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August 11, 2025, 9:45 AM
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Top News

Financial Times:
Sources: Nvidia and AMD agreed to pay the US government 15% of H20 and MI308 chip revenue from China sales, as a condition of export licenses granted last week  —  Chipmakers agree to unusual arrangement to secure export licences from Trump administration  —  Nvidia and AMD have agreed …
Bloomberg:
Trade experts: Nvidia's and AMD's deals to export AI chips to China and pay the US 15% of revenue is “unprecedented” and a sign of “a new and dangerous world”  —  The revenue-for-exports deal between the US government and two of the world's biggest chipmakers opens …
Lauren Thomas / Wall Street Journal:
Sources: Intel CEO Lip-Bu Tan is set to meet Trump on Monday to propose ways the US and Intel could work together, show his commitment to the US, and more  —  Lip-Bu Tan is set to meet with the president, who last week called for Tan's removal  —  Intel CEO Lip-Bu Tan is set to visit …
Luc Olinga / Gizmodo:
Sam Altman says OpenAI will bring back GPT-4o to ChatGPT and raising reasoning model rate limits for free and Plus users, as usage of reasoning models increases  —  The move is a stunning reversal, proving that even the most powerful AI company can't ignore a mutiny from its loyal user base.
David Sacks / @davidsacks:
Doomer narratives of a rapid take-off to a monopolistic AGI were wrong, as new AI model releases offer a Goldilocks scenario of competitive, specialized models
Gary Marcus / Marcus on AI:
GPT-5's release was underwhelming, offering incremental improvements and failing to meet expectations, showing that pure scaling simply isn't the path to AGI
Reuters:
Rumble says it plans to acquire German AI cloud group Northern Data in an all-stock deal; estimates show the deal could be valued at $1.17B  —  U.S.-listed video platform Rumble (RUM.O) is considering a potential offer of about $1.17 billion (1 billion euro) for German AI cloud group Northern Data AG …
Matt Burgess / Wired:
UK researchers estimate 80 game cheat-selling websites generate $12.8M to $73.2M annually from 30K to 174K monthly buyers across North America and Europe alone  —  Gaming cheats are the bane of the video game industry—and a hot commodity.  A recent study found that cheat creators are making …
Alex Knapp / Forbes:
Tahoe Therapeutics, which is building AI models of living cells, raised $30M led by Amplify Partners at a $120M valuation, taking its total funding to $42M  —  The Palo Alto, California-based company, now valued at $120 million, has developed a scalable way to quickly generate crucial biological data needed …
More: FinSMEs
Saritha Rai / Bloomberg:
Malaysian startup Zetrix unveils NurAI, a chatbot for Muslims built using similar techniques to DeepSeek's V3, and plans AI avatars of Islamic scholars  —  A Malaysian company has designed an AI large language model for Muslims based on open-source AI knowhow from China's DeepSeek …
Bloomberg:
Sea is nearing a $100B market cap after its stock has soared 300%+ since early 2024, driven by Shopee's in-house, community-based logistics network SPX Express  —  Shopee now dominates the Southeast Asian e-commerce market thanks to a cavalry of retirees, homemakers and students delivering parcels
More: Tech in Asia
Financial Times:
A long-running cyberattack campaign between Israel and Iran has continued since the June ceasefire, with Israel landing the most telling blows  —  A long-running campaign of cyber attacks has continued since a ceasefire ended the 12-day conflict  —  In the days after Israel launched …

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From Mediagazer

Wall Street Journal:
Sources: the DOJ is probing whether the NFL uses anticompetitive tactics that harm consumers; regulators and others have raised concerns about streaming deals

Alex Weprin / The Hollywood Reporter:
AMC Networks rebrands as AMC Global Media, filing new articles of incorporation in Nevada; CEO Kristin Dolan says streaming is its top domestic revenue source

Wall Street Journal:
Sources: Disney is planning to eliminate as many as 1,000 positions in the coming weeks, many from the company's recently consolidated marketing department

More News

Stevie Bonifield / PC Gamer:
AOL is discontinuing its dial-up internet service on September 30, after launching it in 1991; the service reportedly had “low thousands” of subscribers in 2021

Earlier Picks

Hadriana Lowenkron / Bloomberg:
Bo Hines, the head of the White House Presidential Council of Advisers for Digital Assets, says he is stepping down and returning to the private sector
Natasha Singer / New York Times:
CS grads struggle to land jobs as tech companies lay off workers and embrace AI; the New York Fed says US CS grads aged 22 to 27 face a 6.1% unemployment rate
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