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August 22, 2025, 10:25 AM
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Top News

Qianer Liu / The Information:
Sources: Nvidia told suppliers like Amkor and Samsung to halt H20 chip production after China urged local tech firms to avoid H20 over alleged security concerns  —  Nvidia has told some of its component suppliers to suspend production work related to the H20, its chip tailor-made for the Chinese market …
Nikkei Asia:
Jensen Huang says Nvidia is in talks with China over H20 security concerns, is hopeful for a resolution, and reiterates that the H20 has no “security backdoors”
Financial Times:
Filing: OpenAI says Elon Musk talked to Mark Zuckerberg in February about backing a $97.4B OpenAI bid, but neither Zuckerberg nor Meta signed a letter of intent  —  Tesla billionaire made offer for ChatGPT maker's core business in February  —  Elon Musk attempted to enlist Mark Zuckerberg …
The Information:
Source: Meta has signed a deal with Google, worth more than $10B over six years, to use Google Cloud's servers, storage, networking, and other services  —  Google has struck a major cloud computing deal with Meta Platforms, according to two people familiar with the matter.
Nikou Asgari / Financial Times:
Sources: EU officials are fast-tracking digital euro plans, and considering Ethereum or Solana over a private blockchain after the US passed the Genius Act  —  Concern over competitiveness raises possibility of digital currency using public rather than private blockchain
Mark Gurman / Bloomberg:
Sources: Meta has poached Frank Chu, an Apple exec who led AI teams focused on cloud infrastructure, training and search, despite Meta's plans to slow hiring  —  Meta Platforms Inc. is hiring another key Apple Inc. artificial intelligence executive, even as the social networking company prepares …
Andrew Osborn / Reuters:
Russia orders that state-backed messenger app MAX, which critics say could be used to track users, must be pre-installed on phones and tablets from next month  —  A Russian state-backed messenger application called MAX, a rival to WhatsApp that critics say could be used to track users …
Casey Crownhart / MIT Technology Review:
Google says the median Gemini app text prompt consumes 0.24Wh of energy, about the same as running a microwave for a second, and emits 0.03g of CO2 equivalent  —  Google has just released a technical report detailing how much energy its Gemini apps use for each query.
Wall Street Journal:
Source: the Trump administration considers taking equity stakes in CHIPS Act recipients but not in firms that are increasing US investment, like TSMC and Micron  —  The Trump administration is considering taking equity stakes in companies receiving funds from the 2022 Chips Act but has no plans …
Gregory Korte / Bloomberg:
Trump signs an EO creating the National Design Studio to improve “websites and physical sites”; sources say he's tapping Airbnb co-founder Joe Gebbia to lead it  —  President Donald Trump signed an executive order Thursday creating a new post for the government's chief design officer …
Brody Ford / Bloomberg:
Zoom reports Q2 revenue up 5% YoY to $1.22B, Enterprise revenue up 7% to $730.7M, vs. $716.7M est., raises FY 2026 forecast above est.; ZM jumps 6%+ after hours  —  Zoom Communications Inc. gave a stronger-than-expected annual outlook for sales growth, and raised its fiscal-year forecast …
Munsif Vengattil / Reuters:
OpenAI sets up a legal entity and plans to open its first office in India after launching ChatGPT Go, its cheapest plan, in the country on August 19  —  ChatGPT parent OpenAI will open its first India office in New Delhi later this year, deepening its push in its second-largest market by user numbers.
Julia Shapero / The Hill:
Google will provide Gemini for Government to US federal agencies at $0.47 per agency through 2026; OpenAI and Anthropic are offering their products for $1/year  —  Google will provide a suite of artificial intelligence (AI) and cloud services to federal agencies for 47 cents each …
The Information:
Source: Snap is considering raising outside money to fund Spectacles development or spinning off Spectacles, to compete with deeper-pocketed rivals like Meta  —  For nearly as long as Evan Spiegel has run Snap Inc., his big bet has been on Spectacles, the company's augmented reality glasses.

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From Mediagazer

Benjamin Mullin / New York Times:
Paramount completes its $110B acquisition of WBD, creating Skydance and putting David Ellison in control of Hollywood studios, streamers, and cable networks

Michael Schneider / Variety:
Amazon's Prime Video acquires exclusive global rights to the Primetime Emmys under a six-year deal from 2027; sources say Prime Video will pay ~$15M per year

New York Times:
Disney is seeking an injunction in US District Court to block the FCC from conducting an unusual, early review of eight ABC-owned station licenses

More News

David Heaney / UploadVR:
Vivo demos Vivo Vision, its first MR headset, which looks like an Apple Vision Pro clone but is ~40% lighter with micro-OLED displays, and could cost ~$1,400
Chris Prentice / Reuters:
The DOJ says it will no longer target developers who create decentralized crypto platforms without criminal intent, as part of a regulatory retreat on crypto

Earlier Picks

Bloomberg:
Sources: Anthropic is in talks to raise $10B, significantly above the previously reported $5B, due to strong investor demand
Bloomberg:
Interviews with three Google executives on the new Pixel phones, why Pixel won't ever be a “giant player”, improving the devices by ~30% each year, AI, and more
Tripp Mickle / New York Times:
Nine current and ex-Apple staffers accuse VP of Fitness Tech Jay Blahnik of bullying and inappropriate behavior; Apple settled a sexual harassment complaint
Abner Li / 9to5Google:
Google expands AI Mode to 180 countries and territories in English, following the US, the UK, and India, and plans to add more languages and regions “soon”
Bloomberg:
DeepSeek details V3.1 and says it surpasses R1 on key benchmarks and is customized to work with next-gen Chinese-made AI chips, after unveiling it on August 19
Meghan Bobrowsky / Wall Street Journal:
Meta froze hiring in its AI division last week with sources saying exceptions need Chief AI Officer Alexandr Wang's permission; the freeze's duration is unclear
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