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Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. OpenAI said to become top private firm with $500B valuation in share sale

Bloomberg.

The deal vaults OpenAI past SpaceX’s $400B valuation.
Thrive Capital, SoftBank, Dragoneer, T. Rowe, and MGX were among the investors that bought shares from OpenAI employees.
Eligible units reportedly fell short of the $10B+ OpenAI allowed, hinting at employee reluctance to sell.
Tether is reportedly also raising at $500B.

2. Google debuts $99 Home Speaker, new Nest gear to expand Gemini AI

Google.

Until spring 2026: the new Google Home Speaker won’t ship.

The lineup includes a $150 2nd-gen Nest Cam Outdoor, a $180 3rd-gen Nest Doorbell, and a $100 3rd-gen Nest Cam Indoor

Google.

The new Nest devices are already available in the U.S.

Google also announced Gemini for Home, which will replace Google Assistant on smart home devices

Google.

It’s accessed via the redesigned Google Home app and acts as a natural-language command center.
A new $20/month Google Home Advanced subscription offers 60-day video clip storage and 10-day, 24/7 continuous video history.

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4. Microsoft folds AI into Office with $19.99/mo plan to counter ChatGPT

Microsoft.

OpenAI said to become top private firm with $500B valuation in share sale

0. Data and calendar

1. OpenAI said to become top private firm with $500B valuation in share sale

2. Google debuts $99 Home Speaker, new Nest gear to expand Gemini AI

The lineup includes a $150 2nd-gen Nest Cam Outdoor, a $180 3rd-gen Nest Doorbell, and a $100 3rd-gen Nest Cam Indoor

Google also announced Gemini for Home, which will replace Google Assistant on smart home devices

3. Save $80,000 per year on every engineering hire.*

4. Microsoft folds AI into Office with $19.99/mo plan to counter ChatGPT

Keep reading

OpenAI holds major frontier RL training, tightens safety practices after Hugging Face breach

Anthropic annualized revenue said to have hit $65B in Jul. ahead of expected fall IPO

Stripe said to finalize $7B+ OpenRouter acquisition as AI model switching grows

Gemini 3.7 Flash debuts as Google’s strongest coding model

OpenAI said to become top private firm with $500B valuation in share sale

0. Data and calendar

1. OpenAI said to become top private firm with $500B valuation in share sale

2. Google debuts $99 Home Speaker, new Nest gear to expand Gemini AI

The lineup includes a $150 2nd-gen Nest Cam Outdoor, a $180 3rd-gen Nest Doorbell, and a $100 3rd-gen Nest Cam Indoor

Google also announced Gemini for Home, which will replace Google Assistant on smart home devices

3. Save $80,000 per year on every engineering hire.*

4. Microsoft folds AI into Office with $19.99/mo plan to counter ChatGPT

Subscribe to keep reading

Keep reading

OpenAI holds major frontier RL training, tightens safety practices after Hugging Face breach

Anthropic annualized revenue said to have hit $65B in Jul. ahead of expected fall IPO

Stripe said to finalize $7B+ OpenRouter acquisition as AI model switching grows

Gemini 3.7 Flash debuts as Google’s strongest coding model