Several US senators have written a letter to the Commodity Futures Trading Commission (CFTC), inquiring about the agency’s “plans to crack down on prediction markets” that offer “contracts for individuals to bet on wildfires.” “Offering bets on destructive wildfires threatens to minimize communities’ suffering, all so the rich and powerful can profit,” wrote (PDF) the group of senators, who represent Oregon, California, Nevada, Minnesota, and New Hampshire. The document specifically cites that Polymarket hosted bets in January 2025 on the wildfires in Los Angeles, and it mentions another website which specifically accepts “simulated bets” exclusively on California wildfires.

“There’s also the heightened risk — according to state and local fire officials — that individuals could be tempted to commit arson in order to make sure their bets are successful,” the letter continues. “By offering contracts on fires, prediction market sites run the risk of encouraging people to influence fires that have already started, creating additional concerns around public safety and insider trading.” […] Kalshi spokesperson Elisabeth Diana told Ars by email that the company does not allow such wildfire markets “because they create perverse incentives.” But its primary rival, Polymarket, has taken a different approach. A spokesperson for Polymarket told Ars in an emailed statement that the company does not “profit from outcomes,” adding that people “come to Polymarket for information.” “While we are not blind to the risks, removing these markets does not prevent a tragedy but makes the most accurate information less accessible to the people who need it most,” he wrote.

Announced by the NVM Express consortium, all 11 of the suite of NVMe specs have been updated with new features and engineering change notices. These represent the next step in the evolution of the standard, it says, which was created as a protocol to support storage devices connected to a system’s PCIe bus. Perhaps the most significant new capability is PCIe Exported NVM Subsystem Migration. This extends existing NVMe virtualization to locally-attached PCIe SSDs. It does this by abstracting the physical drives into host-defined virtualized NVM subsystems, to allow for virtual machine (VM) mobility without storage reconfiguration.

When a VM moves from one server to another, its storage also needs to move with it in a way that’s non-disruptive to any applications running in that VM. “With NVM Subsystem Migration, NVMe SSDs can present exported NVM subsystems that hide the complexity of the underlying hardware,” says Mike Allison, a senior director at SSD maker Samsung and NVM Express board member. “Instead of interacting with physical controllers and namespaces, the host only sees exported controllers and namespaces. This creates a clean separation between what the VM sees and what’s happening under the hood,” Allison explains on an NVM Express blog.

“One of the key innovations here is providing the host with control over exported identifiers. During migration, those identifiers can be carried over exactly from the source to the destination. That consistency is crucial: even if the underlying hardware uses different internal IDs, the VM sees no change and can pick up right where it left off with no storage reconfiguration required,” he says. In effect, the NVMe layer now enables the virtual machine manager (VMM) to rely on virtualization built into the SSD. The flash drive itself exposes logical, virtualized storage constructs, offloading this complexity from the VMM.

Such stages typically fall back into Earth’s atmosphere and burn up or plunge into the ocean after boosting the rocket’s payload to a precise spot in orbit. But because the January lunar lander mission required more thrust than missions closer to Earth, the rocket’s second stage remained in space, floating aimlessly among thousands of other pieces of space junk that active satellites must steer clear of. It was not until earlier this year that astronomers determined that the rocket stage, which had dumped its remaining fuel and cannot be controlled, was on an orbital trajectory ending at the moon.

“What has happened is essentially a mixture of solar activity and gravity forces have put it on a path toward the moon,” Julianna Scheiman, SpaceX director of NASA science and Dragon programs, told reporters on Monday. “This may be of some — probably minor — scientific interest, and we may learn some things from it,” said Bill Gray, creator of widely used astronomy software who published a report on the stage’s impact in April. “It doesn’t present any danger to anyone, though it does highlight a certain carelessness about how leftover space hardware (space junk) is disposed of.”

Nowhere is the US data center boom bigger than in Texas. But less than a year after declaring Texas the “epicenter of AI development,” Governor Greg Abbott has declared a moratorium on all new power grid connections for data centers — at least until developers provide more information about their projects’ potential impacts on the grid and communities. The Republican governor directed regulators in an August 3 announcement at the Public Utility Commission of Texas and the grid operators at the Electric Reliability Council of Texas (ERCOT) to perform a “comprehensive verification and audit of all data centers advancing through ERCOT’s interconnection process.” As an independent system operator, ERCOT oversees a power grid that operates separately from the rest of the United States and provides services to most of Texas.

Texas has aggressively courted data center development with its availability of cheap land and relatively abundant energy resources, along with offering state incentives, like tax breaks and fewer regulations. That puts the state on track to surpass Virginia in becoming the largest US data center market. But the recent AI boom and the accompanying frenzy of data center development threaten to overwhelm the Texas grid on paper, despite the state leading the country in adding new power generation. The ERCOT interconnection queue currently includes more than 1,800 projects representing over 474 gigawatts’ worth of requests to connect to the Texas grid — more than five times Texas’ record peak electricity demand — and about 90 percent of those power connection requests come from data centers.

“That unprecedented load growth could endanger the reliability and stability of the Texas electric grid,” according to the statement from Abbott’s office. Many of those data center projects may never materialize for various reasons. But ERCOT has still forecast that data center demand and other factors could drive statewide electricity demand to double the current demand record by 2032, according to The Texas Tribune.

EA Sports FC and Battlefield publisher EA has been taken private by an investor consortium led by Saudi Arabia’s sovereign Public Investment Fund (PIF). The move means the U.S. juggernaut is no longer a publicly-traded entity and is now majority owned by the Kingdom of Saudi Arabia through its PIF investment arm. Other investors include Silver Lake and Affinity Partners, the latter of which was established by U.S. president Donald Trump’s son-in-law Jared Kushner.

The $55 billion transaction was financed via a combination of cash from PIF, Silver Lake, and Affinity Partners as well as roll-over of PIF’s existing stake in EA — constituting an equity investment of approximately $36 billion. Notably, $20 billion of debt financing was provided by JPMorgan Chase Bank. The deal cleared the necessary regulatory hurdles in July, paving the way for its completion at the close of trading on August 4, 2026. It was approved by regulators in major markets such as the European Union and the United States without incident, despite lawmakers and union leaders in the U.S. calling on the Federal Trade Commission to heavily scrutinize the leveraged buyout over geopolitical and employment concerns.

The Financial Times learned of the limit after cybersecurity startup Bynario used ChatGPT to locate more than 50 macOS bugs in three weeks. Bynario found a privilege escalation exploit that could let an attacker get unrestricted access to a Mac, but was unable to report it because Apple limited the number of bug reports Bynario could submit. Bynario sent eight reports to Apple in 2025, and another five in 2026 before hitting a restriction.

Bynario’s founder said it is a “very difficult time in the industry” because companies are being “flooded by the sheer amount of bugs.” Apple has since been in contact with Bynario and is reviewing the company’s submissions. While Apple now has a cap on the number of open submissions a researcher can have, researchers can request an increase to make sure Apple’s security team doesn’t miss a critical vulnerability.

Founded in 2013, Airtable has so far raised more than $1.4 billion over multiple funding rounds. At its peak, during the boom days of 2021, it was valued at over $11 billion, but earlier this year, its shares were said to be trading on the secondary markets at a valuation of $4 billion. With its current net cash-and-cash-equivalents balance, Airtable is now valued at about $2.25 billion, Bending Spoons said.

“Airtable is a pioneering brand reshaping how teams organize data and manage critical workflows. The value being delivered is reflected in annual recurring revenue growing over 20% YoY to approximately $480 million as of June 2026, and joining forces with Bending Spoons will accelerate innovation even further,” Bending Spoons’ founder Luca Ferrari said in a statement.

“As we accelerate our use of GitHub Copilot to deliver on our goals, we all need to be aware of how we consume tokens,” Jay Parikh, an executive vice president at Microsoft said in an email to Microsoft employees. GitHub is owned by Microsoft, and GitHub Copilot is an AI coding tool. “Tokenmaxxing is not what we are optimizing for. I want all of us focused on maximizing outcomes that move the needle for our customers and our business.” “As such, we are updating our internal guidance and managing token spend with the same discipline we apply to every other critical resource,” Parikh said in the email.

Parikh’s email says that in an effort to “get greater value from our token investment” Microsoft is making OpenAI GPT-5.6, which is cheaper to use than other models, the default model for internal use. His email also links to updated internal Copilot guidelines stating that, as of July 2026, Microsoft divisions will have an “AI token budget target,” and that employees can track their individual AI spending. “While there is no target spend value being shared at this time. The data shows that many engineers spend in the range of hundreds of dollars a month to a few thousand dollars in tokens,” the guidelines say. They also say that some decisions may place further restrictions as they monitor spend.

[…] Parikh’s email said Microsoft will keep learning and adjusting its AI policies as models and products evolve, and stressed that he doesn’t want to slow down the company’s progress towards becoming “AI-first.” “We are not optimizing for fewer tokens,” he said. “We are optimizing for more impact per token.

Trump’s media venture has struggled to build a profitable social media business despite its lofty valuation. Truth Social has reported significant operating losses since going public. According to the company’s earnings report for Q1 2026, Trump Media & Technology Group netted a roughly $405 million loss and raised less than $900,000 in sales.

Not everyone agrees the arrangement meets the legal bar for insider trading. Shannon Devine, a spokeswoman for Trump Media & Technology Group, has pushed back on the characterization, telling Quartz that Truth API “offers customers the fastest way to ingest publicly available Truth Social data” and that critics “must have invented a new theory of ‘insider trading’ based on publicly available information.”

Classic insider trading law hinges on trading on secret, material information in breach of a fiduciary duty, and Truth Social posts are, by design, meant to become public within moments — raising real doctrinal uncertainty about whether faster access alone qualifies. But other legal experts argue the greater risk lies ahead. Richard Painter, former White House chief ethics counsel, has argued that the arrangement could violate federal law once Trump posts genuinely market-moving news — on tariffs, military action, or other policy decisions — before it’s public, with Truth Social effectively acting as a paid “tipper” on the president’s behalf.

The Federal Communications Commission, which oversees the U.S. telecom industry, is working on the measure to bar imports of new Chinese optical transceivers, which allow data to travel over fiber-optic cables at the speed of light within data centers. Officials hope to publish it this year, when it would take effect. The move, not previously reported, aims to prevent Chinese firms from stealing data, installing malware or disrupting service at U.S. data centers, which house the chips to train and run AI models.

The FCC could still modify or shelve the restriction, the sources stressed, speaking on condition of anonymity to discuss sensitive matters. […] A U.S. ban on new models of Chinese data center devices would likely hit China’s Zhongji Innolight, one of the biggest global sellers of transceivers, which was added to the Pentagon’s list of alleged Chinese military-backed companies in June. The list can be a harbinger of tougher action. A ban could also raise costs for American cloud firms such as Amazon Web Services, as it may force them to transition to other producers such as U.S.-based Coherent and Lumentum.

In a new filing, Apple is requesting expedited discovery from the accused OpenAI employees, senior systems engineer Chang Liu and Chief Hardware Officer Tang Yew Tan; OpenAI, and its foundation; and io, the device startup co-founded by Apple’s former lead designer Jony Ive. Apple also notes that its continued investigation has so far revealed 11 other former Apple employees beyond Liu and Tan may have been witnesses or otherwise involved in the case, and others who were previously named in the original complaint, like OpenAI employee Yu-Ting Peng.

The filing marks an escalation in Apple’s legal battle with OpenAI, as it suggests Apple has uncovered new evidence that the misconduct goes beyond the former employees named in the original complaint. “For example, another former Apple employee seems to have met with Mr. Liu and Ms. Peng in advance of Ms. Peng’s interview at OpenAI and discussed with them during that meeting Apple proprietary information relating to unannounced products,” the filing states. “Yet another former Apple employee took screenshots of confidential Apple documents relating to an unannounced Apple product before an interview at OpenAI.”

“And, after Apple filed its complaint, multiple former Apple employees now working at OpenAI reached out to discuss returning Apple-issued work devices they kept when they left Apple,” Apple claims, suggesting there were more who were possibly involved with the scheme. Apple is pushing the court to allow for expedited discovery because it believes it has good cause to suspect that there are others involved in the theft of its intellectual property. The company noted that its motion for a preliminary injunction is also pending.

Apple has launched a new legal challenge against a UK government demand to access its customers’ highly encrypted data, a year after the Home Office agreed to abandon its previous request. The US tech company launched the legal complaint last month at the Investigatory Powers Tribunal (IPT), an independent court that has the power to investigate claims that the UK intelligence services have acted unlawfully. The UK government had made a second request to Apple to grant it a “back door” to encrypted iCloud data belonging to British users, according to an order issued by the court.

Britain backed down on its original demand for access to data from UK and US customers last year, after a heated transatlantic tussle over encryption between London and Washington. UK authorities subsequently issued a new “technical capability notice” (TCN) to Apple that did not apply to American users. Apple is seeking to challenge the British government’s powers to issue TCNs under the UK Investigatory Powers Act, according to the details of the new legal case first reported by the Financial Times. […] The original TCN issued last year asked Apple for the right to see users’ encrypted data protected by its advanced data protection (ADP) program in the event of a national security risk.

Apple said the removal of the tool — which not even it can access — would make users more vulnerable to data breaches from bad actors and other threats to customer privacy. Creating a “back door” would also mean all data was accessible by Apple, which it could be forced to share with law enforcement possessing a warrant. As a result, Apple withdrew UK customers’ access to its ADP program in January 2025. The Home Office has maintained that the Investigatory Powers Act, under which such orders are issued, contains robust safeguards and is used only when absolutely necessary.

Sandisk and SK hynix have published the first open technical specification for High Bandwidth Flash (HBF) through the Open Compute Project. HBF is designed to create a new memory tier between High Bandwidth Memory and traditional SSD storage, giving AI inference systems more near compute capacity without relying entirely on expensive HBM. The specification supports capacities up to 512GB using 8-high and 16-high NAND stacks, with bandwidth tiers ranging from about 0.4TB per second to 3.0TB per second. It also uses the UCIe chiplet interface, which could make HBF easier to integrate with CPUs, GPUs, and other accelerators. Google and Tenstorrent participated in the standardization effort, but commercial products and independent benchmarks are still missing.

Midnight Blizzard, tracked internally by Microsoft under its earlier codename NOBELIUM, is attributed by the US and UK governments to Russia’s SVR (Sluzhba Vneshney Razvedki) foreign intelligence service. Microsoft’s technical analysis said compromises occurred in “several countries” without naming them, and it did not give a total number of affected venues, organisations or individuals.

A related investigation published earlier in July by security firm ReliaQuest, and which Microsoft cited in its report, found compromised captive portal gateways across multiple United States cities as well as in India and Saudi Arabia, mostly at hotels. ReliaQuest said the traffic it observed came from organizations across financial services, professional services, legal, health care, energy and retail, suggesting the campaign targets traveling employees generally rather than a particular sector.

[…] Where attackers gained a foothold, Microsoft said they deployed two main tools: CornFlake, a Windows remote access trojan (RAT) written in Go capable of keylogging, screenshot and webcam capture, audio surveillance and credential and session token theft. They would also drop ChocoShell, an in-memory PowerShell infostealer targeting browser cookies, saved passwords, Microsoft 365 single sign-on (SSO) tokens and wi-fi credentials. Microsoft also said it has seen indications the attackers might be targeting Android devices with similar prompts urging victims to download and install an APK file.

In a new bid to get the Thirty Meter Telescope (TMT) to move from Hawaii, which has blocked its construction for more than a decade, the Spanish government has put together a $1.14 billion package that would not only pay for construction on the Canary Islands, but would finance an additional half century of operations.

The package is conditional on the TMT International Observatory formally choosing La Palma as its construction site. The financing architecture has three pillars and two additional contingent instruments. The first pillar is 400 million euros (approximately $456 million USD) from Spain’s Ministry of Science, Innovation and Universities, routed through the Centre for Technological Development and Innovation (CDTI). This figure was first pledged a year ago in July 2025 as Spain’s initial bid.

The second pillar is a 300 million-euro (approximately $342 million USD) loan from the EIB [European Investment Bank] itself — subject to satisfactory completion of the bank’s technical, financial, and legal due diligence and approval by its governing bodies.

The third is a potential 300 million-euro (approximately $342 million USD) participation from the Instituto de Credito Oficial (ICO), Spain’s state development finance institution, evaluated under equivalent conditions to the EIB loan but subject to its own separate analysis. Spain’s export credit agency, Cesce, may also provide coverage instruments, and the EIB has left open the possibility of expanding its support through intermediated financing mechanisms or guarantees.