The Brutalist Report

Techmeme

Applied Materials reports Q3 revenue up 25% YoY to $9.12B, vs. $8.99B est., net income up 43% to $2.54B, and forecasts Q4 revenue above estimates (Elias Schisgall/Wall Street Journal) [28d]
Charter receives final state approval to buy Cox for $21.9B after making concessions to California regulators, including low-cost internet for some households (Patience Haggin/Wall Street Journal) [28d]
Epic v. Apple: Apple proposes commissions on US linked-out purchases of 15% for standard apps, 10% for partner programs and renewals, 5% for Small Business apps (Marcus Mendes/9to5Mac) [28d]
A judge orders Kalshi to stop offering most of its prediction contracts in Washington state, after finding it likely violated state gambling-related laws (J.J. McCorvey/Bloomberg) [28d]
Sources: OpenAI is on track to generate annualized revenue of $40B+ based on its current performance, roughly doubling its run rate from the end of 2025 (Bloomberg) [28d]
A profile of Camilla Clark, quiet adviser to husband Dario Amodei and behind-the-scenes player at Anthropic; she once pitched a porn startup to Jeffrey Epstein (The Information) [28d]
Reddit will join the S&P 500 on August 18, becoming only the second pure-play social media company in the index after Meta; RDDT jumps 10%+ after hours (Jonathan Vanian/CNBC) [28d]
OpenAI launches Computer History, an opt-in feature that turns recent computer activity on macOS into memories and a timeline that ChatGPT and Codex can use (Frederic Lardinois/The New Stack) [28d]
Netflix is closing game studios Night School Studio, which it acquired in 2021, and Moonloot, and is also cutting jobs from its internal games team (Stephen Totilo/Game File) [28d]
Anthropic details multiagent experiments showing Claude agents can wage a "turf war" over incompatible goals, fail to coordinate, collude on prices, and more (Rebecca Bellan/TechCrunch) [28d]
Sources: Silver Lake is in talks to acquire HR and financial management software maker Workday, which has a market value of ~$43B; WDAY jumps 18%+ (Milana Vinn/Reuters) [28d]
Tether says KPMG completed Tether's first full audit and found its 2025 financial statements fairly presented its financial position in all material respects (Krisztian Sandor/CoinDesk) [28d]
Sources: Vantage Data Centers, a major hyperscale developer, is exploring options including a sale or an IPO at a valuation of about $100B as soon as next year (Reuters) [28d]
US-based robot vacuum maker Matic rolls out a firmware update that lets users control its $1,245 vacuum with voice commands in more than 70 languages (Chris Welch/Bloomberg) [28d]