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Techmeme
September 2, 2025, 6:30 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
More: Digit, Entrepreneur, and The Hill
X: @mikeelgan and @anecdotal
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 …
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
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

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This is a Techmeme archive page. It shows how the site appeared at 6:30 AM ET, September 2, 2025.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Washington Post:
Internal email: 60 Minutes correspondent Sharyn Alfonsi told staffers Bari Weiss pulled the CECOT segment after the Trump administration refused an interview

CNN:
A list of times the Trump administration tested the limits of the First Amendment during his second term, stoking alarm among civil rights experts and critics

Robert D. McFadden / New York Times:
Lou Cannon, a veteran Washington Post reporter who wrote several influential biographies of Ronald Reagan, has died at 92

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
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
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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