• OpenRouter users spent more on OpenAI's models than on Anthropic's in the week of September 7, the first time that happened since the week of February 26, 2024 (@openrouter)
• Pulley, which offers cap table management software, says it will cease operations after December 8; it had raised $50M+ from investors, including Founders Fund (Melia Robinson/Business Insider)
• At the Future of Life Institute's Pro-Human Assembly, Bernie Sanders, Steve Bannon, and others called for tighter restrictions on AI and denounced tech CEOs (New York Times)
• During a Salesforce event, Jensen Huang says the AI industry doesn't need any new laws or regulations and market forces will help companies safely innovate (Brody Ford/Bloomberg)
• Crypto exchange CoinEx says it is closing, citing a lengthy downturn and rising compliance costs; a report said it moved $3B+ for Iran-linked wallets since 2019 (Dylan Tokar/Wall Street Journal)
• The Senate fails to advance the Clarity Act, dealing a major blow to the crypto industry's push for a comprehensive market structure framework (CNBC)
• CADDi, which sells AI tools to help manufacturers organize engineering and production data, raised a $114M Series D at a $1.2B valuation, up from $470M in 2025 (Jeremy Kahn/Fortune)
• Google launches Gemini 3.8 Live and Gemini 3.8 Live Extended Thinking, its "most advanced live dialogue models yet", to more effectively enable voice agents (Google)
• Some developers are using the Claude Code harness to access cheaper non-Anthropic models, such as OpenAI's GPT-5.6 Sol, via proxies and services like OpenRouter (Alix Coutures/The Information)
• Thatch, a healthcare plan marketplace where employers set a fixed budget that employees can use for individual plans, raised a $108M Series C at a $1B valuation (Marina Temkin/TechCrunch)
• UMG sues DistroKid, alleging it distributes AI-generated music masquerading as artist-backed releases and knowingly "proliferates" copyright-infringing tracks (Tim Ingham/Music Business Worldwide)
• Factory, whose AI coding agents, called Droids, switch between models depending on a task's complexity, raised $200M at a $5B valuation, up from $1.5B in April (Angel Au-Yeung/Wall Street Journal)
• Sources: Palmer Luckey-backed Erebor Bank ended its free stablecoin-to-cash redemption offer after crypto trading firms like Wintermute used it for arbitrage (The Information)
• DoorDash agrees to acquire Wonder's Grubhub Campus Dining business, formerly Tapingo, for $300M, and will add $125M to Wonder's $650M Series D announced in July (Amanda Silberling/TechCrunch)
• Sources: in August, the US Commerce Department ordered Kalshi to take down its AI compute futures product, citing national security concerns and Kalshi complied (Semafor)
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