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Loss-of-control reports nearly doubled. Texas cut its own Meta cheque.

Friday night into Saturday morning. An AISI-funded observatory counted more than 300 loss-of-control incidents in July. Texas skipped the $17 billion multistate Meta deal and took $1.05 billion alone. SK hynix broke ground on a more-than-$4 billion Indiana packaging fab. a16z closed a $1.1 billion hardware-only Machine Age fund. An AI mortgage startup banned AI for most new hires.

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