London-based Xapien, which uses AI for background checks and due diligence, raised a $56M Series B led by Spectrum Equity (Lucinda Shen/Axios)
https://www.axios.com/pro/all-deals/2026/09/10/due-diligence-ai-xapien-56-million
https://www.axios.com/pro/all-deals/2026/09/10/due-diligence-ai-xapien-56-million
Axios
Exclusive: Due diligence AI startup raises $56M
Xapien says it speeds up work that has traditionally been manual.
Source: AI assistant Instinct is looking to raise $1B in new funding after recently raising $250M, as it seeks more computing power amid capacity constraints (The Information)
https://www.theinformation.com/articles/personal-ai-app-instinct-faces-compute-crunch-lead-new-funding
https://www.theinformation.com/articles/personal-ai-app-instinct-faces-compute-crunch-lead-new-funding
The Information
Personal AI App Instinct Faces Compute Crunch That Could Lead to New Funding
The year-old startup behind Instinct, a personal AI assistant that’s caught fire with Silicon Valley insiders, is seeking more computing power, leveraging its early buzz as it faces new competition from giant Meta Platforms. Over the last few weeks, Instinct…
Only 4% of the startups in YC's 2026 spring batch had a native mobile app as their main product, down from 15% in 2013, as startups focus on AI and agents (Parmy Olson/Bloomberg)
https://www.bloomberg.com/opinion/articles/2026-09-10/ai-is-killing-the-app-economy-and-building-its-successor
https://www.bloomberg.com/opinion/articles/2026-09-10/ai-is-killing-the-app-economy-and-building-its-successor
Bloomberg.com
AI Is Killing the App Economy and Building Its Successor
Artificial intelligence has made it easier than ever to build an app. New releases on Apple Inc.’s App Store surged by about 80% earlier this year as developers vibe coded their way to new software widgets for markets such as wellness and productivity.
Sources: OpenAI asked members of Congress for guidance on whether orchestrating an industry-wide slowdown in AI development would be legal under antitrust law (Maxwell Zeff/Wired)
https://www.wired.com/story/openai-wants-to-know-if-an-ai-industry-slowdown-would-even-be-legal/
https://www.wired.com/story/openai-wants-to-know-if-an-ai-industry-slowdown-would-even-be-legal/
WIRED
OpenAI Wants to Know if an AI Industry Slowdown Would Even Be Legal
AI leaders worry antitrust law could stand in the way of what they view as an increasingly urgent push to coordinate a slowdown in AI development.
Sources: Sam Altman told OpenAI employees that the company is considering slowing cutting-edge AI development, and he hopes other AI companies will do the same (Bloomberg)
https://www.bloomberg.com/news/articles/2026-09-11/openai-is-open-to-slowing-cutting-edge-ai-ceo-sam-altman-tells-staff
https://www.bloomberg.com/news/articles/2026-09-11/openai-is-open-to-slowing-cutting-edge-ai-ceo-sam-altman-tells-staff
Bloomberg.com
OpenAI Is Open to Slowing Cutting-Edge AI, CEO Sam Altman Tells Staff
OpenAI is considering slowing down the development of cutting-edge artificial intelligence, and the ChatGPT maker’s Chief Executive Officer Sam Altman is hoping other AI companies will do the same.
Adobe says it hit 1B MAUs, with freemium MAUs surpassing 100M in Q3, up 70%+ YoY, as it increasingly focuses on expanding its freemium AI offerings (Elias Schisgall/Wall Street Journal)
https://www.wsj.com/business/earnings/adobe-hits-1-billion-monthly-active-users-raises-full-year-outlook-b4e45b83
https://www.wsj.com/business/earnings/adobe-hits-1-billion-monthly-active-users-raises-full-year-outlook-b4e45b83
The Wall Street Journal
Adobe Hits 1 Billion Monthly Active Users, Raises Full-Year Outlook
Adobe boosted its outlook for the full fiscal year, projecting adjusted earnings between $24.45 and $24.50 a share and revenue between $26.576 billion and $26.626 billion.
An interview with Apple CEO John Ternus and Greg Joswiak on making the iPhone Duo, minimizing the crease, uninspiring Android foldables, the price, and more (Mark Spoonauer/Tom's Guide)
https://www.tomsguide.com/phones/iphones/interview-apple-ceo-john-ternus-on-his-defining-moment-for-the-iphone-duo
https://www.tomsguide.com/phones/iphones/interview-apple-ceo-john-ternus-on-his-defining-moment-for-the-iphone-duo
tom's guide
Exclusive: Apple CEO John Ternus on iPhone Duo, fixing foldable screens, and the end of the no-stylus 'rule'
Apple’s first
Sources: Kalshi plans to seek US regulatory approval to start offering single-stock perpetual futures; Coinbase filed similar regulatory paperwork last week (Wall Street Journal)
https://www.wsj.com/finance/kalshi-looks-to-expand-a-rapidly-growing-universe-of-risky-trading-a7670fde
https://www.wsj.com/finance/kalshi-looks-to-expand-a-rapidly-growing-universe-of-risky-trading-a7670fde
The Wall Street Journal
Exclusive | Kalshi Looks to Expand a Rapidly Growing Universe of Risky Trading
A platform known for prediction markets has seen perpetual futures surge in popularity.
A US judge finds TikTok liable for lying about its safety standards and exposing minors to inappropriate content, in a 2025 lawsuit filed by Texas AG Ken Paxton (Christian Terry/Click2Houston.com)
https://www.click2houston.com/news/local/2026/09/10/judge-finds-tiktok-liable-for-lying-about-safety-standards-in-texas-lawsuit/
https://www.click2houston.com/news/local/2026/09/10/judge-finds-tiktok-liable-for-lying-about-safety-standards-in-texas-lawsuit/
KPRC
Judge finds TikTok liable for lying about safety standards in Texas lawsuit
A U.S. District Judge has found TikTok liable for lying about its safety standards as part of a lawsuit brought by Texas Attorney General Ken Paxton.
Tencent-backed AI chipmaker Enflame's shares surged 188% in their Shanghai debut, giving Enflame a market cap of $26.3B, after raising ~$910M in an IPO (Ann Cao/South China Morning Post)
https://www.scmp.com/tech/tech-trends/article/3367124/enflame-shares-soar-188-shanghai-debut-nvidia-challenger-taps-investor-fever-ai
https://www.scmp.com/tech/tech-trends/article/3367124/enflame-shares-soar-188-shanghai-debut-nvidia-challenger-taps-investor-fever-ai
South China Morning Post
Enflame soars 179% in Shanghai debut as Nvidia challenger taps AI fever
Tencent-backed company valued at US$25 billion, highlighting its role in Beijing’s push for domestic chips amid US export restrictions.
President Trump rejects warnings of AI-driven human extinction, saying the US leads China by a year and will be "in a very bad position" if it doesn't win in AI (Jeff Mason/Bloomberg)
https://www.bloomberg.com/news/articles/2026-09-11/trump-rejects-warnings-that-ai-may-lead-to-human-extinction
https://www.bloomberg.com/news/articles/2026-09-11/trump-rejects-warnings-that-ai-may-lead-to-human-extinction
Bloomberg.com
Trump Rejects Warnings That AI May Lead to Human Extinction
President Donald Trump brushed aside warnings from artificial intelligence researchers that the technology is becoming too hard to control and could kill all humans, saying his paramount interest is maintaining an edge over China.
Official doc: India's Serious Fraud Office urges the government to probe Xiaomi over alleged business model irregularities and foreign investment law violations (Aditya Kalra/Reuters)
https://www.reuters.com/business/retail-consumer/indias-serious-fraud-office-recommends-detailed-probe-into-xiaomis-business-2026-09-09/
https://www.reuters.com/business/retail-consumer/indias-serious-fraud-office-recommends-detailed-probe-into-xiaomis-business-2026-09-09/
Get iPhone 18 Pro on Us at T-Mobile — America's Best Network (T-Mobile)
https://www.t-mobile.com/news/devices/iphone-18-pro-iphone-duo-apple-watch-release
https://www.t-mobile.com/news/devices/iphone-18-pro-iphone-duo-apple-watch-release
T-Mobile Newsroom
Get iPhone 18 Pro on Us at T-Mobile — America’s Best Network - T-Mobile Newsroom
Explore the new iPhone 18 Pro lineup, iPhone Duo, and the latest Apple Watch models at T-Mobile, plus amazing deals, key features, and pre-order details.
MIT launches the LLM Election Observatory, a dashboard tracking how nearly a dozen AI models tailor responses to political queries during the 2026 US midterms (Tiffany Hsu/New York Times)
https://www.nytimes.com/2026/09/10/business/media/ai-chatbots-election-misinformation.html?unlocked_article_code=1.AFE.ya1P.DrVmiCYOicde&smid=nytcore-ios-share
https://www.nytimes.com/2026/09/10/business/media/ai-chatbots-election-misinformation.html?unlocked_article_code=1.AFE.ya1P.DrVmiCYOicde&smid=nytcore-ios-share
Nytimes
Voters Are Asking A.I. About Elections. The Answers Can Vary by User. (Gift Article)
Artificial intelligence is quickly becoming a go-to stop for voters looking for information about political races. Researchers are studying the effects.
Sources: TikTok rejects ads from Meta that call on competitors to join Meta in settling with US state attorneys general in a landmark child safety lawsuit (Sara Fischer/Axios)
https://www.axios.com/2026/09/11/tiktok-meta-ads-children-safety-settlement
https://www.axios.com/2026/09/11/tiktok-meta-ads-children-safety-settlement
Axios
Scoop: TikTok rejects Meta ads amid settlement pressure campaign
Part of Meta's historic multibillion-dollar settlement is contingent on its peers also agreeing to settle.
Polymarket names Warren Jenson its first CFO as the company aims to grow in the US; Jenson served as finance chief of Amazon, EA, NBC, and most recently Nielsen (Katherine Hamilton/Wall Street Journal)
https://www.wsj.com/business/c-suite/polymarket-appoints-first-finance-chief-amid-u-s-growth-plans-882f8160
https://www.wsj.com/business/c-suite/polymarket-appoints-first-finance-chief-amid-u-s-growth-plans-882f8160
The Wall Street Journal
Polymarket Appoints First Finance Chief Amid U.S. Growth Plans
Warren Jenson, who previously served as finance chief of Amazon, Electronic Arts, Delta Air Lines and NBC during the ‘90s and early 2000s, has been named Polymarket’s first chief financial officer.
Garry Tan says "I would do nothing" about China's AI distillation and urges the industry to focus on current AI risks instead of doomsday-style extinction fears (CNBC)
https://www.cnbc.com/2026/09/11/y-combinator-garry-tan-says-do-nothing-about-distillation.html
https://www.cnbc.com/2026/09/11/y-combinator-garry-tan-says-do-nothing-about-distillation.html
CNBC
Y Combinator’s Garry Tan says 'do nothing' about distillation as AI giants accuse China of copying their tech
At Y Combinator’s annual Demo Day, CEO Garry Tan explained why he's less concerned about frontier AI model distillation and the existential risk of AI.
Ayar Labs, which is developing a way to link AI chips directly with optical connections, raised $150M, an extension of its $500M Series E in March 2026 (Stephen Nellis/Reuters)
https://www.techmeme.com/260911/p9#a260911p9
https://www.techmeme.com/260911/p9#a260911p9
Techmeme
Ayar Labs, which is developing a way to link AI chips directly with optical connections, raised $150M, an extension of its $500M…
Stephen Nellis / Reuters: Ayar Labs, which is developing a way to link AI chips directly with optical connections, raised $150M, an extension of its $500M Series E in March 2026
A US judge dismisses two lawsuits against LinkedIn over its scanning of browser extensions, saying users voluntarily expose data by downloading extensions (Jon Brodkin/Ars Technica)
https://arstechnica.com/tech-policy/2026/09/linkedin-beats-browsergate-lawsuits-over-scanning-users-chrome-extensions/
https://arstechnica.com/tech-policy/2026/09/linkedin-beats-browsergate-lawsuits-over-scanning-users-chrome-extensions/
Ars Technica
LinkedIn beats "BrowserGate" lawsuits over scanning users' Chrome extensions
Judge tosses lawsuits, says plaintiffs didn't allege any real privacy violation.
Sources: Moonshot AI told investors it topped $1B ARR in August, up from $300M in June, driven by its Kimi K3 release; it aims to hit $2B ARR by the end of 2026 (Bloomberg)
https://www.bloomberg.com/news/articles/2026-09-11/china-ai-star-moonshot-eyes-2-billion-annualized-sales-in-2026
https://www.bloomberg.com/news/articles/2026-09-11/china-ai-star-moonshot-eyes-2-billion-annualized-sales-in-2026
Bloomberg.com
China AI Star Moonshot Eyes $2 Billion Annualized Sales in 2026
Moonshot AI is targeting a manifold jump in annualized revenue to $2 billion by the end of the year, using the breakout success of its Kimi K3 model to dial up the heat on rivals from Anthropic PBC to Z.AI Co.
Source and draft press release: the Trump admin will lend $100M to Africell, Africa's only US-owned telecom company, aiming to counter Huawei's Africa expansion (Alexandra Alper/Reuters)
https://www.reuters.com/world/china/trump-administration-lend-100-million-africell-countering-huawei-africa-2026-09-11/
https://www.reuters.com/world/china/trump-administration-lend-100-million-africell-countering-huawei-africa-2026-09-11/