With SpaceX just pulling off the biggest IPO in history and Anthropic and OpenAI widely expected to follow, these school funds could be sitting on the next windfall. <\/p>\n
Here\u2019s what else moved tech and money today.<\/p>\n
Want to send thoughts or suggestions to\u00a0Fortune Tech?\u00a0Drop a line\u00a0here<\/a>.<\/p>\n Nvidia wants your pension fund in the AI trade Nvidia announced partnerships<\/a> this week with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to build financing platforms aiming to mobilize more than $500 billion for AI infrastructure\u2014with the cash coming largely from \u201cthird-party investors\u201d rather than Nvidia\u2019s own balance sheet. Nvidia CEO Jensen Huang framed it as treating AI compute like \u201cproductive infrastructure,\u201d even offering residual-value support of up to 25% on some deals to sweeten the pitch.<\/p>\n Wall Street mostly likes it\u2014Morgan Stanley and Bank of America both called Nvidia\u2019s chips unusually financeable. But Stratechery\u2019s Ben Thompson isn\u2019t fully sold, warning it\u2019s \u201ca completely new nerve-racking thing to bring safety-seeking assets to bear\u201d on a pile of GPUs.\u00a0\u2014Eva Roytburg<\/p>\n Apple taps an airline lobbyist to run its D.C. relationship<\/p>\n Apple hired<\/a> Nate Gatten (American Airlines’ head of government affairs<\/a> since 2017, and a Republican with prior stints at JPMorgan and Fannie Mae) as its new vice president of government affairs, starting Aug. 31. He\u2019ll report directly to Tim Cook<\/a>.\u00a0<\/p>\n The hire may be Apple angling for a lobbyist who can align with the Trump administration. And it lands just weeks before Cook hands the CEO title<\/a> to hardware chief John Ternus in September while staying on as executive chairman\u2014a role in which he’s expected to also mingle with the D.C. crowd.\u00a0\u2014Lily Mae Lazarus<\/p>\n Sergey Brin’s fingerprints on Google’s AI shakeup<\/p>\n Sergey Brin has reportedly<\/a> spent months personally pushing Google DeepMind<\/a> staff to move faster on Gemini, as Anthropic pulled ahead with its Claude Mythos preview, according to Reuters. Google allegedly delayed its next flagship, Gemini, by two months after internal testing showed its coding still lagged rivals. And last week’s shakeup<\/a> handed day-to-day authority from DeepMind chief Demis Hassabis to his deputy, Koray Kavukcuoglu, who now has final say on major DeepMind decisions and reports to CEO Sundar Pichai.<\/p>\n The move marks a further erosion<\/a> of DeepMind’s independence since Google bought the London lab in 2014, with some teams shifting into corporate Google. But other top talent\u2014including Gemini’s original co-leads Jeff Dean and Oriol Vinyals\u2014have headed out<\/a> the door. \u2014Lily Mae Lazarus<\/p>\n More tech<\/p>\n \u2014Vibe-coding startup Lovable raises $400 million at a $13.3 billion valuation<\/a>, more than double its December price tag.<\/p>\n \u2014DeepSeek is quietly staffing up to challenge Anthropic\u2019s Claude Code<\/a>, posting job listings for a new AI-agent team.<\/p>\n \u2014Google\u2019s newest wearables will track insulin resistance<\/a>, a category first using AI and sensor data instead of continuous glucose monitoring.<\/p>\n \u2014Uber is quietly building a \u201ctween\u201d rides option for kids 10 to 12<\/a>, based on code spotted in its latest iOS app.<\/p>\n \u2014New York City is probing Polymarket, Kalshi, Coinbase, and Titan<\/a> over their ad practices, the latest legal headache for the booming prediction-markets industry.<\/p>\n \u2014Grubhub\u2019s $23.8 million FTC settlement is finally reaching diners and drivers<\/a>, with checks and PayPal payouts going to more than 640,000 people over misleading earnings claims and phantom restaurant listings.<\/p>\n \u2014Uber Freight is investigating a data breach<\/a> claimed by hacking group Helix, which says it stole dispatch records and accounts payable files.<\/p>\n![\"Nvidia](\"https:\/\/www.europesays.com\/ai\/wp-content\/uploads\/2026\/08\/GettyImages-2224782286_94939e-e1786551258824.jpg\"\/)
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