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Techmeme
September 2, 2025, 5:05 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  —  Key findings from Inside Higher Ed's student survey on generative AI show that using the evolving technology hasn't diminished …
More: Digit, Entrepreneur, and The Hill
X: @anecdotal and @mikeelgan
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 …
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
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 …

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From Mediagazer

CBS News:
A US federal judge allows the Pentagon to fire three Stars and Stripes journalists, ruling the government likely did not violate their First Amendment rights

Abbie VanSickle / New York Times:
SCOTUS rules via an emergency order that political parties are entitled to the same low-cost TV ad rates as candidates, giving an advantage to Republicans

New York Times:
Sources: the Pentagon has subjected roughly 50 military officers and civilian employees on the Joint Staff to polygraph tests over leaks to journalists

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
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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