Moonshot AI told investors it topped $1B ARR in August, up
Sources: Moonshot AI told investors it topped $1B ARR in August, up from $300M in June, driven by its Kimi K3 release; it aims to hit $2B ARR by the end of 2026
TL;DRChinese AI startup Moonshot AI hit $1B annual revenue in August, aiming for $2B by end of 2026.
Why it matters: Demonstrates rapid monetization of frontier AI models outside the U.S., signaling shifting competitive dynamics in the AI market.
former OpenAI executive Fidji Simo joins the board of directors at AI
TL;DRFormer OpenAI executive Fidji Simo joins AI infrastructure startup Nscale's board.
OpenAI says it's no longer sponsoring Caltech's math hackathon, where
TL;DROpenAI dropped sponsorship of Caltech's math hackathon after backlash over AI-generated low-quality math.
Latest
Palantir Foundry and cuOpt drive NVIDIA supply chain allocation
NVIDIA uses Palantir software to automate global chip supply chain decisions.
Source and draft press release: the Trump admin will lend $100M
US government lending $100M to American telecom company in Africa to compete with Huawei.
Open-Source AI Reading List
Curated guide to understanding open-source AI models and their impact.
A US court sentences Ukrainian Oleksii Lytvynenko
Ukrainian man gets four years for helping run Conti ransomware operation.
The Download: biotech’s future and cheaper, cleaner steel
MIT spotlights young biotech innovators and explores cheaper, cleaner steel production methods.
Anthropic Says US Adversaries Aimed Claude at Weapons Research
Anthropic detected adversaries trying to use Claude AI for weapons development research.
AI Shows Tentative Signs of Lifting Britain Out of Its Slump
UK economy unexpectedly grew; AI investment may be contributing factor.
Arizona’s lifeline for chip manufacturing is drying up
Arizona's water shortage threatens chip factories that need massive amounts of water to operate.
Packard Bell is back, but there's a catch
Acer revived the defunct Packard Bell brand for new computers.