Early-stage venture fund backed by Bloomberg
Meteorological agencies and the UN have reported a very strong El Niño that has continued to intensify in August 2026. Forecasts show record-warm Pacific sea-surface temperatures, rising global heat and an elevated risk of droughts, floods and food insecurity that will push tens of millions more people into acute hunger this year and next.
Enterprise AI spending has doubled as firms shift to use frontier models for planning and delegating tasks to cheaper tools for day-to-day work. Stakeholders warn that token costs remain unpredictable, prompting a push for better governance, budgeting and measurement across organizations.
A federal judge has paused an order that would have forced the Donald J. Trump Revocable Trust to hand over detailed financial records to the BBC in a $10bn defamation suit. The stay will last while the court considers Trump’s request to amend his complaint to focus on personal reputational harm rather than business damages.
Rheinmetall has revised its revenue guidance for 2026 to as low as €13.7 billion, down from €14.0 billion, while maintaining its operating margin. The company reports a 39% rise in first-half sales and a 74% jump in profits, with new naval division contributing to growth; investors weigh valuations amid strong orders and potential shifts in government spending.
The Times of Israel reports that Ben Gurion Airport has faced ongoing disruption amid staffing shortages and a wildcat strike that halted check‑in and baggage handling. Management and unions are negotiating to ramp up staffing ahead of the Jewish holidays as operations try to return to normal.
Syria has signed a memorandum with Russia that will hand civilian control of Hmeimim airport and Tartus’ commercial berth to Damascus and convert military areas at both sites into joint Russian–Syrian training centres. The agreement follows 18 months of talks, sets a three‑month transition and preserves Russian access for naval and air transit duties.
Mark Zuckerberg has published a manifesto arguing AI should be widely accessible and accompanied by personal AI agents. Meta launches Muse Glimmer, a downloadable AI model, and outlines safeguards and privacy protections while signaling a shift toward distributed power and entrepreneurial opportunity. The piece synthesizes perspectives from other tech leaders and frames the debate around control, jobs, and governance.
Bloomberg reports Warner Bros. shares have risen in recent sessions, narrowing the gap to Paramount’s $31 offer to about $3 after a rebound from a July spread that peaked above $5 amid state antitrust actions.
The Times of Israel reports Team8 has secured a fresh funding round led by global investors, expanding its assets to nearly $2 billion. The third venture fund will invest in Israeli-founded AI startups across cybersecurity, software infrastructure, fintech and digital health, with additional dollars allocated to follow-on investments.
Paramount has secured global competition clearances for its merger with Warner Bros. Discovery, but a U.S. antitrust lawsuit led by California’s attorney general remains unresolved and could delay closing. The deal has won approvals in 66 jurisdictions, while U.S. federal approval is in place.