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Neo News · Aug 4, 2026

Chai’s big week, the anti-Cybertruck, & more | Neo & Noteworthy

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Natalie Chernysh, Pavla Bobosikova · Neo News

Chai Discovery announced a $400M Series C alongside new collaborations with Novartis and argenx.

Etched raised a $300M Series C at a $10.3B valuation to accelerate production of AI inference systems and clusters.

Kalshi launched its Midterms Hub, combining prediction market data, maps, polling, news, fundraising information, and historical election results.

Flint launched Ads Agent, which diagnoses Google Ads spend, executes optimizations, and learns from the resulting performance.

Neo Residency's 2026 boot camp in Oregon wrapped up. 💙

Yash Patil (CEO, Applied Compute) shared the company’s thesis on inference becoming commoditized and company-specific training creating differentiated value.

Sara Hooker (CEO, Adaption Labs) appeared on This Week in AI to discuss lower-cost frontier models and how abundant tokens may change enterprise AI economics.

Jason Marks (CEO, TELO Trucks) and his team were featured in Forbes for their novel approach to EV pickup design as they prepare to bring the first 500 vehicles to market.

Amjad Masad (CEO, Replit) outlined Replit’s vision for the “self-driving company,” where AI helps an organization learn and increasingly operate itself.

Neo Scholar Finalist weekend just took place, featuring Rob Wachen (Neo Scholar & President at Etched), Sumer Sao (Neo Scholar, Mentor & Communications Lead at Etched) and many other inspiring founders sharing their learnings.

We can’t wait to see what you all learn, accomplish, and share in August. 🎉

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