RUSSIAN DEFENCE MINISTRY: tanks from the "Eastern" operational group are destroying Ukrainian armed forces' positions and personnel in the Zaporizhzhia region.

Yemeni government officials said on the 3rd that government forces and Houthi fighters engaged in heavy clashes across multiple locations in Taiz province in the southwest, killing about 28 people on both sides, injuring dozens and displacing more than 900 households.

Purple Ventures founding partner Jakub Nytra said AI company valuations are becoming stretched and investors should prioritise firms showing real productivity gains. He expects capital allocation to become more selective over the next 6-12 months as investors separate technologies that create economic value from superficial AI labeling. Concerns about a bubble persist as sustained corporate capex and very high growth figures raise questions about durability. Nytra warned not every company adding AI to its pitch deserves an outsized valuation; winners will be those using AI to solve costly, highly complex problems.