Max Cunningham
Chief Intern
13 Aug 2026Lovable $400M | Corgi Investigation | Grok Bot | Investor Updates
Accel raises $3.5B for AI and deep tech investing
The hosts discuss the firm's $3.5B raise across four funds, including $800M earmarked for Europe and Israel and $550M for India, and its global expansion fund for larger early-stage rounds. They talk about ballooning round sizes, the firm's push into deep tech via deals like Periodic Labs, and trend-chasing investors piling into robotics (e.g., a16z backing Charles Kaman's Atoms).
Phoebe Gates' Fi app cookie stuffing scandal
Bloomberg reports that Fi, the shopping app founded by Phoebe Gates and Sophia Kianni, earned commissions on sales it didn't drive by auto-dropping tracking cookies at checkout ('cookie stuffing'). The hosts walk through leaked Slack messages showing the founders knew about the practice since December despite public claims it was a bug, the revenue drop after it was disabled, and why the practice is considered fraud.