Techmeme
August 31, 2026, 7:30 PM

Top News

Annie Palmer / CNBC:
The FTC and 22 state AGs sue Amazon, alleging it overcharged advertisers over $20B since 2019 via hidden surcharges, with costs largely passed on to consumers  —  The Federal Trade Commission on Monday sued Amazon, alleging the e-commerce giant “secretly and systematically overcharged” …
About Amazon:
Amazon says the FTC's complaint over Sponsored Ads cites no evidence of consumer price increases or advertiser harm, and misunderstands how advertisers operate  —  The FTC today filed a misguided lawsuit claiming Amazon misled advertisers about its Sponsored Ads pricing and auction.
Mark Gurman / Bloomberg:
Sources: Phil Schiller stepped down from his role leading the App Store and product events; he will remain at Apple to work on unspecified initiatives  —  Apple Inc.'s Phil Schiller, one of the most visible and influential executives across both the Steve Jobs and Tim Cook eras …
Chance Miller / 9to5Mac:
Gian Volpicelli / Bloomberg:
The EU designates ChatGPT as a very large online search engine, and Reddit and Roblox as very large online platforms after each hit 45M monthly users in the EU  —  ChatGPT, Reddit Inc. and video game company Roblox Corp. will face stricter European Union scrutiny after surpassing a threshold of 45 million monthly users in the bloc.
Bloomberg:
Nvidia plans to invest $3.5B into MediaTek through convertible bonds; MediaTek forecasts AI chip revenue of about $2B this year  —  Nvidia Corp. is investing $3.5 billion into MediaTek Inc., deepening collaboration with the Taiwanese chipmaker at a time when it's working to persuade …
Ashley Capoot / CNBC:
OpenAI says its ad business has hit $1B in annualized revenue run rate and is expanding globally, as it touts its “diversified business model” ahead of an IPO  —  OpenAI on Monday announced that its advertising business has hit $1 billion in annualized revenue run rate …
Cheyanne M. Daniels / Politico:
Trump says communities that reject data centers will end up “backwards and poor” and that “China could not be happier with this anti Data Center movement”  —  President Donald Trump on Monday again championed the spread of data centers despite growing bipartisan backlash ahead of the midterms in November.
Joe Rossignol / MacRumors:
MapQuest becomes the top free iPhone app on the App Store in Canada and fourth on the US App Store after refusing to change Lake Ontario to Lake America  —  MapQuest is in the spotlight this week after refusing to change “Lake Ontario” to “Lake America” on its map following an executive order issued …
Reuters:
Associated Press:
Simon Goodley / The Guardian:
Bank of England Governor warns that advanced AI could destabilize the highly interconnected global financial system via cyberattacks across jurisdictions  —  Andrew Bailey warns group about risk of advanced ‘frontier models’ destabilising the ‘highly interconnected’ financial system
Chance Miller / 9to5Mac:
Filing: Apple claims a former iPhone engineer used a confidential Apple circuit schematic in his work at OpenAI, evidence is being destroyed, and more  —  Apple has filed a new document in its ongoing lawsuit against OpenAI as it continues to push for expedited discovery.
Kris Holt / Engadget:
Sony launches Live TV on PS5 in the US, letting users stream 100+ free, ad-supported TV channels with content from Amazon MGM Studios, Crunchyroll, and more  —  Ad-supported streaming channels are hitting Sony's console in the US today.  —  PlayStation 5 owners in the US will be able to stream free …
Hannes Rudolph / OpenClaw Blog:
OpenClaw releases OpenClaw 2.0, its largest update to date, with a simplified installation process, a rebuilt browser app, shared cloud sessions, and more  —  How a push for simpler setup and a first-class browser experience grew into OpenClaw 2.0.  —  Today we released by far the largest update in the history of OpenClaw.
Karissa Bell / Engadget:
Instagram says it will reduce the reach of accounts featuring AI-generated personas if they don't use a new “AI-generated profile” label  —  The app isn't cracking down on other kinds of AI slop, though.  —  Instagram is changing its rules for profiles that feature AI-generated personas.
Fox News:
The Trump administration launches Project Watershed 250, a six-month cybersecurity pilot to protect Texas water systems from cyberattacks  —  FIRST ON FOX: The Trump administration is launching “Project Watershed 250” Monday, Fox News Digital exclusively learned, deploying American artificial intelligence …
Lucinda Shen / Axios:
Sources: AI sales and marketing startup Clay is raising a round led by Wellington at a $7B pre-money valuation, up from $5B via an employee tender in January  —  Clay, an AI startup for sales and marketing teams, is raising new money led by Wellington at a $7 billion pre-money valuation, Axios has learned.
Brian Schwartz / Wall Street Journal:
Former NY GOP Rep. George Santos receives Kalshi's first lifetime ban after the CFTC alleged he made $17K by betting on his appearance at the State of the Union  —  Decision comes after federal regulator alleged Santos made more than $17,000 by placing bets on his attendance at the State of the Union address
Niko Gallogly / New York Times:
Together AI, which serves open models, announces a deal to use compute from Humain in Saudi Arabia, where it can bypass US backlash over data centers  —  Together AI, which serves open-source artificial intelligence models, announced a deal to use compute from Humain in Saudi Arabia, where it can bypass U.S. backlash over data centers.

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Andreessen Horowitz:
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