Techmeme
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Sources: Nvidia agrees to invest $2B in Lancium, the power infrastructure developer of the Stargate campus in Texas, plus $1B more if it hits certain thresholds (The Information)
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Analysis: SpaceX is on track to build ~10 GW of compute capacity by 2027's end, with 6 GW-8 GW in 2027 alone, which could drive $300B in annual revenue run-rate (SemiAnalysis)
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Anthropic announces a feature that allows different Claude Code sessions to message each other with updates and other information, available on macOS and Linux (Marcus Mendes/9to5Mac)
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Filings: Moonshot restructured its China-based entity from a limited liability company to a joint stock company in its first visible step toward a Hong Kong IPO (Financial Times)
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The US OCC denies Dutch fintech Bunq's application for a national bank charter, citing the need for more clarity on its business plan to expand in the US (Bloomberg)
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Sources: Situational Awareness invested $500M, including $400M this week, into Source Foundry, a startup that plans to develop new AI chip manufacturing tools (Wall Street Journal)
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The Clarity Act faces uncertainty after Senate Republicans delayed a vote until after their August recess, pushing it to September, just weeks before midterms (Jasper Goodman/Politico)
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Sources: data center operator Switch filed confidentially for a US IPO, and a listing could take place as soon as November; Ben Horowitz is joining its board (Bailey Lipschultz/Bloomberg)
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Retailers are updating their websites to rank highly in chatbot results, while making sure purchases are done on their own sites to collect customer data (Arriana McLymore/Reuters)
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TMTG interim CEO Kevin McGurn says the company is pulling back from a pair of Crypto.com deals to focus on its media arm and its pending merger with TAE (Sara Fischer/Axios)
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Sources: Cursor told staff on Thursday that SpaceX could complete its $60B acquisition as soon as next week and the Cursor brand name will likely be phased out (Grace Kay/The Information)
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The US Treasury sanctions Dubai-based unlicensed crypto exchange Shelbit, alleging it processed millions in crypto for IRGC and other Iran-linked groups (Reuters)
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Microsoft plans to end support for Manifest V2 extensions in Edge starting this month, following Google Chrome, and for enterprise users in early 2027 (Stevie Bonifield/The Verge)
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Munich-based NavVis, which provides enterprises with spatial data on factories, plants, buildings, and more, raised an $85M Series D led by The Jordan Company (Rahul Raj/EU-Startups)
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Sources: legal AI startup Harvey is in talks to raise $500M+ at a $15.5B valuation, up from $11B in March, and is generating $350M+ in annualized revenue (The Information)