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August 29, 2026, 4:05 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, The American Bazaar, Reuters, Bloomberg, Wccftech, Mashable, Cyber Security News, Nairametrics, iPhone in Canada, Manton Reece, CoinGape, Trending Topics, The Decoder, Neowin, Latent.Space, TESLARATI, MacDailyNews, and RuntimeWire
X: @openai, @nottombrown, @amasad, @yuchenj_uw, @bentlegen, @isidentical, @deredleritt3r, @teortaxestex, @quinnypig, @edzitron, @clairevo, @antoniogm, @basedtorba, @mikeisaac, @imjaredz, @weswinder, @yuchenj_uw, @jumperz, @theo, and @thsottiaux
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 …
| 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 …
More: TechCrunch, The Verge, Thurrott, Axios, Business Insider, NewsMax.com, RuntimeWire, and Unite.AI
| 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.| 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 … | Ann Davis Vaughan / The Information: |
Job listings and other indicators: SpaceX is working on a Bastrop, TX foundry to build blades for large gas turbines, which could ease its AI power crunch — Clues are emerging that Elon Musk intends to bypass the power supply chain for AI data centers in a way others assumed was impossible … | 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: @amir, @matthewberman, @drorpoleg, @lindsayaellis, @cafreiman, @scottmgreer, @rachaelrad, @niubi, @freightalley, @ashwinramaswami, @brad_polumbo, @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
| @claudedevs: |
Anthropic will “permanently” raise weekly Claude Code limits by 25% on Sept. 14 for most plans, which will work out a 17% reduction, given the current 50% boost — Starting September 14, we're permanently raising standard weekly limits in Claude Code by 25% for Pro, Max, Team, and seat-based Enterprise plans. Until then, the current 50% increase will be in place.
| 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 … | 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, Memeburn, XimiTime, NPowerUser, and Notebookcheck
| 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 … | 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, Business Today, MediaBrief, Times of India, Inc42, Times of India, Reuters, The Indian Express, and The Hindu. X: @businessline
| 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: Engadget, Ars Technica, The Crypto Times, Bloomberg Law, Joe.My.God., 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, NOTUS, Bloomberg, and ABC Columbia
Sponsor Posts
Command Line:
Azure Content Understanding: Building on lessons from a decade of Document Intelligence — What a decade of teaching machines to read real-world documents taught us about what LLMs can and can't do.
Azure Content Understanding: Building on lessons from a decade of Document Intelligence — What a decade of teaching machines to read real-world documents taught us about what LLMs can and can't do.
Will Reed:
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Zoho:
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Training Data:
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Invest Like the Best:
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The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
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Cheeky Pint:
Muse Wonder: Zuckerberg and Wang's $100B AI
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Lenny's Podcast:
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Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
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Big Technology Podcast:
Meta & Microsoft's Claude Slowdown, His Agent Leaked His Banking Info, Don't Bully Your AI
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Sources:
Qualcomm's CEO on the coming AI phone supercycle
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
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