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AI gets its own “boiler room” scandal | Fortune 0
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- August 18, 2026
This was a headline I’d been waiting to see. “Boiler room raised $74 million selling retirees SpaceX, Anduril, Anthropic, and Perplexity while reaping ‘massive hidden fees,’ SEC claims,” my colleague Amanda Gerut wrote last week, outlining a case that the SEC has brought against a Long Island-based financial firm it’s calling a pre-IPO “boiler room.”
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Boiler room raised $74 million selling retirees SpaceX, Anduril, Anthropic, and Perplexity while reaping ‘massive hidden fees,’ SEC claims | Fortune 0
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- August 15, 2026
A sales force of more than 100 agents allegedly cold-called thousands of prospective investors with sleek, scripted pitches for shares in the most exclusive private tech companies in the world, including SpaceX, Anduril, Anthropic, and Perplexity, while promising repeatedly there would be no hidden fees. The agents worked for The Spaventa Group (TSG), a Long
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Code Metal lands $80 million Pentagon deal to modernize military wargaming | Fortune 0
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- August 15, 2026
Preston Fore here. Landing a defense contract has historically meant navigating layers of government bureaucracy, with proposals often taking years to turn into cash. But software unicorn Code Metal is getting something new defense contractors rarely get from the Pentagon: speed. The Boston-based firm just landed an $80 million contract to modernize and AI-enable WarMatrix,
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Tech Visionary Says the Big AI Labs Don’t Get What People Want 0
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- August 14, 2026
Tim O’Reilly’s yardstick for measuring the worth of a company, person, or society has long been create more value than you capture. It’s no surprise that O’Reilly—publisher, internet pioneer, VC, conference organizer, and dispenser of tech wisdom—is applying that metric to the way people design and use AI. Specifically, he’s pushing for a future where
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Forget the gala, these Silicon Valley schools run their own venture capital funds | Fortune 0
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- August 13, 2026
Most American private schools still raise money the old-fashioned way—silent auctions, annual giving, and a yearly gala with mixed drinks and canapés. Crystal Springs Uplands School, a 569-student private day school located on the peninsula between San Francisco and Silicon Valley, still plans to throw a gala this year, but it isn’t the main draw
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87.5% of venture dollars went to AI. The rest fought over scraps | Fortune 0
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- August 12, 2026
It’s an AI world and we’re all just living in it. PitchBook released its Q2 2026 U.S. VC Valuations data this week, and the report aligns with the skewed venture market we’ve come to know: Investors are willing to pay up for a few anointed AI companies, and (almost) everything else is a pass or
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