Techmeme
September 2, 2025, 6:30 AM

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:
More: Digit, Entrepreneur, and The Hill
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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More News

Aidin Vaziri / San Francisco Chronicle:
Daphné Leprince-Ringuet / Sifted:
Jonathan Kemper / The Decoder:
Drew Harwell / Washington Post:

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