Techmeme
August 15, 2026, 8:30 AM

Top News

Echo Wang / Reuters:
Sources: Anthropic projects 2028 revenue of ~$190B-$200B, vs. a revenue run rate of $47B in May, as bankers and investors price the company ahead of an IPO  —  As Anthropic prepares for what could be one of the biggest IPOs on record, Wall Street is looking further into the future …
Bloomberg:
Docs: Anthropic told investors it generated $11.5B+ in revenue, with positive adjusted operating income, in Q2, up from $787M in Q2 2025 and $4.73B in Q1 2026  —  Anthropic PBC is telling prospective investors its second-quarter revenue jumped at least 14-fold versus the same period a year ago …
Madison Mills / Axios:
Risk report: Anthropic raises misalignment risk estimate from very low to low and says it doesn't plan to release a stronger internal model called “Model 2”  —  Anthropic does not plan to release an internal model that appears to be more powerful than top-of-the-line Mythos …
Bloomberg:
SpaceX closes its $60B acquisition of Cursor, two months after SpaceX formally announced it had agreed to acquire the startup  —  SpaceX has completed a $60 billion acquisition of artificial intelligence coding startup Cursor, a key part of Elon Musk's bid to gain ground on rivals Anthropic PBC and OpenAI.
Wall Street Journal:
Sources: PayPal is in talks to sell itself to a group including Stripe and Advent, which proposed paying $60.50/share in July; PayPal is seeking a higher price  —  The fintech startup and private-equity firm Advent offered to buy the struggling payments company in July
Larry Dignan / Constellation Research:
Dynatrace agrees to acquire Arize, which specializes in AI observability and the AI development lifecycle, for $915M, including ~$815M in cash  —  Dynatrace acquired Arize, which specializes in AI observability and the AI development lifecycle, in a deal worth $915 million.
Reuters:
Z.ai says GLM-5.3 scores 84.5% on CyberGym, vs. Mythos 5's 83.8%, and its most sensitive cybersecurity functions will only be available to verified users  —  Chinese AI startup Z.ai said on Friday its open-source GLM-5.3 model had neared Anthropic's restricted Mythos 5 in identifying software …
William Sandlund / Financial Times:
Shanghai's tech-focused Star 50 index is up 29% in 2026, and its P/E ratio is 150+, above Nasdaq 100's 35, fueled by Beijing's tech push and an investor frenzy  —  Support from Beijing has helped power 29% gain for Star 50 index this year  —  Backing from Beijing and an investor frenzy …
More: Finimize
Abhinaya Prabhu / Tech Funding News:
SF-based Vals, which develops evaluations and benchmarks to test AI models on real-world tasks, raised a $40M Series A led by a16z at a $400M valuation  —  - Vals AI raised $40 million in a Series A round at a $400 million valuation.  — Revenue has grown eightfold since 2025 …
Michael Martina / Reuters:
Source and letter: the US plans to tell 35 partner countries they'll be excluded from the US-led Pax Silica initiative if they also join China's rival framework  —  The U.S. is preparing to tell dozens of countries they must pick sides in the artificial intelligence race with China …
The Economic Times:
Sources: Uber and Rapido discussed merging their India ride-hailing operations in May; talks collapsed after disagreements over the proposed deal's structure  —  Uber and Rapido discussed merging their India ride-hailing operations in May, sources told us.  Talks collapsed after disagreements over the proposed deal's structure.
More: Inc42 and VCCircle
Zijing Wu / Financial Times:
Sources: China plans to soon lift a travel ban on Manus founders as the company unwinds its $2B acquisition by Meta; CEO Xiao Hong plans to return to Singapore  —  Chief executive Xiao Hong plans to return to Singapore as AI company nears resolution of Meta separation

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More News

M. Sriram / Newcomer:
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Reuters:
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Earlier Picks

Emma Roth / The Verge:
@alibaba_qwen:
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J.J. McCorvey / Bloomberg:
The Information: