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Latest Tech Updates
- BitGo agrees to buy NYDIG's institutional trading business and related assets, expanding BitGo's derivatives offerings; ~30 NYDIG employees are joining BitGo (Tanaya Macheel/CNBC)
- Sources: federal authorities prepare to charge a US serviceman and a KPMG employee with insider trading on prediction markets, as part of a new batch of cases (Dave Michaels/Wall Street Journal)
- Sources: Advent and Stripe are no longer pursuing a deal to acquire PayPal; the group offered to pay $60.50/share in July, valuing PayPal at $53B (Bloomberg)
- A US judge blocks the Pentagon from blacklisting Anthropic, ruling that its designation as a supply-chain risk was "illegal and baseless" (Jack Queen/Reuters)
- CISA says that cyberattacks on critical US infrastructure targeted 100+ internet-exposed water and wastewater systems in July, largely attacking PLCs (Zack Whittaker/TechCrunch)
- Workday reports Q2 revenue up 12.8% YoY to $2.65B vs. $2.63B est., and total subscription revenue backlog up 8% YoY to $27.4B, vs. $28.6B est. (Brody Ford/Bloomberg)
- Sources: Cognition is generating ~$900M in annualized revenue, up more than 3x since the start of the year, and executives project it will end 2026 with $1.5B+ (The Information)
- Uber says weekly AI agent requests have grown 9.4x since February, but total AI spending has stayed stable since April, after using up its 2026 AI budget in Q1 (Madison Mills/Axios)
- Overcooked? Why robotic pizza makers are failing
- Sources: the FTC has been investigating whether YouTube broke consumer protection laws by violating its own policies when suspending accounts or banning content (Bloomberg)
- Sources: Nvidia paused some deals with AI cloud providers in the revenue-sharing program it announced in July; Nvidia says the program is still in place (Wall Street Journal)
- Time is running out for cyber security, warn top tech firms
- Reform of all social media should come with Meta changes, UN says
- What the Meta settlement means for the UK, and other questions after the deal
- Unexpected chat between OpenAI agents led to Hugging Face hack