Techmeme
August 20, 2026, 11:20 AM

Top News

Erin Griffith / New York Times:
Stripe agrees to acquire NYC-based OpenRouter; a source says Stripe is paying $7.5B, with $1.5B going to the startup's founders and $6B to its investors  —  The deal is significant for the artificial intelligence industry, uniting Stripe's payments business with OpenRouter's helping businesses direct their spending on A.I. models.
Axios:
Jess Weatherbed / The Verge:
Michael Martina / Reuters:
Bloomberg:
Luz Ding / Bloomberg:
Alibaba reports Q1 revenue up 9% YoY to ~$39.64B, meeting est., and net income down 75% to ~$1.54B due to heavy AI spending and weak domestic retail consumption  —  Alibaba Group Holding Ltd.'s profit plunged more than 75% after the Chinese company ratcheted up quarterly capital spending …
Bloomberg:
Trump urges Congress to pass the Clarity Act at a White House event with execs, including the CEOs of Coinbase and Robinhood; the bill has stalled in the Senate  —  President Donald Trump pressed Congress to pass digital asset market structure legislation that is a top priority for the industry …
Reuters:
Former Facebook Director of Engineering Arturo Béjar testifies that Mark Zuckerberg prioritized Facebook and Instagram's growth and engagement over child safety  —  A former engineering director at Meta Platforms (META.O) testified on Wednesday that CEO Mark Zuckerberg fostered a culture …
Lucas Shaw / Bloomberg:
Sources: YouTube is offering top creators millions to post videos exclusively on YouTube for a period and will penalize those that post to Netflix concurrently  —  YouTube will pay creators to post their videos to YouTube before any other service.  If creators post to YouTube and Netflix at the same time, they will face consequences.
Jagmeet Singh / TechCrunch:
Binance launches Agent OS, a platform that lets AI agents analyze markets and execute trades on users' behalf; users have to limit AI agents' access and trades  —  Binance, the world's largest crypto exchange with more than 300 million registered users, on Thursday launched a platform …
Bloomberg:
London-based Callosum, whose software matches AI tasks with models and chips, raised a $100M seed led by Atomico; the UK's Sovereign AI Fund also invested  —  Callosum, a startup that makes software to match specific artificial intelligence tasks with different models and chips …
CNBC:
Sources: OpenAI CFO Sarah Friar told employees at an all-hands that OpenAI “will be a public company in 2027”, or sooner if “our business continues to inflect”  —  OpenAI CFO Sarah Friar told employees during an all-hands meeting on Wednesday that the artificial intelligence lab …
Iain Martin / Forbes:
Filing: in 2025, TikTok posted its first net profit of $702.5M in Europe, Africa, and Latin America on $9.1B in revenue, up 45.7% YoY  —  TikTok's operations in Europe, Africa and Latin America saw revenues jump 45.7% to $9.1 billion and turn its first profit but the Chinese-owned social network …
Yoolim Lee / Bloomberg:
South Korea media: SK Hynix and its union reach a tentative deal on a 6.3% wage hike and paying out 60% of profit-sharing bonuses in shares and 40% in cash  —  SK Hynix Inc. and its labor union have reached a tentative wage and collective bargaining agreement, featuring a 6.3% salary increase …
Julia Hornstein / The Information:
Anthropic-backed enterprise AI venture Ode is acquiring four-year-old AI consultancy Casper for an undisclosed fee; Ode has 100+ staff after buying Fractional  —  A joint venture established by Anthropic and Wall Street firms such as Blackstone has made its first acquisition since its July launch …

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More News

Robert Purchese / Eurogamer.net:
Cecilia Kang / New York Times:
Bloomberg:
Wall Street Journal:

Earlier Picks

Amanda Caswell / Tom's Guide:
Bloomberg:
Emma Roth / The Verge:
Ina Fried / Axios:
Matt Day / Bloomberg: