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Techmeme
September 2, 2025, 6:30 AM
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Top News

Nikou Asgari / Financial Times:
WLFI, run by the Trump family's World Liberty Financial, falls 25% to ~$0.21 on its first trading day, giving it a ~$6B market cap; Trump's WLFI is worth ~$3.6B  —  WLFI tokens in circulation have a total nominal value of $6.4bn  —  The crypto token of a project backed by US President Donald Trump fell …
Colleen Flaherty / Inside Higher Ed:
A survey of 1,047 US college students on GenAI: 55% use the tech for brainstorming ideas, 18% now question the value of college more than they used to, and more
More: Digit, Entrepreneur, and The Hill
X: @mikeelgan and @anecdotal
Bluesky: @janerosenzweig and @tedunderwood.me.  Forums: Slashdot
Arjun Kharpal / CNBC:
Alibaba's shares jumped 19% in Hong Kong on September 2, after strong Q1 results from its cloud computing unit on August 29 and reports of its new AI chip  —  Alibaba's Hong Kong listed shares surged more than 19% on Monday as the Chinese tech giant's cloud computing unit drove strong quarterly results …
Aisha S Gani / Bloomberg:
Internal memo: Revolut begins a secondary share sale for employees at $1,381.06 per share, valuing Revolut at $75B, up from $45B in a 2024 secondary share sale  —  Revolut Ltd. has kicked off a process for some employees to sell their shares in the company at a $75 billion valuation.
Bloomberg:
Sources: OpenAI is scouting local partners to set up a 1GW+ data center in India, although the exact timeline is unclear; Sam Altman is set to visit this month  —  OpenAI is seeking to build a massive new data center in India that could mark a major step forward in Asia for its Stargate …
Aanu Adeoye / Financial Times:
A profile of Jumia, hailed as the “Amazon of Africa”, as CEO Francis Dufay tries to hit profitability by 2027 after scaling down its food delivery business  —  Six years after a high-profile listing, Jumia is still trying to prove that it can be a profitable business rather than a relic of the cheap money era
Coco Feng / South China Morning Post:
China's new AI content labeling law goes into effect, as part of a broad effort to address AI-related risks such as misinformation and copyright infringement  —  The law requires explicit and implicit labels for AI-generated text, images, audio, video and other virtual content

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From Mediagazer

Associated Press:
After a short-term hold, SCOTUS denies former Fox News reporter Catherine Herridge's bid to stay an $800-a-day fine if she refuses to reveal a source

Matthew Weaver / The Guardian:
Three men have been found not guilty of murdering the journalist Lyra McKee in 2019; the New IRA claimed responsibility for the killing

Jessica Toonkel / Wall Street Journal:
A look at Comcast co-CEO Brian Roberts' earlier bundling strategy for connectivity and content, and his plan now to unbundle in order to keep growing

More News

Aidin Vaziri / San Francisco Chronicle:
Marc Benioff says Salesforce has cut its support staff from 9,000 to ~5,000 in the past year after deploying AI agents to handle a growing share of its work
Daphné Leprince-Ringuet / Sifted:
UK-based Phasecraft, which develops algorithms for quantum computers, raised a $34M Series B co-led by Plural, Playground Global, and Novo Holdings
Jonathan Kemper / The Decoder:
Tencent open sources translation models Hunyuan-MT-7B and Hunyuan-MT-Chimera-7B, which support 33 languages, claiming they beat established models in benchmarks
Drew Harwell / Washington Post:
Analysis: porn sites ignoring the UK's age verification law have seen a burst of traffic from UK users, while sites complying saw declines from UK IP addresses

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