Lovable Raises $400 Million as Tencent Backs European AI
Lovable, the Swedish startup that lets people build software by describing it in plain language, has closed a $400 million Series C round at a $13.3 billion valuation, TechCrunch confirmed…
SK Hynix to Break Ground on Indiana Plant as Labor Talks Stall at Home
SK Hynix will hold a groundbreaking ceremony on Aug. 27 for its chip packaging plant in West Lafayette, Indiana, the Korean memory maker said, moving forward with a roughly $3.9…
AI Coding Startup Cognition in Talks at $40 Billion Valuation
Cognition, the startup behind the AI coding agent Devin, is in talks with investors about a new funding round at a valuation of about $40 billion, according to people familiar…
Tesla Files for $10.1 Billion Solar Factory in Texas
In a tax-incentive application posted by the Texas Comptroller, Tesla has laid out plans for the largest manufacturing investment it has ever put on paper: a $10.1 billion solar factory…
Twitch Will Use Streamers’ Videos to Train Amazon’s AI Models
Mike Minton, the chief product officer of Twitch, was live on the platform when he addressed the policy that had streamers angry all week. The company had announced that it…
IBM Brings OpenAI’s GPT-5.6 to Its Enterprise Customers
IBM said on Aug. 13 that it had reached an enterprise AI agreement with OpenAI, giving its corporate customers access to GPT-5.6 inside IBM’s own platform. The deal pairs the…
Microsoft Trims China Consumer Business, Keeps AI Door Open
Microsoft is scaling back its consumer business in China but keeping a window open for AI, Reuters reported on Aug. 13, citing people familiar with the company’s plans. The move…
Meta Faces First State Trial Over Teen Social Media Harms
In a federal courtroom in Oakland, prospective jurors were asked on Wednesday about their own scrolling habits, their children’s use of social media, and whether they could set aside strong…
SpaceX Weathers First Lockup Test as Starlink Reaches Vietnam
On Aug. 6, more than 911 million SpaceX shares came out of their first lockup, roughly doubling the number of shares available to trade in a single session. By every…
Anthropic Prepares for October IPO as Investors Float $2 Trillion Value
In the past week, Anthropic’s investors have been making their case to anyone who will listen: the maker of the Claude AI models is worth $2 trillion. The Financial Times…
