The Brutalist Report - tech
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- Filings: Moonshot restructured its China-based entity from a limited liability company to a joint stock company in its first visible step toward a Hong Kong IPO (Financial Times) [3d]
- The US OCC denies Dutch fintech Bunq's application for a national bank charter, citing the need for more clarity on its business plan to expand in the US (Bloomberg) [3d]
- Sources: Situational Awareness invested $500M, including $400M this week, into Source Foundry, a startup that plans to develop new AI chip manufacturing tools (Wall Street Journal) [3d]
- The Clarity Act faces uncertainty after Senate Republicans delayed a vote until after their August recess, pushing it to September, just weeks before midterms (Jasper Goodman/Politico) [3d]
- Sources: data center operator Switch filed confidentially for a US IPO, and a listing could take place as soon as November; Ben Horowitz is joining its board (Bailey Lipschultz/Bloomberg) [3d]
- Retailers are updating their websites to rank highly in chatbot results, while making sure purchases are done on their own sites to collect customer data (Arriana McLymore/Reuters) [3d]
- TMTG interim CEO Kevin McGurn says the company is pulling back from a pair of Crypto.com deals to focus on its media arm and its pending merger with TAE (Sara Fischer/Axios) [3d]
- Sources: Cursor told staff Thursday that SpaceX could complete its $60B acquisition as soon as next week and the Cursor brand name will likely be phased out (Grace Kay/The Information) [3d]
- The US Treasury sanctions Dubai-based unlicensed crypto exchange Shelbit, alleging it processed millions in crypto for IRGC and other Iran-linked groups (Reuters) [3d]
- Microsoft plans to end support for Manifest V2 extensions in Edge starting this month, following Google Chrome, and for enterprise users in early 2027 (Stevie Bonifield/The Verge) [3d]
- Munich-based NavVis, which provides enterprises with spatial data on factories, plants, buildings, and more, raised an $85M Series D led by The Jordan Company (Rahul Raj/EU-Startups) [3d]
- No new articles in the Past 6 Hours.
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