Techmeme
September 8, 2025, 8:15 AM

Top News

Reuters:
Sources: ASML is committing €1.3B for Mistral's €1.7B Series C at a €10B pre-money valuation, and is set to become its top shareholder and to get a board seat  —  ASML (ASML.AS), a crucial supplier of advanced chipmaking equipment, is set to become the top shareholder …
Jessica Toonkel / Wall Street Journal:
OpenAI is providing its tools and computing resources for Critterz, a largely AI-made feature-length animated film that is set to hit theaters globally in 2026  —  OpenAI wants to prove that generative artificial intelligence can make movies faster and cheaper than Hollywood does today.
Bloomberg:
SpaceX agrees to acquire EchoStar's AWS-4 and H-block spectrum licenses for up to $8.5B in cash and up to $8.5B in stock, resolving an FCC inquiry into EchoStar  —  SpaceX, the Elon Musk-backed company that owns the Starlink satellite network, agreed to acquire wireless spectrum …
M.G. Siegler / Spyglass:
Anthropic's $1.5B copyright settlement raises a drawbridge on its startup rivals, which could not afford to pay such fines, setting an AI copyright floor price  —  $1.5B.  Damn.  Who can afford to pay that?  —  There I was, just sitting there enjoying life when I got the push notification …
New York Times:
A look at Ross Ulbricht's return to public life after receiving a pardon in January, including speaking at Bitcoin 2025 and accepting millions in donations  —  Ross Ulbricht, who created the Silk Road dark web marketplace and was serving a life sentence for drug distribution …
Angel Au-Yeung / Wall Street Journal:
Databricks is set to close $1B in funding at a $100B valuation and is on track to generate $4B in revenue in its fiscal year ending January 2026, up 50% YoY  —  The data analytics company is close to completing its latest financing, raising $1 billion at a $100 billion valuation
Chloe Cornish / Financial Times:
A profile of Zachary Cefaratti, a below-the-radar dealmaker for data centers, crypto mining, and tech groups in the Gulf through his advisory firm Dalma Capital  —  Dubai-based Zachary Cefaratti has become a go-to dealmaker who connects Middle Eastern money to Silicon Valley

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Susanne Barton / Bloomberg: