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Sources: xAI raised $5B at a $45B valuation, almost double its valuation a few months ago; SpaceX prepares a tender offer that would value the company at $250B+ (Financial Times)
X sues to block California’s AB 2655, aimed at curbing AI-generated deceptive election content on social media, claiming it impinges on free speech (Peter Blumberg/Bloomberg)
Alibaba reports Q2 revenue up 5% YoY to ~$32.4B, below ~$32.7B est., and net income up 58% YoY to ~$6.07B due to the performance of its equity investments (Ruxandra Iordache/CNBC)

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