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Techmeme

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Super Micro reports Q4 revenue up 93% YoY to $11.1B, vs. $11.3B est., and forecasts Q1 and FY 2027 revenue above estimates; SMCI jumps 9%+ after hours (Dina Bass/Bloomberg)
CoreWeave reports Q2 revenue up 112% YoY to $2.58B, vs. $2.56B est., and a $104B revenue backlog, with 1.5 GW of contracted power; CRWV jumps 9%+ after hours (Jordan Novet/CNBC)
Sources: former OpenAI Chief Product Officer Kevin Weil is aiming to raise $150M for a new AI science startup, seeking a valuation of at least $750M (Business Insider)
Researchers find that feeding a frontier model's encrypted reasoning traces to a weaker model from the same provider can make it output the traces in plaintext (Will Knight/Wired)
Accel raised $3.5B in funds for early-stage investments, including a $1.35B global expansion fund for larger early-stage rounds and rapid follow-on investments (Natasha Mascarenhas/Bloomberg)
Source: Kalshi's annualized revenue topped $4B in July, up from $2B+ two months earlier, and its operating expenses totaled $300M in June (Yueqi Yang/The Information)
The CFTC uses its "emergency authority" to order Kalshi to continue operating in New York after the state filed a lawsuit in July seeking to shutter Kalshi (Nikhilesh De/CoinDesk)
OpenAI launches a ChatGPT desktop app for Linux in preview, supporting ChatGPT Work, Codex, and more; Computer Use outside the in-app browser is not available (Frederic Lardinois/The New Stack)
A profile of Suno, which has been used by more than 100M people since 2023 and has 2M+ paid subscribers, as it faces copyright lawsuits from UMG and Sony Music (Bloomberg)
A look at Candy Crush's continued popularity 15 years after its launch, with an estimated 81.5M MAUs and in-app revenue of $876.5M in fiscal year 2025 (Alanna Okun/Bloomberg)
A look at Western Australian police's first live facial recognition trial, which has scanned 130,000+ people since June, raising accuracy and privacy concerns (ABC)
Intel raised $20B in an upsized share sale, up from the $15B it was targeting on Monday; sources say the sale drew $100B+ in demand; INTC is up 145%+ YTD (Bloomberg)
A look at London-based AI startup Cosine, which is building a frontier model with UK government backing, as some question if it has the talent and resources (Financial Times)
How a wave of disinformation on Facebook, WhatsApp, TikTok, Instagram, and Telegram contributed to a surge of migrants from Morocco to Spain's Ceuta enclave (New York Times)
OpenAI is hiring a power-trading lead to manage commodity hedging across its expanding data center power portfolio, as tech companies seek reliable electricity (Julian Hast/Bloomberg)
How India's IT services sector, which employs 6M people, contributes ~7% of GDP, and generates $300B+ annually, is shedding jobs as AI automates formulaic work (Financial Times)
xAI co-founder Igor Babuschkin's River AI raised $1B led by General Catalyst to build home or small business computer servers capable of running AI locally (Cade Metz/New York Times)
An NYC bill, backed by Mayor Zohran Mamdani, calls for Amazon, FedEx, and others to directly employ thousands of delivery workers; the bill could pass this fall (Bloomberg)
Big Tech's AI boom echoes the 1870s railroad buildout, and Nvidia shifting risk to institutional capital may expose investors if AI revenues fail to materialize (Ben Thompson/Stratechery)
IBM and Together AI sign a $240M, multi-year deal to build an AI inference cluster on IBM Cloud, using Nvidia's HGX B300 systems, to support open-source models (Anhata Rooprai/Reuters)

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