AI Daily: Sunday, August 30, 2026

SOXL cratered nearly 10% on the week as the post-Nvidia earnings glow faded and Trump's semiconductor tariff threat hit leveraged chip exposure hard. • Sony Music and Warner Chappell sued Anthropic for copyright infringement, seeking up to $150K per work in what could be a multi-billion-dollar landmark case for generative AI. • Tencent open-sourced its new frontier model Hy4, entering the global LLM race and challenging Meta's Llama as China's open-weight AI push accelerates. • AI-generated music fraud is now a systemic crisis, with bad actors using audio tools to spoof artist identities and siphon streaming royalties at scale. • Trump's EPA is moving to let data centers bypass public air-pollution comment periods, stripping local communities of oversight over the AI infrastructure boom.