Techmeme
August 23, 2026, 8:45 PM

Top News

Mark Gurman / Bloomberg:
Sources: foldable iPhone feels durable, fits well in a pocket, has useful iPad-like app layouts, excels as a camera viewfinder but lacks telephoto and Face ID  —  Also: Get ready for iPhone price hikes.  —  Apple is about to bring some of its product magic back with its first foldable iPhone.
George Hammond / Financial Times:
Ramp data: Fable 5, launched in June, has plateaued at ~11% of spending on Anthropic tools, as companies shift to cheaper models; Opus 5 surpassed Fable 5  —  AI lab's Fable 5 has met with sluggish demand from corporate clients  —  Anthropic's US customers are using cheaper alternatives …
Katie Roof / Business Insider:
Sources: Hugging Face is exploring a sale that could value it at $13B+, up from $4.5B in 2023, and has been working with a bank to evaluate bidders' interest  —  The AI industry's next blockbuster acquisition may not be another model maker.  —  Hugging Face, whose platform helps developers discover …
Telegraph:
Sources: Iran-linked hackers shut down a small UK power plant for four days, coinciding with a wave of Iran-affiliated attacks on US water utilities  —  Unprecedented cyber attack believed to be most successful of its kind  —  Tony Diver , Political Editor.  Rozina Sabur , National Security Editor.
Rebecca Falconer / Axios:
Trump says communities that oppose data centers are “making a mistake” as they create “tremendous amounts of jobs and money”, amid bipartisan backlash  —  President Trump defended the expansion of data centers in an interview with his former fixer, Michael Cohen, that aired in full on Sunday.
Axios:
Greg Abbott says data center companies “dug their own grave” by moving into communities without first gaining support, signaling growing Republican backlash  —  Texas Gov. Greg Abbott delivered one of the starkest warnings yet from a Republican to the AI industry …
Raffaele Huang / Wall Street Journal:
The careers of Z.ai's Tang Jie and Moonshot AI's Yang Zhilin, once teacher and pupil at Tsinghua University, show that China's AI leap is no sudden development  —  University lab nurtured the computer scientists who are using ingenuity and imitation to chase down Anthropic and OpenAI; ‘they know perfectly how to monetize their work’
Reuters:
Alibaba plans to raise ~$10B in a follow-on share offering to fund AI investments; sources: it plans to offer 710M shares at a 3.6% discount to Friday's close  —  China's Alibaba (9988.HK) on Sunday launched a HK$80-billion ($10.2 billion) share placement to fund artificial intelligence-related development.
Robbie Whelan / Wall Street Journal:
Sources: Nvidia plans to use its $6B deal with Poolside to build an open-weight AI model to compete with Chinese models like DeepSeek and Kimi  —  A sweeping agreement with startup Poolside aims to build an open AI ecosystem in the U.S. to compete with Chinese heavyweights and American AI giants
Truman Dickerson / Business Insider:
Sam Altman says AI could end up controlled by a few powerful players, partly because AI fears could push people to trade “a lot of liberty for safety”  —  OpenAI CEO Sam Altman says he worries that AI will one day be controlled by a handful of companies, models, or people …
Bloomberg:
Sources: some of Nvidia's top customers have been told that prices will jump 15%+ on systems, including Vera Rubin and Grace Blackwell, starting in early 2027  —  Some of Nvidia Corp.'s biggest customers have been told that the prices of servers containing its artificial intelligence chips …
Jagmeet Singh / TechCrunch:
Sources: Flipkart Minutes, the quick commerce service of Walmart's Flipkart, is now delivering 1.1M-1.2M orders per day, up from ~390K-400K in November 2025  —  Indian startups spent years getting consumers accustomed to having groceries and everyday goods delivered within minutes.

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Rohail Saleem / Wccftech: