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Every weekday we send you summaries of the latest fundraises, interviews and tech news in Silicon Valley from TBPN — technology's daily show.

Mon, Jul 20
Tue, Jul 21

FUNDRAISING ANNOUNCEMENTS

  • Augustus raises $180M Series B at $1B valuation to build AI-native correspondent bank and dollarize the world
  • Dimension closes $800M Fund III to back frontier science and compute, including AI drug discovery and next-gen semiconductors
  • CuspAI raises $450M to build an AI-powered materials discovery platform targeting the semiconductor industry

GUEST INTERVIEWS

  • Light Phone launches the Light Flip, a $299 minimalist flip phone for users fleeing the attention economy
  • Substack partners with Pangram to fight AI slop with content detection — Chris Best explains the Claude-fishing problem
  • Whop CEO Steven Schwartz on the CLI launch, $500M monthly creator earnings, and ephemeral internet entrepreneurship
  • Katie Roof joins Business Insider as it pivots to scoop-driven journalism under new editor-in-chief Jamie Heller

COMMENTARY

  • US vs. China AI: open-weight models, distillation allegations, and the regulatory capture debate