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September 1, 2025, 11:20 PM
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| Nikou Asgari / Financial Times: |
WLFI, the token of the Trump family's World Liberty Financial, falls 25% to about $0.21 on its first day of trading, giving it a market cap of around $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 on its first day of trading on Monday.
More: The Block, World Liberty Financial, Binance, Reuters, BeInCrypto, Wall Street Journal, Benzinga, The Straits Times, Bloomberg, Decrypt, New York Times, Unchained, The Daily Hodl, Cryptonews, CryptoSlate, CoinGape, Bitcoin Insider, The Coin Republic, The Crypto Times, Coinpedia Fintech News, Coinspeaker, The Independent, NewsBTC, Bitcoin Insider, Yahoo Finance, Inside Bitcoins, Cointelegraph, Crypto Briefing, Cointelegraph, Blockchain.News, The Crypto Times, The Crypto Basic, crypto.news, Barron's Online, DL News, CoinDesk, The Hill, Yahoo Finance, and NFTgators
X: @donaldjtrumpjr, @lookonchain, @erictrump, @justinsuntron, @lookonchain, @arkham, @coinbaseassets, @wublockchain, @quintenfrancois, @zakfolkman, @cryptocom_exch, @sjdedic, @chooserich, @worldlibertyfi, @jacobkinge, @chainlink, @degeneratenews, and @ag_dwf. Mastodon: @carnage4life@mas.to. Forums: r/Buttcoin
| Arjun Kharpal / CNBC: |
Alibaba's shares jumped 19% in Hong Kong on Monday, following strong quarterly results from its cloud computing unit and reports of its new AI chip on Friday — 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 … | Kelsey Warner / Semafor: |
Source: G42 is talking to AWS, Google, Meta, Microsoft, and xAI to become tenants at its UAE-US AI Campus, and aims to diversify chip suppliers beyond Nvidia — THE SCOOP — Abu Dhabi-backed G42 is still negotiating with major American technology firms — with no agreements yet … | 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 — Key findings from Inside Higher Ed's student survey on generative AI show that using the evolving technology hasn't diminished …
More: Entrepreneur and The Hill
| Luke James / Tom's Hardware: |
TrendForce: global chip foundry revenue surged 14.6% QoQ to $41.7B in Q2, with TSMC securing a 70% market share, followed by Samsung with 7% and SMIC with 5% — China's SMIC also takes a 1.7% hit. — The second quarter of 2025 was a windfall for the world's chipmakers …
More: TrendForce, Notebookcheck, South China Morning Post, PC Gamer, and DigiTimes
| 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.
More: Reuters, The Guardian, Capital Brief, The Irish Times, SiliconANGLE, Sifted, and Finextra
| 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 … | Kate Park / TechCrunch: |
Tokyo-based LayerX, which uses AI to help enterprises automate back-office workload, raised a $100M Series B led by TCV, taking its total funding to $192.2M — Aging demographics, labor shortages, the adoption of GenAI, and the 2023 implementation of e-invoicing are driving companies to automate finance …
More: Nikkei Asia
| Dominic-Madori Davis / TechCrunch: |
Interview with Lovable CEO Anton Osika on competition, staying in Europe, and more; the company now has 2.3M+ active users, including 180K paying subscribers — Every seat in Copenhagen's Bella Center was full as Anton Osika, the co-founder of the vibe coding app Lovable, took the stage at this year's TechBBQ conference.| Fred Vogelstein / Crazy Stupid Tech: |
Q&A with Cloudflare CEO Matthew Prince on why he thinks AI chatbots are killing the web and journalism, how his pay-per-crawl initiative can fix it, and more — Sixteen years ago Matthew Prince and classmate Michelle Zatlyn at Harvard Business School decided there was a better …
| 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| 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 — Chinese tech giant Tencent has open sourced two specialized translation models, claiming they outperform established tools …
More: SiliconANGLE, GitHub, and Geekflare
| 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 — The age-verification laws rapidly expanding across the United States and United Kingdom are bringing with them some surprising downsides …
More: TechCrunch, PC Gamer, and The American Spectator
Bluesky: @jsrailton, @mikestabile, @notjessewalker, and @drewharwell.com
Forums: r/ukpolitics, r/KeepOurNetFree, and r/technology
| Emily Mullin / Wired: |
A policy doc authored in July by seven Chinese government departments outlines plans to create a globally competitive brain-computer interface industry by 2030 — A new policy document outlines China's plan to create an internationally competitive BCI industry within five years … Sponsor Posts
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