Monday 10 August 2026
Top stories today:
Apple tests China’s CXMT RAM as U.S. rules block technical sharing
Anthropic says Claude Code auto mode to become default
Harvey in $500M+ funding talks at $15.5B valuation
Cursor tells staff SpaceX could complete $60B acquisition this week
Whatnot raises $545M at $20B valuation
0. Data & Calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. Apple said to test China’s CXMT RAM as U.S. rules block technical sharing
For its iPhone and MacBook product lines, Apple has reportedly been testing CXMT memory chips.
Federal rules bar U.S. companies from transferring technical know-how to CXMT.
Apple has held early talks with CXMT on supplying memory chips for devices sold in China.
HP and Acer already use CXMT memory chips in devices sold outside the U.S.
Apple hopes to secure White House approval to do business with CXMT and ease political pressure.
Datos Insights surveyed 200 lenders and 1,500 consumers to understand how lenders are rethinking credit in a changing economic landscape.
What they found: more are leaning into alternative data—and seeing a measurable impact on portfolio performance.
Plaid partnered with Datos Insights to uncover how leading lenders use cash flow data to drive performance, and capture borrowers traditional credit reports miss.
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3. Anthropic says Claude Code auto mode to become default from Aug. 14 for paid plans
Anthropic said the auto mode blocked 89% of harmful actions in a test involving 1,053 paid testers:
Auto mode routes each tool call through a classifier designed to block irreversible, destructive, or external actions.
The mode remains opt-in on Claude Enterprise, Claude API, Claude Platform on AWS, Amazon Bedrock, and Google Cloud’s Agent Platform.
Mar.: Anthropic introduced a test version of the auto mode.
Separately, Anthropic added messaging between Claude Code sessions on macOS and Linux.
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5. Harvey, legal AI startup, said in $500M+ funding talks at $15.5B valuation
$350M+ in annualized revenue, up 80%+ from $190M in Jan.
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7. Cursor said to tell staff SpaceX could complete $60B acquisition this week
The Cursor brand could be phased out for new products in the coming months.
Grok Bot could become the brand for Cursor’s upcoming general-purpose agent.
Cursor will consolidate teams with SpaceXAI as part of the deal.
