The Brutalist Report - techmeme
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- 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) [30d]
- 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) [30d]
- 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) [30d]
- 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) [30d]
- 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) [30d]
- 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) [30d]
- 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) [30d]
- 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) [30d]
- 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) [30d]
- Filings show Uber divested from long-time partner Serve Robotics in Q2, as the companies clash over how to deploy delivery robots; Serve has a DoorDash deal (Natalie Lung/Bloomberg) [30d]
- Similarweb: Bluesky's mobile MAUs fell 27% YoY to 10.4M in June and DAUs fell 26% to 3M in July; X's mobile MAUs fell 3% to 302M and DAUs fell 7% to 123.7M (Sarah Perez/TechCrunch) [30d]
- Royal Bank of Canada and Bank of Montreal agree to sell payments company Moneris to PE firm Francisco Partners for CA$2B in cash, splitting proceeds equally (Bloomberg) [30d]
- Sources: David Sacks' Craft Ventures is targeting around $1B for a new fund, its first since Sacks stepped down as the White House AI and crypto czar (The Information) [30d]
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