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September 12, 2025, 11:55 AM
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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 …
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.
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 …
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 …
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  —  The leaders of OpenAI and Nvidia Corp. plan to pledge support for billions of dollars in UK data center investments when they head …

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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

Bloomberg:
Sources: WBD begins exclusive talks with Netflix to sell its film and TV studios and HBO Max; Netflix is offering a $5B breakup fee if the deal isn't approved

The Guardian:
Ireland, Spain, Slovenia, and the Netherlands exit Eurovision after Israel received an all-clear to compete; the BBC and Germany's SWR plan to participate

James Faris / Business Insider:
Kalshi strikes a deal with CNBC that will integrate Kalshi's prediction data into CNBC's channel, site, and app starting in 2026, days after striking a CNN deal

More News

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
Crystal Liu / Alizila:
Alibaba releases Qwen3-Next, a new model architecture optimized for long-context understanding, large parameter scale, and better computational efficiency
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

Earlier Picks

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
Natalie Lung / Bloomberg:
The US DOJ sues Uber, with its civil rights division alleging that Uber discriminates against people with physical disabilities in violation of federal law
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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