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September 2, 2025, 7:10 AM
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memeorandum
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| 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 …
More: World Liberty Financial, Wall Street Journal, Binance, The Block, The Block, BeInCrypto, Popular Information, Reuters, Blockhead, The Crypto Basic, Decrypt, Bloomberg, Bitcoin Insider, The Independent, Raw Story, The Crypto Times, NewsBTC, Cryptonews, Inside Bitcoins, Cointelegraph, Coinpedia Fintech News, The Crypto Times, The Hill, CoinDesk, Yahoo Finance, NFTgators, crypto.news, Coinspeaker, The Crypto Basic, crypto.news, The Coin Republic, Barron's Online, Blockchain.News, DL News, Crypto Briefing, Unchained, Bitcoin Insider, CoinDesk, The Daily Hodl, Cryptonews, CryptoSlate, CoinGape, and Coinpedia Fintech News
X: @donaldjtrumpjr, @justinsuntron, @lookonchain, @erictrump, @lookonchain, @arkham, @coinbaseassets, @wublockchain, @quintenfrancois, @zakfolkman, @cryptocom_exch, @sjdedic, @chooserich, @worldlibertyfi, @jacobkinge, @chainlink, @degeneratenews, and @ag_dwf. Mastodon: @carnage4life@mas.to. Forums: r/Buttcoin
| New York Times: |
An analysis of Grok's responses to 41 political questions in May and July shows it shifted to the right on 50%+ of them, often aligning with Elon Musk's views — Mr. Musk said he wanted xAI's chatbot to be “politically neutral.” His actions say otherwise.| Vauhini Vara / Bloomberg: |
A look at AI adoption across US schools and colleges, as tech companies invest in AI education initiatives, including partnerships with major teachers' unions — Educators across the country are bringing chatbots into their lesson plans. Will it help kids learn or is it just another doomed ed-tech fad?| Colleen Flaherty / Inside Higher Ed: |
| 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 …
More: South China Morning Post, Fortune, Hugging Face, GitHub, WinBuzzer, SiliconANGLE, and Geekflare
| Luke James / Tom's Hardware: |
TrendForce: Q2 global chip foundry revenue surged 14.6% QoQ to $41.7B, with TSMC securing a 70% market share, followed by Samsung with 7.2% and SMIC with 5.1% — China's SMIC also takes a 1.7% hit. — The second quarter of 2025 was a windfall for the world's chipmakers …
More: TrendForce, South China Morning Post, PC Gamer, Notebookcheck, and DigiTimes
| 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.
More: DL News, Reuters, Tech Funding News, AIN, Telegraph, Sifted, The Independent, Capital Brief, crypto.news, SiliconANGLE, The Guardian, The Irish Times, and Finextra
| Financial Times: |
IFR: Chinese factories install ~280K industrial robots every year, or 50% of the global total, helping China boost its global exports; ~50% are locally made — Economists say cheaper automation could explain why country maintains low-end manufacturing even as wages rise
More: Bloomberg
| Financial Times: |
UK fintechs, including Revolut and Starling, step up plans to buy US banks to get US licenses and lend across all 50 states as Trump admin eases merger rules — Revolut and Starling among start-ups weighing acquisition of nationally chartered banks — British fintechs are stepping up plans … | Aanu Adeoye / Financial Times: |
A profile of Jumia, hailed as the “Amazon of Africa”, as CEO Francis Dufay tries to hit profitability by 2027 after scaling down its food delivery business — Six years after a high-profile listing, Jumia is still trying to prove that it can be a profitable business rather than a relic of the cheap money era| Jess Weatherbed / The Verge: |
Google plans to update Play Games on Android to show stats, achievements, and social features in most regions on September 23 and the EU and the UK on October 1 — Google is updating user profiles for its Play Games service on Android devices to display gaming stats, achievements, and social features.
More: Google Help Center, Business Standard, Digit, and 9to5Google
| 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: Forbes, Verdict, and Nikkei Asia
| Dominic-Madori Davis / TechCrunch: |
An interview with Lovable CEO Anton Osika on competition, staying in Europe, and more; the company now has 2.3M+ active users, including 180K paying subscribers — Every seat in Copenhagen's Bella Center was full as Anton Osika, the co-founder of the vibe coding app Lovable, took the stage at this year's TechBBQ conference.| 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 … Sponsor Posts
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IDrive:
Geometric Grand Unification — Solving the Hubble Tension & Proton Mass — Physics solved? AI verifies model unifying gravity & particles by deriving constants from vacuum geometry. Identifies void-driven topology.
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