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Techmeme
August 29, 2025, 10:50 AM
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Top News

Wall Street Journal:
Sources: Alibaba developed a new AI inference chip to compete with H20; it is manufactured by a Chinese company unlike an earlier AI chip made by TSMC  —  Chinese tech companies spark market exuberance by signaling they are catching up to U.S.  —  SINGAPORE—Chinese chip companies …
Kif Leswing / CNBC:
Dell reports Q2 revenue up 19% YoY to $29.78B, vs. $29.17B est., and forecasts Q3 EPS of $2.45, below $2.55 est.; DELL drops 5%+  —  Despite beating on its top and bottom lines, shares of Dell Technologies fell more than 5% Thursday in extended trading after giving third-quarter earnings per share guidance …
Reuters:
Autodesk reports Q2 revenue up 17% YoY to $1.76B, vs. $1.73B est., forecasts Q3 revenue above est., and raises its annual forecasts; ADSK jumps 5%+  —  Autodesk (ADSK.O) raised its annual revenue and profit forecasts on Thursday, betting on growing demand for its design and engineering software …
Juby Babu / Reuters:
xAI launches Grok Code Fast 1, a “speedy and economical” agentic coding model, available for free for a limited time on GitHub Copilot, Cursor, Windsurf, more  —  Elon Musk's artificial intelligence startup, xAI, on Thursday released a new “speedy and economical” agentic coding model …
Washington Post:
In a trial over a fatal Autopilot crash, Tesla denied having crash-snapshot data, until a hacker hired by the plaintiffs recovered the data from the vehicle  —  The critical evidence was presented last month to a jury, which found the company partially liable for the 2019 crash in Key Largo, Florida.
Wall Street Journal:
Police are investigating a murder-suicide in what appears to be the first documented murder involving someone who engaged extensively with an AI chatbot  —  “Erik, you're not crazy.”  ChatGPT fueled a 56-year-old tech industry veteran's paranoia, encouraging his suspicions that his mother was plotting against him.
Lydia Beyoud / Bloomberg:
The CFTC says non-US crypto exchanges have a path to bringing on US users, in an advisory clarifying how they can register as so-called foreign boards of trade  —  The Commodity Futures Trading Commission has taken a step that could make it easier for some overseas crypto exchanges …
Zoë Schiffer / Wired:
Sources: the US government restored xAI to its vendors list after removing it for Grok's antisemitic content; email: the White House asked GSA to add xAI “ASAP”  —  A partnership between xAI and the US government fell apart earlier this summer.  Then the White House apparently got involved, per documents obtained by WIRED.
Financial Times:
EU competition commissioner Teresa Ribera says the EU must be ready to walk away from the US trade deal if the US demands a watered-down DSA and DMA  —  Bloc must be prepared to walk away from trade deal with US if it retaliates against Brussels' digital laws, warns Teresa Ribera
BBC:
An investigation finds spammers are deploying Holocaust-themed AI slop images across Facebook, in an attempt to game Meta's content monetization program  —  An international network of spammers are posting AI-generated images of Holocaust victims on Facebook, a BBC investigation into “AI slop” has found.
Jonathan Vanian / CNBC:
Intel CFO David Zinser says the company received $5.7B in cash from the US government on August 27; the White House says the deal is still “being ironed out”  —  Intel CFO David Zinser said that the semiconductor giant received $5.7 billion from the U.S. government on Wednesday evening.
Financial Times:
Intel CFO says the US deal aims to deter Intel from selling its foundry; it lets the US buy 5% more at $20/share if Intel's stake in the unit falls below 51%
Jagmeet Singh / TechCrunch:
Reliance launches a subsidiary called Reliance Intelligence, aiming to create national-scale AI infrastructure in India, in partnership with Google and Meta  —  Mukesh Ambani, India's richest man and chairman of Reliance Industries, has unveiled an ambitious plan to build the country's AI backbone through …
Robert Burnson / Bloomberg:
A judge rules Nvidia must face trial over allegations that it benefitted from autonomous driving data stolen by an engineer who defected from Valeo in 2021  —  Nvidia Corp. must face trial in the case of an engineer who inadvertently revealed autonomous driving trade secrets that he allegedly stole from a former employer.
Bloomberg:
Huawei reports H1 2025 revenue up 3.9% YoY to ~$58.5B, driven by soaring AI compute demand and a rebound in phone sales, and net profit down 32% YoY to ~$5.2B  —  Huawei Technologies Co. posted a first-half profit, getting back into the black after the emergence of DeepSeek ignited a wave of AI development across China.
More: Reuters
Zack Whittaker / TechCrunch:
Filing: credit reporting giant TransUnion discloses a data breach affecting 4.4M+ customers' personal info but claims “no credit information was accessed”  —  Credit reporting giant TransUnion has disclosed a data breach affecting more than 4.4 million customers' personal information.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:50 AM ET, August 29, 2025.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Todd Spangler / Variety:
Memo: Skydance offers certain employees a voluntary buyout in a “one-time offer” and moves to a mandatory five-days-per-week in-office policy

Ashley Carman / Bloomberg:
Netflix hires Steve Wilson, who formerly managed partner relations at Apple Podcasts, as a consultant to oversee podcast content acquisition

Etan Vlessing / The Hollywood Reporter:
Lionsgate and Steven Paul's SP Media form a JV to invest in new businesses and indie film production; a source says Paul is leading an investment of ~$100M

More News

Chandini Monnappa / Reuters:
India's largest telco Reliance Jio, owned by Asia's richest man Mukesh Ambani, says it aims to list its shares through an IPO in India by the first half of 2026
Hans Nichols / Axios:
In a letter, FTC chair Andrew Ferguson warns Google not to filter or suppress emails sent by Republicans over Gmail; Google says its spam filters are not biased

Earlier Picks

Reed Albergotti / Semafor:
Microsoft unveils MAI-Voice-1, a speech model that can generate a full minute of audio in under a second on a single GPU, and a text model called MAI-1-preview
Anthropic:
Anthropic requires users to accept new terms by September 28, including choosing whether new chats and coding sessions can be used to train AI models
Sabrina Ortiz / ZDNET:
OpenAI makes its Realtime API generally available with features like MCP support and debuts gpt-realtime, its most advanced speech-to-speech model, in the API
Bloomberg:
Sources: Trump's threat of “substantial” tariffs on countries imposing digital taxes came after Zuckerberg raised concerns about the taxes in a private meeting
Bloomberg:
The US starts publishing GDP data on nine public blockchains including Bitcoin, Ethereum, and Solana, with the help of Coinbase, Kraken, and Gemini
Emma Roth / The Verge:
Samsung rolls out Microsoft's Copilot AI assistant in its 2025 lineup of TVs and monitors, letting users ask for movie suggestions, plot recaps, and more
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