Top of the Hour — 1:00 PM · Tue Aug 25, 2026
Tuesday, August 25: Nvidia moves to back Perplexity at a $30B-plus valuation as the AI search startup's annualized revenue triples to $750M; XPeng raises $900M-plus for humanoid robots; the UK's AI safety bill clears the House of Commons; and the US 'Great American AI Act' stalls in the House over state-preemption. In this hour: Nvidia in Talks to Back Perplexity at $30B-Plus Valuation · Nvidia Falls for Seven Straight Sessions as AI Spending Scrutiny Builds · XPeng Raises $900M-Plus for Humanoid Robots · UK's AI Regulation and Safety Bill Clears the House of Commons · The 'Great American AI…
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