The Asterisk on Meta’s Nearly $30B Hyperion Deal
Meta’s reported Hyperion package would put nearly $30 billion of AI-campus financing into a special-purpose structure. The proposal would add project finance alongside continued hyperscaler capex and corporate borrowing.
Nvidia Reaches From AI Routing to a $500B Buildout
Nvidia released a 30B-parameter MoE model claiming up to 4× faster output and an agentic router. Reports that Nvidia, Apollo, BlackRock and others were working on a $500B infrastructure package extended the contest from request routing to capacity finance.
Qualcomm’s NPU Meets a Near-60% Memory Bill
On July 8, Omdia said Q1 memory costs were nearly 60% of materials for smartphones below $400. Nikkei Asia’s April projection of roughly 40% used a different low-end segment and cost base, but both expose the budget surrounding Qualcomm’s NPU.
CoreWeave’s $14.2B and $21B Meta Deals Don’t Yet Reconcile
CoreWeave sought about $8.5 billion against a Meta contract worth up to $14.2 billion. Six weeks later, CNBC reported an additional $21 billion Meta commitment that public terms do not yet reconcile, while Nvidia stood behind $6.3 billion of unsold capacity.
Anthropic details an unreleased Claude model's attempt to solve the Riemann hypothesis; it didn't solve it but “unexpectedly” made strides on a related problem
Recently, a member of staff at Anthropic gave Claude an unreasonable challenge. It was about one of the most famous …
OpenAI releases GPT-5.6-Cyber, a more cyber-permissive GPT-5.6 Sol version, to some vetted partners, and expands how Daybreak program members can use its tools
OpenAI is introducing a more cyber-permissive version of GPT-5.6 Sol to vetted defenders as it prepares companies for autonomous cyberattacks.
Nvidia partners with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, KKR, and others on a $500B funding package for AI infrastructure development
Apollo, Blackstone and Goldman Sachs are among groups working with chipmaker to raise capital for data centre boom
Sources: Apple remains on track to launch a glass-centric design overhaul of the iPhone Pro line in 2027, countering rumors that led Jefferies to downgrade AAPL
Apple Inc. is still planning to offer a glass-centric overhaul of the iPhone for the device's 20th anniversary …
Anthropic says new Claude models will embed watermarks in generated text and C2PA metadata in files to comply with the EU AI Act, and it will update past models
EU rules cited as reason for effort to trace AI output ancestry — Anthropic will embed watermarks in the text and files generated …
Zuckerberg's long essay returns to his “open” AI arguments at an opportune time, as Chinese open-weight models are “close enough” to frontier at much less cost
Zuck returns to his “open” AI arguments at an opportune time... I'm old enough to remember the last time Mark Zuckerberg …
YouTube says that from February 1, new creators will need double, or 8,000, watch hours over the past year or 20M Shorts views in the past 90 days to earn money
YouTube announced on Monday that new creators will have to meet higher thresholds to begin earning money from ads and subscriptions.
Google adds games store Aptoide to the Play Store for Android users in the US, its first third-party store, after a judge's order in the Epic antitrust lawsuit
A new day has dawned in the Play Store, and it's one that Google tried very hard to avoid. The first third-party app store …
Researchers find that feeding a frontier model's encrypted reasoning traces to a weaker model from the same provider can make it output the traces in plaintext
Researchers devised a way to extract “reasoning traces” from Claude, GPT, and Gemini. What they found, they say …
A US appeals court allows ~2,400 federal lawsuits against social media companies to proceed over claims their products were designed to addict young users
A U.S. appeals court on Monday allowed thousands of lawsuits to move forward against Meta Platforms (META.O), Alphabet's (GOOGL.O) …
Sources: Anthropic agreed to a 20-year compute deal worth $9.1B with Riot Platforms for 191 MW of capacity at Riot's Rockdale, Texas campus; RIOT jumps 15%+
Anthropic PBC has struck a $9.1 billion deal with Riot Platforms Inc., a Bitcoin mining company that recently began selling AI data center capacity …
A look at Western Australian police's first live AI facial recognition trial, which has scanned 130K+ people since June, raising accuracy and privacy concerns
By national AI reporter Cam Wilson and ABC Regional Investigations' Andy Burns — abc.net.au/news/ai-police-face- screening-trial-sparks-privacy-concern/ 107009644
Sources: OpenAI bought back ~$7B in shares from current and former employees in a tender offer valuing it at $852B, unchanged from its most recent funding round
OpenAI has completed a deal to help employees sell roughly $7 billion worth of shares in the company ahead of a possible Wall Street debut …
OpenAI launches a ChatGPT desktop app for Linux in preview, supporting ChatGPT Work, Codex, and more; Computer Use outside the in-app browser is not available
On Tuesday, OpenAI launched its ChatGPT desktop for Linux. — Now in preview, the app, which combines ChatGPT, ChatGPT Work …
Anthropic makes Claude Sonnet 5's introductory pricing permanent at $2/1M input tokens and $10/1M output tokens, canceling its planned increase on September 1
We're making Claude Sonnet 5's introductory pricing permanent. We launched Sonnet 5 in June at $2 per million input tokens and $10 per million output tokens through August 31, and that price will rema...
SpaceX's earnings show X's Q2 ad revenue at $367M, down from Twitter's $1.08B in Q2 2022; in 2022, Elon Musk said he would take X's ad revenue to $12B in 2027
When SpaceX filed for its IPO, we went through the S-1 to point out just how far off the mark Elon Musk's predictions about his Twitter takeover turned out to be.
SpaceXAI rolls out Grok Bot AI agent app in beta on Mac, iOS, Windows, and Linux, initially for SuperGrok Heavy, Cursor Ultra, and Cursor Teams Premium users
SpaceXAI and Cursor are in the process of becoming a single company, but first, the two firms are releasing an all-new iPhone and Mac app called Grok Bot.
CoreWeave reports Q2 revenue up 112% YoY to $2.58B, vs. $2.56B est., and a $104B revenue backlog, with 1.5 GW of contracted power; CRWV jumps 9%+ after hours
CoreWeave shares jumped 12% in extended trading on Tuesday after the AI infrastructure provider reported revenue than topped Wall Street expectations.
Meta releases Muse Glimmer, an open-weight model, and plans to launch an open-weight version of its most advanced model, Muse Spark 1.2, in the coming weeks
How a clause in Elon Musk's Tesla pay package, now worth up to ~$824B, could provide him a shortcut around lofty performance targets if Tesla merges with SpaceX
A critical clause in the CEO's Tesla stock award would wipe away lofty performance targets if a merger happened
Spotify says it will roll out an “AI Persona” badge in September for profiles that do “not represent a real person” and exclude their music from recommendations
Artist profiles on Spotify that do ‘not represent a real person’ will get an ‘AI Persona’ badge.
eToro agrees to acquire US-focused online brokerage TradeZero for up to $231M in cash and stock; TradeZero had ~$80M in revenue over the 12 months ended June 30
Quick Take — EToro agrees to acquire TradeZero, a U.S. online brokerage for active traders, in a cash and stock deal valued at up to $231 million.
OpenAI is hiring a power-trading lead to execute commodity hedging across its data center power portfolio, as tech companies seek a steady supply of electricity
OpenAI is hiring a power-trading lead to help manage the expanding energy needs of the electricity-intensive data centers running its artificial intelligence models.
TSMC and Sony plan to form Advanced Vision Semiconductor Manufacturing Corp, a $4.69B joint venture in Japan to make next-gen smartphone image sensors from 2029
Taiwanese chipmaker TSMC (2330.TW) and Sony Group (6758.T) said on Tuesday they will form a $4.69 billion joint venture to develop …
Trump Media reports a Q2 net loss of $238.1M, up from a net loss of $20M in Q2 2025, and says 10+ clients signed to pay up to $100K per month for its Truth API
PatronView's owner details a year of fighting scrapers: 214:1 bot-to-human page loads, 35K Claude crawls per referred visitor, and Amazon's bot referred none
A year of fighting scrapers on my 1.5 million-page website. What I tried, how I failed, and what's working now. August 7, 2026
The CFTC uses its “emergency authority” to order Kalshi to continue operating in New York after the state filed a lawsuit in July seeking to shutter Kalshi
The U.S. Commodity Futures Trading Commission announced it had ordered prediction market operator Kalshi to continue operating …
Sundar Pichai says Gemini has hit 1B+ MAUs, the company's fastest-growing product ever and its 14th product to hit the 1B-user mark
1B+ people are now using @Geminiapp every month to spark new ideas and get things done. It's our fastest growing product ever, and our 14th to hit the 1B-user mark. Kudos to @JoshWoodward & the entire...
Sources: Anthropic is courting investors for what could be the biggest IPO yet, touting rapid growth and plans to address mounting public backlash against AI
Company is racing to public markets this fall and has fielded tough investor questions on Chinese rivals, Trump-era tensions and AI infrastructure boom
Singapore raises its 2026 GDP growth forecast from 2%-4% in February to 4.5%-5.5%, citing stronger-than-expected global AI investment and robust external demand
Intel raised $20B in an upsized share sale, up from the $15B it was targeting on Monday; sources say the sale drew $100B+ in demand; INTC is up 145%+ YTD
Making Sense of the Multibillion-Dollar Numbers of Nvidia Deal, Intel Share Sale — Video Player is loading. — Unmute
Sources: investor interest in Situational Awareness surged after it nearly blew up on leveraged positions; the fund says it's not accepting new capital for now
Also leveraged ETF momentum, GameStop's eBay bid, event contract tick sizes and private equity boyfriends. — Situational Awareness
Similarweb: Bluesky's mobile MAUs fell 27% YoY to 10.4M in June and DAUs fell 26% to 3M in July; X's mobile MAUs fell 3% to 302M and DAUs fell 7% to 123.7M
Decentralized social network Bluesky was one of the bigger beneficiaries of the exodus from Elon Musk's X in November 2024, following the U.S. elections.
OpenAI unveils two Daybreak tiers: Daybreak Blue, which provides access to frontier models, and Daybreak Red, which offers purpose-trained cybersecurity models
Introducing new ways to unlock advanced cyber capabilities together with GPT-5.6-Cyber, our latest cybersecurity-specific model.
Brad Lightcap, who most recently led OpenAI's special projects division and formerly was its COO, says he is leaving the startup “to start something new”
Brad Lightcap, who most recently led OpenAI's special projects division and formerly was its chief operating officer …
Analysis: the 256GB iPhone 18 Pro is set to have a bill of materials cost ~38% higher than the iPhone 17 Pro due to memory prices; memory's BOM share hits 34%
Sources: US officials say OpenAI risks its White House relationship by hiring Dean Ball, who has criticized Trump's AI strategy after leaving the administration
Apple's iOS 27 beta 5 contains references to six unreleased iPhones: iPhone Ultra, iPhone Air 2, iPhone 18 Pro, iPhone 18 Pro Max, iPhone 18, and iPhone 18e
Hidden references in Apple's latest beta reveal unreleased iPhones, including the iPhone Ultra. — On Monday, Apple released iOS 27 beta 5 …
Source: OpenAI's AI Ethics Lead Chloé Bakalar departs after less than a year, following exits by the head of safety systems and an ex-head of mission alignment
Flight tracking platform FlightAware sues Kalshi in New York, alleging Kalshi is using its data without permission to let users bet on flight cancellations
FlightAware says such markets could incentivize unsafe tactics to impact cancellations and create the potential for disruption to air travel
How a wave of disinformation on Facebook, WhatsApp, TikTok, Instagram, and Telegram contributed to a surge of migrants from Morocco to Spain's Ceuta enclave
IBM and Together AI sign a $240M, multiyear deal to build an AI inference cluster on IBM Cloud, using Nvidia's HGX B300 systems, to support open-source models
IBM (IBM.N) and startup Together AI have signed a $240 million multi-year agreement to build a large-scale artificial intelligence cluster …
Intel announces a $15B common stock offering, with proceeds going to general corporate purposes, like “maintaining a strong balance sheet”; INTC falls 4%
Super Micro reports Q4 revenue up 93% YoY to $11.1B, vs. $11.3B est., and forecasts Q1 and FY 2027 revenue above estimates; SMCI jumps 9%+ after hours
Super Micro Computer Inc. gave a sales forecast for the current quarter that topped analysts' estimates, a sign the booming artificial …
Nvidia releases Nemotron 3.5 Lightning, an open 30B-parameter MoE model, and NeMo Switchyard, an open-source model routing library for AI agents
An NYC bill, backed by Mayor Zohran Mamdani, calls for Amazon, FedEx, and others to directly employ thousands of delivery workers; the bill could pass this fall
A New York City bill calls for the company to hire thousands of contract couriers. Amazon says the proposal will make delivery pricier and slower.
Bumble rolls out a global update that lets any user send an opening message after they match, marking a major reversal from its signature women-go-first model
Bumble Inc. will allow men to make the first move in messaging on its dating app, marking a major reversal from the company's signature women …
Royal Bank of Canada and Bank of Montreal agree to sell payments company Moneris to PE firm Francisco Partners for CA$2B in cash, splitting proceeds equally
Two of Canada's largest banks agreed to sell payments firm Moneris Solutions Corp. to Francisco Partners for C$2 billion ($1.4 billion) in cash.
Sources: Phia co-founders Phoebe Gates and Sophia Kianni pushed for and were aware for seven months of using “cookie stuffing” to claim affiliate commissions
Phia co-founders Phoebe Gates and Sophia Kianni pushed for features in the e-commerce startup's software that took credit …
A look at London-based Cosine, which is building an AI frontier model with UK government backing, as some question if it has the talent, compute, and capital
Filing: Sergey Brin donated another $20M to Building a Better California, which fights California's proposed wealth tax, taking his total contributions to $102M
Source: Trajectory, founded by ex-DeepMind, Apple, OpenAI, and Meta staffers to build continual learning models, raised $40M led by Sequoia at a $300M valuation
As closed-source models have gotten more expensive, businesses have found workarounds by customizing open-source AI for their specific needs.
Source: Kalshi's annualized revenue topped $4B in July, up from $2B+ two months earlier, and its operating expenses totaled $300M in June
World Cup wagers helped double Kalshi's revenue to a more than $4 billion annualized rate in July, from a pace of over $2 billion two months earlier, a person familiar with the matter said.
Google adds Venmo as a payment option on Google Play for games, apps, add-ons, subscriptions, and more in the US, expanding support beyond PayPal and Cash App
Filings show Uber divested from long-time partner Serve Robotics in Q2, as the companies clash over how to deploy delivery robots; Serve has a DoorDash deal
Uber Technologies Inc. has divested from long-time partner Serve Robotics Inc. as the two companies clash over how to deploy delivery robots …
Sources: David Sacks' Craft Ventures is targeting around $1B for a new fund, its first since Sacks stepped down as the White House AI and crypto czar
Craft Ventures, the VC firm helmed by former White House AI czar David Sacks, is raising its first fund since Sacks stepped away …
Manus says it will “soon return to operating as an independent company”, implying it is close to reversing its acquisition by Meta, after China's order in April
xAI co-founder Igor Babuschkin's River AI raised $1B led by General Catalyst to build home or small business computer servers capable of running AI locally
Igor Babuschkin built a new start-up, River AI, and hopes to provide ways for people to “retrain,” or modify, artificial intelligence …
Accel raised $3.5B in funds for early-stage investments, including a $1.35B global expansion fund for larger early-stage rounds and rapid follow-on investments
Accel, a global venture capital firm with offices in Silicon Valley, London and Bangalore, India, has raised $3.5 billion …
How India's IT services sector, which employs 6M people, contributes ~7% of GDP, and generates $300B+ annually, is shedding jobs as AI automates formulaic tasks
The US Ninth Circuit dismisses Meta's bid to pause state AGs' landmark trial alleging its products addict children and have caused a youth mental health crisis
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Tel Aviv- and San Francisco-based Corma, which develops AI models for defensive cybersecurity, emerges from stealth with a $60M seed led by Sequoia Capital
Anthropic, Macquarie, and Singapore's GIC form Theseus Infrastructure to develop AI computing sites; Anthropic commits to cover consumer electricity price hikes
As Waymo expands its fleet from 700 in 2025 to nearly 4,000 now, recalls and edge-case failures like flooded roadways and a San Francisco power outage mount
River Markets, which gives professional traders a single place to trade across multiple prediction markets, raised an $8.5M seed led by Haun Ventures
Prediction markets are getting serious. Once confined to casual betting, financial institutions now view them as valuable tools to hedge risks and trade on economic events.
Sources: Nvidia is developing a Nemotron 4 model with 1T+ parameters, up from Nemotron 3 Ultra's 550B parameters but smaller than leading Chinese open models
The Information:
Sources: Microsoft plans to unveil its next-gen AI chip, the Maia 300, potentially as soon as September, and is in talks with TSMC to make 300K+ chips for 2027
Sources: former OpenAI Chief Product Officer Kevin Weil is aiming to raise $150M for a new AI science startup, seeking a valuation of at least $750M
Kevin Weil, the former chief product officer of OpenAI, has sought a valuation of at least $750 million for a new AI science startup …
Source: Applied Compute, which helps companies customize models with their data, is in talks to raise “hundreds of millions” led by Elad Gil at a ~$3B valuation
Online course cheating has accelerated from chatbot-written essays to agents executing commands like “log in and complete my quiz”; major AI tools didn't refuse
Sources: AI cloud computing provider Lambda is selling a $917M leveraged loan to finance the purchase of GPUs as part of a contract with Nvidia
Big Tech's AI boom echoes the 1870s railroad buildout, and Nvidia shifting risk to institutional capital may expose investors if AI revenues fail to materialize
Ben Thompson /Stratechery: