Techmeme
September 8, 2025, 10:30 AM

Top News

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.
Washington Post:
Current and ex-Meta employees submitted documents and affidavits to Congress alleging that Meta suppressed research on child safety risks in its VR platforms  —  The company's lawyers intervened to shape research that might have shed light on risks in virtual reality, four current and former staffers have told Congress.
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 internet network, agreed to acquire wireless spectrum …
Adam James / The Block:
Forward Industries raised $1.65B via a private investment in a public equity offering led by Galaxy, Jump, and Multicoin for a Solana asset treasury strategy  —  - Forward Industries, Inc. announced a $1.65 billion private investment in a PIPE offering led by Galaxy Digital, Jump Crypto …
Crunchbase News:
Atlanta-based Rainforest, which embeds payment processing into platforms, raised a $29M Series B led by Matrix and Infinity, taking its total funding to $57.5M  —  Rainforest, a startup that embeds payment processing into other software platforms, has raised $29 million in a Series B funding round …
M.G. Siegler / Spyglass:
Anthropic's $1.5B copyright settlement pulls up a drawbridge on its startup rivals that cannot afford such fines, setting a floor price on training infringement  —  $1.5B.  Damn.  Who can afford to pay that?  —  There I was, just sitting there enjoying life when I got the push notification …
Rebecca Ratcliffe / The Guardian:
ASPI: Myanmar's online scam centers on the Thai border have increased from 11 to 27 since the military coup in 2021, holding an estimated 100K trafficked people  —  Operated by crime syndicates and fostered by the country's military junta, the number of vast complexes such as KK Park on the Thai-Myanmar border has doubled since 2021

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