Unity stock jumps 15% on AI marketplace announcement, Byju’s attempts to raise $1B in turmoil

Unity's shares rose 15% on Tuesday after announcing a marketplace for AI game development tools - Link

Bloomberg sources: Byju's, once India's most valuable private company, is in talks to raise $1B to deflect attempts to diminish founder Byju Raveendran's control; Byju's had three prominent board members quit, and Deloitte resign as its auditor last week - Link

Prosus marked down its stake in Byju's, representing a $5.1B valuation, down from the startup's ~$22B valuation last year - Link

Stability AI, a London-based startup most known for its Stable Diffusion model, has lost key execs over the past few weeks, including its head of research and COO - Link

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Zapier's Mike Knoop joins Jason to discuss the early days of Zapier before breaking down the evolution of app integrations and API usage (1:20). They dive into reducing friction for Zapier users, regulating AI, the limitations of present-day AI architecture, and more (43:06). - Link

Faros AI, an AI-powered DevOps platform for creating custom dashboards, raised a $20M Series A led by Lobby Capital - Link

Snowflake and Nvidia are partnering to embed Nvidia's NeMo platform into the Snowflake Data Cloud, enabling businesses to create their own AI models using proprietary data - Link

Thomson Reuters is set to acquire AI-driven legal tech startup Casetext for $650M; Casetext has 10K+ law firms and corporate legal departments as customers - Link

Bloomberg sources: SiriusXM will shut down its Stitcher podcasting app on August 29, with the intent of moving subscribers over to its flagship SXM app - Link

This Week in Startups

E1769: Zapier Co-Founder Mike Knoop on category creation, API evolution & AI architecture

E1768: IRL to shut down after faking 19M users, ZIRP fraud, Databricks acquires MosaicML for $1.3B

E1767: Titan tragedy, Meta removes news in Canada + Elizabeth Yin at Angel Summit

E1766: StoneAlgo’s Devin Jones on “Zillow for diamonds” + Mar Hershenson on the art of picking

E1765: EyeRate CEO Ray Weisberg on scaling from $0 to $10M + Steve Jurvetson on disruptive tech

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