Posts

Sources: Kalshi is in advanced talks to raise $750M+ co-led by Sequoia Capital and Wellington Management at a $40B valuation; Kalshi was valued at $22B in May (Yueqi Yang/The Information)

Sources detail moves behind Google's AI reshuffle; Sergey Brin urged key staff to go all in on Gemini, and some teams shifted from DeepMind to corporate Google (Kenrick Cai/Reuters)

Royal Bank of Canada and Bank of Montreal agree to sell payments company Moneris to PE firm Francisco Partners for CA$2B in cash, splitting proceeds equally (Bloomberg)

SpaceXAI rolls out Grok Bot AI agent app in beta on Mac, iOS, Windows, and Linux, initially for SuperGrok Heavy, Cursor Ultra, and Cursor Teams Premium users (Zac Hall/9to5Mac)

The Ninth Circuit dismisses Meta's bid to pause a landmark trial by state AGs alleging its products addict children and have caused a youth mental health crisis (Isaiah Poritz/Bloomberg)

Sources: Apollo, Blackstone, BlackRock, KKR, and other financial groups are partnering with Nvidia on a $500B funding package for AI infrastructure development (Financial Times)

OpenAI unveils two Daybreak tiers: Daybreak Blue, which provides access to frontier models, and Daybreak Red, which offers purpose-trained cybersecurity models (OpenAI)

NYT Connections hints and answers for Monday, August 10 (game #1156)

An Australian user's Claude-run OpenClaw agent exploited a gym API flaw and kicked another member off after the user asked if it could move him up the waitlist (ABC)

US data center bans top 500, up from 300+ in late June, as New York and Texas join cities and counties pushing back against data center development (Shane Burke/The Information)

A look at Chinese state-owned investment bank CICC, which sponsored multibillion-dollar listings of China's tech champions, including CXMT and Zhongji Innolight (Financial Times)

Anthropic says auto mode will be the default in Claude Code for Pro, Max, Team plans, starting on Aug. 14, claiming it's good enough at catching harmful actions (Simon Willison/Simon Willison's Weblog)