20VC: Nvidia's $96.2B quarter, near-$12.9B Hugging Face deal, Cognition at $46BN
20VC · rss · 2026-09-03
This week's 20VC episode covers: Nvidia's $96.2B quarter and a near-$12.9B Hugging Face acquisition; OpenAI cutting off Cursor as the Altman–Musk feud escalates; an OpenAI-linked 1,000-agent cyberattack serving as an industry wake-up call; Instinct hitting a $2.5B valuation as AI assistants gain spending power; Cognition targeting $1.6B ARR amid the coding-agent boom (raising at $46BN, with Linear at $2.5BN and $100M ARR, Clay at $7BN); why AI forces every startup to become a compound company; Salesforce embracing Claude and outcome-based pricing; the Stripe–PayPal deal collapsing over price; and Texas pausing Flock cameras amid surveillance backlash.
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