Anthropic Beats OpenAI in Revenue for First Time

Anthropic’s sales topped those of OpenAI for the first time in the second quarter, The Wall Street Journal reported Tuesday (Aug.…

• 18), citing figures obtained from unnamed sources.
• OpenAI told investors that its revenue grew by 18% in the second quart…
• The company’s second quarter revenue reached $6.

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PointsKash Secures Capital Commitment After Beginning Rollout of Crypto ATMs

FinTech PointsKash has secured a strategic capital commitment of up to $100 million from Hawk Capital Advisors to support the national rollout of its FinTech, payments, loyalty rewards and digital commerce offerings, PointsKash said in a Wednesday (Aug.…

• 12) press release.
• PointsKash is developing physical and digital platforms to create a fl…
• The company plans to build an integrated financial ecosystem around it…

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Mozilla Tests an AI 'Smart Window' in Firefox—But Only If You Opt In

The optional window puts an assistant of your choice next to your tabs, with a switch to disable it.

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Pennsylvania Cracks Down on AI Data Centers as Backlash Grows

Gov. Josh Shapiro ordered new restrictions on large data centers aimed at shielding residents from higher electricity costs and giving communities more control over proposed projects.

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Brands Are Losing Shelf Space to AI Algorithms

Tesco has spent three decades learning what more than 24 million U.K.households buy through its Clubcard loyalty program.…

• Now the grocer is testing what happens when artificial intelligence st…
• Tesco’s pilot is a meal-planning assistant, built with U.
• AI consultancy Tomoro, that suggests recipe ideas based on a customer’…

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Cursor capitalizes on Github frustration, launches rival hosting platform

Cursor, known for its AI Code Editor, is launching a new code hosting platform to rival developers' long preferred favorite, Github.

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TikTok App Code Suggests Exploration of Peer-to-Peer Payment Feature

TikTok is exploring a feature that would enable peer-to-peer payments between users via direct messages, Bloomberg reported Tuesday (Aug.…

• Evidence of the feature was found inside code in the current version o…
• app, according to the report.
• The code suggests that senders can include a message with the payments…

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Rare Books Traced to Amazon AI Training Facility to Be Scanned and Destroyed

A tracking device planted in a book order ended at a Las Vegas facility where Amazon strips bindings to scan pages for training data.

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FBI Plans $88M AI Infrastructure Investment

The FBI plans to spend as much as $88 million on artificial infrastructure to expand its AI capacity, Fedscoop reported Tuesday (Aug.…

• 18), citing procurement documents.
• The bureau is looking to procure servers, equipment and other hardware…
• The FBI also aims to bring Google’s Gemini AI model on-premises with a…

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Arguing With People on X May Get You More Posts You Hate as Algo Feeds on Ragebait

X’s algorithm may turn argumentative replies into a feedback loop that serves users more content that clashes with their values, with the effect stronger among Democrats, researchers found.

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Solana Policy Institute CEO says Clarity Act in ‘August recess purgatory,’ gives it 10% odds before midterms

Solana Policy Institute CEO says Clarity Act in ‘August recess purgatory,’ gives it 10% odds before midterms

• Solana Policy Institute CEO says Clarity Act in ‘August recess purgatory,’ gives it 10% odds before midterms

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Currency Just Became Treasury’s Newest Superpower

A global business shouldn’t have to choose between local checkout for its customers and manageable treasury for its chief financial officer.…

• For years, the cross-border payments industry has worked toward the go…
• FinTechs and banks have attacked that friction, and compared with the …
• But a payment can cross a border almost instantly and still leave a co…

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DOJ’s probe into Andreessen Horowitz over board seats baffles VCs

Since portfolio companies often pivot and expand into competing markets, investors view occasional conflicts of interest as unavoidable for large VC firms.

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Kraken Brings Multi-Asset Debit Card to US Market

Kraken has launched its multi-asset debit card, Krak Card, in the United States, about eight months after introducing the card in the United Kingdom and the European Economic Area (EEA), the company said in a Tuesday (Aug.…

• 18) press release.
• The Krak Card allows customers to store money across more than 600 cur…
• dollars or bitcoin, according to the release.

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TikTok explores peer-to-peer payments via DMs, report says

If rolled out, the feature would use the social media service’s TikTok Pay offering, which is already available in Southeast Asia for TikTok Shop purchases.

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SEC Proposes Crypto Fundraising Exemptions in Abrupt About-Face

The proposed rules would let crypto projects raise capital through token sales without full securities registration and create a path for tokens to separate from investment contracts.

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White House crypto adviser Patrick Witt says he is ‘optimistic and bullish’ on Clarity Act as stablecoin fight resurfaces

White House crypto adviser Patrick Witt says he is ‘optimistic and bullish’ on Clarity Act as stablecoin fight resurfaces

• White House crypto adviser Patrick Witt says he is ‘optimistic and bullish’ on Clarity Act as stablecoin fight resurfaces

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Dead Airline’s Emails Just Became a $10 Million AI Prize

Spirit Airlines shut down in May, its second Chapter 11 bankruptcy in two years, leaving behind planes, airport slots and a loyalty program to be sold off piece by piece.…

• Google wanted none of that.
• Instead, it paid $10 million at auction for something airlines rarely …
• 14 notice filed in the U.

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Large Holders Pour $2.75 Billion into Bitcoin After Months of Selling

After months of selling bitcoin, large holders have bought about 43,000 of the coins over the past 60 days, Bloomberg reported Tuesday (Aug.…

• 18), citing data from CryptoQuant.
• Those coins are worth about $2.
• 75 billion at current prices, according to the report.

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eCommerce Takes 17.1% of Retail Sales as Online Growth Accelerates

For every $100 Americans spent at retailers in the second quarter, $17.…

• 10 went through eCommerce, extending a gradual but persistent redirect…
• 1% share reported for the second quarter of 2026 by the U.
• Census Bureau in its “Quarterly Retail E-Commerce Sales” report was up…

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Ripple CLO says Sept. 15 will be a ‘bellwether’ for Clarity Act market structure bill

Ripple CLO says Sept. 15 will be a ‘bellwether’ for Clarity Act market structure bill

• Ripple CLO says Sept. 15 will be a ‘bellwether’ for Clarity Act market structure bill

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Markets Confident OpenAI Releases Its Next AI Model in Weeks

Traders are betting OpenAI's next frontier model lands within weeks—even after the company pumped the brakes.

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SEC proposes new crypto offering rules as Congress stalls on digital asset legislation

SEC proposes new crypto offering rules as Congress stalls on digital asset legislation

• SEC proposes new crypto offering rules as Congress stalls on digital asset legislation

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Trump Family Crypto Firm Tied to Chinese AI Models US Government Called a Security Risk

WorldClaw accepts World Liberty’s USD1 stablecoin while offering AI models from Chinese companies facing U.S. national security restrictions.

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