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August 23, 2025, 2:45 PM
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| Reuters: |
Some experts say Trump's extraordinary intervention is unlikely to save Intel, which faces challenges with poor yields and competition from TSMC and Nvidia — U.S. President Donald Trump is injecting nearly $9 billion into Intel(INTC.O) in exchange for a 9.9% equity stake.
More: New York Times, Motley Fool, and Associated Press
Bluesky: @ahaberlach and @michaelsderby
X: @aaronblake, @benbajarin, and @patrickmoorhead
Forums: r/politics and Slashdot
| New York Times: |
Some lawyers and bankers say the Intel deal may face legal challenges as the CHIPS Act may not allow the US government to convert grants into equity — The deal is among the largest government interventions in a U.S. company since the rescue of the auto industry after the 2008 financial crisis.| Intel: |
Intel says the US will make an $8.9B investment by purchasing 433.3M primary shares of Intel common stock for $20.47/share; INTC closed on August 22 at $24.80 — U.S. Government to make $8.9 billion investment in Intel common stock as company builds upon its more than $100 billion expansion of resilient semiconductor supply chain
More: TechCrunch, PCWorld, The Verge, Notebookcheck, Washington Post, Tom's Hardware, Washington Post, UPI, The Register, Phoenix Business Journal, DigiTimes, KMUW, TipRanks Financial, TheStreet, channelfutures, Yahoo Finance, Portland Business Journal, Politico, Engadget, SiliconANGLE, The Japan Times, Newsweek, Thurrott, Business Insider, 9to5Mac, Investor's Business Daily, Lexington Institute, and Bloomberg Law
Bluesky: @peark.es, @rmfifthcircuit, @ncweaver.skerry-tech.com, @bjmquinn, and @quantian
X: @jmhorp, @samstein, @ninaburleigh, @atrupar, @repthomasmassie, and @iancutress
LinkedIn: Mike Demler, Michelle Johnston Holthaus, and David Zinsner
Forums: r/technology, r/NVDA_Stock, r/intelstock, and r/intel
| Wall Street Journal: |
More: Wired, Ars Technica, Associated Press, Reuters, CNBC, Notebookcheck, Bloomberg, NBC News, Associated Press, Mediaite, Yahoo Finance, The Guam Daily Post, The Last Refuge, XDA Developers, MarketWatch, Shacknews, CBS News, Raw Story, Barron's Online, BBC, PCMag, Newser, WBHM 90.3, Oregonian, Just The News, ZeroHedge News, TechCrunch, Benzinga, Windows Central, and Financial Times
Bluesky: @scottsantens.com, @jenlucpiquant, @gritsforbreakfast, @devilstower, @davidaugust, @jeffyguy, @jennannemiller, @ladeziree, @jennifertaub.com, @maxkennerly, @scottjshapiro, @originalsp.in, @bob-nc, @wittywebhandle, @bmsimp, and @gtjr. Truth Social: @realDonaldTrump …
Mastodon: @[email protected] and @harrymccracken@mastodon …
Threads: @carnage4life and @martinsfp
X: @howardlutnick, @atrupar, @madrid_mike, @charlescwcooke, @danieldimartino, @govpressoffice, @danielnewmanuv, @goldman, @patrickmoorhead, @esrtweet, @juliaioffe, @denver4va, @matthew_d_green, @buccocapital, @semianalysis_, @govpressoffice, @jhweissmann, @rakeshsfnyc, @neoavatara, @sullycnbc, @jillwinebanks, @scottlincicome, @michaeldweiss, @scottlincicome, @stanveuger, @benbajarin, @spencerhakimian, @nicksortor, @atrupar, @danrshafer, and @danprimack
| The Guardian: |
Sources: in a meeting with UK Technology Secretary Peter Kyle, Sam Altman proposed giving ChatGPT Plus to everyone in the UK, a deal that would have cost £2B — Exclusive: Deal that could have cost £2bn was floated at meeting between technology secretary Peter Kyle and Sam Altman
Bluesky: @tomewing, @t0nyyates, @ianwaring, @ednewtonrex, @kentindell, and @paulpod
Forums: r/BetterOffline, r/ukpolitics, r/unitedkingdom, and r/singularity
| Cecilia D'Anastasio / Bloomberg: |
How AI is increasingly being used to replace human content moderators, who say that the tech is not yet capable of reliably identifying harmful content — Kevin decided on a career in content moderation after his YouTube recommendations took a bewildering swerve.
More: The Times, AzerNews, Cord Cutters News, Sky News, and Financial Times
LinkedIn: Ron Kerbs and Cecilia D'Anastasio
| Sarah Perez / TechCrunch: |
Bluesky blocks access to its service in Mississippi, saying it doesn't have the resources to comply with the state's broad new law requiring age verification — Social networking startup Bluesky has made the decision to block access to its service in the state of Mississippi, rather than comply with a new age assurance law.
More: Bluesky, Wired, Tedium, PCMag, Mashable, Mississippi Free Press, The Verge, Engadget, Chronology, Tom's Guide, P.V. Poseur, PC Gamer, Six Colors, Simon Willison's Weblog, Reclaim The Net, and TheDesk.net
Bluesky: @malketchupstain, @andytseng, @rhutabhayga, @levikornelsen, @racebannon, @bsky.app, @catalystmeow, @ike55, @acvalens.net, @waxy.org, @peark.es, @klonick, @donmoyn, @poopraven, @ajbauer, @blackamazon, and @kattenbarge
Mastodon: @[email protected] and @thenexusofprivacy …
X: @paul_taske, @loudmouthjulia, @loudmouthjulia, and @klonick
Forums: r/privacy, r/BlueskySocial, r/technology, r/technology, and Slashdot
| Bloomberg: |
Sources: Foxconn recalled ~300 Chinese engineers from its Indian plant making iPhone parts, replacing them with Taiwanese staff, its second such move in months — Apple Inc. assembly partner Foxconn Technology Group has recalled about 300 Chinese engineers from a factory in India … | Andy Mukherjee / Bloomberg: |
India's move to ban online real-money games over addiction and money laundering concerns appears valid, but it may push users toward offshore crypto casinos — Cricket wagers will move offshore, with crypto becoming the preferred currency. — India has stunned its online gaming industry … | The Hindu: |
More: Entrackr, NDTV Profit, Free Press Journal, PokerBaazi, Hindustan Times, Hindustan Times, Times of India, Times of India, India Today, NDTV Profit, Moneycontrol, MediaBrief, and MEDIANAMA
| Alex Heath / The Verge: |
Q&A with David Luan, head of Amazon's AGI research lab, on leaving Adept in a reverse acquihire deal, why he believes progress on AI models has slowed, and more — Why Amazon AGI Labs chief David Luan thinks solving agents is the next ‘S-curve’ for AI.
Bluesky: @prietschka. Mastodon: @[email protected]. Threads: @alexheath. X: @rohitprasadai. LinkedIn: Junjie Tang
| Mike Allen / Axios: |
Airbnb co-founder Joe Gebbia, named by Trump as the first US chief design officer, says he wants to update federal websites to an “Apple Store-like experience” — Joe Gebbia — a co-founder of Airbnb who was named by President Trump this week to be the first U.S. chief design officer …
More: RedState, Federal News Network, Inc.com, and Reuters
| Wall Street Journal: |
Sources: Nvidia has shown new versions of its Blackwell-based AI chips for Chinese customers to US officials, including one with ~80% of the peak performance — Chip designer hopes Trump will approve new design for sale in China, after Beijing tells its companies not to buy older product| Business Insider: |
A surge in AI company valuations is driving the popularity of special purpose vehicles, but some involve high fees, opaque structures, and layers of middlemen — - SPVs have been surging in popularity as retail investors scramble for stock in hot AI companies.
More: Newcomer, OpenAI, and Financial Times
| Dean Seal / Wall Street Journal: |
FanDuel partners with CME Group to offer event-based contracts, letting users wager “yes” or “no” on financial events and benchmarks, starting later this year — The sports-betting platform's deal with CME Group might ultimately lead it to making markets for sports-related events| Lisa Wang / Taipei Times: |
TSMC's financial statement shows the company booked its first profit from its four-year-old Arizona subsidiary in H1 2025, reporting $150.1M in net profit — Taiwan Semiconductor Manufacturing Co (TSMC, 台.電), the world's biggest contract chipmaker, booked its first-ever profit …
More: Wall Street Journal, Benzinga, Tech in Asia, Focus Taiwan, and DigiTimes. Forums: r/intelstock
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