Sources: Crusoe raised $3B+ at a ~$30B post-money valuation; Atreides Management and Valor Equity Partners co-led the round, with Mubadala Capital participating (Bloomberg)
https://www.bloomberg.com/news/articles/2026-09-03/crusoe-raises-over-3-billion-in-funding-at-30-billion-valuation
https://www.bloomberg.com/news/articles/2026-09-03/crusoe-raises-over-3-billion-in-funding-at-30-billion-valuation
Bloomberg.com
Crusoe Raises Over $3 Billion in Funding at $30 Billion Valuation
Crusoe, a cloud-computing provider and data center developer doing business with OpenAI, Microsoft Corp. and Meta Platforms Inc., has raised over $3 billion in a funding round that values the startup at roughly $30 billion, according to people familiar with…
Sources: Index Ventures dropped plans to invest in AI assistant Town after Instinct, which Index is backing, complained about a potential conflict of interest (Alex Konrad/Upstarts Media)
https://www.upstartsmedia.com/p/scoop-town-fundraise-vc-reshuffle
https://www.upstartsmedia.com/p/scoop-town-fundraise-vc-reshuffle
Upstartsmedia
Scoop: Conflict With Instinct Knocks Index Out Of Town’s Buzzy New Raise
Exclusive details on Town’s new $90M fundraise at a $1B valuation, and the eleventh-hour cap table reshuffling of VCs behind it, per Upstarts sources.
AI scientist and Google researcher Ray Kurzweil joins BCI startup Subsense, which develops non-surgical BCI tech involving inhaled nanoparticles, as an advisor (Alexei Oreskovic/Fortune)
https://fortune.com/2026/09/03/ai-visionary-ray-kurzweil-is-joining-a-silicon-valley-startup-developing-a-brain-computer-system-that-involves-snorting-nano-particles/
https://fortune.com/2026/09/03/ai-visionary-ray-kurzweil-is-joining-a-silicon-valley-startup-developing-a-brain-computer-system-that-involves-snorting-nano-particles/
Fortune
AI visionary Ray Kurzweil is joining a Silicon Valley startup developing a brain computer system that involves snorting nanoparticles…
Subsense’s brain computing interface could compete with Elon Musk’s Neuralink, but would not require surgery.
Tesla says Cybercab rides are available in limited areas of Austin; the two-seater has no steering wheel or pedals, and 45 Cybercabs are registered in Texas (Reuters)
https://www.reuters.com/business/autos-transportation/teslas-cybercab-event-set-thursday-with-few-details-2026-09-03/
https://www.reuters.com/business/autos-transportation/teslas-cybercab-event-set-thursday-with-few-details-2026-09-03/
Vals analysis: open-weight models performing multi-stage tasks, like building a web app, can have an environmental impact 10K times greater than simple queries (Bloomberg)
https://www.bloomberg.com/news/articles/2026-09-03/ai-s-environmental-impact-per-task-balloons-with-more-complexity?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc4ODQ1Mzk2MywiZXhwIjoxNzg5MDU4NzYzLCJhcnRpY2xlSWQiOiJUS1NCV1pSMjRVOFMwMCIsImJjb25uZWN0SWQiOiJGRjMyOTZDMzVFNEI0QTRBQjFFRTVDQzEzQ0YzMUNDQiJ9.8ShIwgSwrkJWvsN5gaj4nXw_Jy9W3gDmfbKFK1Tb6kk
https://www.bloomberg.com/news/articles/2026-09-03/ai-s-environmental-impact-per-task-balloons-with-more-complexity?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc4ODQ1Mzk2MywiZXhwIjoxNzg5MDU4NzYzLCJhcnRpY2xlSWQiOiJUS1NCV1pSMjRVOFMwMCIsImJjb25uZWN0SWQiOiJGRjMyOTZDMzVFNEI0QTRBQjFFRTVDQzEzQ0YzMUNDQiJ9.8ShIwgSwrkJWvsN5gaj4nXw_Jy9W3gDmfbKFK1Tb6kk
Bloomberg.com
AI’s Environmental Impact Per Task Balloons With More Complexity
Benchmarker Vals AI finds that multi-stage tasks can require models to use exponentially more energy or water than simple queries do.
Wikimedia Foundation staffers vote 158-14 to join the CWA, which will represent 200+ US employees across engineering, finance, and communications (Paresh Dave/Wired)
https://www.wired.com/story/wikipedia-workers-vote-on-whether-to-unionize/
https://www.wired.com/story/wikipedia-workers-vote-on-whether-to-unionize/
WIRED
Wikipedia Workers Unionize for the First Time
More than 200 people in roles such as engineering, finance, and communications will now be represented by the Communications Workers of America.
Resect AI, which is developing open-source tech to catch AI hallucinations before they happen, emerges from stealth with $25M from private equity investors (Kurt Schlosser/GeekWire)
https://www.geekwire.com/2026/startup-takes-on-ai-hallucinations-with-25m-and-an-hq-rooted-in-a-small-town-south-of-seattle/
https://www.geekwire.com/2026/startup-takes-on-ai-hallucinations-with-25m-and-an-hq-rooted-in-a-small-town-south-of-seattle/
GeekWire
Startup takes on AI hallucinations with $25M and an HQ rooted in a small Washington town
Resect AI, an artificial intelligence startup led by a team of scientists and engineers in Washougal, Wash., launched out of stealth Thursday.
Gimlet Labs, which helps customers divide AI tasks across multiple chip types, raised $300M led by a16z at a $3B valuation, six months after an $80M Series A (Dina Bass/Bloomberg)
https://www.bloomberg.com/news/articles/2026-09-04/andreessen-backed-ai-startup-gimlet-is-valued-at-3-billion-in-new-round
https://www.bloomberg.com/news/articles/2026-09-04/andreessen-backed-ai-startup-gimlet-is-valued-at-3-billion-in-new-round
Bloomberg.com
Andreessen-Backed AI Startup Gimlet Is Now Valued at $3 Billion
The company, which helps divide AI tasks among different chips, raised $300 million in its latest round
A profile of Hugging Face, which started in 2016 to build a sassy chatbot for teens; CEO Clément Delangue says he approached Nvidia this summer to pursue a deal (Wall Street Journal)
https://www.wsj.com/tech/ai/the-deeply-nerdy-founders-behind-nvidias-13-billion-bet-on-hugging-face-3a4b5227?st=nAwTFp&reflink=desktopwebshare_permalink
https://www.wsj.com/tech/ai/the-deeply-nerdy-founders-behind-nvidias-13-billion-bet-on-hugging-face-3a4b5227?st=nAwTFp&reflink=desktopwebshare_permalink
The Wall Street Journal
The ‘Deeply Nerdy’ Founders Behind Nvidia’s $13 Billion Bet on Hugging Face
The startup began as an emoji-named app for teens before becoming a crusader for open-source artificial intelligence.
Q&A with Jensen Huang and Clément Delangue on the Nvidia-Hugging Face deal, scaling open-source models, the rumored $1B talent retention plan, and more (CNBC)
https://www.cnbc.com/2026/09/03/cnbc-exclusive-transcript-nvidia-founder-ceo-jensen-huang-and-hugging-face-ceo-clment-delangue-speak-with-cnbcs-becky-quick-on-squawk-box-today.html
https://www.cnbc.com/2026/09/03/cnbc-exclusive-transcript-nvidia-founder-ceo-jensen-huang-and-hugging-face-ceo-clment-delangue-speak-with-cnbcs-becky-quick-on-squawk-box-today.html
CNBC
CNBC Exclusive: Transcript: Nvidia Founder & CEO Jensen Huang and Hugging Face CEO Clément Delangue Speak with CNBC’s Becky Quick…
In this article
Sources: initial foldable iPhone production is limited to only a "few hundred" units a day due to Apple's strict quality standards as it ramps up output (Nikkei Asia)
https://asia.nikkei.com/business/electronics/early-foldable-iphone-production-limited-to-a-few-hundred-per-day-sources
https://asia.nikkei.com/business/electronics/early-foldable-iphone-production-limited-to-a-few-hundred-per-day-sources
Nikkei Asia
Early foldable iPhone production limited to a few hundred per day: sources
Apple and suppliers working to ramp up output while meeting strict quality standards
Nvidia becomes a leading global strategic tech backer, with the value of its equity investments up 10x in the past year to $99B, as it bolsters the AI sector (Kai Nicol-Schwarz/CNBC)
https://www.cnbc.com/2026/09/04/nvidia-ai-investments-99-billion.html
https://www.cnbc.com/2026/09/04/nvidia-ai-investments-99-billion.html
CNBC
Nvidia's investments grow to $99 billion as chip giant becomes major backer of AI companies
Nvidia reported $99 billion in equity holdings as it backs AI labs, cloud providers and infrastructure companies across the sector.
Sources: Binance is still operating in the EU months after it failed to get a MiCA license, using workarounds to onboard new customers and reroute its trading (Bloomberg)
https://www.bloomberg.com/news/articles/2026-09-04/how-binance-keeps-doing-business-in-europe-without-a-license
https://www.bloomberg.com/news/articles/2026-09-04/how-binance-keeps-doing-business-in-europe-without-a-license
Bloomberg.com
How Binance Keeps Doing Business in Europe Without a License
The news hit with a thud in June: Binance Holdings Ltd., the world’s largest crypto exchange, was about to get kicked out of the European Union.
Sources: DeepSeek plans to use 160K+ of Huawei's Ascend 950DT chips at an Inner Mongolia data center, which would create one of the largest Huawei chip clusters (Mackenzie Hawkins/Bloomberg)
https://www.bloomberg.com/news/articles/2026-09-04/deepseek-plans-big-huawei-ai-chip-order-to-power-new-data-center
https://www.bloomberg.com/news/articles/2026-09-04/deepseek-plans-big-huawei-ai-chip-order-to-power-new-data-center
Bloomberg.com
DeepSeek Plans Big Huawei AI Chip Order to Power New Data Center
DeepSeek plans to deploy at least 160,000 of Huawei Technologies Co.’s top accelerators at a massive data center it’s building in Inner Mongolia, which could create one of the largest known clusters of Huawei AI chips and advance China’s efforts to replace…
Thailand suspends the construction of 49 data centers in order to develop new industry regulations, as governments worldwide tighten oversight of the facilities (Anuchit Nguyen/Bloomberg)
https://www.bloomberg.com/news/articles/2026-09-04/thailand-puts-49-data-centers-on-hold-over-resource-strain
https://www.bloomberg.com/news/articles/2026-09-04/thailand-puts-49-data-centers-on-hold-over-resource-strain
Bloomberg.com
Thailand Puts 49 Data Centers on Hold Over Resource Strain
Thailand’s embrace of data centers hit a speed bump after the government suspended construction of 49 server farms as public concerns about the power-hungry facilities’ impact on communities intensify.
Bank of Korea: South Korea's monthly memory chip output is set to grow by ~600K wafers by 2028, widening its lead over China's CXMT, set to grow by ~300K wafers (Yoolim Lee/Bloomberg)
https://www.bloomberg.com/news/articles/2026-09-04/korea-s-memory-chip-lead-over-china-set-to-grow-report-says
https://www.bloomberg.com/news/articles/2026-09-04/korea-s-memory-chip-lead-over-china-set-to-grow-report-says
Bloomberg.com
Korea’s Memory Chip Lead Over China Set to Grow, Report Says
South Korea’s lead over China in memory chip production is expected to widen further thanks to an aggressive expansion of domestic facilities by Samsung Electronics Co. and SK Hynix Inc., according to the Bank of Korea.
Report and sources: rogue OpenAI agents hijacked a German website in May and turned it into a forum for agents, sharing tactics to cheat on tasks and more (Reuters)
https://www.reuters.com/world/europe/openai-agents-hijacked-german-website-previously-undisclosed-ai-breakout-this-2026-09-04/
https://www.reuters.com/world/europe/openai-agents-hijacked-german-website-previously-undisclosed-ai-breakout-this-2026-09-04/
Letters: US military branches disabled ad trackers on government-issued devices amid reports of location data being used to target US forces in the Middle East (Raphael Satter/Reuters)
https://www.reuters.com/business/media-telecom/us-military-turns-off-ad-trackers-devices-amid-middle-east-targeting-reports-2026-09-04/
https://www.reuters.com/business/media-telecom/us-military-turns-off-ad-trackers-devices-amid-middle-east-targeting-reports-2026-09-04/
Sources: Moonshot may seek to raise $3B to $5B in a planned Hong Kong IPO that could occur as soon as this year (Bloomberg)
https://www.bloomberg.com/news/articles/2026-09-04/moonshot-is-said-to-seek-up-to-5-billion-in-hk-ipo-this-year
https://www.bloomberg.com/news/articles/2026-09-04/moonshot-is-said-to-seek-up-to-5-billion-in-hk-ipo-this-year
Bloomberg.com
China’s Moonshot Said to Seek Up to $5 Billion in HK IPO This Year
Moonshot AI is considering raising up to $5 billion in its planned Hong Kong initial public offering as soon as this year, people familiar with the matter said, as the Chinese artificial intelligence champion taps into strong investor demand.
Microsoft unveils Project Zenith, a "distraction-free Windows experience" for developers to run 30B+ parameter models locally on devices with 64GB+ of memory (Tom Warren/The Verge)
https://www.theverge.com/news/990051/microsoft-project-zenith-windows-developers
https://www.theverge.com/news/990051/microsoft-project-zenith-windows-developers
The Verge
Microsoft’s Project Zenith is a “distraction-free Windows experience” for developers
The first Project Zenith devices ship with AMD’s Ryzen AI Halo chips.
The NHTSA opens a probe into Tesla's decision to launch its new Cybercab on public roads in Austin with no steering wheel or pedals (Sean O'Kane/TechCrunch)
https://techcrunch.com/2026/09/04/feds-launch-investigation-into-teslas-cybercab-deployment/
https://techcrunch.com/2026/09/04/feds-launch-investigation-into-teslas-cybercab-deployment/
TechCrunch
Feds launch investigation into Tesla's Cybercab deployment | TechCrunch
The investigation was launched just a few hours after Tesla put the first production Cybercabs on the road in Austin.