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August 22, 2025, 11:40 AM
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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 …
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.
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 …
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.
Sarah Perez / TechCrunch:
X removes the ability for free-tier developers to like posts and follow users via its API to “protect the platform from spam, bots, and manipulative activities”  —  In an effort to cut down on abuse and fake engagement, Elon Musk's X is removing access to two key features of its developer API for those on the free plan.
More: X

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From Mediagazer

Katie Deighton / Wall Street Journal:
WME is selling sports marketing agency 160over90 to Publicis Groupe for, sources say, $500M+; WME bought the agency in 2018 for about $200M

Variety:
Sources: the legal team for Paramount President Jeff Shell has engaged in preliminary talks about a possible exit from the company, where he was hired in 2024

Philip Oltermann / The Guardian:
Penguin Random House sued OpenAI for copyright infringement, alleging its LLM “memorized” a popular German children's book series and can reproduce the content

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
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
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

Earlier Picks

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
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
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
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
Bloomberg:
Sources: Anthropic is in talks to raise $10B, significantly above the previously reported $5B, due to strong investor demand
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
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