Reading List

The most recent articles from a list of feeds I subscribe to.

Mike Novogratz's Galaxy says it has secured $1.4B in debt financing to expand its Helios data center in West Texas, aiming to boost AI and HPC capabilities (CoinDesk)

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Opendoor CEO Carrie Wheeler steps down, with Shrisha Radhakrishna named president and interim CEO; OPEN closed up 4.28% (Norah Mulinda/Bloomberg)

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Sam Altman says OpenAI "totally screwed up some things" on the GPT-5 rollout and confirms plans to fund a brain-computer interface startup to rival Neuralink (Alex Heath/The Verge)

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CoreWeave's IPO lockup expires, letting holders of 80%+ of its Class A shares sell; its stock fell 33% in the two days after its Q2 earnings amid selloff fears (Carmen Reinicke/Bloomberg)

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Klarna reports Q2 revenue up 25% YoY to $823M and net loss up 194% YoY to $53M, as it prepares for a second attempt at a US IPO, after pausing plans in April (Akila Quinio/Financial Times)

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Sources: some investors seek to replace N26's co-CEOs after German financial regulator Bafin identified new deficiencies in the digital bank's internal controls (Bloomberg)

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SoftBank-owned PayPay files for a US listing; sources: PayPay aims to raise $2B+ at a $10B+ valuation, and the listing could happen by the end of the year (David Keohane/Financial Times)

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Meta's standalone Meta AI app, launched in April 2025, offers an uneven experience, hallucinating and not personalizing replies despite access to Meta accounts (Bloomberg)

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An interview with Sam Altman on spending billions on AI infrastructure, wanting Chrome if it's really for sale, AI models saturating the chat use case, and more (Ina Fried/Axios)

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How Google's Jigsaw and pollster Scott Rasmussen plan to use AI to survey Americans on political views to find common ground ahead of the US' 250th anniversary (Richard Nieva/Forbes)

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Meta's strong Q2 shows it has learned it must give investors short-term results to get permission for long-term investments, such as its AI ambitions (Ben Thompson/Stratechery)

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Accenture plans to acquire Melbourne-based cybersecurity company CyberCX from private equity firm BGH Capital, reportedly valuing CyberCX at AU$1B+ (Mark Anderson/Bloomberg Law)

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Foxconn's AI server business surged 60%+ YoY in Q2, surpassing revenue from Apple-related products for the first time, and is projected to grow 170%+ YoY in Q3 (Lauly Li/Nikkei Asia)

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Sen. Josh Hawley calls for a congressional probe into Meta after a report on its AI policy allowing sensual chats with kids; Sen. Marsha Blackburn backs a probe (Jody Godoy/Reuters)

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Louisiana AG Liz Murrill sues Roblox, alleging among other things that it continues to facilitate CSAM distribution and the sexual exploitation of children (Todd Spangler/Variety)

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Source: investors have offered cloud startup Vercel hundreds of millions at an $8B-$9B valuation, which would nearly triple its $3B valuation from 15 months ago (The Information)

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Source: AI coding startup Cognition raised nearly $500M led by Founders Fund, bringing its valuation to $9.8B, more than double the level earlier this year (Yuliya Chernova/Wall Street Journal)

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SCOTUS rejects NetChoice's emergency appeal to block a Mississippi law that requires age verification and parental consent for teens to join social networks (New York Times)

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Sources: Lambda is in talks for a funding round that could value the cloud services company between $4B and $5B ahead of a potential IPO by the end of 2025 (Bloomberg)

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Sources: the Trump administration is in talks with Intel to have the US government potentially take a stake in the company; INTC closes up 7.4% (Bloomberg)

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