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Techmeme
August 24, 2026, 7:40 AM
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Top News

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 …
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
Tracy Withers / Bloomberg:
New Zealand plans a bill to ban social media for under-16s, requiring “high risk” platforms to check user ages or face penalties of up to 10% of global revenue  —  New Zealand plans to ban under-16s from social media, joining a throng of countries worldwide seeking to limit online harm to children.
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 …
The Information:
Sources: Nvidia is in talks to invest in Perplexity's new equity round valuing it at $30B+; Nvidia considered a tech licensing deal and hiring some of its staff  —  Nvidia is discussing investing in Perplexity as part of an equity round that would value the AI startup at more than $30 billion …
Natasha Singer / New York Times:
A look at the playbook tech giants like Google, Microsoft, and OpenAI use to shape American schools to their benefit, and the pushback against unproven AI tools  —  One humid afternoon in the summer of 2025, representatives from Microsoft were waiting as some 200 teachers trooped into a conference hall in downtown Manhattan.
Rthvika Suvarna / Bloomberg:
US business schools are racing to prepare students to become chief AI officers, even as companies are still figuring out what the newest C-suite role entails  —  Business schools are racing to prepare executives for the newest C-suite role, even as companies are still figuring out what the job entails.
Julia Fioretti / Bloomberg:
Filing: Shein will debut on the Hong Kong exchange on September 1, seeking up to $1.8B in an IPO at a $27B valuation, a fraction of its $100B valuation in 2022
Bloomberg:
Sources: ByteDance is merging coding platform Trae and agent-building tool Coze into Doubao, and plans to launch Doubao Work to compete with Tencent's WorkBuddy  —  ByteDance Ltd. is consolidating the resources behind two of its artificial intelligence developer products to bolster China's …
Krisztian Sandor / CoinDesk:
Fasset, which offers stablecoin-powered banking services across Asia and other emerging markets, raised $68M at a $1B valuation, after raising $51M in May  —  Stablecoin-focused digital bank Fasset said Monday it has raised $68 million in a funding round led by Japan's SBI Group …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:40 AM ET, August 24, 2026.

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

Laurel Rosenhall / New York Times:
California AG cancels a meeting with Paramount, accusing the company of acting in bad faith by leaking and misrepresenting earlier settlement discussions

Benjamin Mullin / New York Times:
An arbitrator orders the Washington Post to reinstate Karen Attiah, who was fired for “gross misconduct” last year over posts made after Charlie Kirk's shooting

Jennifer Jacobs / CBS News:
Sources: the Pentagon fired Stars and Stripes' publisher, EIC, and a Middle East reporter for insubordination; the publisher earlier announced his retirement

More News

Ina Fried / Axios:
Source: AI researcher Luke Metz, who returned to OpenAI from TML earlier this year, joins Meta's Superintelligence Labs and will report to Alexandr Wang
Telegraph:
At Beijing's World Humanoid Robot Games, a robot made by Honor ran 100m in 9.39s, and another Chinese robot finished 400m in 38.16s, both beating human records

Earlier Picks

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”
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
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
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