Google unveiled Pixel 11 with 120x Super Res Zoom, AI sign language transcription via DeepMind, and Gemini Intelligence automating tasks across more than 40 apps.
CoreWeave Revenue Doubles to $2.6 Billion as AI Backlog Hits $104 Billion
CoreWeave reported Q2 revenue of $2.58 billion, up 112% year over year, with its AI backlog swelling to $104 billion and shares jumping 13.5% after hours.
US Inflation Holds at 3.4% in July as Energy Costs Drive Real Wages Negative
The July CPI rose 0.1% monthly and 3.4% annually, keeping inflation above the Fed’s 2% target and eroding real wages for a fourth consecutive month.
US Forces on Track to Exit Iraq by September 30, Ending 23-Year Mission
US officials confirmed forces will complete their Iraq withdrawal by September 30, ending a 23-year military presence and handing off to economic partnerships.
Turkey’s Parliament Votes 468-88 for Conditional PKK Pardon
Turkey’s parliament passed a conditional pardon for PKK militants 468-88, contingent on full disarmament verified by Ankara’s National Security Council.
Syrian Court Sentences Assad to Death in Absentia for Crimes Against Humanity
Syria’s Fourth Criminal Court sentenced former president Bashar al-Assad to death in absentia on August 11, the first verdict against him since his regime collapsed in December 2024.
Meta Releases Muse Glimmer, a 30-Billion-Parameter Open-Weight AI Agent
Meta’s Muse Glimmer is a 30-billion-parameter open-weight AI agent running locally on consumer GPUs under Apache 2.0, paired with Mark Zuckerberg’s broadside against closed-AI-lab strategies.
Nvidia Mobilizes $500 Billion in AI Infrastructure Financing With Six Wall Street Firms
Nvidia signed MOUs with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to create AI compute financing platforms targeting over $500 billion in third-party capital.
US Inflation Falls Below 3% for First Time Since 2021
July 2026 US CPI came in at 2.9% year-over-year — the first sub-3% reading since 2021 — strengthening the case for a Federal Reserve rate cut at the September meeting.
Russia Plans Kyiv Energy Strikes Before Ukraine’s Independence Day
Russia is preparing large-scale strikes on Kyiv’s power grid before August 24, exploiting Ukraine’s acute shortage of Patriot ballistic missile interceptors at the worst possible moment.