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September 6, 2025, 4:35 PM
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WeSmirchTop News
| Sri Muppidi / The Information: |
OpenAI told investors that it projects its cash burn this year through 2029 will rise to a total of $115B, about $80B higher than it previously expected — OpenAI recently had both good news and bad news for shareholders. Revenue growth from ChatGPT is accelerating at a more rapid rate than the company projected half a year ago.
More: The Decoder, Reuters, Bloomberg, and Reuters
X: @sarahtavel, @amir, @anthpb, @charterhousesq, @_karenhao, @mattrosoff, @mylesudland, @srimuppidi, @srimuppidi, @srimuppidi, and @jukanlosreve
Bluesky: @btibor91.blaho.me and @jessefelder
Forums: r/BetterOffline and r/singularity
| Sam Reynolds / CoinDesk: |
Data shows WLFI's sharp drop was driven by shorting and dumping across exchanges, not Justin Sun's token movements; WLFI blames phishing-related compromises — Onchain data shows WLFI's sharp drop was driven by shorting and dumping across exchanges - not Justin Sun's token movements … | Bloomberg: |
More: Benzinga, CoinGape, The Crypto Times, NullTX, Coinpedia Fintech News, Blockonomi, The Crypto Basic, The Coin Republic, Bitcoin Insider, Inside Bitcoins, The Merkle News, Reuters, CryptoPotato, CryptoNinjas, New York Times, Axios, Gizmodo, The Block, DL News, Coinspeaker, Blockworks, Protos, Cryptonews, CryptoSlate, Unchained, Cointelegraph, NewsBTC, CoinJournal, and crypto.news
X: @justinsuntron, @justinsuntron, and @justinsuntron
Forums: r/LeopardsAteMyFace and r/Economics
| Thomas Brewster / Forbes: |
Public records show C3 AI's Project Sherlock, its flagship contract to speed up policing in San Mateo County, has struggled with usability and other issues — San Mateo County pumped $12 million into a grand AI surveillance system made by billionaire Tom Siebel's C3 AI that was supposed to level up its police work.| Hyunsoo Rim / Sherwood News: |
C3 AI, whose NYSE ticker symbol is AI, has fallen 32%+ in the past month on growth concerns, after its Q1 revenue fell 19% YoY to $70.3M, below $100M+ est. — When your ticker is “AI,” people expect you to be riding the wave better than anyone else — that hasn't happened for C3.ai. — 16H| Dominic Preston / The Verge: |
OnePlus ends its five-year partnership with camera company Hasselblad and plans to develop its own imaging engine called DetailMax Engine for upcoming phones — But Oppo and Hasselblad seemingly aren't. … From now on, OnePlus will develop its own imaging engine instead.| Susanne Barton / Bloomberg: |
Microsoft says clients of its Azure cloud platform may experience increased latency after multiple international cables in the Red Sea were cut — Microsoft Corp. said on Saturday that clients of its Azure cloud platform may experience increased latency after multiple international cables in the Red Sea were cut.| Sankalp Phartiyal / Bloomberg: |
A look at the ramp up of Apple's retail footprint in India, as a source says Apple's revenue grew 13% YoY to $9B during India's fiscal year that ended in March — Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.| Tim Higgins / Wall Street Journal: |
A book excerpt details Spotify's decade-long push against Apple's App Store commissions and steering rules, including pushing the EU to pass new antitrust laws — The music service's rebellion against an App Store ‘tax’ over the past decade has significantly weakened Apple's grip on the mobile world| Belle Lin / Wall Street Journal: |
An analysis of US DOL data: the IT sector's unemployment rate fell from 5.5% in July to 4.5% in August, while active tech job postings declined 2.6% from July — Beyond the red-hot area of AI hiring, the job market for much of information-technology is still getting smaller, recent analysis shows
More: Bloomberg, CIO Dive, RTÉ, and Associated Press
| Christian Catalini / Forbes: |
Christian Catalini, co-creator of Meta's Libra stablecoin project, reflects on Libra's failure, what Stripe's Tempo blockchain can learn from it, and more — Stripe just pulled back the curtain on Tempo, its corporate blockchain, and the pitch is a classic.
More: The Crypto Times and BeInCrypto
X: @brij, @matthuang, @ccatalini, @nick_van_eck, @ccatalini, and @malekanoms. Mastodon: @remixtures@tldr.nettime.org
| Supantha Mukherjee / Reuters: |
TikTok says it now has more than 200M MAUs in Europe, up from 175M in 2024, the latest sign of its rapid growth among teenagers — TikTok has more than 200 million monthly users in Europe, or roughly one in three citizens on the continent, the short video app platform said on Friday …
More: PhoneArena
| Bloomberg: |
Filing: Anthropic has agreed to pay $1.5B plus interest to resolve an authors' copyright lawsuit over the company's downloading of millions of pirated books — Anthropic PBC will pay at least $1.5 billion plus interest to resolve an authors' copyright lawsuit over the AI company's downloading …
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X: @adameisgrau, @morqon, @natolambert, @peterhndrsn, @emostaque, @eriqgardner, @brianstelter, and @willoremus
Bluesky: @rasmansa, @notdred, @nkjemisin, @ryanestrada.com, @kateheartfield.com, @michellewitte, @jasonsanford, @eff.org, @kevinbaker, @carnage4life, @stinasdemons.com, @burrata, @chadlavin, @tachikoma.elsewhereunbound …, @food4dogs, @bcdreyer.social, @adampknave.com, @damonberes.com, @kalihays, @ponypalpokey, @cheriepriest.com, @punkey.org, and @mrose.ink. Threads: @kalihays1
Mastodon: @pleia2@floss.social, @remixtures@tldr.nettime.org, @mimarek@universeodon.com, and @dilmandila@mograph.social
Forums: r/technology, r/writing, r/antiai, r/LocalLLaMA, r/news, r/technology, r/BetterOffline, r/ClaudeAI, and r/Anthropic
| Mike Scarcella / Reuters: |
More: 9to5Mac, Engadget, Business Insider, iPhone in Canada, AppleInsider, Thurrott, Business Standard, The Decoder, Livemint, Tech in Asia, Pixel Envy, and MacDailyNews. Forums: r/apple
| Nikkei Asia: |
Thailand, aiming to become the second-largest PCB production hub, is witnessing a tech manufacturing boom as the PCB supply chain shifts from China and Taiwan — BANGKOK — Some 60 kilometers north of Bangkok in the old capital of Ayutthaya, China's Victory Giant Technology is in the hectic final stages … | Financial Times: |
Source: Balderton Capital, one of Revolut's earliest VC backers, has sold ~$1B in shares through multiple transactions that valued the fintech company at $45B — Venture capital firm has sold hundreds of millions of dollars in UK fintech that has enjoyed explosive growth
More: Reuters, DatacenterDynamics, and Sifted
| Zaheer Kachwala / Reuters: |
Nvidia opposes the GAIN AI Act, saying the proposed US law forcing AI chipmakers to sell to US buyers first is “just another variation of the AI Diffusion Rule” — Nvidia (NVDA.O) said on Friday the AI GAIN Act would restrict global competition for advanced chips … | Kevin Breuninger / CNBC: |
After EU's fine ruling, Trump says he may “be forced” to start a trade investigation to nullify the unfair fines, totaling $16.5B for Google and $17B for Apple — - CNBC Councils — Supply Chain Values — CNBC on Peacock — Join the CNBC Panel — Ad Choices
More: Reuters, Politico, Common Dreams, India Today, ANI News, AppleInsider, Pixel Envy, Tampa Free Press, The Hill, Washington Examiner, and MacDailyNews
LinkedIn: Johnny Ryan. Bluesky: @mckennadean, @theodyllicstone, @alexandrageese, and @peoplevsbigtech
Truth Social: @realDonaldTrump … and @realDonaldTrump …
Forums: r/apple, r/technology, r/worldnews, r/europeanunion, and r/neoliberal
| Wall Street Journal: |
More: European Commission, European Commission, TechCrunch, Euractiv, The Verge, Politico, Ukrainian National News, Bloomberg, Associated Press, Search Engine Land, SiliconANGLE, Yahoo Finance, Egypt Independent, Android Headlines, CNBC, Adweek, Financial Times, Reuters, CNET, Search Engine Roundtable, iPhone in Canada, TipRanks Financial, Agence France-Presse, BBC, Thurrott, Courthouse News Service, BleepingComputer, and Jamaica Observer
X: @trumpdailyposts, @trumpdailyposts, @eric_seufert, @mmcassella, @jorgeliboreiro, and @teroterotero
LinkedIn: Alex Berger, Patrick Leblond, Itxaso Domínguez …, Max von Thun-Hohenstein …, and Teresa Ribera
Bluesky: @parismarx.com, @tcobserver12, and @rustybrick.com
Mastodon: @darnell@one.darnell.one and @avandeursen@mastodon.acm.org
Forums: r/EU_Economics, r/europeanunion, and r/technology
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