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Chinese stocks rally on August 22, driven by gains in local chipmakers Cambricon and Hygon, after Nvidia reportedly halts the production for its H20 chips (Bloomberg).

OpenAI sets up a legal entity, and plans to open its first office in India after launching ChatGPT Go, its cheapest plan, in the country on August 19 (@munsifv / Reuters).

Sources: EU officials are fast-tracking digital euro plans, and considering Ethereum or Solana over a private blockchain after the US passed the Genius Act (@nikasgari / Financial Times).

Vivo demos Vivo Vision, its first MR headset, which looks like an Apple Vision Pro clone but is ~40% lighter with micro-OLED displays, and could cost ~$1,400 (@heaney555 / UploadVR).

Sources: the Trump admin plans to reallocate $2B+ from CHIPS Act to fund critical minerals projects, aiming to cut US reliance on China for key resources (Reuters).

OpenAI says its Chief People Officer Julia Villagra will leave on August 22; Villagra joined in February 2024 and was promoted to the role in March 2024 (@annatonger / Reuters).

Court filing: Elon Musk says he talked to Mark Zuckerberg in February about backing a $97.4B OpenAI bid, but neither he nor Meta signed a letter of intent (Financial Times).

Jensen Huang says Nvidia is in talks with China over H20 security concerns, is hopeful for a resolution, and reiterates that the H20 has no "security backdoors" (Nikkei Asia).

Sources: Nvidia told suppliers like Amkor and Samsung to halt H20 chip production after China urged local tech firms to avoid H20 over alleged security concerns (@qianerliu / The Information).

Y Combinator filed an amicus brief in support of Epic Games in their antitrust lawsuit against Apple, calling App Store fees "a punitive tax on innovation" (@mvcmendes / 9to5Mac).

Sources: Meta has poached Frank Chu, an Apple exec who led AI teams focused on cloud infrastructure, training and search, despite Meta's plans to slow hiring (@markgurman / Bloomberg).

Clothing subscription service Rent the Runway gives up around 86% ownership to three lenders in exchange for $240M+ in debt relief and $20M in fresh financing (Bloomberg).

Zoom reports Q2 revenue up 5% YoY to $1.22B, Enterprise revenue up 7% to $730.7M, vs. $716.7M est., raises FY 2026 forecast above est.; ZM jumps 6%+ after hours (@brodyford_ / Bloomberg).

Source: the Trump administration considers taking equity stakes in CHIPS Act recipients but not in firms that are increasing US investment, like TSMC and Micron (Wall Street Journal).

Source: Meta has signed a deal with Google, worth more than $10B over six years, to use Google Cloud's servers, storage, networking, and other services (The Information).

Anthropic says it worked with the US National Nuclear Security Administration on a classifier to block concerning chats, like those on building nuclear reactors (@mchalfant16 / Semafor).

Russia orders that state-backed messenger app MAX, which critics say could be used to track users, must be pre-installed on phones and tablets from next month (@a_osborn / Reuters).

Trump signs an EO creating the National Design Studio to improve "websites and physical sites"; sources say he's tapping Airbnb co-founder Joe Gebbia to lead it (@gregorykorte / Bloomberg).

a16z hires Anne Neuberger, formerly a senior cybersecurity official in the Biden White House, as a senior adviser to work on "American Dynamism, AI, and cyber" (Patrick Howell O'Neill / Bloomberg).

Google will provide Gemini for Government to US federal agencies at $0.47 per agency through 2026; OpenAI and Anthropic are offering their products for $1/year (@juliashapero / The Hill).