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Wall Street Journal : Sources: Situational Awareness offered part of its $5B Anthropic stake at a 20% discount as it scrambled for cash; word of its trouble left it "being hunted" - From whispers of an Anthropic stake sale to strange options moves, traders sensed trouble and swung into action
David Sacks / @davidsacks : David Sacks says "Dario Amodei believes frontier AI is too powerful to distribute; we believe it is too powerful to centralize" after Amodei shared policy ideas - Some thoughts on Dario's post: 1. Dario does not actually address Gavin Baker's account of what he said - something he could easily deny if it were inaccurate. 2. Dario claims his critics live in a "bubble"…
Samantha Cole / 404 Media : Pornhub's parent company, Aylo, will pay $120M to settle two 2021 class action lawsuits in California and Alabama alleging it profited from child abuse material - The deal settles class action lawsuits claiming Mindgeek's sites hosted and profited from abuse videos of minors.
Alan Neuhauser / Axios : Sources: Crusoe is in IPO talks with at least four Wall Street banks, including JPMorgan, which is advising on its $3B pre-IPO fundraise set to value it at $35B - Crusoe, a data center developer and power supplier, is in IPO talks with at least four Wall Street banks, Axios Pro has learned.
Jonathan Vanian / CNBC : Opening arguments begin Tuesday in the state AGs' social media addiction lawsuit against Meta; New Mexico AG says the consequences could be "astronomical" - If New Mexico created the blueprint for taking on Meta, California could determine the company's fate when it comes to critical changes at Facebook and Instagram.
Stacy Cowley / New York Times : BNPL lenders like Flex, Zip, and Affirm are now pitching loans for basic household needs; Americans spent $160B through pay-later loans in 2025, up 2x from 2023 - The rapid growth of pay-later loans raises questions about whether their popularity is driven by consumer preference or desperation.
Bloomberg : Sources: Anthropic's revenue run rate reached $65B by the end of July, up from $47B in May and $9B in late 2025 - Anthropic PBC is on track to generate annualized revenue of more than $65 billion based on its current performance, according to people familiar with the matter …
Dominic-Madori Davis / TechCrunch : African defense tech company Terra Industries, founded in 2024, raised a $52M seed round from 8VC and others, and says it's on track to book $100M in contracts - African defense tech company Terra Industries on Monday announced an additional $18 million in funding, bringing its seed round to $52 million.
Bloomberg : Sources: the US DOJ has been investigating a16z for nearly a year over whether its partners are improperly serving on the boards of competing AI companies - Venture capital firm Andreessen Horowitz is the focus of a Justice Department antitrust probe over whether its investment partners …
Cursor : Cursor says it is rolling out its code hosting service Origin in early beta on all paid plans, featuring support for repos, pull requests, GitHub sync, and more - Cursor can now host your code. - Origin begins rolling out today in early beta on all paid plans.
Emma Roth / The Verge : YouTube will start counting a view as soon as a video starts to play, from August 24, lining up with the system used by Instagram, TikTok, and its Shorts videos - By tracking views from the instant a video starts to play, YouTube's new counter works more like TikTok, X, and Instagram.
James Nani / Bloomberg Law : Google wins a bankruptcy auction with a $10M bid to acquire deidentified business data, software code, and more from Spirit Airlines to improve its AI models - Google LLC won a bankruptcy auction for a trove of deindentified business data, software code, and operations records …
Tobias Burns / CNBC : Nvidia's $500B funding package announcement for AI infrastructure follows SEC's July guidance that confirmed looser restrictions for data center securitizations - Recent Securities and Exchange Commission guidance is underpinning the debt-fueled data center buildout to support artificial intelligence.
Simon Foy / Financial Times : Monzo Chair Gary Hoffman is leaving after some of Monzo's biggest shareholders called for his removal following the board removing TS Anil as CEO in December - Digital bank removed TS Anil as chief last year before reinstating him to board after investor rebellion
Reuters : A German regulator says Apple will make changes to ATT, after finding Apple gave its apps more favorable consent prompts than those of third-party developers - Apple will change rules governing how app developers can use personal data for targeted advertising on iPhones and iPads …