Companies, products, and big moves
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SemiAnalysis has acquired Citrini Research, the thematic investment-research outfit founded by James van Geelen, for an undisclosed sum — and van Geelen is reportedly planning to launch a new fund. Bloomberg first reported the deal. Van Geelen stays on as Citrini's CEO, which suggests the research brand survives
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Funding news leads the afternoon, and it comes with a government's fingerprints on it. Then Suno ships its first music models built alongside the labels it once fought. Cohere is in advanced talks to raise between $2 billion and $3 billion at a $20 billion valuation, with the
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RDC26 is the day's main event: Roblox is rewriting where its games can live. Also below — Chengdu drafts a subsidy for your token bill, and Meta's next headset shows its face early. Roblox used its developer conference to hand creators AI building tools — and, more strategically,
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The friction between AI and its neighbors is getting legal teeth this midday: a lab retreats from academia's loudest critics, an infrastructure startup hires a lab's alumni for its IPO run, and a Chinese court puts a prison term on jailbreaking a model. OpenAI has withdrawn
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Two kinds of trust shipped today: a Fields Medalist building the mathematics of "safe", and two Chinese platforms engineering agents that can explore without breaking things. **Jacob Tsimerman, who won math's Fields Medal in July, is founding an institute whose whole premise is that AI safety
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Shanghai, Inclusion·The Bund Summit: Ant Group's Alipay moved AI payments from "agents can pay" to "agents can pay trustworthily", and the demo that stole the show has four legs. **Alipay put a payment rail inside a robot dog — and a trust layer around
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The same week Anthropic accused Moonshot of secretly routing Kimi users to Claude, the Beijing lab quietly filed for what may be the most closely watched Chinese AI IPO in years. Moonshot AI has confidentially filed for a Hong Kong IPO that could raise $3 billion at a valuation near
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Y Combinator CEO Garry Tan says he would "do nothing" about Chinese labs distilling American frontier models — a direct counter to the loudest story in AI right now. Speaking with CNBC at YC's Demo Day, Tan argued the right goal for a regulator isn't
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Oracle's quarter was the strongest argument yet that AI infrastructure demand is not a bubble story on its own numbers — and the stock still owes its future to a single customer. The software giant reported fiscal Q1 results on Thursday with cloud infrastructure revenue up 121% year over
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OpenAI hit the one problem every other subscription business dreams of — too many people willing to pay — and responded by telling new customers to wait. Two days after the most hype-heavy launch window in the company's history, the $200 Pro tier is closed to new sign-ups,
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OpenAI picked a new vertical, the bank for central banks picked a fight with the AI capex boom, and Wall Street is bracing for the biggest IPO window in years. Three stories, one theme: AI and money are now the same conversation. OpenAI has launched ChatGPT for Financial Services, a
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An AI filmmaking agent has its first scoreboard, and the winner comes from short-form drama, not Hollywood. Plus: Amazon wants you shopping while you stream. Dashverse's Frameo scored 88.7 out of 100 on Physion Labs' Arc v1.0 Movie benchmark — a margin of nearly twenty