| Naga Avan-Nomayo / The Block: |
WLFI, Trump's World Liberty Financial token, begins trading at ~$0.30, implying a ~$7.5B market cap; ~24.67% of its 100B supply was in circulation at the open — - The native token of World Liberty Financial, a DeFi project backed by Donald Trump and his family, began spot trading on exchanges.| 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 … | Kelsey Warner / Semafor: |
Source: G42 is talking to AWS, Google, Meta, Microsoft, and xAI to become tenants at its UAE-US AI Campus, and aims to diversify chip suppliers beyond Nvidia — THE SCOOP — Abu Dhabi-backed G42 is still negotiating with major American technology firms — with no agreements yet … | Arjun Kharpal / CNBC: |
Alibaba's shares jumped 19% in Hong Kong on Monday, following strong quarterly results from its cloud computing unit and reports of its new AI chip on Friday — 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 … | 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| 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.| Fred Vogelstein / Crazy Stupid Tech: |
| 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 — The age-verification laws rapidly expanding across the United States and United Kingdom are bringing with them some surprising downsides … | Financial Times: |
AI shopping agents have prompted sellers and brands to rethink selling online, as advertisers employ new techniques to appear more prominently in AI results — OpenAI, Perplexity and Google create AI-powered features, leading brands to rethink how they sell products online| 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 — Key findings from Inside Higher Ed's student survey on generative AI show that using the evolving technology hasn't diminished … | 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 … | Allie Garfinkle / Fortune: |
An interview with CrowdStrike CEO George Kurtz on the company's M&A strategy as it acquires Madrid-based data observability startup Onum for about $290M — Cybersecurity is more than just software, says George Kurtz, cofounder and CEO of CrowdStrike. — “What we do at CrowdStrike is as old as time,” he told Fortune.| Emily Mullin / Wired: |
A policy doc authored in July by seven Chinese government departments outlines plans to create a globally competitive brain-computer interface industry by 2030 — A new policy document outlines China's plan to create an internationally competitive BCI industry within five years … | J. Edward Moreno / Sherwood News: |
Q&A with Lyft CEO David Risher on Lyft's three profitable quarters in a row, its co-founders leaving the board, acquiring Freenow, robotaxi economics, and more — Lyft wants to shed its “second-place, domestic-only, only a business-to-consumer company” reputation. — 13M
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| Joshua Rothman / New Yorker: |
| Brayden Lindrea / Cointelegraph: |