Sources: Crusoe is in IPO talks with at least four Wall Street banks, including JPMorgan, which is advising on its $3B pre-IPO fundraise set to value it at $35B — Crusoe, a data center developer and power supplier, is in IPO talks with at least four Wall Street banks, Axios Pro has learned.
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BNPL lenders like Flex, Zip, and Affirm are now pitching loans for basic household needs; Americans spent $160B through pay-later loans in 2025, up 2x from 2023 — The rapid growth of pay-later loans raises questions about whether their popularity is driven by consumer preference or desperation.
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Opening arguments begin Tuesday in the state AGs' social media addiction lawsuit against Meta; New Mexico AG says the consequences could be “astronomical” — If New Mexico created the blueprint for taking on Meta, California could determine the company's fate when it comes to critical changes at Facebook and Instagram.
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Sources: Anthropic's revenue run rate reached $65B by the end of July, up from $47B in May and $9B in late 2025 — Anthropic PBC is on track to generate annualized revenue of more than $65 billion based on its current performance, according to people familiar with the matter …
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African defense tech company Terra Industries, founded in 2024, raised a $52M seed round from 8VC and others, and says it's on track to book $100M in contracts — African defense tech company Terra Industries on Monday announced an additional $18 million in funding, bringing its seed round to $52 million.
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