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August 29, 2026, 1:35 PM
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memeorandum
WeSmirchTop News
| OpenAI: |
OpenAI says it plans to stop providing its models to Cursor from November 12, as “we cannot be confident that SpaceX will use our technology within our ToS” — Today, we notified SpaceX that we intend to wind down our contract providing OpenAI models to Cursor, with a proposed shutoff date of November 12, 2026.
More: Engadget, Cyber Security News, iPhone in Canada, Mashable, Wccftech, Reuters, Manton Reece, Bloomberg, CoinGape, MacDailyNews, Nairametrics, Neowin, The Decoder, TESLARATI, and RuntimeWire
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Forums: Hacker News, r/BetterOffline, r/codex, r/windsurf, r/singularity, r/technology, and r/cursor
| Amir Efrati / The Information: |
Cursor co-founder Michael Truell says OpenAI represents just 5% of Cursor's traffic and Cursor trusted OpenAI to be “neutral”; Musk says he “couldn't care less” — OpenAI said Friday night that it will terminate its contract to provide its AI models …
| New York Times: |
Sources detail how Meta's $17.1B settlement with state AGs came together as Meta wanted to avoid going to trial following losses in cases in LA and New Mexico — State attorneys general spent months in negotiations. Then, as its legal losses mounted, the social media giant's new top lawyer brought a huge settlement to the table.| Ryan Autullo / Bloomberg Law: |
Texas, which didn't join a multi-state case against Meta, negotiated a $1.05B side deal that could reach $1.335B if TikTok and YouTube adopt teen safety changes — A week before 47 states reached a $17 billion mid-trial settlement with Meta Platforms Inc. over claims it caused social media addiction … | Alexandra S. Levine / Bloomberg: |
More: Livemint, The Asia Business Daily, iPhone in Canada, CNBC, The Hill, Business Insider, Mobile Dev Memo, Breitbart, and Business Standard
X: @mikeisaac, @taylorlorenz, @blaw, @jason_kint, @ali_lev, @eric_seufert, @larakiara, @gergelyorosz, @mikeisaac, and @ashwinramaswami. LinkedIn: Alexandra Levine. Threads: @taylorlorenz
| Wall Street Journal: |
Trade unions threaten to withhold support for politicians opposing data center projects, warning that blocking the projects endangers building-related jobs — Trade unions threaten to withhold support for politicians, joining the building backlash — Much of the public outcry …
More: Townhall. X: @cafreiman, @amir, @scottmgreer, @rachaelrad, @niubi, @lindsayaellis, @freightalley, @matthewberman, @ashwinramaswami, @brad_polumbo, @drorpoleg, @amrithramkumar, @luke_metro, @pmddomingos, @adamkovac, and @saeverley. LinkedIn: Lindsay Ellis
Bluesky: @themallkrampus and @conorsen
Forums: r/moderatepolitics, r/Construction, r/politics, r/aiwars, r/accelerate, and r/neoliberal
| Financial Times: |
New AI-powered video tools have accelerated the surge in AI dramas in China; DataEye: 89 of the top 100 animated dramas on Douyin in May were AI productions — Online performers left jobless as new video-generation programmes sweep industry — Chinese actors and online influencers have a new rival … | Tim Ingham / Music Business Worldwide: |
Sony Music and Warner Chappell sue Anthropic, Dario Amodei, and Benjamin Mann, alleging tens of thousands of copyrighted songs were used to train Claude's LLMs — Sony Music Publishing and Warner Chappell Music have joined forces to sue Anthropic, home of Claude, over what the publishers call … | Summer Zhen / Reuters: |
Xiaomi and CXMT say the Xiaomi 18 Fold smartphone will debut CXMT's LPDDR6 DRAM chips, alongside Xiaomi's in-house 3nm Xring O3 SoC, launching in September — China's top memory chipmaker, CXMT (688825.SS), will supply its latest LPDDR6 DRAM chips for Xiaomi's upcoming flagship folding phone, the companies said on Saturday.
More: Digital Trends, XimiTime, Memeburn, NPowerUser, and Notebookcheck
X: @universeice, @folduniverse, and @jukan05
| Bloomberg: |
SK Hynix breaks ground for its $4B advanced memory chip packaging facility in Indiana, with mass production of next-generation HBM scheduled to begin in H2 2029 — SK Hynix Inc. held a groundbreaking ceremony Thursday for its advanced memory packaging facility in Indiana … | Financial Times: |
An analysis of the 50 largest bitcoin treasury companies by BTC holdings finds their combined market cap has plunged from $150B in July 2025 to just $67B now — Crypto hoarders have been selling tokens and reverting to former activities — More than $80bn has been wiped off the value … | Lauren McCarthy / New York Times: |
An appeals court rules states can regulate prediction markets, finding Kalshi's sports event contracts are bets, not swaps, and subject to state gambling laws — The outcome contradicted an earlier appeals court decision. Federal regulators said the split rulings called for resolution by the Supreme Court.
More: Ars Technica, Joe.My.God., Bloomberg Law, crypto.news, CNN, Las Vegas Review-Journal, PYMNTS, CNBC, The Information, The Daily Wire, Mashable, The Hill, CoinDesk, CBS News, American Banker, Associated Press, Quartz, New Republic, CoinGape, The Nevada Independent, Reuters, Bloomberg, NOTUS, and ABC Columbia
| Ben Jiang / South China Morning Post: |
Meituan reports Q2 revenue up 14.4% YoY to $15.62B and adjusted net profit of $372M, ending a three-quarter losing streak as the food delivery price war cooled — Revenue for the quarter rose 14.4 per cent year on year to 105 billion yuan, beating the consensus estimate of 101 billion yuan.| Vallari Sanzgiri / The Hindu BusinessLine: |
Jio Platforms, which owns India's largest carrier and counts Meta and Google as investors, gets regulatory approval to float India's largest-ever IPO of ~$4B — Debt repayment, strong cash flows underpin investor optimism around Jio IPO — Reliance Industries' digital arm Jio Platforms …
More: Bloomberg, MediaBrief, Business Today, Times of India, Inc42, Times of India, Reuters, The Indian Express, and The Hindu. X: @businessline
| Ayden Runnels / The Texas Tribune: |
Texas Gov. Greg Abbott orders state agencies to pause funding for Flock cameras; an investigation found an agency allocating $30M+ to build Texas' Flock network — The order came as The Texas Tribune was preparing to publish an investigation detailing how a state agency has devoted …
More: The Hill, USA Today, Fox News, Political.org, The Texas Tribune, and KQED
Forums: r/YAPms, r/texas, r/TexasPolitics, r/politics, r/technology, r/alpharetta, r/Marietta, r/Atlanta, r/Georgia, r/alpharetta, and r/FlockSurveillance
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