The Brutalist Report - tech
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- David Sacks says "Dario Amodei believes frontier AI is too powerful to distribute; we believe it is too powerful to centralize" after Amodei shared policy ideas (David Sacks/@davidsacks) [56d]
- Pornhub's parent company, Aylo, will pay $120M to settle two 2021 class action lawsuits in California and Alabama alleging it profited from child abuse material (Samantha Cole/404 Media) [57d]
- Sources: Crusoe is in IPO talks with at least four Wall Street banks, including JPMorgan, which is advising on its $3B pre-IPO fundraise set to value it at $35B (Alan Neuhauser/Axios) [57d]
- Opening arguments begin Tuesday in the state AGs' social media addiction lawsuit against Meta; New Mexico AG says the consequences could be "astronomical" (Jonathan Vanian/CNBC) [57d]
- BNPL lenders like Flex, Zip, and Affirm are now pitching loans for basic household needs; Americans spent $160B through pay-later loans in 2025, up 2x from 2023 (Stacy Cowley/New York Times) [57d]
- Sources: Anthropic's revenue run rate reached $65B by the end of July, up from $47B in May and $9B in late 2025 (Bloomberg) [57d]
- African defense tech company Terra Industries, founded in 2024, raised a $52M seed round from 8VC and others, and says it's on track to book $100M in contracts (Dominic-Madori Davis/TechCrunch) [57d]
- Sources: the US DOJ has been investigating a16z for nearly a year over whether its partners are improperly serving on the boards of competing AI companies (Bloomberg) [57d]
- Cursor says it is rolling out its code hosting service Origin in early beta on all paid plans, featuring support for repos, pull requests, GitHub sync, and more (Cursor) [57d]
- YouTube will start counting a view as soon as a video starts to play, from August 24, lining up with the system used by Instagram, TikTok, and its Shorts videos (Emma Roth/The Verge) [57d]
- Google wins a bankruptcy auction with a $10M bid to acquire deidentified business data, software code, and more from Spirit Airlines to improve its AI models (James Nani/Bloomberg Law) [57d]
- Nvidia's $500B funding package announcement for AI infrastructure follows SEC's July guidance that confirmed looser restrictions for data center securitizations (Tobias Burns/CNBC) [57d]
- Monzo chair Gary Hoffman is leaving after some of Monzo's biggest shareholders called for his removal following the board's decision to remove TS Anil as CEO (Simon Foy/Financial Times) [57d]
- A German regulator says Apple will make changes to ATT after finding it gave Apple's apps more favorable consent prompts than those of third-party developers (Reuters) [57d]
- Microsoft says GitHub is down worldwide, with the GitHub website, API, Actions, Pull Requests, and other services impacted; the outage started at 13:40 UTC (Mayank Parmar/BleepingComputer) [57d]
- No new articles in the Past 24 Hours.
- Kraken parent Payward joins Anthropic’s Project Glasswing for AI security push [56d]
- Saylor says share buyback isn’t priority as Strategy builds $4.8 billion cash reserve [57d]
- BitMart founder dismisses calls for audit as users report blocked funds, unpaid employees [57d]
- Compound bets $52 million, new leadership team in switch to institutional focus [57d]
- U.S. Treasury Department proposes GENIUS Act stablecoin rule [57d]
- The Coldcard hack proves reputation is not a security model [57d]
- Tom Lee's Bitmine now owns 4.8% of Ethereum supply after latest ETH purchase [57d]
- How a bug in Coldcard’s code went unnoticed for years, leading to $100 million in hacked funds [57d]
- No change in bitcoin holdings as Strategy boosted dollar reserve, bought back more STRC last week [57d]
- Ethereum’s next big upgrade has 66 proposals, including a major privacy fix [57d]
- Israel’s largest crypto broker Bits of Gold hit by data breach affecting 200,000 customers [57d]
- Bitcoin options remain expensive despite summer calm. Here's why it matters [57d]
- Bitcoin's biggest holders, Strategy and Metaplanet, are betting on math, not price [57d]
- Bitpanda fined €70,000 in Austria’s first published MiCA enforcement case [57d]
- Bitcoin tracks equity bounce, but $390 million ETF outflow week keeps bulls on back foot [57d]
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