.png){kind=logo}
Good morning!
Here's your quick roundup of today's biggest developments across semiconductors, AI funding, hiring, cryptocurrency markets, and frontier AI models.
What's New Today
Today's roundup highlights shifts across semiconductors, AI funding, hiring, crypto, and enterprise AI. PSMC gains attention as Cognition targets a $47B valuation. Hiring remains strong, while crypto markets stay volatile and Anthropic expands long-running AI capabilities.
PSMC and semiconductor markets: PSMC stock is drawing attention as investors reassess the semiconductor cycle and Taiwan's role in supplying chips for AI, automotive, and industrial applications.
Cognition's $47B valuation: The company behind Devin is reportedly nearing a $1 billion funding round at a valuation of about $47 billion, with investor interest potentially pushing the round higher as Devin revenue approaches $1 billion.
Talent and crypto markets: Fast-growing startups are accelerating graduate hiring across operations, engineering, and marketing, while Bitcoin near $78,000 and Ethereum around $2,450 face profit-taking and macroeconomic uncertainty.
Anthropic advances autonomous AI: Claude Fable 5.1 and Claude Mythos 5.1 target long-running, complex workloads involving multiple tools and reduced human intervention, with Mythos adding enhanced safety controls for selected organisations.
Powerchip Semiconductor Manufacturing Corp (PSMC, ISIN TW0006770009) stock is in focus on September 2, 2026 as investors reassess the broader semiconductor cycle and the role of Taiwan-based foundries in supplying capacity for AI, automotive and industrial chips.
Cognition is closing in on a new funding round of around $1 billion at a valuation of roughly $47 billion, according to people familiar with the matter cited by Bloomberg. The round could grow even larger: investors have reportedly expressed interest of nearly $10 billion in the company behind Devin, its autonomous AI software engineer. Cognition declined to comment on the report.
Like a lot of clean energy start-ups, heat pump installer Heat Geek is growing fast and hiring to match. The eight roles it opened this summer will increase headcount by more than 25 per cent. Chief operating officer Holly Foster says the entry-level positions in operations, engineering and marketing need to be “filled yesterday” with ambitious graduates ready to get stuck in.
Bitcoin $BTC and Ethereum $ETH are entering September in a cautious but closely watched position as investors assess whether the recent crypto market recovery can continue. After a strong August performance, both leading digital assets are now facing a mix of profit-taking, macroeconomic uncertainty and changing expectations around global interest rates.
Anthropic has released a new AI model built for a different kind of task. Instead of just answering questions, Claude Fable 5.1 is made to handle big projects that run for hours, use many tools, and need less human help along the way.
The company launched Fable 5.1 together with Claude Mythos 5.1. Both models share the same core abilities. Mythos comes with extra safety checks and is offered only to select organizations working in fields like cybersecurity and life sciences.
