Reading List

The most recent articles from a list of feeds I subscribe to.

Bengaluru-based Stable Money, whose app lets users invest in fixed deposits and corporate bonds, raised $25M at a $175M valuation, taking total funding to $65M (The Economic Times)

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Sources: Ineffable Intelligence, founded by Google DeepMind's ex-Principal Scientist David Silver, is raising a $1B seed led by Sequoia at a $4B valuation (George Hammond/Financial Times)

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Nvidia says it is working with Peak XV and other VC firms in India to fund AI startups; over 4,000 Indian AI startups have joined its global startup program (Dylan Butts/CNBC)

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Yotta says it is investing $2B to deploy Nvidia's Blackwell B300 GPUs at its Noida data center campus in India to create one of Asia's largest AI superclusters (Himanshi Lohchab/The Economic Times)

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Perplexity says it has no plans to further pursue ads, which it introduced in 2024, after phasing them out in late 2025 over fears they would erode user trust (Cristina Criddle/Financial Times)

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Tesla agrees to stop using the term "autopilot" to market its electric vehicles in California to avoid a 30-day suspension by the state's DMV (Rachel Swan/San Francisco Chronicle)

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YouTube fully restores its services after resolving after a brief outage starting at around 7:45pm ET due to a recommendations system issue (Ben Schoon/9to5Google)

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Anthropic expects to pay Amazon, Google, and Microsoft $80B+ total to run its models on their servers through 2029, plus an additional $100B for training costs (The Information)

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Emergent, which offers an AI-powered software development service, says it is generating annual run-rate revenue of $100M+, just eight months after launch (TechCrunch)

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Amazon shares close up 1.2%, snapping a nine-day slide that wiped out $450B+ in market valuation over concerns about Amazon's plan to spend $200B in 2026 capex (Annie Palmer/CNBC)

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Filing: Nvidia unloaded 1.1M Arm shares, worth about $140M based on Arm's closing price on Tuesday, sometime in Q4, bringing Nvidia's stake to zero (Ian King/Bloomberg)

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Google signs a power purchase agreement with Ormat to supply up to 150 MW of geothermal energy to its Nevada data centers through NV Energy starting in 2028 (Lauren Rosenthal/Bloomberg)

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Sources: Western Digital plans to raise $3.09B by selling a Sandisk stake at $535-$555/share, a 9.4% discount to Tuesday's close; the offering is oversubscribed (Anthony Hughes/Bloomberg)

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Palo Alto Networks reports Q2 revenue up 15% YoY to $2.6B, vs. $2.58B est., and projects Q3 adjusted EPS below estimates; PANW drops 7%+ after hours (Elias Schisgall/Wall Street Journal)

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Quantum computing company Infleqtion closed at $15.59 in its trading debut, up ~9% from its opening price of $14.25, after merging with a Michael Klein-led SPAC (Mackenzie Tatananni/Barron's Online)

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Sources: AI legal software startup Legora is in talks to raise $400M at a $5B+ valuation, after raising $150M in October 2025 at a $1.8B valuation (Forbes)

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Stripe's stablecoin firm Bridge wins conditional approval from the US OCC to form a national trust bank, which would allow it to issue and manage stablecoins (Krisztian Sandor/CoinDesk)

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Meta commits to buy millions of Nvidia Blackwell and Rubin GPUs in a multiyear deal; source: Meta's in-house AI chip strategy has suffered technical challenges (Financial Times)

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Source: Benchmark's 2020 fund is now worth 10x+ and 2024 fund is 3x what investors put in, based on cash distributions and the paper value of its investments (Natasha Mascarenhas/Bloomberg)

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Benchmark hires Jack Altman, the founder of Alt Capital and Lattice, as its fifth general partner; three Alt Capital team members will join him at Benchmark (The Information)

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