Sources: SoftBank is in talks to buy a majority stake in humanoid robot maker 1X at a $6B valuation; 1X sought $1B at a $10B valuation in 2025, but raised <50% (The Information)

SoftBank is negotiating to buy a controlling stake in humanoid-robot maker 1X at a $6 billion valuation, below the company’s 2025 $10 billion target and its $1 billion funding request. Nvidia posted Q2 revenue of $96.22 billion, a 106% YoY rise, with data-center sales up 117% to $89 billion. Meta will pay up to $18 billion to settle state claims over child-addiction practices and will impose new limits on teenage use of Facebook and Instagram.