AI Frenzy: Billion-Dollar Deals, Breakthroughs & Backlash (Aug 3–4, 2025)
The EU AI Act’s governance standards, GPAI classification, and sanctions regime took effect August 2, as Google signed the EU’s voluntary AI Code of Practice and Meta declined. In the U.S., a Senate plan for a five-year moratorium on state AI laws drew opposition from 17 Republican governors. OpenAI raised $8.3 billion at a $300 billion valuation. A Florida jury awarded $243 million to a family in a Tesla Autopilot crash case.
