Posts

AI coding startup Cognition raised $2B at a $48B valuation, up from $26B in May, and says its run-rate revenue grew from $492M in May to ~$900M (Samantha Oltman/Bloomberg)

Robinhood secures its first IPO underwriting role, in Oura's IPO, which could give it more influence over how many shares are allocated to its customers (Wall Street Journal)

Hunter Biden teases a $LAPTOP memecoin launch on September 9; sources: it will launch on Base, and some tokens will be sent to wallets that lost money on $TRUMP (Vicky Ge Huang/Wall Street Journal)

The attacker who withdrew ~4,000 BTC from Blockstream's Liquid Network federation wallet returns 3,400 BTC after Blockstream said its bridge nodes were patched (The Block)

Astra working with Blender via computer use feels like magic, showing computer use could be the fourth demand wave after chatbots, reasoning, and agentic coding (Tae Kim/Key Context)

Sources: UBS requires AI skills when hiring junior investment bankers, making it one of the first major financial institutions to explicitly require AI literacy (Simon Foy/Financial Times)

OpenAI Chief Scientist Jakub Pachocki says no lab has solved alignment enough to keep scaling at maximum speed, and hopes voluntary slowdowns become commonplace (OpenAI)

OpenAI says it hit its "automated research intern" goal, its researchers now use 3.1 agent-workdays per human workday, and top users spend $7,000+/day on tokens (OpenAI)

Trump admin debuts arcade.gov with a deportation-themed Snake clone and a Tetris-like wall-building clone; Tetris says it takes IP infringement "very seriously" (ABC News)

Swiss Re: global premiums for insuring data centers will likely reach $20B-$30B/year by 2030; ~40% of US data-center capacity is located in tornado-prone areas (Jean Eaglesham/Wall Street Journal)

Berlin is reviewing Rhysida's 5.79TB release of state data after refusing to pay a ransom; files reportedly include national defense and threat response plans (Miranda Murray/Reuters)

Sources: London-based AI infrastructure startup Nscale is in talks to raise as much as $3.5B in financing, including $2B from Nvidia, ahead of a planned IPO (Bloomberg)