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August 7, 2025, 12:55 PM
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Peter Elstrom / Bloomberg:
President Trump calls on Intel CEO Lip-Bu Tan to “resign, immediately” and says he “is highly CONFLICTED”, after Senator Cotton asked about Tan's ties to China  —  President Donald Trump called on the chief executive officer of Intel Corp. to resign …
Max A. Cherney / Reuters:
GOP Senator Tom Cotton sends a letter to Intel's board chair with questions about CEO Lip-Bu Tan's ties to China and subpoenas when he was Cadence Design's CEO  —  U.S. Republican Senator Tom Cotton sent a letter to Intel's (INTC.O) board chair on Wednesday with questions about the chipmaker's …
Tom Warren / The Verge:
A now-deleted GitHub blog post reveals GPT-5, available as gpt-5, gpt-5-mini, gpt-5-nano, and gpt-5-chat with “major improvements” in reasoning, code, and more  —  GPT-5 will have ‘enhanced agentic capabilities’ and handle ‘complex coding tasks with minimal prompting.’
Alexey Shabanov / TestingCatalog:
Internal OpenAI code suggests a tiered GPT-5 rollout: the free tier gets basic GPT-5, Plus gets “advanced reasoning”, and Pro gets “research-level” performance
Hannah Lang / Reuters:
Ripple plans to acquire stablecoin payments platform Rail for $200M, set to close in Q4 2025; Rail says it handles 10% of all global stablecoin payment activity  —  Ripple will buy stablecoin payments platform Rail for $200 million, the company said on Thursday, weeks after U.S. President Donald Trump signed …
Bloomberg:
President Trump says he will impose a “tariff of approximately 100% on chips and semiconductors”, exempting firms like Apple that “committed to build” in the US  —  Donald Trump declared plans to slap a 100% tariff on semiconductor imports yet promised to exempt companies …
Kosaku Narioka / Wall Street Journal:
Sony reports Q1 revenue up 2.2% YoY to ~$17.8B, net profit up 23% YoY to ~$1.8B, 2.5M PS5s sold, up from 2.4M in Q1 2024, and expects a lower FY tariff impact  —  The company expects uncertainty over the economy to increase due to U.S. tariffs  —  Sony Group reported higher quarterly net profit …
Financial Times:
Sources: Samsung plans to produce iPhone 18 image sensors in Austin, Texas; an expert says Apple chose Samsung as a supplier because Sony doesn't have US plants  —  Deal suggests South Korean company's US investments are paying off as Trump dials up his tariff policies
Apple:
Apple commits $2.5B to produce all iPhone and Apple Watch glass at Corning's Kentucky facility, as part of its plan to invest $600B+ in the US over four years  —  The new $2.5 billion commitment from Apple is part of the company's expanded plan to invest $600 billion in the U.S. over the next four years
Politico:
Sources: the US federal judiciary's electronic case filing system was hit in a sweeping hack, potentially compromising the identities of confidential informants  —  It is not immediately clear who is behind the hack, though nation-state-affiliated actors are widely suspected, the people said.
Takashi Mochizuki / Bloomberg:
Tokyo Electron says it fired an employee in Taipei and is cooperating with Taiwan's investigation after Taiwan arrested six people over alleged TSMC IP theft  —  Tokyo Electron Ltd. said it's fired an employee at its Taipei unit, making its first public statement since the island's government …
Humeyra Pamuk / Reuters:
State Department cable: Marco Rubio orders diplomats in Europe to lobby against the DSA, arguing it stifles free speech and imposes costs on US tech companies  —  President Donald Trump's administration has instructed U.S. diplomats in Europe to launch a lobbying campaign to build an opposition …
More: The Register, Euractiv, and Benzinga
Bluesky: @claesdevreese.  X: @globalaffairs.  Forums: r/worldnews and r/europe
Matthew Gault / 404 Media:
Trump Media says it is public beta testing Truth Search AI, a Perplexity-powered search feature, initially on Truth Social for web and coming to Android and iOS  —  Donald Trump's media company is teaming up with Perplexity to bring AI search to Truth Social, the President's X.com alternative.
Naga Avan-Nomayo / The Block:
Tether acquires a minority stake in MiCA-licensed Spanish crypto exchange Bit2Me and is leading a €30M funding round that will close in the coming weeks  —  - Tether buys a minority stake and leads a 30 million-euro round in MiCA-licensed Bit2Me to fund EU and Latin-American growth.
Reuters:
SMIC reports Q2 revenue up 16.2% YoY to $2.2B, in line with expectations, and profit down 19.5% YoY to $132.5M, below $183.35M est.  —  Semiconductor Manufacturing International Corp (0981.HK) ，China's largest contract chip maker, reported on Thursday a 19.5% year-on-year decline in second-quarter profit.
Natalie Lung / Bloomberg:
Airbnb reports Q2 revenue up 13% YoY to $3.1B, vs. $3.03B est., net income up 16% YoY to $642M, and warns revenue growth may moderate in H2 2025; ABNB drops 6%+  —  Airbnb Inc. shares slid in Thursday trading after the short-term rental company warned that sales growth may moderate in the second half of the year.

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From Mediagazer

Isabella Simonetti / Wall Street Journal:
Vanity Fair and Olivia Nuzzi agree to part ways and let her contract expire at the end of the year, following new allegations about her affair with RFK Jr.

Oliver Darcy / Status:
Sources: David Ellison's interference in WBD's failed summer talks to extend HBO Max's South Park licensing deal left David Zaslav distrustful of Ellison

Alexandra Steigrad / New York Post:
Sources: Forbes has cut ties with dozens of contributing writers; one exec said Forbes needs to ensure the contributor model is “financially sound”

More News

Earlier Picks

Adam Levine / Barron's Online:
AppLovin reports Q2 revenue up 77% YoY to $1.26B, vs. $1.22B est., adjusted EBITDA up 99% YoY to $1.02B, and forecasts Q3 revenue above est.; APP jump 10%+
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