Reading List

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

Nesto, a Montreal-based mortgage and finance tech startup, raised a CA$302M Series E at a CA$1.47B valuation to expedite deployment of its lending platform (Alex Riehl/BetaKit)

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Analysis: assuming API pricing, the $200/month Claude Max and ChatGPT Pro plans offer up to ~$8,000/month and ~$14,000/month worth of tokens, respectively (@semianalysis_)

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Xiaomi releases MiMo Code V0.1.0, an open-source AI coding assistant that it says outperforms Claude Code on agentic coding and software engineering benchmarks (Carl Franzen/VentureBeat)

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Zelle owner EWS says it plans to expand the payment service later in 2026 to India, its first international market, and create its own USD-backed stablecoin (Associated Press)

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Anthropic, OpenAI, and other AI startups have announced major London expansions over the past year, as the city emerges as a deep AI talent pool outside the US (Kai Nicol-Schwarz/CNBC)

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Ted Cruz and Ron Wyden introduce the JAWBONE Act, which would let Americans sue US officials who try to coerce broadcasters or platforms into censoring speech (Jon Brodkin/Ars Technica)

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Agentic workplace startup Genspark raised a $100M Series B extension at a $2.6B post-money valuation, up 63% in just three months; it has raised $645M+ to date (Chris Metinko/Axios)

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Adobe reports Q2 revenue up 13% YoY to $6.62B, vs. $6.46B est., and raises its annual forecasts; CFO Dan Durn is leaving for Marvell; ADBE drops 5%+ after hours (Zaheer Kachwala/Reuters)

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Sources: Founders Fund's ~3% stake in SpaceX is now worth $50B+, after investing $600M; a16z will get the biggest return in its history, with a $10B+ stake (Bloomberg)

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SpaceX raises $75B in the biggest-ever IPO, pricing 555.6M shares at $135 each, giving it a market value of $1.77T (Bailey Lipschultz/Bloomberg)

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Polish lawmakers pass legislation imposing prison sentences of up to five years for "trash streaming" of violent crimes, gambling promotion, and more (Anna Wlodarczak-Semczuk/Reuters)

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Some investors question SpaceX's projected $1.77T valuation, citing its $4.3B loss on $4.7B in revenue in Q1, concerns over space data centers, and more (New York Times)

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Former a16z GP John O'Farrell criticizes the AI industry and his ex-partners for spending hundreds of millions to fight regulation, calling it "a huge mistake" (John O'Farrell/New York Times)

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Coinbase launches an AI agent that can execute trades and pay for premium research; users can give it access to their main account or have it operate separately (Ivan Mehta/TechCrunch)

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Europol says it has dismantled the AudiA6 crypto mixing service, which allegedly laundered $380M+ for ransomware actors and others between 2022 and 2025 (Bill Toulas/BleepingComputer)

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Sources: Anthropic signed 12+ initial agreements for direct data center leases, a first for the company, with Google potentially providing a financial guarantee (Anissa Gardizy/The Information)

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PhoenixAI, formerly CelerData, which is building what it calls an agentic AI-ready analytical database, raised an $80M Series B led by Sky9 (Kyt Dotson/SiliconANGLE)

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Barcelona-based Theker, which is building AI-powered robots for industrial environments, raised $85M led by CRV, with Samsung, LVMH, and others participating (Reuters)

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Waymo launches Waymo Premier, a $30-per-month membership program offering perks like skipping the line, 10% cashback, and five free ride cancellations per month (Sean O'Kane/TechCrunch)

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Sources: BlackRock put in an order to buy at least $5B worth of SpaceX shares; SpaceX received an over $1B request from a single family-office investor (Wall Street Journal)

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