Techmeme: 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)

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August 8, 2026, 8:40 AM

Top News

Axios:

OpenAI says it has expanded safety testing around its upcoming model Astra as it “cannot rule out” critical cyber capabilities, potentially delaying its launch — OpenAI “cannot rule out” that its upcoming model Astra has"critical" cyber capabilities, a designation that has prompted …

Marcus Mendes / 9to5Mac:

Anthropic announces a feature that allows different Claude Code sessions to message each other with updates and other information, available on macOS and Linux — Users running the latest version of Claude Code on macOS and Linux can now have their sessions message each other to share findings, ask questions, and coordinate work.

More: Claude, MacRumors, Global Times, The Decoder, The Mac Observer, and Unite.AI

X: @claudedevs, @aisafetymemes, @sawyerhood, @claudedevs, @marcidale, @daniellefong, @ultralinx, @levie, @mattpocockuk, and @_nathancalvin

@xcreators:

X announces the Original Content Rewards Program and will discontinue Revenue Sharing on Sep. 7, saying existing Revenue Sharing members can apply for access — Today, we're introducing the Original Content Rewards Program, a new way to reward creators who bring original ideas, expertise …

More: Engadget and RuntimeWire

X: @scobleizer, @vxunderground, @mweinbach, @jason, @allegrajacchia, @nikitabier, @sawyermerritt, @alexfinn, @matthewberman, @uncledoomer, and @uncledoomer

Zusha Elinson / Wall Street Journal:

How Amazon and Gilroy, California, quietly negotiated a $2B data center project that AWS applied to build in 2020, without any public meetings or votes — Company and Gilroy, Calif., spent years quietly negotiating $2 billion project that few residents knew about until work began

New York Times:

A profile of Tatyana Kim, founder of Russia's largest online retailer Wildberries, which has lost an estimated third of its warehouse space to Ukrainian attacks — As Ukraine repeatedly strikes warehouses of the e-commerce site Wildberries, Tatyana Kim, its billionaire co-founder, faces her biggest test yet.

More: New York Times, Associated Press, The Kyiv Independent, and Reuters

Reuters:

Ukrainian attacks on warehouses of Russia's largest online retailer Wildberries are affecting tens of thousands of small businesses that rely on the platform

More: RTÉ, The Guardian, Reuters, and Business Insider

SemiAnalysis:

Analysis: SpaceX is on track to build ~10 GW of compute capacity by 2027's end, with 6 GW-8 GW in 2027 alone, which could drive $300B in annual revenue run-rate — Inference at 100B/GW/year, SpaceX's stellar pace, Microsoft's 10GW 2026 Awakening, Azure Can Grow Triple-Digits

X: @firstadopter, @zephyr_z9, @scaling01, @zephyr_z9, @edzitron, @ckcapitalxx, @midnight_captl, @realmeetkevin, and @semianalysis_. Forums: r/MU_Stock

Nikkei Asia:

Analysis: South Korea and Taiwan each surpassed Japan in total exports for the first time in H1 2026, as AI demand drove explosive growth in chip exports — TOKYO — South Korea and Taiwan each surpassed Japan in total exports for the first time during the first half of 2026, according to a Nikkei analysis.

More: Business Today, Kyodo News, Focus Taiwan, Reuters, DigiTimes, and UKTN

Wall Street Journal:

Sources: Situational Awareness invested $500M, including $400M this week, into Source Foundry, a startup that plans to develop new AI chip manufacturing tools — Investment marks the latest known private-company bet by Situational Awareness after quick sale of its stock portfolio.

More: The Daily Hodl and Bloomberg

Sara Fischer / Axios:

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 — Truth Social's parent company, Trump Media and Technology Group, is pulling back from a pair of Crypto.com deals as its new leadership looks …

More: Crypto.com, CryptoSlate, CryptoPotato, The Crypto Times, Cointelegraph, Bloomberg, Yahoo Finance, Wall Street Journal, CoinDesk, The Block, and Bitcoin Magazine. Forums: r/CryptoCurrency

The Information:

Sources: Nvidia agrees to invest $2B in Lancium, the power infrastructure developer of the Stargate campus in Texas, plus $1B more if it hits certain thresholds — Nvidia has agreed to invest $2 billion into Lancium, the power infrastructure developer behind the OpenAI and Oracle AI campus in Texas …

More: Blockonomi and Reuters

Jasper Goodman / Politico:

The Clarity Act faces uncertainty after Senate Republicans delayed a vote until after their August recess, pushing it to September, just weeks before midterms — The cryptocurrency industry's top Washington priority has run into a stinging setback in the U.S. Senate.

Bloomberg:

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 — A US banking regulator turned down a charter application by Dutch financial-technology firm Bunq BV, which submitted a request …

More: Reuters, Finimize, and American Banker

Financial Times:

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 — Chinese AI start-up targets Hong Kong listing to raise fresh funding for next phase of development

Bailey Lipschultz / Bloomberg:

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 — Switch Inc. filed confidentially for a US IPO, according to people familiar with the matter, joining its data center peers …

More: Reuters

Arriana McLymore / Reuters:

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 — As shoppers increasingly turn to ChatGPT and Google's Gemini for product recommendations, retailers are racing to appear in chatbot results …

More: PYMNTS and Finimize

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The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Salon:

Salon, launched in 1995 to cover politics, culture, and more, says it is closing: “business realities of independent digital journalism have changed profoundly”

A.J. Katz / The Wrap:

LIV Golf is shutting down after five years and over $5B in Saudi backing, ending its efforts to build a TV audience on Fox and, before that, The CW

Matthew Keys / TheDesk.net:

Nexstar reports Q3 net income up 285% YoY to $250M and net revenue up 78% YoY to $2.1B, as Q3 political ads brought in $317M; results include Tegna numbers

More News

Grace Kay / The Information:

Sources: Cursor told staff on Thursday that SpaceX could complete its $60B acquisition as soon as next week and the Cursor brand name will likely be phased out

X: @graceihle and @quinnypig

Reuters:

The US Treasury sanctions Dubai-based unlicensed crypto exchange Shelbit, alleging it processed millions in crypto for IRGC and other Iran-linked groups

More: U.S. Department …, The Crypto Times, RedState, Bloomberg, TRM Insights, Yahoo Finance, crypto.news, Cointelegraph, Decrypt, The Block, CoinDesk, Bloomberg, and CBS News

X: @secscottbessent and @ustreasury. Forums: r/Buttcoin

Stevie Bonifield / The Verge:

Microsoft plans to end support for Manifest V2 extensions in Edge starting this month, following Google Chrome, and for enterprise users in early 2027

More: Windows Blog, WinCentral, RuntimeWire, Thurrott, Digital Trends, Microsoft Learn, and Neowin

Bluesky: @justinschuh.com. Forums: r/technology, r/MicrosoftEdge, and r/browsers

Rahul Raj / EU-Startups:

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

More: NavVis

The Information:

Sources: legal AI startup Harvey is in talks to raise $500M+ at a $15.5B valuation, up from $11B in March, and is generating $350M+ in annualized revenue

More: SiliconANGLE and PYMNTS

Sarah Perez / TechCrunch:

Cloudflare debuts Kitesurf, a cloud-hosted browser for AI agents built on top of its Workers serverless service, available for free while in beta in Browser Run

More: Cloudflare, Memeburn, The Mac Observer, iClarified, Digital Trends, WeRSM, and Tech in Asia

X: @cloudflare. LinkedIn: Luís Duarte. Forums: r/rust

Earlier Picks

Maria Armental / Wall Street Journal:

Singapore-based Multiplier, which acquires accounting firms to boost their growth with AI tools, raised a $35M Series B led by TheGP at a $300M valuation

More: Multiplier and DealStreetAsia. LinkedIn: Paige Dolby

Brian Steinberg / Variety:

Nielsen agrees to acquire and take digital media monitor DoubleVerify private in an all-cash deal with a ~$2.15B enterprise value, expected to close by Q1 2027

Nat Ives / Wall Street Journal:

Ad measurement company VideoAmp cut ~20% of its staff this week, citing that “AI is a major platform shift”; sources: 50 to 60 were laid off, including the CTO

More: Marketing Dive. Bluesky: @carnage4life