Thrive Capital’s 2022 Fund Surges on OpenAI, Cursor
Thrive Capital’s 2022 fund has risen in value more than seven times net of fees as of June 30, according to a recently published letter to its limited partners.
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SpaceX Completes $60 billion Cursor Acquisition
The company told staff last week that Cursor employees would be fully integrated into SpaceX’s AI division in the days after the deal closed.
China’s Z.ai Touts New GLM-5.3 Model as Cyber Defense Tool
The Beijing-based AI developer emphasized the importance of open-source cybersecurity models by citing the recent Hugging Face hacking incident.
DeepSeek Announces Price Hikes for V4 Models
The flagship V4-Pro has so far received mixed reviews from users.
Crypto Exchange Gemini 2Q Results Weighed by Credit Card Identity Fraud
Shares of the crypto exchange fell 5% in post-market trading.
Anthropic Policy Leader and Biden Alum Transition Out of Role
A former California Supreme Court justice joined Anthropic earlier this month as chief global affairs officer.
Tether Completes Financial Audit For the First Time
KPMG US conducted an audit of Tether’s financial statements and reserve assets for the year of 2025.
Workday Stock Jumps 18% On Report of Silver Lake Takeover Talks
The jump trimmed Workday stock’s year-to-date loss to roughly 4%.
OpenAI Replaces Its Chief Revenue Officer with Wiz President
OpenAI chief revenue officer Denise Dresser had only been at the company for eight months before her exit.
DeepSeek’s Flagship V4-Pro Model Gets Mixed Reviews
The early feedback highlights the difficulty of continuing to live up to industry expectations.
Cisco Systems Says Cloud Providers Buying More AI Chips, Switches
A decade ago, cloud providers didn't pay much attention to Cisco's networking hardware, but that's changing as they increase their investments in GPU chips.
Cerebras Shares Fall 16% On A Decline In Hardware Revenue
The AI chip designer’s second-ever earnings call was a mixed bag, but Wall Street wasn’t happy.
Exclusive: Sequoia, Wellington in Talks to Back Kalshi at $40 Billion Valuation
Wellington, which has made investments in companies leading up to their IPOs, would be a new investor.
Kushner and Iger Agree to Buy Los Angeles Lakers
The duo are buying the controlling stake of Mark Walter in a deal that values the team at $12.5 billion.
Google Raises Prices for Latest Pixel Phones
Google's pricing moves reflects soaring memory chip costs, which are expected to cause Apple to raise the price of the latest iPhone expected out next month.
Tencent’s Capex Nearly Triples on More Compute for AI Models and Tools
The Chinese tech giant is beefing up its infrastructure to train more powerful AI models as domestic competition heats up.
Nebius Shares Soar on Q2 Revenue Surge
Nebius' cash burn also surged due to soaring capital expenditures.
Former Alibaba Researcher Announces New Startup on Digital and Physical AI Agents
Junyang Lin’s Pragmatik Labs is part of a wave of emerging neolabs in China.
CoreWeave’s Revenue Doubles But So Does Cash Burn
The company's high cash burn reflects the massive capital expenditures it is laying out to build a network of data centers.
Weekday mornings
The Information AM by The Information Staff
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