Techmeme
-
Effective Altruism, hit by the SBF turmoil, is drawing record funding as Anthropic and OpenAI IPOs are set to mint new millionaires wedded to "effective giving" (Financial Times)
-
Point2 Technology, which develops RF-based data center interconnection tech, raised a $136M Series B from LB Investment, Arm, Maverick Silicon, and others (Giacomo Lee/SDxCentral)
-
SF-based Vals, which develops evaluations and benchmarks to test AI models on real-world tasks, raised a $40M Series A led by a16z at a $400M valuation (Abhinaya Prabhu/Tech Funding News)
-
Sources: China plans to soon lift a travel ban on Manus founders as the company unwinds its $2B acquisition by Meta; CEO Xiao Hong plans to return to Singapore (Zijing Wu/Financial Times)
-
Sources: Uber and Rapido discussed merging their India ride-hailing operations in May; talks collapsed after disagreements over the proposed deal's structure (The Economic Times)
-
Dynatrace agrees to acquire Arize, which specializes in AI observability and the AI development lifecycle, for $915M, including ~$815M in cash (Larry Dignan/Constellation Research)
-
Sources: OpenAI's repeated exec reshuffles and departures have frustrated some staff as it prepares for an IPO; it disbanded its "preparedness" team in July (Financial Times)
-
Source and letter: the US plans to tell 35 partner countries they'll be excluded from the US-led Pax Silica initiative if they also join China's rival framework (Michael Martina/Reuters)
-
How dual-valuation deals became pervasive in the current frenzied AI funding cycle, with prestige VC firms monetizing their brand names by getting better prices (M. Sriram/Newcomer)
-
Commerce Secretary Howard Lutnick says the US is "not in favor" of Apple buying Chinese memory chips, and there have to be "other solutions to the memory issue" (Wall Street Journal)
-
Sources: Anthropic projects 2028 revenue of ~$190B-$200B, vs. a revenue run rate of $47B in May, as bankers and investors price the company ahead of an IPO (Echo Wang/Reuters)
-
Waymo receives approval from the California Public Utilities Commission to expand across 18 counties, including Sacramento and San Diego (Fred Lambert/Electrek)
-
Sources: Nvidia has reworked a deal to finance an OpenAI Ohio data center campus so that it would initially guarantee only half of its planned $250B backstop (Anissa Gardizy/Wall Street Journal)
-
SpaceX closes its $60B acquisition of Cursor, two months after SpaceX formally announced it had agreed to acquire the startup (Bloomberg)
-
Z.ai says GLM-5.3 scores 84.5% on CyberGym, vs. Mythos 5's 83.8%, and its most sensitive cybersecurity functions will only be available to verified users (Reuters)