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September 12, 2025, 12:25 PM
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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:
The US FDA clears hypertension notifications on Apple Watch, and Apple 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 preorders in China, likely over eSIM regulatory issues, and replaces the launch 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’
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 …
Daniel Kuhn / The Block:
Tether names Bo Hines, the former Executive Director of the White House Crypto Council, as the CEO of its new US unit and launches USAT stablecoin  —  - USAT is designed to be a U.S.-regulated, dollar-backed stablecoin and a complement to USDT, which has about $169 billion in circulation.
Rebecca Bellan / TechCrunch:
California SB 243, which would mandate safety protocols for AI chatbot companions, passes the State Assembly and Senate and now heads to Governor 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 for managing and awarding all public procurement tenders, to combat corruption around such contracts  —  A new minister in Albania charged to handle public procurement will be impervious to bribes, threats, or attempts to curry favour.
Wall Street Journal:
Some 20-somethings flocking to SF to build trillion-dollar AI startups say no to booze, sleep, and fun as they strive to be, or appear to be, the most obsessed  —  To reach the dream of creating a trillion-dollar company, the 20-somethings flocking to San Francisco give up everything but their laptops
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 …

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From Mediagazer

Sara Fischer / Axios:
The AP says it plans dozens of US staff cuts as part of a broader restructuring away from hyper-local print coverage and toward video and national topics

Wall Street Journal:
Sources: three Gulf sovereign-wealth funds have agreed to commit a total of ~$24B to back Paramount's $81B WBD deal; Saudi Arabia's PIF agreed to provide ~$10B

Natalie Korach / Status:
Sources: journalists attending WHCD plan to wear 1A-themed accessories, in a RCFP-coordinated campaign to express solidarity amid Trump's press restrictions

More News

Bloomberg:
Sources: OpenAI and Nvidia will pledge billions of dollars in UK data center investments during their trip next week, coinciding with President Trump's UK visit
Crystal Liu / Alizila:
Alibaba releases Qwen3-Next, a new model architecture optimized for long-context understanding, large parameter scale, and better computational efficiency

Earlier Picks

Bloomberg:
Winklevosses' crypto exchange Gemini raises $425M in its IPO, selling ~15.2M shares for $28 each after marketing them for $24 to $26, with Nasdaq buying $50M
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
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 hitting $200B in revenue in 2030, with R&D costs amounting to ~45% of that, or ~$90B; Big Tech's R&D costs are currently 10% to 25% of revenue
Leah Nylen / Bloomberg:
The US FTC orders Google, OpenAI, Meta and Instagram, Snap, xAI, and Character.AI to turn over information about how their AI chatbots impact children and teens
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