Techmeme
September 8, 2025, 8:45 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.
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 …
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 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 …
Reuters:
Cloud security software company Netskope plans to sell 47.8M shares at $15 to $17 in its IPO, valuing it at up to $6.5B and raising up to $813M  —  Netskope is seeking a valuation of up to $6.5 billion in its initial public offering in the United States, the cloud-based cybersecurity firm said on Monday …
More: Bloomberg and Axios
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

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New York Times: