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Elon’s xAI can’t seem to keep a leadership team together — five execs have bailed in 2024, and the CFO just joined the exodus. Meanwhile, over at Meta, Zuck apparently thinks the best way to build team spirit is to bruise his execs with MMA drills 🥋. While VCs debate Martin Casado’s claim that 80% of startups fail thanks to capital wipeouts, Lambda’s prepping for a 2025 IPO to cash in on the AI infrastructure boom. Keep reading for more!
Video pick: The phone call that broke Silicon Valley Bank
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Nine bullets of updates
🚪 xAI's CFO exit caps a wave of high-level departures at Elon Musk’s AI startup, with at least five execs gone in 2024 alone.
🥋 Mark Zuckerberg’s management team was put through MMA drills at an exec offsite, complete with bruises, at his request.
đź’¸ Martin Casado calls out capital wipeouts as the downfall of 8 out of 10 failed startups, igniting VC debate.
🚀 Lambda eyes a U.S. IPO in H1 2025, aiming to capitalize on the AI infrastructure boom as cloud demand surges.
🕵️‍♂️ Nasdaq cracks down on companies trying to rebrand as crypto stocks, flagging multiple listings for review.
🔋 Indonesia eyes a bigger chunk of the EV battery market as tariff shifts spark a surge in LFP exports to the US and EU.
🤖 Tesla’s Optimus robot just strutted out in gold, showing off Grok-powered motor skills and smarter object handling in its latest demo.
🦊 Atlassian drops $610M in cash to scoop up the makers of Arc and Dia browsers and boost its productivity suite.
🔍 Apple may turbocharge Siri’s AI by  plugging Google Search directly into it , according to Bloomberg.
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Watchdog groups expose chatbots impersonating celebrities with harmful content

Photo by Susan Mohr on Unsplash
Watchdog groups are raising concerns over AI chatbots generating inappropriate messages while impersonating A-list celebrities. From “deepfake girlfriends” to highly personalized interactions, these bots are crossing into explicit — and sometimes legally questionable — territory, creating significant risks for brand reputation and compliance.
The growing popularity of these tools stems from a mix of anonymity, customization, and viral celebrity-driven content. However, the implications extend beyond headlines: platforms could face legal challenges and regulatory scrutiny. For tech leaders, this serves as a reminder that strong guardrails in large language models aren’t optional — they’re essential for building products that are both trustworthy and scalable.
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The Phone Call That Broke Silicon Valley Bank
The sudden collapse of a major bank sent shockwaves through the tech industry, putting startups, jobs, and funding at risk. In this video, we break down what happened, the government’s emergency response, and what it could mean for the future of innovation and financial stability in tech.
🕶️ More videos here 🕶️Â
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SEO’s evolving—and we have the answers
Join 600+ marketers at Ahrefs Evolve in San Diego, Oct 14–15. Two days of real insights on SEO, AI, content & analytics—no fluff, just actionable strategies you can use Monday morning.
Meet the people behind the profiles, sharpen your edge, and find clarity in a fast-changing landscape.
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Ten companies just raised money
🤖 $18M flows into Kite to let AI agents handle payments autonomously.
🚚 Bengaluru's curated delivery startup just grabbed $23M to reshape local e-commerce with Accel and RTP Global backing.
💸 Charleston-based startup secures $9M to help advisors streamline their workflow with a fresh Series A round.
🤖 A fresh $150M is fueling the race to build killer AI APIs for developers—courtesy of Cox Enterprises.
🪪 Digital ID platform secures $125M to scale identity verification for government and private sector expansion.
🛡️ With $50M fresh in the bank, Cato Networks is doubling down on AI-driven app security with its Aim Security buy.
đź’¸ Meroka grabs $6M seed to help modernize payment rails for emerging markets.
🤖 London’s Artificial Societies just raised $2.2M to build AI worlds that mimic real society.
đź’¸ Crypto infrastructure gets a boost as Utila raises $22M to scale stablecoin operations.
🪙 SF’s latest web3 bet: Etherealize lands $40M to build core Ethereum infrastructure.
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OpenAI acquires statsig as AI talent war heats up

Photo by Solen Feyissa on Unsplash
OpenAI just agreed to buy Statsig for a tidy $1.1 billion, marking another episode of deep-pocketed tech companies hoarding AI teams and toys like it’s the last week before IPO season.
This move is part of the escalating arms race for AI infrastructure and talent, as everyone scrambles to juice up their model-evaluation and experimental analytics. For the OGs, it means one less player in the independent data playground; for startups building on top of the AI stack, it’s a reminder that exits are increasingly bought, not built.
With valuations for engineering-heavy shops still climbing, the fallout could be more consolidation—or a few sandcastles getting swept away by the next big buyout wave.
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Startup Events and Deadlines
Crash Course on Startup Fundraising with Caya (Slidebean CEO)| 10 Sept | Webinar
Crash Course in Financial Modeling | 11 Sept | Webinar
New York Venture Summit | 9, 10 Sept | NYC
Techstars Foundercon 2025 | 15-17 Sept | USA, Colorado
Antler Canada | Deadline: Sept 29 | Canada
500 Startups Flagship Accelerator l Deadline: Oct 11 l USA