Techmeme
September 1, 2025, 11:20 PM

Top News

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.
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 …
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
X: @anecdotal.  Bluesky: @janerosenzweig and @tedunderwood.me.  Forums: Slashdot
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
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 …
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 …

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Earlier Picks

Noah Smith / Noahpinion:
Brayden Lindrea / Cointelegraph: