Sources: Town, which develops enterprise personal AI assistants, is in talks to raise at a $1B valuation in a round led by Index Ventures (Newcomer)
https://www.newcomer.co/p/amid-personal-assistant-investor
https://www.newcomer.co/p/amid-personal-assistant-investor
www.newcomer.co
Amid Personal Assistant Investor Frenzy, Town Nears $1 Billion Valuation in Round Led by Instinct-Backer Index Ventures
Town, the buzzy enterprise personal agent, is raising at $1 billion, sources tell us
Sources: Anthropic discussed buying AI chip startup MatX for ~$7B, but talks are no longer active; MatX is now seeking to raise new capital at a ~$4B valuation (Reuters)
https://www.reuters.com/business/finance/anthropic-planned-then-abandoned-7-billion-purchase-matx-sources-say-2026-08-27/
https://www.reuters.com/business/finance/anthropic-planned-then-abandoned-7-billion-purchase-matx-sources-say-2026-08-27/
Sources: Nvidia paused some deals with AI cloud providers in the revenue-sharing program it announced in July; Nvidia says the program is still in place (Wall Street Journal)
https://www.wsj.com/tech/nvidia-pauses-revenue-sharing-deals-with-ai-cloud-companies-9c71454e
https://www.wsj.com/tech/nvidia-pauses-revenue-sharing-deals-with-ai-cloud-companies-9c71454e
The Wall Street Journal
Exclusive | Nvidia Pauses Revenue-Sharing Deals With AI Cloud Companies
The company is rethinking the program less than two months after announcing it.
Sources: the FTC has been investigating whether YouTube broke consumer protection laws by violating its own policies when suspending accounts or banning content (Bloomberg)
https://www.bloomberg.com/news/articles/2026-08-27/us-ftc-probing-youtube-over-social-media-policies?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc4Nzg3MDUyNiwiZXhwIjoxNzg4NDc1MzI2LCJhcnRpY2xlSWQiOiJUS0U5MU5LSkg2VkYwMCIsImJjb25uZWN0SWQiOiJDQThGQ0Y4NkY1QjY0ODlCODA4ODkwNTFBNjMxRERBRCJ9.e9QS2TC949dcH667a6FORlZl9_OdjvQRbYprlYzl0AA
https://www.bloomberg.com/news/articles/2026-08-27/us-ftc-probing-youtube-over-social-media-policies?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc4Nzg3MDUyNiwiZXhwIjoxNzg4NDc1MzI2LCJhcnRpY2xlSWQiOiJUS0U5MU5LSkg2VkYwMCIsImJjb25uZWN0SWQiOiJDQThGQ0Y4NkY1QjY0ODlCODA4ODkwNTFBNjMxRERBRCJ9.e9QS2TC949dcH667a6FORlZl9_OdjvQRbYprlYzl0AA
Bloomberg.com
US FTC Probing YouTube Over Social Media Policies
The US Federal Trade Commission has been investigating whether Alphabet Inc.’s YouTube violated consumer protection laws when it suspended the accounts of users, according to people familiar with the probe.
Uber says weekly AI agent requests have grown 9.4x since February, but total AI spending has stayed stable since April, after using up its 2026 AI budget in Q1 (Madison Mills/Axios)
https://www.axios.com/2026/08/27/ai-uber-spending
https://www.axios.com/2026/08/27/ai-uber-spending
Axios
Exclusive: Uber cuts AI costs even as usage jumps
Companies are finding creative — and cheaper — ways to increase their AI use.
Sources: Cognition is generating ~$900M in annualized revenue, up more than 3x since the start of the year, and executives project it will end 2026 with $1.5B+ (The Information)
https://www.theinformation.com/articles/inside-cognitions-booming-growth-high-cash-burn
https://www.theinformation.com/articles/inside-cognitions-booming-growth-high-cash-burn
The Information
Inside Cognition’s Booming Growth, High Cash Burn
Revenue is surging at Cognition and several other AI application providers, previously unreported data show, offering some reassurance to investors and hardware suppliers that startups can thrive despite competition from Anthropic and OpenAI. Cognition, which…
Workday reports Q2 revenue up 12.8% YoY to $2.65B vs. $2.63B est., and total subscription revenue backlog up 8% YoY to $27.4B, vs. $28.6B est. (Brody Ford/Bloomberg)
https://www.bloomberg.com/news/articles/2026-08-27/workday-posts-lukewarm-results-blunting-recent-software-gains
https://www.bloomberg.com/news/articles/2026-08-27/workday-posts-lukewarm-results-blunting-recent-software-gains
Bloomberg.com
Workday Posts Lukewarm Results, Blunting Recent Software Gains
Workday Inc., a maker of workplace management software, reported a measure of future sales that fell short of analysts’ projections, blunting recent momentum from Wall Street’s renewed enthusiasm for the software sector.
CISA says that cyberattacks on critical US infrastructure targeted 100+ internet-exposed water and wastewater systems in July, largely attacking PLCs (Zack Whittaker/TechCrunch)
https://techcrunch.com/2026/08/26/cisa-confirms-hackers-targeted-over-100-us-water-systems-during-july/
https://techcrunch.com/2026/08/26/cisa-confirms-hackers-targeted-over-100-us-water-systems-during-july/
TechCrunch
CISA confirms hackers targeted over 100 US water systems during July | TechCrunch
The federal cyber agency's warning comes amid a wave of suspected Iran-backed cyberattacks targeting critical water systems across the United States.
A US judge blocks the Pentagon from blacklisting Anthropic, ruling that its designation as a supply-chain risk was "illegal and baseless" (Jack Queen/Reuters)
https://www.reuters.com/legal/government/us-judge-blocks-pentagons-anthropic-blacklisting-2026-08-28/
https://www.reuters.com/legal/government/us-judge-blocks-pentagons-anthropic-blacklisting-2026-08-28/
Sources: Advent and Stripe are no longer pursuing a deal to acquire PayPal; the group offered to pay $60.50/share in July, valuing PayPal at $53B (Bloomberg)
https://www.bloomberg.com/news/articles/2026-08-28/advent-stripe-consortium-is-said-to-drop-pursuit-of-paypal
https://www.bloomberg.com/news/articles/2026-08-28/advent-stripe-consortium-is-said-to-drop-pursuit-of-paypal
Bloomberg.com
Advent and Stripe Abandon $50 Billion Pursuit of PayPal
A consortium of buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of fintech pioneer PayPal Holdings Inc., a potential deal that would have ranked as one of the biggest-ever leveraged buyouts, according to people familiar…
Sources: federal authorities prepare to charge a US serviceman and a KPMG employee with insider trading on prediction markets, as part of a new batch of cases (Dave Michaels/Wall Street Journal)
https://www.wsj.com/finance/regulation/u-s-servicemember-kpmg-employee-are-targets-of-prediction-markets-crackdown-ec7fdd04
https://www.wsj.com/finance/regulation/u-s-servicemember-kpmg-employee-are-targets-of-prediction-markets-crackdown-ec7fdd04
The Wall Street Journal
Exclusive | U.S. Servicemember, KPMG Employee Are Targets of Prediction Markets Crackdown
Charges could come this fall as part of a new batch of insider trading cases.
BitGo agrees to buy NYDIG's institutional trading business and related assets, expanding BitGo's derivatives offerings; ~30 NYDIG employees are joining BitGo (Tanaya Macheel/CNBC)
https://www.cnbc.com/2026/08/27/bitgo-to-acquire-nydigs-institutional-trading-business-as-crypto-trading-rebounds.html
https://www.cnbc.com/2026/08/27/bitgo-to-acquire-nydigs-institutional-trading-business-as-crypto-trading-rebounds.html
CNBC
BitGo to acquire NYDIG’s institutional trading business as crypto trading rebounds
BitGo is expanding its institutional capabilities just as activity in the crypto market is showing signs of picking up after a prolonged trading slump.
Sources: some tech companies are courting Democrats and hiring advisers to prepare for potential investigations if Republicans lose control of the House (Wall Street Journal)
https://www.wsj.com/politics/elections/trump-corporate-donors-election-2026-572c1b28?st=G8kfbT&reflink=desktopwebshare_permalink
https://www.wsj.com/politics/elections/trump-corporate-donors-election-2026-572c1b28?st=G8kfbT&reflink=desktopwebshare_permalink
The Wall Street Journal
Exclusive | Corporate America Cut Big Checks to Trump. Now CEOs Fear Subpoenas Are Coming.
Tech firms are courting Democrats and hiring advisers to prepare for potential investigations if Republicans lose control of the House.
The UK Treasury gives the Bank of England a new legal objective to support payment systems and digital money innovation, seeking to keep London competitive (Financial Times)
https://www.ft.com/content/7650d84f-4750-48c4-9a9e-ca899e608931?accessToken=zwAAAaBAB12Okc92UNhPR1BIxNOansqJnmCJMQ.MEUCIGS0q03APBAfmYzZx_JqqJzU_crroEmPDNYIIhVeQN6TAiEAooweiJKB-7yyiBqUZmymwYtV5RcCcykzQg3YxV0mphs
https://www.ft.com/content/7650d84f-4750-48c4-9a9e-ca899e608931?accessToken=zwAAAaBAB12Okc92UNhPR1BIxNOansqJnmCJMQ.MEUCIGS0q03APBAfmYzZx_JqqJzU_crroEmPDNYIIhVeQN6TAiEAooweiJKB-7yyiBqUZmymwYtV5RcCcykzQg3YxV0mphs
Sources: Shein pivoted to a Hong Kong IPO and sought to build Chinese government ties, after its New York and London bids failed to secure Beijing's approval (Reuters)
https://www.reuters.com/legal/transactional/how-shein-had-make-peace-with-china-finally-go-public-2026-08-28/
https://www.reuters.com/legal/transactional/how-shein-had-make-peace-with-china-finally-go-public-2026-08-28/
Bluesky launches a feature to let users hide their posts from non-followers in its Discover feed; other AT Proto apps can choose whether to respect the opt-out (Sarah Perez/TechCrunch)
https://techcrunch.com/2026/08/27/bluesky-adds-an-algorithmic-opt-out-feature-for-those-who-dont-want-to-go-viral/
https://techcrunch.com/2026/08/27/bluesky-adds-an-algorithmic-opt-out-feature-for-those-who-dont-want-to-go-viral/
TechCrunch
Bluesky adds an 'algorithmic opt-out' feature for those who don't want to go viral | TechCrunch
Sometimes people just want to post to their followers, Bluesky says.
South Korea unveils a project with KT, SK Telecom, and Kakao to provide premium AI tools to the public for free, a move that treats AI like a public utility (Jiyoung Sohn/Wall Street Journal)
https://www.wsj.com/tech/ai/south-koreas-ai-for-all-push-gives-free-access-to-every-citizen-451f6b2c
https://www.wsj.com/tech/ai/south-koreas-ai-for-all-push-gives-free-access-to-every-citizen-451f6b2c
The Wall Street Journal
South Korea’s ‘AI for All’ Push Gives Free Access to Every Citizen
The program seeks to connect more South Koreans to homegrown AI chatbots with the goal of advancing the country’s push for AI sovereignty.
Chinese memory chipmaker CXMT reports H1 revenue of ~$22.4B, more than double its 2025 sales, and ~$11.5B in profit, compared to a loss a year earlier (Bloomberg)
https://www.bloomberg.com/news/articles/2026-08-28/chinese-chipmaker-cxmt-s-sales-jump-10-fold-as-ai-demand-soars
https://www.bloomberg.com/news/articles/2026-08-28/chinese-chipmaker-cxmt-s-sales-jump-10-fold-as-ai-demand-soars
Bloomberg.com
Chinese Chipmaker CXMT’s Sales Jump 10-Fold As AI Demand Soars
CXMT Corp.’s first-half revenue leapt almost 10-fold while profit surged, reflecting a rush for AI hardware that’s made the memory chipmaker China’s most valuable business.
A look at Beijing's AGI Bar, the unofficial clubhouse for China's AI industry where entrepreneurs trade gossip, recruit talent, and court investors over beers (Bloomberg)
https://www.bloomberg.com/news/features/2026-08-27/inside-agi-bar-the-hub-of-china-s-ai-startup-boom?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc4Nzg4MzM3NCwiZXhwIjoxNzg4NDg4MTc0LCJhcnRpY2xlSWQiOiJUS0dCWTFSMjRVOFEwMCIsImJjb25uZWN0SWQiOiJCNTJEODQ3N0Q1QzU0MTg0OUYwNDAyMTk1N0RGQkVBMSJ9.XroiWGhq23v4EtOxCeSBnJF4Ic7B_VVLkcQxiQ50N_I
https://www.bloomberg.com/news/features/2026-08-27/inside-agi-bar-the-hub-of-china-s-ai-startup-boom?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc4Nzg4MzM3NCwiZXhwIjoxNzg4NDg4MTc0LCJhcnRpY2xlSWQiOiJUS0dCWTFSMjRVOFEwMCIsImJjb25uZWN0SWQiOiJCNTJEODQ3N0Q1QzU0MTg0OUYwNDAyMTk1N0RGQkVBMSJ9.XroiWGhq23v4EtOxCeSBnJF4Ic7B_VVLkcQxiQ50N_I
Bloomberg.com
China’s AI Boom Has a Favorite Bar
Beloved by entrepreneurs, coders and investors, AGI Bar offers a window into the startup ecosystem challenging Silicon Valley.
Meta's India and Southeast Asia VP Sandhya Devanathan is joining OpenAI to oversee consumer growth and enterprise adoption across SE Asia and Australia (Jagmeet Singh/TechCrunch)
https://techcrunch.com/2026/08/28/meta-executive-leaves-for-openai-as-the-social-media-giant-faces-growing-scrutiny-in-india/
https://techcrunch.com/2026/08/28/meta-executive-leaves-for-openai-as-the-social-media-giant-faces-growing-scrutiny-in-india/
TechCrunch
Meta executive leaves for OpenAI as the social media giant faces growing scrutiny in India | TechCrunch
Sandhya Devanathan will oversee some OpenAI operations across Southeast Asia and Australia in her new role.
Sources: Meta is testing robots from ABB and others to handle data center tasks such as swapping cables and resetting servers as it seeks to lower labor costs (Paresh Dave/Wired)
https://www.wired.com/story/inside-metas-experiments-with-data-center-robots/
https://www.wired.com/story/inside-metas-experiments-with-data-center-robots/
WIRED
Inside Meta’s Push to Put Robots to Work in Data Centers
The company is testing robots that can swap cables, reset servers, and take on other tasks performed by technicians, fueling concerns among some workers that their jobs could be at risk.