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Lovable reportedly in talks to double its valuation to $13.2B
NewsAugust 13, 20261 min read

Lovable reportedly in talks to double its valuation to $13.2B

Lovable, a Swedish vibe-coding startup, is in talks to raise $300 million at a valuation of $13.2 billion — exactly double the $6.6 billion valuation the company achieved last December,…

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Despite ‘misgivings,’ judge approves Elon Musk’s $1.5M SEC settlement
NewsAugust 13, 20262 min read

Despite ‘misgivings,’ judge approves Elon Musk’s $1.5M SEC settlement

A judge has approved a $1.5 million penalty levied against Elon Musk that will settle a U.S. Securities and Exchange Commission lawsuit despite having “significant misgivings” about it. U.S. District…

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Truecaller clashes with India’s telecom regulator over anti-spam rules
NewsAugust 13, 20263 min read

Truecaller clashes with India’s telecom regulator over anti-spam rules

Truecaller has opened a public fight with India’s telecom regulator over rules governing caller ID apps, saying the country’s anti-spam framework is making it harder to protect consumers from unwanted…

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Nandan Nilekani leaves GP role at Fundamentum as it launches $200M third fund
NewsAugust 13, 20264 min read

Nandan Nilekani leaves GP role at Fundamentum as it launches $200M third fund

Nandan Nilekani, co-founder of Indian IT services giant Infosys, will no longer serve as a general partner at Fundamentum Partnership, the venture capital firm he co-founded nearly a decade ago.…

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Character.AI enters the microdrama arena with its own productions, but there’s a twist
NewsAugust 13, 20262 min read

Character.AI enters the microdrama arena with its own productions, but there’s a twist

Microdramas are such a rage these days that nearly every kind of company in the attention economy space — be they dedicated microdrama apps, social media giants (TikTok and Instagram)…

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Popular open source AI developer tool Ollama raises $65M, grows to nearly 9M users
NewsAugust 13, 20264 min read

Popular open source AI developer tool Ollama raises $65M, grows to nearly 9M users

The popular open source AI tool Ollama has raised a $65 million Series B, led by Theory Ventures, founder and CEO Jeff Morgan tells TechCrunch.   This round follows a previous…

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Anthropic, OpenAI, and SpaceX are bigger than the last 25 years of tech exits
NewsAugust 13, 20262 min read

Anthropic, OpenAI, and SpaceX are bigger than the last 25 years of tech exits

We’ve talked before about the hot IPO summer, but with SpaceX just launched to public markets and Anthropic and (maybe) OpenAI soon to come, it can be easy to miss…

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Anthropic’s new Claude feature is quietly selling you on AI
NewsAugust 13, 20263 min read

Anthropic’s new Claude feature is quietly selling you on AI

At a time when AI backlash and data center protests are making headlines, Anthropic’s Claude is rolling out a new feature that subtly makes the case for why you should…

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Block reaches $45M settlement with 46 states over Cash App fraud probe
NewsAugust 13, 20262 min read

Block reaches $45M settlement with 46 states over Cash App fraud probe

Block has agreed to pay $45 million to settle claims brought by 46 U.S. states alleging that its peer-to-peer payments app, Cash App, failed to adequately protect users from fraud.…

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Nvidia is a victim of the compute marketplace it created
NewsAugust 13, 20264 min read

Nvidia is a victim of the compute marketplace it created

Long the leading light of the industry, Nvidia has had a bad couple of months. Bloomberg has the ugly details, but the upshot is that the company’s stock price has…

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