Morgan Stanley maintained an Equal-weight rating and a $99 price target on CoreWeave in its August review of the company’s second-quarter results, arguing that the GPU cloud provider is executing quickly in GenAI data center buildout but still faces valuation constraints from heavy leverage and concentrated customer exposure. In Q2, CoreWeave added 500MW of net active power, its largest quarterly increase on record and more than triple the year-earlier level, while management reiterated a goal of reaching at least 8GW by 2030. The company also raised guidance across capital spending, revenue and ARR, with FY26 revenue guidance moving to $12.4 billion-$13.2 billion and ARR guidance to $18.5 billion-$19.5 billion. Morgan Stanley pointed to Managed Inference ARR rising from $1 million to more than $100 million, with at least $250 million expected by year-end, as a sign that CoreWeave is extending beyond infrastructure rental into higher-margin software services. Even so, the bank said margin durability remains in question, free cash flow is expected to stay negative through 2028, and debt could reach about $38 billion by the end of 2026.

A new report cited by ChainCatcher says Google could roll out Gemini 3.7 Flash as soon as today, with API pricing potentially dropping to $0.75 per million input tokens and $3.75 per million output tokens. That would be a sharp reduction from the current standard pricing for Gemini 3.6 Flash, which stands at $1.50 for input and $7.50 for output per million tokens. If the leaked pricing is accurate, the new model would come in at roughly half the current rate. The report also notes that speculation around Gemini 3.7 Flash has been building for some time. Google’s official Python GenAI SDK briefly included a reference to `gemini-3.7-flash`, before the related pull request was renamed to "internal" and then closed. Separately, SemiAnalysis said last week that Google had internally canceled Gemini 3.5 Pro, previously seen as a flagship model, and shifted the team toward a larger Gemini 4 effort. According to leo, he has heard the same internally.

Robinhood has begun rolling out cryptocurrency trading to eligible users in the UK, adding more than 50 digital assets through Bitstamp, the exchange it acquired last year for $200 million. The new offering places crypto alongside stocks, options, futures, and UK Individual Savings Accounts on Robinhood’s platform as the company pushes a broader one-stop investing model. The company said UK users will initially pay no trading commission, account management fee, or custody fee for crypto transactions. Currency conversion still carries a 0.1% fee, which rises to 0.3% during certain weekend periods. The first batch of supported assets includes Bitcoin, Ether, XRP, and Hyperliquid’s HYPE token. Robinhood said the service is provided by Bitstamp UK Ltd, which is registered with the UK Financial Conduct Authority as a cryptoasset business. It also warned that crypto held through Bitstamp UK is not covered by the Financial Services Compensation Scheme or the Financial Ombudsman Service. Alongside the launch, Robinhood introduced its AI-powered market analysis tool, Cortex Digests for Crypto, in the UK. The company also shared fresh metrics for Robinhood Chain and reiterated recent quarterly results showing crypto trading revenue fell 38% year over year to $100 million while prediction markets revenue reached $156 million.

Pi Network launched its Launchpad test version on Pi Day 2026, requiring live products before token issuance, routing raised PI into liquidity pools, and unveiling a 526 million PI reward program alongside smart contracts and GenAI App Studio.

The U.S. Department of Defense signed an AI agreement with seven tech giants including OpenAI, Microsoft, Google, Nvidia, and SpaceX to integrate AI into classified military networks. Anthropic refused to allow its technology for autonomous weapons and was subsequently blocked by the Trump administration; OpenAI stepped in as a replacement.

Google is in talks with the U.S. Department of Defense to deploy Gemini in classified environments, backed by a contract worth up to $200 million. The move marks a sharp return after its earlier exit from Project Maven.

More than 600 Google employees urged CEO Sundar Pichai to reject a deal that would extend Gemini into Pentagon classified networks, arguing that safeguards cannot be enforced in secret environments.

Rexas Finance (RXS) has set its presale for September 8, 2024, aiming to tokenize real-world assets like real estate and commodities using blockchain, AI, and smart contracts to democratize global asset ownership.