AI Startup Etched Takes Just One Month to Double in Valuation
Etched, an AI chip design company, raised $700 million in funding, doubling its valuation to $21 billion in one month. The company designs chips, racks, software, and manufacturing methods for improved throughput, latency, cost, and power efficiency.
Read full story →China Expands Digital Yuan Operator Network to 30 Other Banking Platforms
China's central bank added 30 commercial banking platforms to operate its digital yuan currency system. The People's Bank of China made this expansion announcement on August 17, 2026, broadening the e-CNY's operational network among commercial lenders.
OCC Promises Final Rule for GENIUS Act by November
The Office of the Comptroller of the Currency will release a final rule implementing the GENIUS Act by November. Comptroller Jonathan V. Gould stated the agency began working on the rule before the President signed the bill into law.
Nvidia Weighs Investment in Round Valuing Mercor at $20 Billion
Mercor, a data labeling provider for AI model development, is being valued at $20 billion in a potential funding round that Nvidia may join. The specific investment size and total round amount remain undisclosed.