zuckerberg proposes new ways for Americans to share in the prosperity and productivity gains from AI. — The Wall Street Journal

Apple is testing memory chips from Chinese manufacturer CXMT across iPhones and MacBooks, and seeking White House approval for China-market use, as AI demand squeezes supplies and export controls limit customization. — The Wall Street Journal

Anthropic will make auto mode Claude Code’s default for Pro, Max, and Team plans on August 14, replacing reflexive permission prompts with a classifier that apparently catches more dangerous commands while enabling longer autonomous runs. — Anthropic

Cursor could be rebranded as a Grok tool after SpaceX completes its expected $60 billion acquisition, potentially erasing a name with strong enterprise recognition as its teams move over to SpaceXAI. — The Information

Google Play added Venmo as a payment option, giving developers another way to capture growing consumer spending on apps and games while reducing checkout friction for Venmo users. — TechCrunch

Source Foundry — The Stanford-founded chip manufacturing startup raised $400M from Situational Awareness, bringing its total investment to $500M, to make semiconductor production faster and cheaper. — TechCrunch

Cambridge Aerospace — The UK startup that builds low-cost, scalable defenses against drones and missiles raised a $300M Series C led by DFJ Growth at a $3.4B valuation to expand its air-defense systems. — Bloomberg

Harvey — The legal AI startup is in talks to raise at least $500M at a $15.5B valuation, potentially led by Lightspeed, to develop proprietary models and compete with rivals including Legora. — AI Weekly

Decart — The real-time generative video startup reportedly neared a deal with Nvidia before a rumored $6B to $7B bid emerged, with SpaceX, Amazon, and Nebius said to be interested. — Calcalist

NextSlide — OpenAI acquired the startup, which turns prompts, notes, and research into editable presentations, for undisclosed terms and moved its team onto ChatGPT to advance AI-powered visual communication. — TechCrunch

"Astra is a powerful model and we are working to make it generally available," wrote @SamAltman, adding that "we do not think it is a good strategy to keep powerful models to a chosen few." He noted the delay is deliberate, wanting to take more time to ensure safety before a broader release.

"AI agentic Internet traffic will obviously VASTLY exceed human usage," wrote @ElonMusk. "Not a close call at all," he added, backing Cloudflare's forecast as "accurate.”

Pinterest post-trained open models on its own data at under 8% the per-transaction cost of closed alternatives, Wing VC partner @TanayJaipuria noted. As Pinterest chief @WilliamReady put it: "Any CEO that's not taking advantage of open source models is almost certainly wasting a lot of their shareholders' money.”

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Today’s Fascinating Fact from Harmonic