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September 12, 2025, 9:30 AM
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Top News

Ina Fried / Axios:
OpenAI and Microsoft say they “signed a non-binding memorandum of understanding for the next phase of our partnership”, and are working to finalize the terms  —  OpenAI and Microsoft said Thursday they have reached preliminary terms on a revised partnership and are “actively working to finalize” a definitive agreement.
Ashley Capoot / CNBC:
OpenAI says its nonprofit parent company will own a $100B+ equity stake and continue to have oversight over the startup, which last week was valued at $500B  —  OpenAI on Thursday said its nonprofit parent will continue to have oversight over the company and will own an equity stake of more than $100 billion.
Chance Miller / 9to5Mac:
Apple gets FDA clearance for hypertension alerts on Apple Watch, and plans to roll out the feature to Series 11, 10, and 9, and Watch Ultra 3 and 2 next week  —  When Apple announced the new Apple Watch Series 11 and Apple Watch Ultra 3 this week, it unveiled its latest health feature: hypertension notifications.
Coco Feng / South China Morning Post:
Apple delays iPhone Air pre-orders in China, likely over eSIM regulatory issues, replacing the original schedule with “release information to be updated later”  —  Apple says all three state-owned telecoms network operators would provide eSIM support ‘subject to regulatory approval’
Rebecca Bellan / TechCrunch:
California SB 243, which would mandate safety protocols for AI companion chatbots, has passed the State Assembly and Senate and now heads to Gov. Newsom's desk  —  California has taken a big step toward regulating AI.  SB 243 — a bill that would regulate AI companion chatbots in order …
Reuters:
Albania appoints an AI bot named Diella as the minister responsible for managing and awarding all public procurement tenders to combat corruption  —  A new minister in Albania charged to handle public procurement will be impervious to bribes, threats, or attempts to curry favour.
Yoolim Lee / Bloomberg:
SK Hynix announces that it has completed development of HBM4, the next generation of high-bandwidth memory crucial for AI work; stock jumps 7% to a record high  —  SK Hynix Inc.'s stock climbed 7% on Friday to a record after the company announced it had completed development of HBM4 …
Barbara Moens / Financial Times:
The EU ends an antitrust probe against Microsoft with no fine and accepts its concessions, including offering Office without Teams in Europe for seven years  —  US tech group faced scrutiny over how it bundled together its Teams and Office products  —  Microsoft has avoided an EU fine …
Bloomberg:
Sources: OpenAI and Nvidia will pledge billions in UK data center investments during their next week's trip, which coincides with President Trump's UK visit  —  The leaders of OpenAI and Nvidia Corp. plan to pledge support for billions of dollars in UK data center investments when they head …
Bloomberg:
Winklevosses' crypto exchange Gemini raises $425M in its IPO, selling about 15.2M shares for $28 each after marketing them for $24 to $26 apiece  —  Gemini Space Station Inc. raised $425 million in an initial public offering, pricing its stock above a marketed range and shrinking the number of shares.

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From Mediagazer

CNBC:
Letter: Paramount expresses concern to WBD about the “fairness and adequacy” of the sales process, accusing WBD of favoring Netflix's offer

James Faris / Business Insider:
Kalshi strikes a deal with CNBC that will integrate Kalshi's prediction data into CNBC's channel, site, and app starting in 2026, days after striking a CNN deal

Erik Wemple / New York Times:
The NYT sues the Pentagon in Washington, DC, arguing that the US DOD's new reporting restrictions infringed on its journalists' constitutional rights

More News

Crystal Liu / Alizila:
Alibaba releases Qwen3-Next, a new model architecture optimized for long-context understanding, large parameter scale, and better computational efficiency
Bloomberg:
Figure's shares closed up 24% at $31.11 in its Nasdaq debut, giving it a ~$6.6B market cap, after the company and some of its backers raised $787.5M in its IPO

Earlier Picks

Blake Brittain / Reuters:
Encyclopedia Britannica and Merriam-Webster sue Perplexity, alleging that it unlawfully scraped their websites and redirected their traffic to its AI summaries
The Information:
OpenAI projects $200B in revenue in 2030, with R&D spending hitting ~45% of that, or ~$90B; R&D costs of Alphabet and others are currently 10%-20% of revenue
Natalie Lung / Bloomberg:
The US DOJ sues Uber, with its civil rights division alleging that Uber discriminates against people with physical disabilities in violation of federal law
Leah Nylen / Bloomberg:
The FTC orders Google, OpenAI, Meta and Instagram, Snap, xAI, and Character.AI to provide information on how their AI chatbots impact children and teens
Taylor Soper / GeekWire:
F5 plans to acquire CalypsoAI, which helps companies secure their generative AI infrastructure, for $180M; CalypsoAI raised $43.2M
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