Techmeme
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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 (Alan Neuhauser/Axios)
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Opening arguments begin Tuesday in the state AGs' social media addiction lawsuit against Meta; New Mexico AG says the consequences could be "astronomical" (Jonathan Vanian/CNBC)
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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 (Stacy Cowley/New York Times)
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Sources: Anthropic's revenue run rate reached $65B by the end of July, up from $47B in May and $9B in late 2025 (Bloomberg)
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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 (Dominic-Madori Davis/TechCrunch)
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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 (Bloomberg)
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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)
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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 (Emma Roth/The Verge)
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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 (James Nani/Bloomberg Law)
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Nvidia's $500B funding package announcement for AI infrastructure follows SEC's July guidance that confirmed looser restrictions for data center securitizations (Tobias Burns/CNBC)
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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 (Simon Foy/Financial Times)
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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 (Reuters)
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Microsoft says the outage affecting GitHub's API, Actions, Pull Requests, and other services has been mitigated, three hours after it first confirmed the outage (Mayank Parmar/BleepingComputer)
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Filing: Nvidia agrees to spend up to $105B to support SB Energy's new Ohio data center campus OpenAI is set to lease; Nvidia agrees to invest $1.5B in SB Energy (Bloomberg)
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Investigation: Amazon is buying huge quantities of rare books, scanning them for AI, and destroying them; a tracked Biblio order went to its Las Vegas facility (Emanuel Maiberg/404 Media)