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10 events on 2026-08-23role: thematic3d historyaccess: keyless

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2026-08-23Filing: Shein will debut on the Hong Kong exchange on September 1, seeking up to $1.8B in an IPO at a $27B valuation, a fraction of its $100B valuation in 2022 (Julia Fioretti/Bloomberg)
Techmeme permalink: https://www.techmeme.com/260823/p12#a260823p12 <a href="https://www.bloomberg.com/news/articles/2026-08-23/shein-seeks-up-to-1-8-billion-in-long-awaited-hong-kong-ipo"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260823/i12.jpg" vspac
2026-08-23Sources: Hugging Face is exploring a sale that could value it at $13B+, up from $4.5B in 2023, and has been working with a bank to evaluate bidders' interest (Katie Roof/Business Insider)
Techmeme permalink: https://www.techmeme.com/260823/p9#a260823p9 <a href="https://www.businessinsider.com/hugging-face-could-be-acquired-13-billion-2026-8"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260823/i9.jpg" vspace="4" /></a> <a href="https://
2026-08-23Ramp data: Fable 5, launched in June, has plateaued at ~11% of spending on Anthropic tools, as companies shift to cheaper models; Opus 5 surpassed Fable 5 (George Hammond/Financial Times)
Techmeme permalink: https://www.techmeme.com/260823/p8#a260823p8 <a href="https://www.ft.com/content/5ee49718-c258-4f01-aa32-7e5b76ae5245"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260823/i8.jpg" vspace="4" /></a> <a href="https://www.techmeme.com/
2026-08-23Alibaba plans to raise ~$10B in a follow-on share offering to fund AI investments; sources: it plans to offer 710M shares at a 3.6% discount to Friday's close (Reuters)
Techmeme permalink: https://www.techmeme.com/260823/p7#a260823p7 <a href="https://www.reuters.com/business/retail-consumer/alibaba-proposes-hong-kong-share-placement-worth-10-billion-2026-08-23/"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260823/i7.jpg
2026-08-23The popularity of risky leveraged chip ETFs in South Korea prompted regulators to cap individual exposure and mandate a weeklong investor education course (Financial Times)
Techmeme permalink: https://www.techmeme.com/260823/p3#a260823p3 <a href="https://www.ft.com/content/5e8072a7-cb99-47a6-9478-e46e7de3b4a2"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260823/i3.jpg" vspace="4" /></a> <a href="https://www.techmeme.com/
2026-08-23Sources: Flipkart Minutes, the quick commerce service of Walmart's Flipkart, is now delivering 1.1M-1.2M orders per day, up from ~390K-400K in November 2025 (Jagmeet Singh/TechCrunch)
Techmeme permalink: https://www.techmeme.com/260823/p2#a260823p2 <a href="https://techcrunch.com/2026/08/22/two-years-after-launch-walmarts-flipkart-is-closing-in-on-indias-quick-commerce-leaders/"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260823/i2.j
2026-08-23Semiconductor cram schools are flourishing in Seoul as applications to Samsung and SK Hynix surge, fuelled by record earnings and eye-catching worker bonuses (Financial Times)
Techmeme permalink: https://www.techmeme.com/260823/p1#a260823p1 <a href="https://www.ft.com/content/0c9c66a6-339a-420e-9e73-178195382259"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260823/i1.jpg" vspace="4" /></a> <a href="https://www.techmeme.com/
2026-08-23Sources: Nvidia plans to use its $6B deal with Poolside to build an open-weight AI model to compete with Chinese models like DeepSeek and Kimi (Robbie Whelan/Wall Street Journal)
Techmeme permalink: https://www.techmeme.com/260822/p16#a260822p16 <a href="https://www.wsj.com/tech/ai/nvidia-is-spending-6-billion-to-build-a-powerful-u-s-alternative-to-chinese-ai-c51c38cc?st=2n7vVW&reflink=desktopwebshare_permalink"><img align="RIGHT" border="0" hspace="
2026-08-23Sources: Iran-linked hackers shut down a small UK power plant for four days, coinciding with a wave of Iran-affiliated attacks on US water utilities (Telegraph)
Techmeme permalink: https://www.techmeme.com/260822/p15#a260822p15 <a href="https://www.telegraph.co.uk/news/2026/08/22/iranian-hackers-shut-down-uk-power-plant/"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260822/i15.jpg" vspace="4" /></a> <a href="
2026-08-23Sources and documents detail how Tether's plan to build two bitcoin mining sites in Uruguay fell apart amid a dispute with state utility UTE over power supply (Reuters)
Techmeme permalink: https://www.techmeme.com/260822/p14#a260822p14 <a href="https://www.reuters.com/world/americas/how-tethers-bitcoin-mining-plans-uruguay-unraveled-2026-08-21/"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260822/i14.jpg" vspace="4" /><